diff --git a/ddtrace/_trace/span.py b/ddtrace/_trace/span.py
index 6b79a6762f9..4ca5cb34a27 100644
--- a/ddtrace/_trace/span.py
+++ b/ddtrace/_trace/span.py
@@ -550,6 +550,51 @@ def set_exc_info(
 
         core.dispatch("span.exception", (self, exc_type, exc_val, exc_tb))
 
+    def record_exception(
+        self,
+        exception: BaseException,
+        attributes: Optional[Dict[str, _JSONType]] = None,
+        timestamp: Optional[int] = None,
+        escaped=False,
+    ) -> None:
+        """
+        Records an exception as span event.
+        If the exception is uncaught, :obj:`escaped` should be set :obj:`True`. It
+        will tag the span with an error tuple.
+
+        :param Exception exception: the exception to record
+        :param dict attributes: optional attributes to add to the span event. It will override
+            the base attributes if :obj:`attributes` contains existing keys.
+        :param int timestamp: the timestamp of the span event. Will be set to now() if timestamp is :obj:`None`.
+        :param bool escaped: sets to :obj:`False` for a handled exception and :obj:`True` for a uncaught exception.
+        """
+        if timestamp is None:
+            timestamp = time_ns()
+
+        exc_type, exc_val, exc_tb = type(exception), exception, exception.__traceback__
+
+        if escaped:
+            self.set_exc_info(exc_type, exc_val, exc_tb)
+
+        # get the traceback
+        buff = StringIO()
+        traceback.print_exception(exc_type, exc_val, exc_tb, file=buff, limit=config._span_traceback_max_size)
+        tb = buff.getvalue()
+
+        # Set exception attributes in a manner that is consistent with the opentelemetry sdk
+        # https://github.com/open-telemetry/opentelemetry-python/blob/v1.24.0/opentelemetry-sdk/src/opentelemetry/sdk/trace/__init__.py#L998
+        attrs = {
+            "exception.type": "%s.%s" % (exception.__class__.__module__, exception.__class__.__name__),
+            "exception.message": str(exception),
+            "exception.escaped": escaped,
+            "exception.stacktrace": tb,
+        }
+        if attributes:
+            # User provided attributes must take precedence over attrs
+            attrs.update(attributes)
+
+        self._add_event(name="recorded exception", attributes=attrs, timestamp=timestamp)
+
     def _pprint(self) -> str:
         """Return a human readable version of the span."""
         data = [
diff --git a/releasenotes/notes/feat-add-dd-record-exception-033fd0436dfd2723.yaml b/releasenotes/notes/feat-add-dd-record-exception-033fd0436dfd2723.yaml
new file mode 100644
index 00000000000..0808b23b71e
--- /dev/null
+++ b/releasenotes/notes/feat-add-dd-record-exception-033fd0436dfd2723.yaml
@@ -0,0 +1,6 @@
+---
+features:
+  - |
+    tracing: Introduces a record_exception method that adds an exception to a Span as a span event.
+    Refer to [Span.record_exception](https://ddtrace.readthedocs.io/en/stable/api.html#ddtrace.trace.Span.record_exception) 
+    for more details.
diff --git a/tests/tracer/test_span.py b/tests/tracer/test_span.py
index 64fdeed4ffb..ab58e38e70f 100644
--- a/tests/tracer/test_span.py
+++ b/tests/tracer/test_span.py
@@ -533,6 +533,61 @@ def test_span_pointers(self):
             },
         ]
 
+    def test_span_record_exception(self):
+        span = self.start_span("span")
+        try:
+            raise RuntimeError("bim")
+        except RuntimeError as e:
+            span.record_exception(e)
+        span.finish()
+
+        span.assert_span_event_count(1)
+        span.assert_span_event_attributes(
+            0, {"exception.type": "builtins.RuntimeError", "exception.message": "bim", "exception.escaped": False}
+        )
+
+    def test_span_record_multiple_exceptions(self):
+        span = self.start_span("span")
+        try:
+            raise RuntimeError("bim")
+        except RuntimeError as e:
+            span.record_exception(e)
+
+        try:
+            raise RuntimeError("bam")
+        except RuntimeError as e:
+            span.record_exception(e)
+        span.finish()
+
+        span.assert_span_event_count(2)
+        span.assert_span_event_attributes(
+            0, {"exception.type": "builtins.RuntimeError", "exception.message": "bim", "exception.escaped": False}
+        )
+        span.assert_span_event_attributes(
+            1, {"exception.type": "builtins.RuntimeError", "exception.message": "bam", "exception.escaped": False}
+        )
+
+    def test_span_record_escaped_exception(self):
+        exc = RuntimeError("bim")
+        span = self.start_span("span")
+        try:
+            raise exc
+        except RuntimeError as e:
+            span.record_exception(e, escaped=True)
+        span.finish()
+
+        span.assert_matches(
+            error=1,
+            meta={
+                "error.message": str(exc),
+                "error.type": "%s.%s" % (exc.__class__.__module__, exc.__class__.__name__),
+            },
+        )
+        span.assert_span_event_count(1)
+        span.assert_span_event_attributes(
+            0, {"exception.type": "builtins.RuntimeError", "exception.message": "bim", "exception.escaped": True}
+        )
+
 
 @pytest.mark.parametrize(
     "value,assertion",
diff --git a/tests/utils.py b/tests/utils.py
index 38ef5652814..851fde48e9f 100644
--- a/tests/utils.py
+++ b/tests/utils.py
@@ -848,6 +848,29 @@ def assert_metrics(self, metrics, exact=False):
                     self, key, self._metrics[key], value
                 )
 
+    def assert_span_event_count(self, count):
+        """Assert this span has the expected number of span_events"""
+        assert len(self._events) == count, "Span count {0} != {1}".format(len(self._events), count)
+
+    def assert_span_event_attributes(self, event_idx, attrs):
+        """
+        Assertion method to ensure this span's span event match as expected
+
+        Example::
+
+            span = TestSpan(span)
+            span.assert_span_event(0, {"exception.type": "builtins.RuntimeError"})
+
+        :param event_idx: id of the span event
+        :type event_idx: integer
+        """
+        span_event_attrs = self._events[event_idx].attributes
+        for name, value in attrs.items():
+            assert name in span_event_attrs, "{0!r} does not have property {1!r}".format(span_event_attrs, name)
+            assert span_event_attrs[name] == value, "{0!r} property {1}: {2!r} != {3!r}".format(
+                span_event_attrs, name, span_event_attrs[name], value
+            )
+
 
 class TracerSpanContainer(TestSpanContainer):
     """