diff --git a/docs/manifest.json b/docs/manifest.json
index 9d0954b6b4b441..4b4f6fbb73b9ef 100644
--- a/docs/manifest.json
+++ b/docs/manifest.json
@@ -713,6 +713,12 @@
 		"markdown_source": "../packages/components/src/checkbox-control/README.md",
 		"parent": "components"
 	},
+	{
+		"title": "CircularOptionPicker",
+		"slug": "circular-option-picker",
+		"markdown_source": "../packages/components/src/circular-option-picker/README.md",
+		"parent": "components"
+	},
 	{
 		"title": "ClipboardButton",
 		"slug": "clipboard-button",
diff --git a/packages/components/CHANGELOG.md b/packages/components/CHANGELOG.md
index 450c381a83c521..267c23bc8fcdf4 100644
--- a/packages/components/CHANGELOG.md
+++ b/packages/components/CHANGELOG.md
@@ -6,6 +6,10 @@
 
 -  `ToolsPanel`: Separate reset all filter registration from items registration and support global resets ([#48123](https://github.com/WordPress/gutenberg/pull/48123#pullrequestreview-1308386926)).
 
+### Internal
+
+-   `CircularOptionPicker`: Convert to TypeScript ([#47937](https://github.com/WordPress/gutenberg/pull/47937)).
+
 ## 23.4.0 (2023-02-15)
 
 ### Bug Fix
diff --git a/packages/components/src/circular-option-picker/README.md b/packages/components/src/circular-option-picker/README.md
new file mode 100644
index 00000000000000..122eca4fa56327
--- /dev/null
+++ b/packages/components/src/circular-option-picker/README.md
@@ -0,0 +1,141 @@
+# `CircularOptionPicker`
+
+<div class="callout callout-alert">
+This component is not exported, and therefore can only be used internally to the `@wordpress/components` package.
+</div>
+
+`CircularOptionPicker` is a component that displays a set of options as circular buttons.
+
+## Usage
+
+```jsx
+import { CircularOptionPicker } from '../circular-option-picker';
+import { useState } from '@wordpress/element';
+
+const Example = () => {
+	const [ currentColor, setCurrentColor ] = useState();
+	const colors = [
+		{ color: '#f00', name: 'Red' },
+		{ color: '#0f0', name: 'Green' },
+		{ color: '#00f', name: 'Blue' },
+	];
+	const colorOptions = (
+		<>
+			{ colors.map( ( { color, name }, index ) => {
+				return (
+					<CircularOptionPicker.Option
+						key={ `${ color }-${ index }` }
+						tooltipText={ name }
+						style={ { backgroundColor: color, color } }
+						isSelected={ index === currentColor }
+						onClick={ () => setCurrentColor( index ) }
+						aria-label={ name }
+					/>
+				);
+			} ) }
+		</>
+	);
+	return (
+		<CircularOptionPicker
+				options={ colorOptions }
+				actions={
+					<CircularOptionPicker.ButtonAction
+						onClick={ () => setCurrentColor( undefined ) }
+					>
+						{ 'Clear' }
+					</CircularOptionPicker.ButtonAction>
+				}
+			/>
+	);
+};
+```
+
+## Props
+
+### `className`: `string`
+
+A CSS class to apply to the wrapper element.
+
+- Required: No
+
+### `actions`: `ReactNode`
+
+The action(s) to be rendered after the options, such as a 'clear' button as seen in `ColorPalette`.
+
+Usually a `CircularOptionPicker.ButtonAction` or `CircularOptionPicker.DropdownLinkAction` component.
+
+- Required: No
+
+### `options`: `ReactNode`
+
+The options to be rendered, such as color swatches.
+
+Usually a `CircularOptionPicker.Option` component.
+
+- Required: No
+
+### `children`: `ReactNode`
+
+The child elements.
+
+- Required: No
+
+## Subcomponents
+
+### `CircularOptionPicker.ButtonAction`
+
+A `ButtonAction` is an action that is rendered as a button alongside the options themselves.
+
+A common use case is a 'clear' button to deselect the currently selected option.
+
+#### Props
+
+##### `className`: `string`
+
+A CSS class to apply to the underlying `Button` component.
+
+- Required: No
+
+##### `children`: `ReactNode`
+
+The button's children.
+
+- Required: No
+
+##### Inherited props
+
+`CircularOptionPicker.ButtonAction` also inherits all of the [`Button` props](/packages/components/src/button/README.md#props), except for `href` and `target`.
+
+### `CircularOptionPicker.DropdownLinkAction`
+
+`CircularOptionPicker.DropdownLinkAction` is an action that's hidden behind a dropdown toggle. The button is formatted as a link and rendered as an `anchor` element.
+
+#### Props
+
+##### `className`: `string`
+
+A CSS class to apply to the underlying `Dropdown` component.
+
+- Required: No
+
+##### `linkText`: `string`
+
+The text to be displayed on the button.
+
+- Required: Yes
+
+##### `dropdownProps`: `object`
+
+The props for the underlying `Dropdown` component.
+
+Inherits all of the [`Dropdown` props](/packages/components/src/dropdown/README.md#props), except for `className` and `renderToggle`.
+
+- Required: Yes
+
+##### `buttonProps`: `object`
+
+Props for the underlying `Button` component.
+
+Inherits all of the [`Button` props](/packages/components/src/button/README.md#props), except for `href`, `target`, and `children`. 
+
+- Required: No
diff --git a/packages/components/src/circular-option-picker/index.js b/packages/components/src/circular-option-picker/index.tsx
similarity index 50%
rename from packages/components/src/circular-option-picker/index.js
rename to packages/components/src/circular-option-picker/index.tsx
index f41813906fcaba..1736d2227ee770 100644
--- a/packages/components/src/circular-option-picker/index.js
+++ b/packages/components/src/circular-option-picker/index.tsx
@@ -1,4 +1,3 @@
-// @ts-nocheck
 /**
  * External dependencies
  */
@@ -15,15 +14,21 @@ import { Icon, check } from '@wordpress/icons';
 import Button from '../button';
 import Dropdown from '../dropdown';
 import Tooltip from '../tooltip';
+import type {
+	CircularOptionPickerProps,
+	DropdownLinkActionProps,
+	OptionProps,
+} from './types';
+import type { WordPressComponentProps } from '../ui/context';
+import type { ButtonAsButtonProps } from '../button/types';
 
-function Option( props ) {
-	const {
-		className,
-		isSelected,
-		selectedIconProps,
-		tooltipText,
-		...additionalProps
-	} = props;
+export function Option( {
+	className,
+	isSelected,
+	selectedIconProps,
+	tooltipText,
+	...additionalProps
+}: OptionProps ) {
 	const optionButton = (
 		<Button
 			isPressed={ isSelected }
@@ -53,8 +58,12 @@ function Option( props ) {
 	);
 }
 
-function DropdownLinkAction( props ) {
-	const { buttonProps, className, dropdownProps, linkText } = props;
+export function DropdownLinkAction( {
+	buttonProps,
+	className,
+	dropdownProps,
+	linkText,
+}: DropdownLinkActionProps ) {
 	return (
 		<Dropdown
 			className={ classnames(
@@ -77,8 +86,11 @@ function DropdownLinkAction( props ) {
 	);
 }
 
-function ButtonAction( props ) {
-	const { className, children, ...additionalProps } = props;
+export function ButtonAction( {
+	className,
+	children,
+	...additionalProps
+}: WordPressComponentProps< ButtonAsButtonProps, 'button', false > ) {
 	return (
 		<Button
 			className={ classnames(
@@ -93,7 +105,53 @@ function ButtonAction( props ) {
 	);
 }
 
-export default function CircularOptionPicker( props ) {
+/**
+ *`CircularOptionPicker` is a component that displays a set of options as circular buttons.
+ *
+ * ```jsx
+ * import { CircularOptionPicker } from '../circular-option-picker';
+ * import { useState } from '@wordpress/element';
+ *
+ * const Example = () => {
+ * 	const [ currentColor, setCurrentColor ] = useState();
+ * 	const colors = [
+ * 		{ color: '#f00', name: 'Red' },
+ * 		{ color: '#0f0', name: 'Green' },
+ * 		{ color: '#00f', name: 'Blue' },
+ * 	];
+ * 	const colorOptions = (
+ * 		<>
+ * 			{ colors.map( ( { color, name }, index ) => {
+ * 				return (
+ * 					<CircularOptionPicker.Option
+ * 						key={ `${ color }-${ index }` }
+ * 						tooltipText={ name }
+ * 						style={ { backgroundColor: color, color } }
+ * 						isSelected={ index === currentColor }
+ * 						onClick={ () => setCurrentColor( index ) }
+ * 						aria-label={ name }
+ * 					/>
+ * 				);
+ * 			} ) }
+ * 		</>
+ * 	);
+ * 	return (
+ * 		<CircularOptionPicker
+ * 				options={ colorOptions }
+ * 				actions={
+ * 					<CircularOptionPicker.ButtonAction
+ * 						onClick={ () => setCurrentColor( undefined ) }
+ * 					>
+ * 						{ 'Clear' }
+ * 					</CircularOptionPicker.ButtonAction>
+ * 				}
+ * 			/>
+ * 	);
+ * };
+ * ```
+ */
+
+function CircularOptionPicker( props: CircularOptionPickerProps ) {
 	const { actions, className, options, children } = props;
 	return (
 		<div
@@ -118,3 +176,5 @@ export default function CircularOptionPicker( props ) {
 CircularOptionPicker.Option = Option;
 CircularOptionPicker.ButtonAction = ButtonAction;
 CircularOptionPicker.DropdownLinkAction = DropdownLinkAction;
+
+export default CircularOptionPicker;
diff --git a/packages/components/src/circular-option-picker/stories/index.tsx b/packages/components/src/circular-option-picker/stories/index.tsx
new file mode 100644
index 00000000000000..a2e1bb5b0e482b
--- /dev/null
+++ b/packages/components/src/circular-option-picker/stories/index.tsx
@@ -0,0 +1,134 @@
+/**
+ * External dependencies
+ */
+import type { ComponentMeta, ComponentStory } from '@storybook/react';
+/**
+ * WordPress dependencies
+ */
+import { useState, createContext, useContext } from '@wordpress/element';
+/**
+ * Internal dependencies
+ */
+import {
+	default as CircularOptionPicker,
+	ButtonAction,
+	DropdownLinkAction,
+	Option,
+} from '..';
+
+const CircularOptionPickerStoryContext = createContext< {
+	currentColor?: string;
+	setCurrentColor?: ( v: string | undefined ) => void;
+} >( {} );
+
+const meta: ComponentMeta< typeof CircularOptionPicker > = {
+	title: 'Components/CircularOptionPicker',
+	component: CircularOptionPicker,
+	subcomponents: {
+		'CircularOptionPicker.Option': Option,
+		'CircularOptionPicker.ButtonAction': ButtonAction,
+		'CircularOptionPicker.DropdownLinkAction': DropdownLinkAction,
+	},
+	argTypes: {
+		actions: { control: { type: null } },
+		options: { control: { type: null } },
+		children: { control: { type: 'text' } },
+	},
+	parameters: {
+		actions: { argTypesRegex: '^on.*' },
+		controls: { expanded: true },
+		docs: { source: { state: 'open', excludeDecorators: true } },
+	},
+	decorators: [
+		// Share current color state between main component, `actions` and `options`
+		( Story ) => {
+			const [ currentColor, setCurrentColor ] = useState< string >();
+
+			return (
+				<CircularOptionPickerStoryContext.Provider
+					value={ {
+						currentColor,
+						setCurrentColor,
+					} }
+				>
+					<Story />
+				</CircularOptionPickerStoryContext.Provider>
+			);
+		},
+	],
+};
+export default meta;
+
+const colors = [
+	{ color: '#f00', name: 'Red' },
+	{ color: '#0f0', name: 'Green' },
+	{ color: '#0af', name: 'Blue' },
+];
+
+const DefaultOptions = () => {
+	const { currentColor, setCurrentColor } = useContext(
+		CircularOptionPickerStoryContext
+	);
+
+	return (
+		<>
+			{ colors.map( ( { color, name }, index ) => {
+				return (
+					<CircularOptionPicker.Option
+						key={ `${ color }-${ index }` }
+						tooltipText={ name }
+						style={ { backgroundColor: color, color } }
+						isSelected={ color === currentColor }
+						onClick={ () => {
+							setCurrentColor?.( color );
+						} }
+						aria-label={ name }
+					/>
+				);
+			} ) }
+		</>
+	);
+};
+
+const DefaultActions = () => {
+	const { setCurrentColor } = useContext( CircularOptionPickerStoryContext );
+
+	return (
+		<CircularOptionPicker.ButtonAction
+			onClick={ () => setCurrentColor?.( undefined ) }
+		>
+			{ 'Clear' }
+		</CircularOptionPicker.ButtonAction>
+	);
+};
+
+const Template: ComponentStory< typeof CircularOptionPicker > = ( props ) => (
+	<CircularOptionPicker { ...props } />
+);
+
+export const Default = Template.bind( {} );
+Default.args = { options: <DefaultOptions /> };
+
+export const WithButtonAction = Template.bind( {} );
+WithButtonAction.args = {
+	...Default.args,
+	actions: <DefaultActions />,
+};
+WithButtonAction.storyName = 'With ButtonAction';
+
+export const WithDropdownLinkAction = Template.bind( {} );
+WithDropdownLinkAction.args = {
+	...Default.args,
+	actions: (
+		<CircularOptionPicker.DropdownLinkAction
+			dropdownProps={ {
+				popoverProps: { position: 'top right' },
+				renderContent: () => (
+					<div>This is an example of a DropdownLinkAction.</div>
+				),
+			} }
+			linkText="Learn More"
+		></CircularOptionPicker.DropdownLinkAction>
+	),
+};
+WithDropdownLinkAction.storyName = 'With DropdownLinkAction';
diff --git a/packages/components/src/circular-option-picker/types.ts b/packages/components/src/circular-option-picker/types.ts
new file mode 100644
index 00000000000000..c3791a42108cd5
--- /dev/null
+++ b/packages/components/src/circular-option-picker/types.ts
@@ -0,0 +1,69 @@
+/**
+ * External dependencies
+ */
+import type { ReactNode } from 'react';
+
+/**
+ * WordPress dependencies
+ */
+import type { Icon } from '@wordpress/icons';
+
+/**
+ * Internal dependencies
+ */
+import type { ButtonAsButtonProps } from '../button/types';
+import type Dropdown from '../dropdown';
+import type { WordPressComponentProps } from '../ui/context';
+
+export type CircularOptionPickerProps = {
+	/**
+	 * A CSS class to apply to the wrapper element.
+	 */
+	className?: string;
+	/**
+	 * The action(s) to be rendered after the options,
+	 * such as a 'clear' button as seen in `ColorPalette`.
+	 * Usually a `CircularOptionPicker.ButtonAction` or
+	 * `CircularOptionPicker.DropdownLinkAction` component.
+	 */
+	actions?: ReactNode;
+	/**
+	 * The options to be rendered, such as color swatches.
+	 * Usually a `CircularOptionPicker.Option` component.
+	 */
+	options: ReactNode;
+	/**
+	 * The child elements.
+	 */
+	children?: ReactNode;
+};
+
+export type DropdownLinkActionProps = {
+	buttonProps?: Omit<
+		WordPressComponentProps< ButtonAsButtonProps, 'button', false >,
+		'children'
+	>;
+	linkText: string;
+	dropdownProps: Omit<
+		React.ComponentProps< typeof Dropdown >,
+		'className' | 'renderToggle'
+	>;
+	className?: string;
+};
+
+export type OptionProps = Omit<
+	WordPressComponentProps< ButtonAsButtonProps, 'button', false >,
+	'isPressed' | 'className'
+> & {
+	className?: string;
+	tooltipText?: string;
+	isSelected: boolean;
+	// `icon` is explicitly defined as 'check' by CircleOptionPicker.Option
+	// and is not intended to be overridden.
+	// `size` relies on the `Icon` component's default size of `24` to fit
+	// `CircularOptionPicker`'s design, and should not be explicitly set.
+	selectedIconProps?: Omit<
+		React.ComponentProps< typeof Icon >,
+		'icon' | 'size'
+	>;
+};