diff --git a/airflow/models/baseoperator.py b/airflow/models/baseoperator.py
index d15d10c6ed7ac..e2dc6e27f404b 100644
--- a/airflow/models/baseoperator.py
+++ b/airflow/models/baseoperator.py
@@ -60,9 +60,25 @@
 ScheduleInterval = Union[str, timedelta, relativedelta]
 
 
+class BaseOperatorMeta(type):
+    """
+    Base metaclass of BaseOperator.
+    """
+    def __call__(cls, *args, **kwargs):
+        """
+        Called when you call BaseOperator(). In this way we are able to perform an action
+        after initializing an operator no matter where  the ``super().__init__`` is called
+        (before or after assign of new attributes in a custom operator).
+        """
+        obj = type.__call__(cls, *args, **kwargs)
+        # Set upstream task defined by XComArgs passed to template fields of an operator
+        obj._set_xcomargs_dependencies()  # pylint: disable=protected-access
+        return obj
+
+
 # pylint: disable=too-many-instance-attributes,too-many-public-methods
 @functools.total_ordering
-class BaseOperator(Operator, LoggingMixin):
+class BaseOperator(Operator, LoggingMixin, metaclass=BaseOperatorMeta):
     """
     Abstract base class for all operators. Since operators create objects that
     become nodes in the dag, BaseOperator contains many recursive methods for
@@ -244,6 +260,7 @@ class derived from this one results in the creation of a task object,
         result
     :type do_xcom_push: bool
     """
+
     # For derived classes to define which fields will get jinjaified
     template_fields: Iterable[str] = []
     # Defines which files extensions to look for in the templated fields
@@ -634,6 +651,33 @@ def deps(self) -> Set[BaseTIDep]:
             NotPreviouslySkippedDep(),
         }
 
+    def _set_xcomargs_dependencies(self) -> None:
+        """
+        Resolves upstream dependencies of a task. In this way passing an ``XComArg`
+        as value for a template field will result in creating upstream relation between
+        two tasks.
+
+        **Example**: ::
+
+            with DAG(...):
+                generate_content = GenerateContentOperator(task_id="generate_content")
+                send_email = EmailOperator(..., html_content=generate_content.output)
+
+            # This is equivalent to
+            with DAG(...):
+                generate_content = GenerateContentOperator(task_id="generate_content")
+                send_email = EmailOperator(
+                    ..., html_content="{{ task_instance.xcom_pull('generate_content') }}"
+                )
+                generate_content >> send_email
+
+        """
+        from airflow.models.xcom_arg import XComArg
+        for field in self.template_fields:
+            arg = getattr(self, field)
+            if isinstance(arg, XComArg):
+                self.set_upstream(arg.operator)
+
     @property
     def priority_weight_total(self) -> int:
         """
@@ -1141,7 +1185,7 @@ def set_upstream(self, task_or_task_list: Union['BaseOperator', List['BaseOperat
 
     @property
     def output(self):
-        """Returns default XComArg for the operator"""
+        """Returns reference to XCom pushed by current operator"""
         from airflow.models.xcom_arg import XComArg
         return XComArg(operator=self)
 
diff --git a/tests/models/test_baseoperator.py b/tests/models/test_baseoperator.py
index c9a07f94542b8..273052c71fb0c 100644
--- a/tests/models/test_baseoperator.py
+++ b/tests/models/test_baseoperator.py
@@ -29,6 +29,7 @@
 from airflow.models import DAG
 from airflow.models.baseoperator import chain, cross_downstream
 from airflow.operators.dummy_operator import DummyOperator
+from airflow.utils.decorators import apply_defaults
 from tests.models import DEFAULT_DATE
 from tests.test_utils.mock_operators import MockNamedTuple, MockOperator
 
@@ -262,6 +263,33 @@ def test_email_on_actions(self):
         assert test_task.email_on_retry is False
         assert test_task.email_on_failure is True
 
+    def test_upstream_is_set_when_template_field_is_xcomarg(self):
+        class CustomOpSuperBefore(DummyOperator):
+            template_fields = ("field",)
+
+            @apply_defaults
+            def __init__(self, field, *args, **kwargs):
+                super().__init__(*args, **kwargs)
+                self.field = field
+
+        class CustomOpSuperAfter(DummyOperator):
+            template_fields = ("field",)
+
+            @apply_defaults
+            def __init__(self, field, *args, **kwargs):
+                self.field = field
+                super().__init__(*args, **kwargs)
+
+        with DAG("test_dag", default_args={"start_date": datetime.today()}):
+            op1 = DummyOperator(task_id="op1")
+            op2 = CustomOpSuperBefore(task_id="op2", field=op1.output)
+            op3 = CustomOpSuperAfter(task_id="op3", field=op1.output)
+
+        assert op1 in op2.upstream_list
+        assert op1 in op3.upstream_list
+        assert op2 in op1.downstream_list
+        assert op3 in op1.downstream_list
+
 
 class TestBaseOperatorMethods(unittest.TestCase):
     def test_cross_downstream(self):