diff --git a/esphome/components/waveshare_epaper/__init__.py b/esphome/components/waveshare_epaper/__init__.py
index c58ce8a01e8..b410406a585 100644
--- a/esphome/components/waveshare_epaper/__init__.py
+++ b/esphome/components/waveshare_epaper/__init__.py
@@ -1 +1,6 @@
 CODEOWNERS = ["@clydebarrow"]
+
+DEPRECATED_COMPONENT = """
+The 'waveshare_epaper' component is deprecated and no new models will be added to it.
+New model PRs should target the newer and more performant 'epaper_spi' component.
+"""