diff --git a/.changeset/slimy-tips-smash.md b/.changeset/slimy-tips-smash.md
new file mode 100644
index 00000000000..b99b7631d3e
--- /dev/null
+++ b/.changeset/slimy-tips-smash.md
@@ -0,0 +1,5 @@
+---
+'@shopify/polaris': minor
+---
+
+Deprecated `heading2xl` and `heading3xl` variants in `Text` component
diff --git a/documentation/Deprecation guidelines.md b/documentation/Deprecation guidelines.md
index 89668d53927..324785cbeb2 100644
--- a/documentation/Deprecation guidelines.md	
+++ b/documentation/Deprecation guidelines.md	
@@ -42,6 +42,26 @@ Follow these guidelines for deprecating [components](#components), [props](#prop
 ## Prop values
 
 - Mark the prop value(s) as deprecated
+
+  - Add a console.warn() for deprecated prop value(s) to component
+
+  ```tsx
+  const deprecatedVariants: {[V in Variant]?: Variant} = {
+    heading2xl: 'headingXl',
+    heading3xl: 'headingXl',
+  };
+
+  if (
+    process.env.NODE_ENV === 'development' &&
+    variant &&
+    Object.prototype.hasOwnProperty.call(deprecatedVariants, variant)
+  ) {
+    console.warn(
+      `Deprecation: <Text variant="${variant}" />. The value "${variant}" will be removed in a future major version of Polaris. Use "${deprecatedVariants[variant]}" instead.`,
+    );
+  }
+  ```
+
   - Add component, prop, and deprecated prop value(s) to `componentUnionTypeDeprecations` ([example](https://github.com/Shopify/polaris/tree/main/polaris.shopify.com/pages/components/%5Bgroup%5D/%5Bcomponent%5D/index.tsx#L80))
     ```tsx
     const componentUnionTypeDeprecations: {
@@ -55,6 +75,7 @@ Follow these guidelines for deprecating [components](#components), [props](#prop
     };
     ```
   - Check documentation is updated on polaris.shopify.com
+
 - Create automated migration(s) ([examples](https://github.com/Shopify/polaris/tree/main/polaris-migrator/src/migrations))
 - Add supporting documentation for deprecation in next major version guide ([examples](https://github.com/Shopify/polaris/tree/main/polaris.shopify.com/content/version-guides/migrating-from-v11-to-v12.mdx#L122))
   - Document deprecation reason
diff --git a/polaris-react/src/components/Text/Text.tsx b/polaris-react/src/components/Text/Text.tsx
index 400caa9f73e..666acf3d7d3 100644
--- a/polaris-react/src/components/Text/Text.tsx
+++ b/polaris-react/src/components/Text/Text.tsx
@@ -47,6 +47,10 @@ type Tone =
 
 type TextDecorationLine = 'line-through';
 
+const deprecatedVariants: {[V in Variant]?: Variant} = {
+  heading2xl: 'headingXl',
+  heading3xl: 'headingXl',
+};
 export interface TextProps {
   /** Adjust horizontal alignment of text */
   alignment?: Alignment;
@@ -88,6 +92,17 @@ export const Text = ({
   visuallyHidden = false,
   textDecorationLine,
 }: TextProps) => {
+  if (
+    process.env.NODE_ENV === 'development' &&
+    variant &&
+    Object.prototype.hasOwnProperty.call(deprecatedVariants, variant)
+  ) {
+    // eslint-disable-next-line no-console
+    console.warn(
+      `Deprecation: <Text variant="${variant}" />. The value "${variant}" will be removed in a future major version of Polaris. Use "${deprecatedVariants[variant]}" instead.`,
+    );
+  }
+
   const Component = as || (visuallyHidden ? 'span' : 'p');
 
   const className = classNames(