diff --git a/CHANGELOG.md b/CHANGELOG.md
index 928db2f64f7..12e95f6d758 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -6,6 +6,9 @@ All notable changes for each version of this project will be documented in this
 
 ### New Features
 
+- `IgcFormControlDirective`
+    - Added support for `igc-color-picker` so it can be bound with `ngModel` and `formControlName`, in the same way `igc-rating` is already supported.
+
 - `IgxChipComponent`
     - Added the `outlined` property to the component. When set to `true`, the Chip will have an outlined style.
 
diff --git a/projects/igniteui-angular/directives/src/directives/form-control/form-control.directive.spec.ts b/projects/igniteui-angular/directives/src/directives/form-control/form-control.directive.spec.ts
index fb57c631071..97706fc9f22 100644
--- a/projects/igniteui-angular/directives/src/directives/form-control/form-control.directive.spec.ts
+++ b/projects/igniteui-angular/directives/src/directives/form-control/form-control.directive.spec.ts
@@ -1,8 +1,8 @@
 import { Component, DebugElement, ElementRef, Renderer2, ViewChild, ChangeDetectionStrategy } from '@angular/core';
 import { ComponentFixture, fakeAsync, TestBed, tick, waitForAsync } from '@angular/core/testing';
-import { FormsModule } from '@angular/forms';
+import { FormControl, FormGroup, FormsModule, ReactiveFormsModule } from '@angular/forms';
 import { By } from '@angular/platform-browser';
-import { defineComponents, IgcRatingComponent } from 'igniteui-webcomponents';
+import { defineComponents, IgcColorPickerComponent, IgcRatingComponent } from 'igniteui-webcomponents';
 
 import { IgcFormControlDirective } from './form-control.directive';
 
@@ -12,6 +12,7 @@ describe('IgcFormControlDirective - ', () => {
     let directive: IgcFormControlDirective;
     let input: DebugElement;
     let rating: IgcRatingComponent;
+    let colorPicker: IgcColorPickerComponent;
 
     describe('Unit tests: ', () => {
 
@@ -67,6 +68,56 @@ describe('IgcFormControlDirective - ', () => {
         });
     });
 
+    describe('Unit tests - igc-color-picker: ', () => {
+
+        beforeEach(waitForAsync(() => {
+            defineComponents(IgcColorPickerComponent);
+
+            TestBed.configureTestingModule({
+                providers: [
+                    { provide: ElementRef, useValue: colorPickerElementRef },
+                    { provide: Renderer2, useValue: renderer2Mock },
+                    IgcFormControlDirective
+                ]
+            });
+        }));
+
+        const colorPickerElementRef = { nativeElement: document.createElement('igc-color-picker') };
+
+        const mockNgControl = jasmine.createSpyObj('NgControl', [
+            'registerOnChangeCb',
+            'registerOnTouchedCb'
+        ]);
+
+        const renderer2Mock = jasmine.createSpyObj('renderer2Mock', [
+            'setProperty'
+        ]);
+
+        it('should correctly implement interface methods - ControlValueAccessor ', () => {
+            directive = TestBed.inject(IgcFormControlDirective);
+            directive.registerOnChange(mockNgControl.registerOnChangeCb);
+            directive.registerOnTouched(mockNgControl.registerOnTouchedCb);
+
+            // value setter
+            expect(colorPickerElementRef.nativeElement.value).toBeUndefined();
+            directive.writeValue('#ff0000');
+            expect(mockNgControl.registerOnChangeCb).toHaveBeenCalledTimes(0);
+            expect(colorPickerElementRef.nativeElement.value).toBe('#ff0000');
+
+            // listening for value change
+            directive.listenForValueChange('#00ff00');
+            expect(mockNgControl.registerOnChangeCb).toHaveBeenCalledWith('#00ff00');
+
+            // setDisabledState
+            directive.setDisabledState(true);
+            expect(renderer2Mock.setProperty).toHaveBeenCalledWith(colorPickerElementRef.nativeElement, 'disabled', true);
+
+            // OnTouched callback
+            directive.onBlur();
+            expect(mockNgControl.registerOnTouchedCb).toHaveBeenCalledTimes(1);
+        });
+    });
+
     describe('ngModel two-way binding tests: ', () => {
         beforeEach(waitForAsync(() => {
             TestBed.configureTestingModule({
@@ -109,6 +160,95 @@ describe('IgcFormControlDirective - ', () => {
             expect(input.nativeElement.value).toEqual('8');
         });
     });
+
+    describe('ngModel two-way binding tests - igc-color-picker: ', () => {
+        beforeEach(waitForAsync(() => {
+            TestBed.configureTestingModule({
+                imports: [
+                    IgxFormsColorPickerControlComponent
+                ]
+            }).compileComponents();
+            defineComponents(IgcColorPickerComponent);
+        }));
+
+        beforeEach(fakeAsync(() => {
+            fixture = TestBed.createComponent(IgxFormsColorPickerControlComponent);
+            fixture.detectChanges();
+            input = fixture.debugElement.query(By.css(`#basicModelColor`));
+            colorPicker = fixture.debugElement.query(By.directive(IgcFormControlDirective)).nativeElement;
+            tick();
+            fixture.detectChanges();
+        }));
+
+        it('Should properly init for igc-color-picker.', () => {
+            directive = fixture.componentInstance.directive;
+            expect(directive).toBeTruthy();
+        });
+
+        it('Should reflect ngModel change to color-picker', async () => {
+            input.nativeElement.value = '#ff0000';
+            input.nativeElement.dispatchEvent(new Event('input'));
+            fixture.detectChanges();
+            await fixture.whenStable();
+            fixture.detectChanges();
+            expect(colorPicker.value).toEqual('#ff0000');
+        });
+
+        it('Should reflect ngModel change from color-picker', async () => {
+            colorPicker.setAttribute('value', '#00ff00');
+            colorPicker.dispatchEvent(new CustomEvent('igcChange', { detail: '#00ff00' }));
+            fixture.detectChanges();
+            await fixture.whenStable();
+            fixture.detectChanges();
+            expect(input.nativeElement.value).toEqual('#00ff00');
+        });
+    });
+
+    describe('Reactive forms tests - igc-color-picker: ', () => {
+        beforeEach(waitForAsync(() => {
+            TestBed.configureTestingModule({
+                imports: [
+                    IgxReactiveFormsColorPickerControlComponent
+                ]
+            }).compileComponents();
+            defineComponents(IgcColorPickerComponent);
+        }));
+
+        beforeEach(fakeAsync(() => {
+            fixture = TestBed.createComponent(IgxReactiveFormsColorPickerControlComponent);
+            fixture.detectChanges();
+            colorPicker = fixture.debugElement.query(By.directive(IgcFormControlDirective)).nativeElement;
+            tick();
+            fixture.detectChanges();
+        }));
+
+        it('Should write the initial FormControl value to the color-picker', () => {
+            expect(colorPicker.value).toEqual('#ff0000');
+        });
+
+        it('Should update the FormControl value when the color-picker emits igcChange', async () => {
+            colorPicker.setAttribute('value', '#0000ff');
+            colorPicker.dispatchEvent(new CustomEvent('igcChange', { detail: '#0000ff' }));
+            fixture.detectChanges();
+            await fixture.whenStable();
+            fixture.detectChanges();
+            expect(fixture.componentInstance.form.get('color').value).toEqual('#0000ff');
+        });
+
+        it('Should mark the FormControl as touched on blur', () => {
+            expect(fixture.componentInstance.form.get('color').touched).toBeFalse();
+            colorPicker.dispatchEvent(new Event('blur'));
+            fixture.detectChanges();
+            expect(fixture.componentInstance.form.get('color').touched).toBeTrue();
+        });
+
+        it('Should reflect FormControl disabled state to the color-picker', () => {
+            expect(colorPicker.disabled).toBeFalse();
+            fixture.componentInstance.form.get('color').disable();
+            fixture.detectChanges();
+            expect(colorPicker.disabled).toBeTrue();
+        });
+    });
 });
 
 @Component({
@@ -132,3 +272,42 @@ class IgxFormsControlComponent {
     };
 }
 
+@Component({
+    template: `
+    <form #form2="ngForm">
+        <input type="text" id="basicModelColor" name="model color" [(ngModel)]="model.Color">
+        <igc-color-picker name="modelColor" [(ngModel)]="model.Color" label="Model Color"></igc-color-picker>
+    </form>
+    `,
+    changeDetection: ChangeDetectionStrategy.Eager,
+    imports: [IgcFormControlDirective, FormsModule]
+})
+class IgxFormsColorPickerControlComponent {
+
+    @ViewChild(IgcFormControlDirective, { static: true })
+    public directive: IgcFormControlDirective;
+
+    public model = {
+        Color: '#000000'
+    };
+}
+
+@Component({
+    template: `
+    <form [formGroup]="form">
+        <igc-color-picker formControlName="color" label="Reactive Color"></igc-color-picker>
+    </form>
+    `,
+    changeDetection: ChangeDetectionStrategy.Eager,
+    imports: [IgcFormControlDirective, ReactiveFormsModule]
+})
+class IgxReactiveFormsColorPickerControlComponent {
+
+    @ViewChild(IgcFormControlDirective, { static: true })
+    public directive: IgcFormControlDirective;
+
+    public form = new FormGroup({
+        color: new FormControl('#ff0000')
+    });
+}
+
diff --git a/projects/igniteui-angular/directives/src/directives/form-control/form-control.directive.ts b/projects/igniteui-angular/directives/src/directives/form-control/form-control.directive.ts
index 522771dff93..968324a9f06 100644
--- a/projects/igniteui-angular/directives/src/directives/form-control/form-control.directive.ts
+++ b/projects/igniteui-angular/directives/src/directives/form-control/form-control.directive.ts
@@ -3,7 +3,7 @@ import { ControlValueAccessor, NG_VALUE_ACCESSOR } from '@angular/forms';
 
 @Directive({
     // eslint-disable-next-line @angular-eslint/directive-selector
-    selector: 'igc-rating[ngModel],igc-rating[formControlName]',
+    selector: 'igc-rating[ngModel],igc-rating[formControlName],igc-color-picker[ngModel],igc-color-picker[formControlName]',
     providers: [
         {
             provide: NG_VALUE_ACCESSOR,