diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8b517dd0..c0dab0e4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -71,6 +71,7 @@
   [#1184](https://github.com/gakonst/ethers-rs/pull/1184)
 - Add `From<H160>` and From<Vec<H160>> traits to `ValueOrArray<H160>` [#1199](https://github.com/gakonst/ethers-rs/pull/1200)
 - Fix handling of Websocket connection errors [#1287](https://github.com/gakonst/ethers-rs/pull/1287)
+- Add Arithmetic Shift Right operation for I256 [#1323](https://github.com/gakonst/ethers-rs/issues/1323)
 
 ## ethers-contract-abigen
 
diff --git a/ethers-core/src/types/i256.rs b/ethers-core/src/types/i256.rs
index e568c8b2..6a1c4dba 100644
--- a/ethers-core/src/types/i256.rs
+++ b/ethers-core/src/types/i256.rs
@@ -10,7 +10,9 @@ use serde::{Deserialize, Serialize};
 use std::{
     cmp,
     convert::{TryFrom, TryInto},
-    fmt, i128, i64, iter, ops, str, u64,
+    fmt, i128, i64, iter, ops,
+    ops::Sub,
+    str, u64,
 };
 use thiserror::Error;
 
@@ -935,6 +937,35 @@ impl I256 {
         let (result, _) = self.overflowing_pow(exp);
         result
     }
+
+    /// Arithmetic Shift Right operation. Shifts `shift` number of times to the right maintaining
+    /// the original sign. If the number is positive this is the same as logic shift right.
+    pub fn asr(self, shift: u32) -> Self {
+        // Avoid shifting if we are going to know the result regardless of the value.
+        if shift == 0 {
+            self
+        } else if shift >= 255u32 {
+            match self.sign() {
+                // It's always going to be zero (i.e. 00000000...00000000)
+                Sign::Positive => Self::zero(),
+                // It's always going to be -1 (i.e. 11111111...11111111)
+                Sign::Negative => Self::from(-1i8),
+            }
+        } else {
+            // Perform the shift.
+            match self.sign() {
+                Sign::Positive => self >> shift,
+                // We need to do: `for 0..shift { self >> 1 | 2^255 }`
+                // We can avoid the loop by doing: `self >> shift | ~(2^(255 - shift) - 1)`
+                // where '~' represents ones complement
+                Sign::Negative => {
+                    let bitwise_or =
+                        Self::from_raw(!U256::from(2u8).pow(U256::from(255u32 - shift)).sub(1u8));
+                    (self >> shift) | bitwise_or
+                }
+            }
+        }
+    }
 }
 
 macro_rules! impl_from {
@@ -1276,6 +1307,7 @@ mod tests {
     use crate::abi::Tokenizable;
     use once_cell::sync::Lazy;
     use serde_json::json;
+    use std::ops::Neg;
 
     static MIN_ABS: Lazy<U256> = Lazy::new(|| U256::from(1) << 255);
 
@@ -1521,6 +1553,33 @@ mod tests {
         assert_eq!(I256::MIN >> 255, I256::one());
     }
 
+    #[test]
+    fn arithmetic_shift_right() {
+        let value = I256::from_raw(U256::from(2u8).pow(U256::from(254u8))).neg();
+        let expected_result = I256::from_raw(U256::MAX.sub(1u8));
+        assert_eq!(value.asr(253u32), expected_result, "1011...1111 >> 253 was not 1111...1110");
+
+        let value = I256::from(-1i8);
+        let expected_result = I256::from(-1i8);
+        assert_eq!(value.asr(250u32), expected_result, "-1 >> any_amount was not -1");
+
+        let value = I256::from_raw(U256::from(2u8).pow(U256::from(254u8))).neg();
+        let expected_result = I256::from(-1i8);
+        assert_eq!(value.asr(255u32), expected_result, "1011...1111 >> 255 was not -1");
+
+        let value = I256::from_raw(U256::from(2u8).pow(U256::from(254u8))).neg();
+        let expected_result = I256::from(-1i8);
+        assert_eq!(value.asr(1024u32), expected_result, "1011...1111 >> 1024 was not -1");
+
+        let value = I256::from(1024i32);
+        let expected_result = I256::from(32i32);
+        assert_eq!(value.asr(5u32), expected_result, "1024 >> 5 was not 32");
+
+        let value = I256::MAX;
+        let expected_result = I256::zero();
+        assert_eq!(value.asr(255u32), expected_result, "I256::MAX >> 255 was not 0");
+    }
+
     #[test]
     fn addition() {
         assert_eq!(I256::MIN.overflowing_add(I256::MIN), (I256::zero(), true));