diff --git a/e2e_test.go b/e2e_test.go
index fb786e0..94cbca2 100644
--- a/e2e_test.go
+++ b/e2e_test.go
@@ -171,6 +171,36 @@ func TestE2E_Add(t *testing.T) {
 	})
 }
 
+func TestE2E_Replace(t *testing.T) {
+	t.Parallel()
+
+	address, done := memctest.LaunchTCP(t, nil)
+	t.Cleanup(done)
+
+	c := New([]string{address})
+	defer ignore.Close(c)
+
+	t.Run("success", func(t *testing.T) {
+		err := Set(c, "key1", "value1")
+		must.NoError(t, err)
+
+		err = Replace(c, "key1", "value1.replaced")
+		must.NoError(t, err)
+
+		v, verr := Get[string](c, "key1")
+		must.NoError(t, verr)
+		must.Eq(t, "value1.replaced", v)
+	})
+
+	t.Run("not found", func(t *testing.T) {
+		err := Replace(c, "key-does-not-exist", "value")
+		must.ErrorIs(t, err, ErrNotStored)
+
+		_, verr := Get[string](c, "key-does-not-exist")
+		must.ErrorIs(t, verr, ErrCacheMiss)
+	})
+}
+
 func TestE2E_Increment(t *testing.T) {
 	t.Parallel()
 
diff --git a/verbs.go b/verbs.go
index ad42af6..65fc7d5 100644
--- a/verbs.go
+++ b/verbs.go
@@ -128,6 +128,80 @@ func Set[T any](c *Client, key string, item T, opts ...Option) error {
 	})
 }
 
+// Replace will store the item using the given key, but only if the key
+// already exists. New items are at the top of the LRU.
+//
+// Uses Client c to connect to a memcached instance, and automatically handles
+// connection pooling and reuse.
+//
+// One or more Option(s) may be applied to configure things such as the
+// value expiration TTL or its associated flags.
+func Replace[T any](c *Client, key string, item T, opts ...Option) error {
+	if err := check(key); err != nil {
+		return err
+	}
+
+	options := &Options{
+		expiration: c.expiration,
+		flags:      0,
+	}
+
+	for _, opt := range opts {
+		opt(options)
+	}
+
+	return c.do(key, func(conn *iopool.Buffer) error {
+		encoding, encerr := encode(item)
+		if encerr != nil {
+			return encerr
+		}
+
+		expiration, experr := c.seconds(options.expiration)
+		if experr != nil {
+			return experr
+		}
+
+		// write the header components
+		if _, err := fmt.Fprintf(
+			conn,
+			"replace %s %d %d %d\r\n",
+			key, options.flags, expiration, len(encoding),
+		); err != nil {
+			return err
+		}
+
+		// write the payload
+		if _, err := conn.Write(encoding); err != nil {
+			return err
+		}
+
+		// write clrf
+		if _, err := io.WriteString(conn, "\r\n"); err != nil {
+			return err
+		}
+
+		// flush the buffer
+		if err := conn.Flush(); err != nil {
+			return err
+		}
+
+		// read response
+		line, lerr := conn.ReadSlice('\n')
+		if lerr != nil {
+			return lerr
+		}
+
+		switch string(line) {
+		case "STORED\r\n":
+			return nil
+		case "NOT_STORED\r\n":
+			return ErrNotStored
+		default:
+			return fmt.Errorf("memc: unexpected response to replace: %q", string(line))
+		}
+	})
+}
+
 // Add will store the item using the given key, but only if no item currently
 // exists. New items are at the top of the LRU.
 //