diff --git a/apps/web/components/booking/BookingListItem.tsx b/apps/web/components/booking/BookingListItem.tsx
index 3ae610aad99057..ee86420da8e3be 100644
--- a/apps/web/components/booking/BookingListItem.tsx
+++ b/apps/web/components/booking/BookingListItem.tsx
@@ -216,7 +216,7 @@ function BookingListItem(booking: BookingItemProps) {
   ];
 
   const editBookingActions: ActionType[] = [
-    ...(isBookingInPast
+    ...(isBookingInPast && !booking.eventType.allowReschedulingPastBookings
       ? []
       : [
           {
diff --git a/apps/web/lib/booking.ts b/apps/web/lib/booking.ts
index 97e9cef7b01b0c..13a95ac662cfe8 100644
--- a/apps/web/lib/booking.ts
+++ b/apps/web/lib/booking.ts
@@ -37,6 +37,7 @@ export const getEventTypesFromDB = async (id: number) => {
       price: true,
       currency: true,
       bookingFields: true,
+      allowReschedulingPastBookings: true,
       disableGuests: true,
       timeZone: true,
       profile: {
diff --git a/apps/web/lib/reschedule/[uid]/getServerSideProps.ts b/apps/web/lib/reschedule/[uid]/getServerSideProps.ts
index fe3974642fb30c..ef6ac935bdbaf9 100644
--- a/apps/web/lib/reschedule/[uid]/getServerSideProps.ts
+++ b/apps/web/lib/reschedule/[uid]/getServerSideProps.ts
@@ -57,6 +57,7 @@ export async function getServerSideProps(context: GetServerSidePropsContext) {
             },
           },
           slug: true,
+          allowReschedulingPastBookings: true,
           team: {
             select: {
               parentId: true,
@@ -131,7 +132,7 @@ export async function getServerSideProps(context: GetServerSidePropsContext) {
   });
 
   const isBookingInPast = booking.endTime && new Date(booking.endTime) < new Date();
-  if (isBookingInPast) {
+  if (isBookingInPast && !eventType.allowReschedulingPastBookings) {
     const destinationUrlSearchParams = new URLSearchParams();
     const responses = bookingSeat ? getSafe<string>(bookingSeat.data, ["responses"]) : booking.responses;
     const name = getSafe<string>(responses, ["name"]);
diff --git a/apps/web/modules/bookings/views/bookings-single-view.tsx b/apps/web/modules/bookings/views/bookings-single-view.tsx
index e2283033667bd7..5cb9fe155c8f34 100644
--- a/apps/web/modules/bookings/views/bookings-single-view.tsx
+++ b/apps/web/modules/bookings/views/bookings-single-view.tsx
@@ -730,22 +730,23 @@ export default function Success(props: PageProps) {
                             </span>
 
                             <>
-                              {!props.recurringBookings && !isBookingInPast && (
-                                <span className="text-default inline">
-                                  <span className="underline" data-testid="reschedule-link">
-                                    <Link
-                                      href={`/reschedule/${seatReferenceUid || bookingInfo?.uid}${
-                                        currentUserEmail
-                                          ? `?rescheduledBy=${encodeURIComponent(currentUserEmail)}`
-                                          : ""
-                                      }`}
-                                      legacyBehavior>
-                                      {t("reschedule")}
-                                    </Link>
+                              {!props.recurringBookings &&
+                                (!isBookingInPast || eventType.allowReschedulingPastBookings) && (
+                                  <span className="text-default inline">
+                                    <span className="underline" data-testid="reschedule-link">
+                                      <Link
+                                        href={`/reschedule/${seatReferenceUid || bookingInfo?.uid}${
+                                          currentUserEmail
+                                            ? `?rescheduledBy=${encodeURIComponent(currentUserEmail)}`
+                                            : ""
+                                        }`}
+                                        legacyBehavior>
+                                        {t("reschedule")}
+                                      </Link>
+                                    </span>
+                                    <span className="mx-2">{t("or_lowercase")}</span>
                                   </span>
-                                  <span className="mx-2">{t("or_lowercase")}</span>
-                                </span>
-                              )}
+                                )}
 
                               <button
                                 data-testid="cancel"
diff --git a/apps/web/playwright/reschedule.e2e.ts b/apps/web/playwright/reschedule.e2e.ts
index 09d365924b2bc1..ead6f8de70e07c 100644
--- a/apps/web/playwright/reschedule.e2e.ts
+++ b/apps/web/playwright/reschedule.e2e.ts
@@ -50,6 +50,53 @@ test.describe("Reschedule Tests", async () => {
     await booking.delete();
   });
 
+  test("Should not show reschedule and request reschedule option if booking in past and disallowed", async ({
+    page,
+    users,
+    bookings,
+  }) => {
+    const user = await users.create();
+    // eslint-disable-next-line @typescript-eslint/no-non-null-assertion
+    const booking = await bookings.create(user.id, user.username, user.eventTypes[0].id!, {
+      status: BookingStatus.ACCEPTED,
+      startTime: dayjs().subtract(2, "day").toDate(),
+      endTime: dayjs().subtract(2, "day").add(30, "minutes").toDate(),
+    });
+
+    await prisma.eventType.update({
+      where: {
+        id: user.eventTypes[0].id,
+      },
+      data: {
+        allowReschedulingPastBookings: true,
+      },
+    });
+
+    await user.apiLogin();
+    await page.goto("/bookings/past");
+
+    await page.locator('[data-testid="edit_booking"]').nth(0).click();
+
+    await expect(page.locator('[data-testid="reschedule"]')).toBeVisible();
+    await expect(page.locator('[data-testid="reschedule_request"]')).toBeVisible();
+
+    await prisma.eventType.update({
+      where: {
+        id: user.eventTypes[0].id,
+      },
+      data: {
+        allowReschedulingPastBookings: false,
+      },
+    });
+
+    await page.reload();
+
+    await page.locator('[data-testid="edit_booking"]').nth(0).click();
+
+    await expect(page.locator('[data-testid="reschedule"]')).toBeHidden();
+    await expect(page.locator('[data-testid="reschedule_request"]')).toBeHidden();
+  });
+
   test("Should display former time when rescheduling availability", async ({ page, users, bookings }) => {
     const user = await users.create();
     // eslint-disable-next-line @typescript-eslint/no-non-null-assertion
diff --git a/apps/web/public/static/locales/en/common.json b/apps/web/public/static/locales/en/common.json
index 4f90233a0222bd..83190cb49c0613 100644
--- a/apps/web/public/static/locales/en/common.json
+++ b/apps/web/public/static/locales/en/common.json
@@ -2907,6 +2907,8 @@
   "attribute_weight_enabled_description": "By enabling weights, it would be possible to assign higher priority to certain attributes per user. The higher the weight, the higher the priority.",
   "routed": "Routed",
   "reassigned": "Reassigned",
+  "allow_rescheduling_past_events": "Allow rescheduling past events",
+  "allow_rescheduling_past_events_description": "Enabling this option allows for past events to be rescheduled",
   "rerouted": "Rerouted",
   "salesforce_assigned": "Salesforce assignment",
   "router_position": "Router Position",
diff --git a/packages/features/eventtypes/components/tabs/advanced/EventAdvancedTab.tsx b/packages/features/eventtypes/components/tabs/advanced/EventAdvancedTab.tsx
index f8accfd479836e..fd07df2763a553 100644
--- a/packages/features/eventtypes/components/tabs/advanced/EventAdvancedTab.tsx
+++ b/packages/features/eventtypes/components/tabs/advanced/EventAdvancedTab.tsx
@@ -476,6 +476,7 @@ export const EventAdvancedTab = ({
   const eventTypeColorLocked = shouldLockDisableProps("eventTypeColor");
   const lockTimeZoneToggleOnBookingPageLocked = shouldLockDisableProps("lockTimeZoneToggleOnBookingPage");
   const multiplePrivateLinksLocked = shouldLockDisableProps("multiplePrivateLinks");
+  const reschedulingPastBookingsLocked = shouldLockDisableProps("allowReschedulingPastBookings");
   const { isLocked, ...eventNameLocked } = shouldLockDisableProps("eventName");
 
   if (isManagedEventType) {
@@ -893,6 +894,21 @@ export const EventAdvancedTab = ({
           />
         )}
       />
+      <Controller
+        name="allowReschedulingPastBookings"
+        render={({ field: { value, onChange } }) => (
+          <SettingsToggle
+            labelClassName={classNames("text-sm")}
+            toggleSwitchAtTheEnd={true}
+            switchContainerClassName={classNames("border-subtle rounded-lg border py-6 px-4 sm:px-6")}
+            title={t("allow_rescheduling_past_events")}
+            {...reschedulingPastBookingsLocked}
+            description={t("allow_rescheduling_past_events_description")}
+            checked={value}
+            onCheckedChange={(e) => onChange(e)}
+          />
+        )}
+      />
       <Controller
         name="eventTypeColor"
         render={() => (
diff --git a/packages/lib/defaultEvents.ts b/packages/lib/defaultEvents.ts
index 8a1061a78e9eda..9aeddef0b3433d 100644
--- a/packages/lib/defaultEvents.ts
+++ b/packages/lib/defaultEvents.ts
@@ -88,6 +88,7 @@ const commons = {
   seatsShowAttendees: null,
   seatsShowAvailabilityCount: null,
   onlyShowFirstAvailableSlot: false,
+  allowReschedulingPastBookings: false,
   id: 0,
   hideCalendarNotes: false,
   hideCalendarEventDetails: false,
diff --git a/packages/lib/server/eventTypeSelect.ts b/packages/lib/server/eventTypeSelect.ts
index 1afb1ad2c6168f..3c65195ff01ec8 100644
--- a/packages/lib/server/eventTypeSelect.ts
+++ b/packages/lib/server/eventTypeSelect.ts
@@ -35,6 +35,7 @@ export const eventTypeSelect = Prisma.validator<Prisma.EventTypeSelect>()({
   afterEventBuffer: true,
   seatsPerTimeSlot: true,
   onlyShowFirstAvailableSlot: true,
+  allowReschedulingPastBookings: true,
   seatsShowAttendees: true,
   seatsShowAvailabilityCount: true,
   scheduleId: true,
diff --git a/packages/lib/server/repository/eventType.ts b/packages/lib/server/repository/eventType.ts
index 9a52734ed1f677..761f9da5f5db93 100644
--- a/packages/lib/server/repository/eventType.ts
+++ b/packages/lib/server/repository/eventType.ts
@@ -501,6 +501,7 @@ export class EventTypeRepository {
       onlyShowFirstAvailableSlot: true,
       durationLimits: true,
       assignAllTeamMembers: true,
+      allowReschedulingPastBookings: true,
       assignRRMembersUsingSegment: true,
       rrSegmentQueryValue: true,
       isRRWeightsEnabled: true,
@@ -784,6 +785,7 @@ export class EventTypeRepository {
         periodStartDate: true,
         periodEndDate: true,
         onlyShowFirstAvailableSlot: true,
+        allowReschedulingPastBookings: true,
         periodCountCalendarDays: true,
         rescheduleWithSameRoundRobinHost: true,
         periodDays: true,
diff --git a/packages/lib/test/builder.ts b/packages/lib/test/builder.ts
index 2263f51e778099..c2df9e83d03fb9 100644
--- a/packages/lib/test/builder.ts
+++ b/packages/lib/test/builder.ts
@@ -146,6 +146,7 @@ export const buildEventType = (eventType?: Partial<EventType>): EventType => {
     rrSegmentQueryValue: null,
     autoTranslateDescriptionEnabled: false,
     useEventLevelSelectedCalendars: false,
+    allowReschedulingPastBookings: false,
     ...eventType,
   };
 };
diff --git a/packages/platform/atoms/event-types/hooks/useEventTypeForm.ts b/packages/platform/atoms/event-types/hooks/useEventTypeForm.ts
index 8aa7d04755bccb..cb01a90f45de86 100644
--- a/packages/platform/atoms/event-types/hooks/useEventTypeForm.ts
+++ b/packages/platform/atoms/event-types/hooks/useEventTypeForm.ts
@@ -90,6 +90,7 @@ export const useEventTypeForm = ({
       requiresConfirmationForFreeEmail: eventType.requiresConfirmationForFreeEmail,
       slotInterval: eventType.slotInterval,
       minimumBookingNotice: eventType.minimumBookingNotice,
+      allowReschedulingPastBookings: eventType.allowReschedulingPastBookings,
       metadata: eventType.metadata,
       hosts: eventType.hosts.sort((a, b) => sortHosts(a, b, eventType.isRRWeightsEnabled)),
       successRedirectUrl: eventType.successRedirectUrl || "",
diff --git a/packages/prisma/migrations/20241223163249_allow_rescheduling_past_booking_setting/migration.sql b/packages/prisma/migrations/20241223163249_allow_rescheduling_past_booking_setting/migration.sql
new file mode 100644
index 00000000000000..71384956ca4861
--- /dev/null
+++ b/packages/prisma/migrations/20241223163249_allow_rescheduling_past_booking_setting/migration.sql
@@ -0,0 +1,2 @@
+-- AlterTable
+ALTER TABLE "EventType" ADD COLUMN     "allowReschedulingPastBookings" BOOLEAN NOT NULL DEFAULT false;
diff --git a/packages/prisma/schema.prisma b/packages/prisma/schema.prisma
index f74af5f01d5f10..52cee38445cf72 100644
--- a/packages/prisma/schema.prisma
+++ b/packages/prisma/schema.prisma
@@ -166,6 +166,7 @@ model EventType {
   fieldTranslations                       EventTypeTranslation[]
   maxLeadThreshold                        Int?
   selectedCalendars                       SelectedCalendar[]
+  allowReschedulingPastBookings           Boolean                   @default(false)
 
   /// @zod.custom(imports.eventTypeColor)
   eventTypeColor                   Json?
diff --git a/packages/prisma/zod-utils.ts b/packages/prisma/zod-utils.ts
index 0475505e350788..df77a7244707a7 100644
--- a/packages/prisma/zod-utils.ts
+++ b/packages/prisma/zod-utils.ts
@@ -748,6 +748,7 @@ export const allManagedEventTypeProps: { [k in keyof Omit<Prisma.EventTypeSelect
   assignAllTeamMembers: true,
   isRRWeightsEnabled: true,
   eventTypeColor: true,
+  allowReschedulingPastBookings: true,
   rescheduleWithSameRoundRobinHost: true,
   maxLeadThreshold: true,
 };
diff --git a/packages/trpc/server/routers/viewer/bookings/get.handler.ts b/packages/trpc/server/routers/viewer/bookings/get.handler.ts
index 9c5bf083e7e44f..a55186b1949d4f 100644
--- a/packages/trpc/server/routers/viewer/bookings/get.handler.ts
+++ b/packages/trpc/server/routers/viewer/bookings/get.handler.ts
@@ -236,6 +236,7 @@ export async function getBookings({
         seatsShowAttendees: true,
         seatsShowAvailabilityCount: true,
         eventTypeColor: true,
+        allowReschedulingPastBookings: true,
         schedulingType: true,
         length: true,
         team: {
diff --git a/packages/trpc/server/routers/viewer/slots/util.ts b/packages/trpc/server/routers/viewer/slots/util.ts
index 2da2a8bbf32334..ff0a422dbe7dc0 100644
--- a/packages/trpc/server/routers/viewer/slots/util.ts
+++ b/packages/trpc/server/routers/viewer/slots/util.ts
@@ -716,6 +716,7 @@ async function getExistingBookings(
         seatsPerTimeSlot: true,
         requiresConfirmationWillBlockSlot: true,
         requiresConfirmation: true,
+        allowReschedulingPastBookings: true,
       },
     },
     ...(!!eventType?.seatsPerTimeSlot && {