diff --git a/packages/block-library/src/paragraph/transforms.js b/packages/block-library/src/paragraph/transforms.js
index 5179a7f05c22fa..559366526ed865 100644
--- a/packages/block-library/src/paragraph/transforms.js
+++ b/packages/block-library/src/paragraph/transforms.js
@@ -37,6 +37,53 @@ const transforms = {
 			},
 		},
 	],
+	to: [
+		{
+			type: 'block',
+			blocks: [ 'core/image' ],
+			isMatch: ( { content } ) => {
+				const div = document.createElement( 'div' );
+				div.innerHTML = content;
+
+				const images = div.querySelectorAll( 'img' );
+				const hasOnlyImages =
+					images.length === 1 &&
+					div.childNodes.length === 1 &&
+					div.textContent.trim() === '';
+
+				return hasOnlyImages;
+			},
+			transform: ( { content, align } ) => {
+				const div = document.createElement( 'div' );
+				div.innerHTML = content;
+
+				const img = div.querySelector( 'img' );
+
+				const url = img.getAttribute( 'src' );
+				const alt = img.getAttribute( 'alt' );
+				const title = img.getAttribute( 'title' );
+				const width = img.getAttribute( 'width' );
+				const height = img.getAttribute( 'height' );
+				const className = img.getAttribute( 'class' );
+
+				return createBlock( 'core/image', {
+					url,
+					alt: alt || '',
+					title: title || '',
+					align,
+					width: width ? parseInt( width, 10 ) : undefined,
+					height: height ? parseInt( height, 10 ) : undefined,
+					className: className || '',
+					linkDestination:
+						img.parentNode.tagName === 'A' ? 'custom' : undefined,
+					href:
+						img.parentNode.tagName === 'A'
+							? img.parentNode.getAttribute( 'href' )
+							: undefined,
+				} );
+			},
+		},
+	],
 };
 
 export default transforms;