diff --git a/processor/schemaprocessor/config.go b/processor/schemaprocessor/config.go
index 0c1d194fc61b..e77a885270b4 100644
--- a/processor/schemaprocessor/config.go
+++ b/processor/schemaprocessor/config.go
@@ -15,6 +15,12 @@
 package schemaprocessor // import "github.com/open-telemetry/opentelemetry-collector-contrib/processor/schemaprocessor"
 
 import (
+	"errors"
+	"fmt"
+	"net/url"
+	"strings"
+
+	"github.com/Masterminds/semver/v3"
 	"go.opentelemetry.io/collector/config"
 )
 
@@ -39,5 +45,58 @@ var _ config.Processor = (*Config)(nil)
 
 // Validate checks if the processor configuration is valid
 func (cfg *Config) Validate() error {
+
+	if len(cfg.Transform) == 0 {
+		return fmt.Errorf("'transform' must contain at least one element")
+	}
+
+	for _, transform := range cfg.Transform {
+		if len(transform.From) == 0 {
+			return fmt.Errorf("'from' Schema URL must be specified")
+		}
+		if len(transform.To) == 0 {
+			return fmt.Errorf("'to' Schema URL must be specified")
+		}
+
+		if transform.From == transform.To {
+			return fmt.Errorf("'from' and 'to' Schema URLs must be different (%s)", transform.From)
+		}
+
+		fromFamily, _, err := splitSchemaURL(transform.From)
+		if err != nil {
+			return err
+		}
+
+		toFamily, toVersion, err := splitSchemaURL(transform.To)
+		if err != nil {
+			return err
+		}
+
+		if fromFamily != toFamily {
+			return fmt.Errorf("'from' and 'to' Schema Families do not match (%s, %s)", transform.From, transform.To)
+		}
+
+		_, err = semver.StrictNewVersion(toVersion)
+		if err != nil {
+			return fmt.Errorf("'to' Schema URL is invalid, must end with version number (%s)", transform.To)
+		}
+	}
+
 	return nil
 }
+
+func splitSchemaURL(schemaURL string) (family string, version string, err error) {
+	_, err = url.Parse(schemaURL)
+	if err != nil {
+		return "", "", err
+	}
+
+	i := strings.LastIndex(schemaURL, "/")
+	if i < 0 {
+		return "", "", errors.New("invalid schema URL, must have at least one forward slash")
+	}
+
+	family = schemaURL[0:i]
+	version = schemaURL[i+1:]
+	return
+}
diff --git a/processor/schemaprocessor/config_test.go b/processor/schemaprocessor/config_test.go
index 36b2e1370ac0..617d9bd50059 100644
--- a/processor/schemaprocessor/config_test.go
+++ b/processor/schemaprocessor/config_test.go
@@ -38,6 +38,24 @@ func TestLoadingConfig(t *testing.T) {
 	p0 := cfg.Processors[config.NewComponentIDWithName(typeStr, "")]
 	assert.Equal(t, p0, &Config{
 		ProcessorSettings: config.NewProcessorSettings(config.NewComponentIDWithName(typeStr, "")),
+		Transform:         []TransformConfig{{From: "https://opentelemetry.io/schemas/1.*", To: "https://opentelemetry.io/schemas/1.9.0"}},
 	})
+}
+
+func TestInvalidConfig(t *testing.T) {
+	cfgs := []Config{
+		{
+			Transform: []TransformConfig{},
+		},
+		{
+			Transform: []TransformConfig{
+				{From: "", To: ""},
+			},
+		},
+	}
 
+	for _, cfg := range cfgs {
+		err := cfg.Validate()
+		assert.Error(t, err)
+	}
 }
diff --git a/processor/schemaprocessor/factory.go b/processor/schemaprocessor/factory.go
index 733ea6a42547..798d91a00902 100644
--- a/processor/schemaprocessor/factory.go
+++ b/processor/schemaprocessor/factory.go
@@ -44,12 +44,12 @@ type factory struct {
 	schemas    map[string]*ast.Schema
 }
 
-// NewFactory returns a new factory for the Attributes processor.
+// NewFactory returns a new factory for the schema processor.
 func NewFactory() component.ProcessorFactory {
 	return newFactoryWithFetcher(downloadSchema)
 }
 
-func newFactory(schemaFetcher schemaFetcherFunc) *factory {
+func newFactoryStruct(schemaFetcher schemaFetcherFunc) *factory {
 	return &factory{
 		schemaFetcher: schemaFetcher,
 		schemas:       map[string]*ast.Schema{},
@@ -57,7 +57,7 @@ func newFactory(schemaFetcher schemaFetcherFunc) *factory {
 }
 
 func newFactoryWithFetcher(schemaFetcher schemaFetcherFunc) component.ProcessorFactory {
-	f := newFactory(schemaFetcher)
+	f := newFactoryStruct(schemaFetcher)
 	return component.NewProcessorFactory(
 		typeStr,
 		createDefaultConfig,
@@ -124,14 +124,14 @@ func downloadSchema(context context.Context, schemaURL string) (*ast.Schema, err
 }
 
 func (f *factory) createTracesProcessor(
-	_ context.Context,
+	ctx context.Context,
 	_ component.ProcessorCreateSettings,
 	cfg config.Processor,
 	nextConsumer consumer.Traces,
 ) (component.TracesProcessor, error) {
 	oCfg := cfg.(*Config)
 
