diff --git a/typing_extensions/src_py2/test_typing_extensions.py b/typing_extensions/src_py2/test_typing_extensions.py
index 7b273748..59b1097a 100644
--- a/typing_extensions/src_py2/test_typing_extensions.py
+++ b/typing_extensions/src_py2/test_typing_extensions.py
@@ -8,7 +8,7 @@
 import types
 from unittest import TestCase, main, skipUnless
 
-from typing_extensions import NoReturn, ClassVar, Final, IntVar, Literal, TypedDict
+from typing_extensions import NoReturn, CallableParametersVariable, ClassVar, Final, IntVar, Literal, TypedDict
 from typing_extensions import ContextManager, Counter, Deque, DefaultDict
 from typing_extensions import NewType, overload, Protocol, runtime
 import typing
@@ -78,6 +78,20 @@ def test_cannot_instantiate(self):
             type(NoReturn)()
 
 
+class CallableParametersVariableTests(BaseTestCase):
+    def test_valid(self):
+        T_params = CallableParametersVariable("T_params")
+        f_type = typing.Callable[T_params, int]
+
+    def test_invalid(self):
+        with self.assertRaises(TypeError):
+            T_params = CallableParametersVariable("T_params", int)
+        with self.assertRaises(TypeError):
+            T_params = CallableParametersVariable("T_params", bound=int)
+        with self.assertRaises(TypeError):
+            T_params = CallableParametersVariable("T_params", covariant=True)
+
+
 class ClassVarTests(BaseTestCase):
 
     def test_basics(self):
diff --git a/typing_extensions/src_py2/typing_extensions.py b/typing_extensions/src_py2/typing_extensions.py
index 4bc64674..a9106044 100644
--- a/typing_extensions/src_py2/typing_extensions.py
+++ b/typing_extensions/src_py2/typing_extensions.py
@@ -26,6 +26,7 @@
     'DefaultDict',
 
     # One-off things.
+    'CallableParametersVariable'
     'final',
     'IntVar',
     'Literal',
@@ -70,6 +71,34 @@ def __subclasscheck__(self, cls):
     NoReturn = _NoReturn(_root=True)
 
 
+def CallableParametersVariable(name):
+    """This kind of type variable captures callable parameter specifications
+    instead of types, allowing the typing of decorators which transform the 
+    return type of the given callable.  For example:
+
+        from typing import TypeVar, Callable, List
+        from typing_extensions import CallableParametersVariable
+        Tparams = CallableParametersVariable("Tparams")
+        Treturn = TypeVar("Treturn")
+
+        def unwrap(
+            f: Callable[Tparams, List[Treturn],
+        ) -> Callable[Tparams, Treturn]: ...
+
+        @unwrap
+        def foo(x: int, y: str, z: bool = False) -> List[int]:
+            return [1, 2, 3]
+
+    decorates foo into a callable that returns int, but still has the same 
+    parameters, including their names and whether they are required.
+    
+    The empty list is required for backwards compatibility with the runtime 
+    implementation for callables, which requires the first argument to be 
+    a list of types
+    """
+    return []
+
+
 T_co = typing.TypeVar('T_co', covariant=True)
 
 if hasattr(typing, 'ContextManager'):
diff --git a/typing_extensions/src_py3/test_typing_extensions.py b/typing_extensions/src_py3/test_typing_extensions.py
index e209a3f0..769d063e 100644
--- a/typing_extensions/src_py3/test_typing_extensions.py
+++ b/typing_extensions/src_py3/test_typing_extensions.py
@@ -13,7 +13,7 @@
 from typing import Generic
 from typing import get_type_hints
 from typing import no_type_check
-from typing_extensions import NoReturn, ClassVar, Final, IntVar, Literal, Type, NewType, TypedDict
+from typing_extensions import NoReturn, CallableParametersVariable, ClassVar, Final, IntVar, Literal, Type, NewType, TypedDict
 try:
     from typing_extensions import Protocol, runtime
 except ImportError:
@@ -129,6 +129,20 @@ def test_cannot_instantiate(self):
             type(NoReturn)()
 
 
+class CallableParametersVariableTests(BaseTestCase):
+    def test_valid(self):
+        T_params = CallableParametersVariable("T_params")
+        f_type = typing.Callable[T_params, int]
+
+    def test_invalid(self):
+        with self.assertRaises(TypeError):
+            T_params = CallableParametersVariable("T_params", int)
+        with self.assertRaises(TypeError):
+            T_params = CallableParametersVariable("T_params", bound=int)
+        with self.assertRaises(TypeError):
+            T_params = CallableParametersVariable("T_params", covariant=True)
+
+
 class ClassVarTests(BaseTestCase):
 
     def test_basics(self):
diff --git a/typing_extensions/src_py3/typing_extensions.py b/typing_extensions/src_py3/typing_extensions.py
index 81f60ac9..c929577b 100644
--- a/typing_extensions/src_py3/typing_extensions.py
+++ b/typing_extensions/src_py3/typing_extensions.py
@@ -126,6 +126,7 @@ def _check_methods_in_mro(C, *methods):
     'DefaultDict',
 
     # One-off things.
+    'CallableParametersVariable'
     'final',
     'IntVar',
     'Literal',
@@ -212,6 +213,34 @@ def stop() -> NoReturn:
 T_contra = typing.TypeVar('T_contra', contravariant=True)  # Ditto contravariant.
 
 
+def CallableParametersVariable(name):
+    """This kind of type variable captures callable parameter specifications
+    instead of types, allowing the typing of decorators which transform the 
+    return type of the given callable.  For example:
+
+        from typing import TypeVar, Callable, List
+        from typing_extensions import CallableParametersVariable
+        Tparams = CallableParametersVariable("Tparams")
+        Treturn = TypeVar("Treturn")
+
+        def unwrap(
+            f: Callable[Tparams, List[Treturn],
+        ) -> Callable[Tparams, Treturn]: ...
+
+        @unwrap
+        def foo(x: int, y: str, z: bool = False) -> List[int]:
+            return [1, 2, 3]
+
+    decorates foo into a callable that returns int, but still has the same 
+    parameters, including their names and whether they are required.
+    
+    The empty list is required for backwards compatibility with the runtime 
+    implementation for callables, which requires the first argument to be 
+    a list of types
+    """
+    return []
+
+
 if hasattr(typing, 'ClassVar'):
     ClassVar = typing.ClassVar
 elif hasattr(typing, '_FinalTypingBase'):