diff --git a/src/go/cmd/update-collection-v3/main.go b/src/go/cmd/update-collection-v3/main.go
index 12877a9d..a15a93d2 100644
--- a/src/go/cmd/update-collection-v3/main.go
+++ b/src/go/cmd/update-collection-v3/main.go
@@ -9,6 +9,7 @@ import (
 
 	disablethanos "github.com/SumoLogic/sumologic-kubernetes-collection/tools/cmd/update-collection-v3/migrations/disable-thanos"
 	"github.com/SumoLogic/sumologic-kubernetes-collection/tools/cmd/update-collection-v3/migrations/events"
+	eventsconfigmerge "github.com/SumoLogic/sumologic-kubernetes-collection/tools/cmd/update-collection-v3/migrations/events-config-merge"
 	kubestatemetricscollectors "github.com/SumoLogic/sumologic-kubernetes-collection/tools/cmd/update-collection-v3/migrations/kube-state-metrics-collectors"
 	tracingreplaces "github.com/SumoLogic/sumologic-kubernetes-collection/tools/cmd/update-collection-v3/migrations/tracing-replaces"
 )
@@ -57,6 +58,7 @@ var migrationDirectoriesAndFunctions = map[string]migrateFunc{
 	"events":                events.Migrate,
 	"disable-thanos":        disablethanos.Migrate,
 	"tracing-replaces":      tracingreplaces.Migrate,
+	"events-config-merge":   eventsconfigmerge.Migrate,
 }
 
 func migrateYaml(input string) (string, error) {
diff --git a/src/go/cmd/update-collection-v3/migrations/events-config-merge/migrate.go b/src/go/cmd/update-collection-v3/migrations/events-config-merge/migrate.go
new file mode 100644
index 00000000..10e51570
--- /dev/null
+++ b/src/go/cmd/update-collection-v3/migrations/events-config-merge/migrate.go
@@ -0,0 +1,70 @@
+package eventsconfigmerge
+
+import (
+	"bytes"
+	"fmt"
+
+	"gopkg.in/yaml.v3"
+)
+
+type InputValues struct {
+	Otelevents struct {
+		Config struct {
+			Override map[string]interface{} `yaml:"override,omitempty"`
+		} `yaml:"config,omitempty"`
+		Rest map[string]interface{} `yaml:",inline"`
+	} `yaml:"otelevents,omitempty"`
+	Rest map[string]interface{} `yaml:",inline"`
+}
+
+type OutputValues struct {
+	Otelevents Otelevents             `yaml:"otelevents,omitempty"`
+	Rest       map[string]interface{} `yaml:",inline"`
+}
+
+type Otelevents struct {
+	Config Config                 `yaml:"config,omitempty"`
+	Rest   map[string]interface{} `yaml:",inline"`
+}
+
+type Config struct {
+	Merge    map[string]interface{} `yaml:"merge,omitempty"`
+	Override map[string]interface{} `yaml:"override,omitempty"`
+}
+
+func Migrate(inputYaml string) (outputYaml string, err error) {
+	inputValues, err := parseValues(inputYaml)
+	if err != nil {
+		return "", fmt.Errorf("error parsing input yaml: %v", err)
+	}
+
+	outputValues, err := migrate(&inputValues)
+	if err != nil {
+		return "", fmt.Errorf("error migrating: %v", err)
+	}
+
+	buffer := bytes.Buffer{}
+	encoder := yaml.NewEncoder(&buffer)
+	encoder.SetIndent(2)
+	err = encoder.Encode(outputValues)
+	return buffer.String(), err
+}
+
+func parseValues(inputYaml string) (InputValues, error) {
+	var inputValues InputValues
+	err := yaml.Unmarshal([]byte(inputYaml), &inputValues)
+	return inputValues, err
+}
+
+func migrate(inputValues *InputValues) (OutputValues, error) {
+	outputValues := OutputValues{
+		Rest: inputValues.Rest,
+		Otelevents: Otelevents{
+			Config: Config{
+				Merge: inputValues.Otelevents.Config.Override,
+			},
+			Rest: inputValues.Otelevents.Rest,
+		},
+	}
+	return outputValues, nil
+}
diff --git a/src/go/cmd/update-collection-v3/migrations/events-config-merge/testdata/basic.input.yaml b/src/go/cmd/update-collection-v3/migrations/events-config-merge/testdata/basic.input.yaml
new file mode 100644
index 00000000..202e7816
--- /dev/null
+++ b/src/go/cmd/update-collection-v3/migrations/events-config-merge/testdata/basic.input.yaml
@@ -0,0 +1,4 @@
+otelevents:
+  config:
+    override:
+      key: value
diff --git a/src/go/cmd/update-collection-v3/migrations/events-config-merge/testdata/basic.output.yaml b/src/go/cmd/update-collection-v3/migrations/events-config-merge/testdata/basic.output.yaml
new file mode 100644
index 00000000..1ba455eb
--- /dev/null
+++ b/src/go/cmd/update-collection-v3/migrations/events-config-merge/testdata/basic.output.yaml
@@ -0,0 +1,4 @@
+otelevents:
+  config:
+    merge:
+      key: value
diff --git a/src/go/cmd/update-collection-v3/testdata/simple.input.yaml b/src/go/cmd/update-collection-v3/testdata/simple.input.yaml
index b0c6b451..89d1cfac 100644
--- a/src/go/cmd/update-collection-v3/testdata/simple.input.yaml
+++ b/src/go/cmd/update-collection-v3/testdata/simple.input.yaml
@@ -8,6 +8,10 @@ kube-prometheus-stack:
         resources:
           limits:
             cpu: 20m
+otelevents:
+  config:
+    override:
+      key: value
 sumologic:
   accessId: xxx
   accessKey: yyy
diff --git a/src/go/cmd/update-collection-v3/testdata/simple.output.yaml b/src/go/cmd/update-collection-v3/testdata/simple.output.yaml
index bf748418..04ebb2e6 100644
--- a/src/go/cmd/update-collection-v3/testdata/simple.output.yaml
+++ b/src/go/cmd/update-collection-v3/testdata/simple.output.yaml
@@ -1,3 +1,7 @@
+otelevents:
+  config:
+    merge:
+      key: value
 sumologic:
   accessId: xxx
   accessKey: yyy