diff --git a/qiskit_ibm_runtime/estimator.py b/qiskit_ibm_runtime/estimator.py
index 2a308a37a..50e15b562 100644
--- a/qiskit_ibm_runtime/estimator.py
+++ b/qiskit_ibm_runtime/estimator.py
@@ -209,6 +209,15 @@ def _validate_options(self, options: dict) -> None:
                 "a coupling map is required."
             )
 
+        if options.get("optimization_level", None):
+            issue_deprecation_msg(
+                msg="The 'optimization_level' option is deprecated",
+                version="0.25.0",
+                remedy="Instead, you can perform circuit optimization using Qiskit transpiler "
+                "or Qiskit transpiler service. "
+                "See https://docs.quantum.ibm.com/transpile for more information.",
+            )
+
     @classmethod
     def _program_id(cls) -> str:
         """Return the program ID."""
diff --git a/qiskit_ibm_runtime/options/estimator_options.py b/qiskit_ibm_runtime/options/estimator_options.py
index 67be9b08a..0cfa95eaf 100644
--- a/qiskit_ibm_runtime/options/estimator_options.py
+++ b/qiskit_ibm_runtime/options/estimator_options.py
@@ -60,19 +60,14 @@ class EstimatorOptions(OptionsV2):
 
             Default: ``None``.
 
-        optimization_level: How much optimization to perform on the circuits.
+        optimization_level: (DEPRECATED) How much optimization to perform on the circuits.
             Higher levels generate more optimized circuits,
             at the expense of longer processing times.
 
             * 0: no optimization
             * 1: light optimization
 
-            Refer to the
-            `Configure runtime compilation for Qiskit Runtime
-            <https://docs.quantum.ibm.com/run/configure-runtime-compilation>`_.
-            for more information about the optimization levels.
-
-            Default: 1.
+            Default: 0.
 
         resilience_level: How much resilience to build against errors.
             Higher levels generate more accurate results,
diff --git a/release-notes/unreleased/1748.deprecation.rst b/release-notes/unreleased/1748.deprecation.rst
new file mode 100644
index 000000000..72eab69f8
--- /dev/null
+++ b/release-notes/unreleased/1748.deprecation.rst
@@ -0,0 +1,2 @@
+The ``optimization_level`` option in ``EstimatorV2`` is deprecated.
+Instead, you can perform circuit optimization using the Qiskit transpiler or Qiskit transpiler service.
\ No newline at end of file
diff --git a/test/integration/test_estimator_v2.py b/test/integration/test_estimator_v2.py
index 574abd0e8..62ef546eb 100644
--- a/test/integration/test_estimator_v2.py
+++ b/test/integration/test_estimator_v2.py
@@ -78,7 +78,6 @@ def test_estimator_v2_options(self, service):
         estimator.options.default_precision = 0.05
         estimator.options.default_shots = 400
         estimator.options.resilience_level = 1
-        estimator.options.optimization_level = 1
         estimator.options.seed_estimator = 42
         estimator.options.resilience.measure_mitigation = True
         estimator.options.resilience.zne_mitigation = True
@@ -116,7 +115,6 @@ def test_pec(self, service):
 
         estimator = EstimatorV2(backend=backend)
         estimator.options.resilience_level = 0
-        estimator.options.optimization_level = 0
         estimator.options.resilience.pec_mitigation = True
         estimator.options.resilience.pec_max_overhead = 200
         estimator.options.simulator.set_backend(FakeAuckland())
diff --git a/test/unit/test_estimator_options.py b/test/unit/test_estimator_options.py
index 9a65df574..0750a1e08 100644
--- a/test/unit/test_estimator_options.py
+++ b/test/unit/test_estimator_options.py
@@ -251,3 +251,10 @@ def test_zero_resilience_level(self):
         options = backend.service.run.call_args.kwargs["inputs"]
         self.assertIn("resilience_level", options)
         self.assertEqual(options["resilience_level"], 0)
+
+    def test_optimization_level_deprecation(self):
+        """Test optimization level being deprecated."""
+        backend = get_mocked_backend()
+        estimator = Estimator(backend=backend, options={"optimization_level": 1})
+        with self.assertWarnsRegex(DeprecationWarning, r".*optimization_level.*"):
+            _ = estimator.run(**get_primitive_inputs(estimator))
diff --git a/test/unit/test_local_mode.py b/test/unit/test_local_mode.py
index c517b923c..a3302f4bf 100644
--- a/test/unit/test_local_mode.py
+++ b/test/unit/test_local_mode.py
@@ -185,7 +185,7 @@ def test_v2_estimator_with_accepted_options(self, backend):
         primitive=[SamplerV2, EstimatorV2], backend=[FakeManila(), FakeManilaV2(), AerSimulator()]
     )
     def test_primitive_v2_with_not_accepted_options(self, primitive, backend):
-        """Test V1 primitive with accepted options."""
+        """Test V2 primitive with not accepted options."""
         options = {
             "max_execution_time": 200,
             "dynamical_decoupling": {"enable": True},