diff --git a/README.md b/README.md
index 0d169c54a..de168d3bd 100644
--- a/README.md
+++ b/README.md
@@ -78,7 +78,7 @@ If you use the Ansible package and do not update collections independently, use
     - community.docker.docker_volume: manage Docker volumes
     - community.docker.docker_volume_info: retrieve information on Docker volumes
   * Docker Compose:
-    - community.docker.docker_compose: manage Docker Compose files (legacy Docker Compose v1)
+    - community.docker.docker_compose: manage Docker Compose files (legacy Docker Compose v1; the module is deprecated and will be removed from community.docker 4.0.0)
     - community.docker.docker_compose_v2: manage Docker Compose files (Docker compose CLI plugin)
     - community.docker.docker_compose_v2_pull: pull a Docker compose project
   * Docker Swarm:
diff --git a/changelogs/fragments/deprecate-compose-v1.yml b/changelogs/fragments/deprecate-compose-v1.yml
new file mode 100644
index 000000000..30f010491
--- /dev/null
+++ b/changelogs/fragments/deprecate-compose-v1.yml
@@ -0,0 +1,4 @@
+deprecated_features:
+  - "docker_compose - the Docker Compose v1 module is deprecated and will be removed from community.docker 4.0.0.
+     Please migrate to the ``community.docker.docker_compose_v2`` module, which works with Docker Compose v2
+     (https://github.com/ansible-collections/community.docker/issues/823, https://github.com/ansible-collections/community.docker/pull/833)."
diff --git a/docs/docsite/rst/scenario_guide.rst b/docs/docsite/rst/scenario_guide.rst
index 203aa57d2..395b71003 100644
--- a/docs/docsite/rst/scenario_guide.rst
+++ b/docs/docsite/rst/scenario_guide.rst
@@ -272,12 +272,13 @@ No further requirements next to to the CLI tool and its Docker Compose plugin ar
 Docker Compose v1
 .................
 
-The :ansplugin:`community.docker.docker_compose module <community.docker.docker_compose#module>`
+The deprecated :ansplugin:`community.docker.docker_compose module <community.docker.docker_compose#module>`
 allows you to use your existing Docker compose files to orchestrate containers on a single Docker daemon or on Swarm.
 This module uses the out-dated and End of Life version 1.x of Docker Compose. It should mainly be used for legacy systems
-which still have to use that version of Docker Compose.
+which still have to use that version of Docker Compose. **The module is deprecated and will be removed from community.docker 4.0.0.**
+Please use the Docker Compose v2 modules instead.
 
-You need to install the `old Python docker-compose <https://pypi.org/project/docker-compose/>`_ on the remote machines to use the module.
+You need to install the `old Python docker-compose <https://pypi.org/project/docker-compose/>`_ on the remote machines to use the Docker Compose v1 module.
 
 
 Docker Machine
diff --git a/meta/runtime.yml b/meta/runtime.yml
index 0ddd09fa3..e29f84be1 100644
--- a/meta/runtime.yml
+++ b/meta/runtime.yml
@@ -41,3 +41,10 @@ action_groups:
     - docker_swarm_service_info
     - docker_volume
     - docker_volume_info
+
+plugin_routing:
+  modules:
+    docker_compose:
+      deprecation:
+        removal_version: 4.0.0
+        warning_text: This module uses docker-compose v1, which is End of Life since July 2022. Please migrate to community.docker.docker_compose_v2.
diff --git a/plugins/modules/docker_compose.py b/plugins/modules/docker_compose.py
index f8edbee4b..3af3bebb1 100644
--- a/plugins/modules/docker_compose.py
+++ b/plugins/modules/docker_compose.py
@@ -14,6 +14,11 @@
 
 short_description: Manage multi-container Docker applications with Docker Compose V1
 
+deprecated:
+  removed_in: 4.0.0
+  why: This module uses docker-compose v1, which is End of Life since July 2022.
+  alternative: Migrate to M(community.docker.docker_compose_v2)
+
 author: "Chris Houseknecht (@chouseknecht)"
 
 description: