diff --git a/CHANGELOG.md b/CHANGELOG.md
index 617f9c97ec..9e7c45320d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -16,6 +16,7 @@ We use *breaking :warning:* to mark changes that are not backward compatible (re
 
 - [#7907](https://github.com/thanos-io/thanos/pull/7907) Receive: Add `--receive.grpc-service-config` flag to configure gRPC service config for the receivers.
 - [#7961](https://github.com/thanos-io/thanos/pull/7961) Store Gateway: Add `--store.posting-group-max-keys` flag to mark posting group as lazy if it exceeds number of keys limit. Added `thanos_bucket_store_lazy_expanded_posting_groups_total` for total number of lazy posting groups and corresponding reasons.
+- [#7997](https://github.com/thanos-io/thanos/pull/7997) Tools: Add `--concurrency` flag to the `replicate` command to allow controlling the concurrency for copying blocks.
 - [#8000](https://github.com/thanos-io/thanos/pull/8000) Query: Bump promql-engine, pass partial response through options
 
 ### Changed
diff --git a/cmd/thanos/tools_bucket.go b/cmd/thanos/tools_bucket.go
index e0391af15b..25266135a7 100644
--- a/cmd/thanos/tools_bucket.go
+++ b/cmd/thanos/tools_bucket.go
@@ -129,6 +129,7 @@ type bucketReplicateConfig struct {
 	compactMin  int
 	compactMax  int
 	compactions []int
+	concurrency int
 	matcherStrs string
 	singleRun   bool
 }
@@ -225,6 +226,8 @@ func (tbc *bucketReplicateConfig) registerBucketReplicateFlag(cmd extkingpin.Fla
 
 	cmd.Flag("compaction", "Only blocks with these compaction levels will be replicated. Repeated flag. Overrides compaction-min and compaction-max if set.").Default().IntsVar(&tbc.compactions)
 
+	cmd.Flag("concurrency", "The concurrency with which to replicate blocks from the source to the destination bucket.").Default("1").IntVar(&tbc.concurrency)
+
 	cmd.Flag("matcher", "blocks whose external labels match this matcher will be replicated. All Prometheus matchers are supported, including =, !=, =~ and !~.").StringVar(&tbc.matcherStrs)
 
 	cmd.Flag("single-run", "Run replication only one time, then exit.").Default("false").BoolVar(&tbc.singleRun)
@@ -779,6 +782,7 @@ func registerBucketReplicate(app extkingpin.AppClause, objStoreConfig *extflag.P
 			matchers,
 			resolutionLevels,
 			tbc.compactions,
+			tbc.concurrency,
 			objStoreConfig,
 			toObjStoreConfig,
 			tbc.singleRun,
diff --git a/docs/components/tools.md b/docs/components/tools.md
index 7e34ab4c27..07ddfea2f4 100644
--- a/docs/components/tools.md
+++ b/docs/components/tools.md
@@ -588,6 +588,8 @@ Flags:
                                 level will be replicated.
       --compaction-min=1        Only blocks with at least this compaction level
                                 will be replicated.
+      --concurrency=1           The concurrency with which to replicate blocks
+                                from the source to the destination bucket.
       --enable-auto-gomemlimit  Enable go runtime to automatically limit memory
                                 consumption.
   -h, --help                    Show context-sensitive help (also try
diff --git a/pkg/replicate/replicator.go b/pkg/replicate/replicator.go
index dc9e804f56..6ce259ecc7 100644
--- a/pkg/replicate/replicator.go
+++ b/pkg/replicate/replicator.go
@@ -70,6 +70,7 @@ func RunReplicate(
 	labelSelector labels.Selector,
 	resolutions []compact.ResolutionLevel,
 	compactions []int,
+	concurrency int,
 	fromObjStoreConfig *extflag.PathOrContent,
 	toObjStoreConfig *extflag.PathOrContent,
 	singleRun bool,
@@ -188,7 +189,7 @@ func RunReplicate(
 		logger := log.With(logger, "replication-run-id", runID.String())
 		level.Info(logger).Log("msg", "running replication attempt")
 
-		if err := newReplicationScheme(logger, metrics, blockFilter, fetcher, fromBkt, toBkt, reg).execute(ctx); err != nil {
+		if err := newReplicationScheme(logger, metrics, blockFilter, fetcher, fromBkt, toBkt, concurrency, reg).execute(ctx); err != nil {
 			return errors.Wrap(err, "replication execute")
 		}
 
diff --git a/pkg/replicate/scheme.go b/pkg/replicate/scheme.go
index 31249fbf77..cdd6103752 100644
--- a/pkg/replicate/scheme.go
+++ b/pkg/replicate/scheme.go
@@ -11,6 +11,8 @@ import (
 	"path"
 	"sort"
 
+	"golang.org/x/sync/errgroup"
+
 	"github.com/go-kit/log"
 	"github.com/go-kit/log/level"
 	"github.com/oklog/ulid"
@@ -109,8 +111,9 @@ type blockFilterFunc func(b *metadata.Meta) bool
 
 // TODO: Add filters field.
 type replicationScheme struct {
-	fromBkt objstore.InstrumentedBucketReader
-	toBkt   objstore.Bucket
+	fromBkt     objstore.InstrumentedBucketReader
+	toBkt       objstore.Bucket
+	concurrency int
 
 	blockFilter blockFilterFunc
 	fetcher     thanosblock.MetadataFetcher
@@ -152,6 +155,7 @@ func newReplicationScheme(
 	fetcher thanosblock.MetadataFetcher,
 	from objstore.InstrumentedBucketReader,
 	to objstore.Bucket,
+	concurrency int,
 	reg prometheus.Registerer,
 ) *replicationScheme {
 	if logger == nil {
@@ -164,6 +168,7 @@ func newReplicationScheme(
 		fetcher:     fetcher,
 		fromBkt:     from,
 		toBkt:       to,
+		concurrency: concurrency,
 		metrics:     metrics,
 		reg:         reg,
 	}
@@ -194,13 +199,21 @@ func (rs *replicationScheme) execute(ctx context.Context) error {
 		return availableBlocks[i].BlockMeta.MinTime < availableBlocks[j].BlockMeta.MinTime
 	})
 
-	for _, b := range availableBlocks {
-		if err := rs.ensureBlockIsReplicated(ctx, b.BlockMeta.ULID); err != nil {
-			return errors.Wrapf(err, "ensure block %v is replicated", b.BlockMeta.ULID.String())
-		}
+	var g errgroup.Group
+	if rs.concurrency > 0 {
+		g.SetLimit(rs.concurrency)
+	}
+	for i := range availableBlocks {
+		b := availableBlocks[i]
+		g.Go(func() error {
+			if err := rs.ensureBlockIsReplicated(ctx, b.BlockMeta.ULID); err != nil {
+				return errors.Wrapf(err, "ensure block %v is replicated", b.BlockMeta.ULID.String())
+			}
+			return nil
+		})
 	}
 
-	return nil
+	return g.Wait()
 }
 
 // ensureBlockIsReplicated ensures that a block present in the origin bucket is
diff --git a/pkg/replicate/scheme_test.go b/pkg/replicate/scheme_test.go
index 6f7f3c4e12..d0767554a3 100644
--- a/pkg/replicate/scheme_test.go
+++ b/pkg/replicate/scheme_test.go
@@ -393,7 +393,7 @@ func TestReplicationSchemeAll(t *testing.T) {
 		)
 		testutil.Ok(t, err)
 
-		r := newReplicationScheme(logger, newReplicationMetrics(nil), filter, fetcher, objstore.WithNoopInstr(originBucket), targetBucket, nil)
+		r := newReplicationScheme(logger, newReplicationMetrics(nil), filter, fetcher, objstore.WithNoopInstr(originBucket), targetBucket, 1, nil)
 
 		err = r.execute(ctx)
 		testutil.Ok(t, err)