-	p := newSchemaProcessor(f, oCfg)
+	p := newSchemaProcessor(ctx, f, oCfg)
 
 	return processorhelper.NewTracesProcessor(
 		cfg,
@@ -141,14 +141,14 @@ func (f *factory) createTracesProcessor(
 }
 
 func (f *factory) createMetricsProcessor(
-	_ context.Context,
+	ctx context.Context,
 	_ component.ProcessorCreateSettings,
 	cfg config.Processor,
 	nextConsumer consumer.Metrics,
 ) (component.MetricsProcessor, error) {
 	oCfg := cfg.(*Config)
 
-	p := newSchemaProcessor(f, oCfg)
+	p := newSchemaProcessor(ctx, f, oCfg)
 
 	return processorhelper.NewMetricsProcessor(
 		cfg,
@@ -158,14 +158,14 @@ func (f *factory) createMetricsProcessor(
 }
 
 func (f *factory) createLogProcessor(
-	_ context.Context,
+	ctx context.Context,
 	_ component.ProcessorCreateSettings,
 	cfg config.Processor,
 	nextConsumer consumer.Logs,
 ) (component.LogsProcessor, error) {
 	oCfg := cfg.(*Config)
 
-	p := newSchemaProcessor(f, oCfg)
+	p := newSchemaProcessor(ctx, f, oCfg)
 
 	return processorhelper.NewLogsProcessor(
 		cfg,
diff --git a/processor/schemaprocessor/factory_test.go b/processor/schemaprocessor/factory_test.go
index af075885b0fc..2d6064cd7ca4 100644
--- a/processor/schemaprocessor/factory_test.go
+++ b/processor/schemaprocessor/factory_test.go
@@ -58,7 +58,7 @@ func readTestSchema(_ context.Context, schemaURL string) (*ast.Schema, error) {
 }
 
 func TestFactory_GetSchemaConcurrently(t *testing.T) {
-	factory := newFactory(readTestSchema)
+	factory := newFactoryStruct(readTestSchema)
 
 	wg := sync.WaitGroup{}
 	var firstSchema *ast.Schema
@@ -84,7 +84,7 @@ func TestFactory_GetSchemaConcurrently(t *testing.T) {
 }
 
 func TestFactory_GetSchemaFail(t *testing.T) {
-	factory := newFactory(readTestSchema)
+	factory := newFactoryStruct(readTestSchema)
 	schema, err := factory.getSchema(
 		context.Background(), "https://opentelemetry.io/schemas/11.22.33",
 	)
@@ -100,7 +100,7 @@ func readBlockSchema(context context.Context, _ string) (*ast.Schema, error) {
 }
 
 func TestFactory_GetSchemaCancel(t *testing.T) {
-	factory := newFactory(readBlockSchema)
+	factory := newFactoryStruct(readBlockSchema)
 
 	ctx, cancelFunc := context.WithCancel(context.Background())
 
@@ -131,6 +131,14 @@ func TestFactory_GetSchemaCancel(t *testing.T) {
 func TestFactory_ConsumeLogs(t *testing.T) {
 	factory := newFactoryWithFetcher(readTestSchema)
 	cfg := factory.CreateDefaultConfig()
+	pCfg := cfg.(*Config)
+	pCfg.Transform = []TransformConfig{
+		{
+			From: "https://opentelemetry.io/schemas/1.*",
+			To:   "https://opentelemetry.io/schemas/1.7.0",
+		},
+	}
+
 	sink := &consumertest.LogsSink{}
 	proc, err := factory.CreateLogsProcessor(context.Background(), component.ProcessorCreateSettings{}, cfg, sink)
 	require.NoError(t, err)
diff --git a/processor/schemaprocessor/processor.go b/processor/schemaprocessor/processor.go
index b310fe730157..bfa80058d66c 100644
--- a/processor/schemaprocessor/processor.go
+++ b/processor/schemaprocessor/processor.go
@@ -10,7 +10,11 @@ type schemaProcessor struct {
 	factory *factory
 }
 
-func newSchemaProcessor(factory *factory, _ *Config) *schemaProcessor {
+func newSchemaProcessor(ctx context.Context, factory *factory, cfg *Config) *schemaProcessor {
+	// Start prefetching schemas specified in the config.
+	for _, transform := range cfg.Transform {
+		go factory.getSchema(ctx, transform.To)
+	}
 	return &schemaProcessor{factory: factory}
 }
 
diff --git a/processor/schemaprocessor/testdata/config.yaml b/processor/schemaprocessor/testdata/config.yaml
index b44f4357826a..ee9de69a5c57 100644
--- a/processor/schemaprocessor/testdata/config.yaml
+++ b/processor/schemaprocessor/testdata/config.yaml
@@ -1,5 +1,14 @@
 processors:
   schema:
+    transform:
+      # A set of one or more transform rules.
+      # "from" defines the Schema URL to match the input data. Must be either a full
+      # Schema URL with version number or a wildcard URL where version number can be partial.
+      - from: https://opentelemetry.io/schemas/1.*
+        # "to" defines the Schema URL to transform the input data to. MUST belong to the
+        # same Schema Family as the "from" setting. MUST be a Schema URL with a specific
+        # version number, wildcards are not allowed.
+        to: https://opentelemetry.io/schemas/1.9.0
 
 receivers:
   nop: