diff --git a/src/py/py.hpp b/src/py/py.hpp
index fe0615346..030233ca6 100644
--- a/src/py/py.hpp
+++ b/src/py/py.hpp
@@ -71,6 +71,13 @@ class Object final {
 
   operator bool() const { return ptr_; }
 
+  /// Release the ownership on this PyObject, i.e. we steal the reference.
+  PyObject *Steal() {
+    auto *p = ptr_;
+    ptr_ = nullptr;
+    return p;
+  }
+
   /// Equivalent to `str(o)` in Python.
   ///
   /// Returned Object is nullptr if an error occurred.
diff --git a/src/query/CMakeLists.txt b/src/query/CMakeLists.txt
index f7023af74..eb1b26fc9 100644
--- a/src/query/CMakeLists.txt
+++ b/src/query/CMakeLists.txt
@@ -27,6 +27,7 @@ set(mg_query_sources
     plan/variable_start_planner.cpp
     procedure/mg_procedure_impl.cpp
     procedure/module.cpp
+    procedure/py_module.cpp
     typed_value.cpp)
 
 add_library(mg-query STATIC ${mg_query_sources})
diff --git a/src/query/procedure/py_module.cpp b/src/query/procedure/py_module.cpp
new file mode 100644
index 000000000..40b30c680
--- /dev/null
+++ b/src/query/procedure/py_module.cpp
@@ -0,0 +1,53 @@
+#include "query/procedure/py_module.hpp"
+
+#include "query/procedure/mg_procedure_impl.hpp"
+
+namespace query::procedure {
+
+py::Object MgpValueToPyObject(const mgp_value &value) {
+  switch (mgp_value_get_type(&value)) {
+    case MGP_VALUE_TYPE_NULL:
+      Py_INCREF(Py_None);
+      return py::Object(Py_None);
+    case MGP_VALUE_TYPE_BOOL:
+      return py::Object(PyBool_FromLong(mgp_value_get_bool(&value)));
+    case MGP_VALUE_TYPE_INT:
+      return py::Object(PyLong_FromLongLong(mgp_value_get_int(&value)));
+    case MGP_VALUE_TYPE_DOUBLE:
+      return py::Object(PyFloat_FromDouble(mgp_value_get_double(&value)));
+    case MGP_VALUE_TYPE_STRING:
+      return py::Object(PyUnicode_FromString(mgp_value_get_string(&value)));
+    case MGP_VALUE_TYPE_LIST: {
+      const auto *list = mgp_value_get_list(&value);
+      const size_t len = mgp_list_size(list);
+      py::Object py_list(PyList_New(len));
+      CHECK(py_list);
+      for (size_t i = 0; i < len; ++i) {
+        auto elem = MgpValueToPyObject(*mgp_list_at(list, i));
+        CHECK(elem);
+        // Explicitly convert `py_list`, which is `py::Object`, via static_cast.
+        // Then the macro will cast it to `PyList *`.
+        PyList_SET_ITEM(static_cast<PyObject *>(py_list), i, elem.Steal());
+      }
+      return py_list;
+    }
+    case MGP_VALUE_TYPE_MAP: {
+      const auto *map = mgp_value_get_map(&value);
+      py::Object py_dict(PyDict_New());
+      CHECK(py_dict);
+      for (const auto &[key, val] : map->items) {
+        auto py_val = MgpValueToPyObject(val);
+        CHECK(py_val);
+        // Unlike PyList_SET_ITEM, PyDict_SetItem does not steal the value.
+        CHECK(PyDict_SetItemString(py_dict, key.c_str(), py_val) == 0);
+      }
+      return py_dict;
+    }
+    case MGP_VALUE_TYPE_VERTEX:
+    case MGP_VALUE_TYPE_EDGE:
+    case MGP_VALUE_TYPE_PATH:
+      throw utils::NotYetImplemented("MgpValueToPyObject");
+  }
+}
+
+}  // namespace query::procedure
diff --git a/src/query/procedure/py_module.hpp b/src/query/procedure/py_module.hpp
new file mode 100644
index 000000000..c39b48014
--- /dev/null
+++ b/src/query/procedure/py_module.hpp
@@ -0,0 +1,13 @@
+/// @file
+/// Functions and types for loading Query Modules written in Python.
+#pragma once
+
+#include "py/py.hpp"
+
+struct mgp_value;
+
+namespace query::procedure {
+
+py::Object MgpValueToPyObject(const mgp_value &);
+
+}  // namespace query::procedure
diff --git a/tests/unit/CMakeLists.txt b/tests/unit/CMakeLists.txt
index 28ffa90c5..188dc1d72 100644
--- a/tests/unit/CMakeLists.txt
+++ b/tests/unit/CMakeLists.txt
@@ -77,6 +77,10 @@ target_include_directories(${test_prefix}query_procedure_mgp_type PRIVATE ${CMAK
 add_unit_test(query_procedure_mgp_module.cpp)
 target_link_libraries(${test_prefix}query_procedure_mgp_module mg-query)
 target_include_directories(${test_prefix}query_procedure_mgp_module PRIVATE ${CMAKE_SOURCE_DIR}/include)
+
+add_unit_test(query_procedure_py_module.cpp)
+target_link_libraries(${test_prefix}query_procedure_py_module mg-query)
+target_include_directories(${test_prefix}query_procedure_py_module PRIVATE ${CMAKE_SOURCE_DIR}/include)
 # END query/procedure
 
 add_unit_test(query_profile.cpp)
diff --git a/tests/unit/query_procedure_py_module.cpp b/tests/unit/query_procedure_py_module.cpp
new file mode 100644
index 000000000..120164127
--- /dev/null
+++ b/tests/unit/query_procedure_py_module.cpp
@@ -0,0 +1,78 @@
+#include <gtest/gtest.h>
+
+#include <string>
+
+#include "query/procedure/mg_procedure_impl.hpp"
+#include "query/procedure/py_module.hpp"
+
+TEST(PyModule, MgpValueToPyObject) {
+  mgp_memory memory{utils::NewDeleteResource()};
+  auto *list = mgp_list_make_empty(42, &memory);
+  {
+    // Create a list: [null, false, true, 42, 0.1, "some text"]
+    auto primitive_values = {mgp_value_make_null(&memory),
+                             mgp_value_make_bool(0, &memory),
+                             mgp_value_make_bool(1, &memory),
+                             mgp_value_make_int(42, &memory),
+                             mgp_value_make_double(0.1, &memory),
+                             mgp_value_make_string("some text", &memory)};
+    for (auto *val : primitive_values) {
+      mgp_list_append(list, val);
+      mgp_value_destroy(val);
+    }
+  }
+  auto *list_val = mgp_value_make_list(list);
+  auto *map = mgp_map_make_empty(&memory);
+  mgp_map_insert(map, "list", list_val);
+  mgp_value_destroy(list_val);
+  auto *map_val = mgp_value_make_map(map);
+  auto gil = py::EnsureGIL();
+  auto py_dict = query::procedure::MgpValueToPyObject(*map_val);
+  mgp_value_destroy(map_val);
+  // We should now have in Python:
+  // {"list": [None, False, True, 42, 0.1, "some text"]}
+  ASSERT_TRUE(PyDict_Check(py_dict));
+  EXPECT_EQ(PyDict_Size(py_dict), 1);
+  PyObject *key = nullptr;
+  PyObject *value = nullptr;
+  Py_ssize_t pos = 0;
+  while (PyDict_Next(py_dict, &pos, &key, &value)) {
+    ASSERT_TRUE(PyUnicode_Check(key));
+    EXPECT_EQ(std::string(PyUnicode_AsUTF8(key)), "list");
+    ASSERT_TRUE(PyList_Check(value));
+    ASSERT_EQ(PyList_Size(value), 6);
+    EXPECT_EQ(PyList_GetItem(value, 0), Py_None);
+    EXPECT_EQ(PyList_GetItem(value, 1), Py_False);
+    EXPECT_EQ(PyList_GetItem(value, 2), Py_True);
+    auto *py_long = PyList_GetItem(value, 3);
+    ASSERT_TRUE(PyLong_Check(py_long));
+    EXPECT_EQ(PyLong_AsLong(py_long), 42);
+    auto *py_float = PyList_GetItem(value, 4);
+    ASSERT_TRUE(PyFloat_Check(py_float));
+    EXPECT_EQ(PyFloat_AsDouble(py_float), 0.1);
+    auto *py_str = PyList_GetItem(value, 5);
+    ASSERT_TRUE(PyUnicode_Check(py_str));
+    EXPECT_EQ(std::string(PyUnicode_AsUTF8(py_str)), "some text");
+  }
+  // TODO: Vertex, Edge and Path values
+}
+
+int main(int argc, char **argv) {
+  ::testing::InitGoogleTest(&argc, argv);
+  // Initialize Python
+  auto *program_name = Py_DecodeLocale(argv[0], nullptr);
+  CHECK(program_name);
+  // Set program name, so Python can find its way to runtime libraries relative
+  // to executable.
+  Py_SetProgramName(program_name);
+  Py_InitializeEx(0 /* = initsigs */);
+  PyEval_InitThreads();
+  int test_result;
+  Py_BEGIN_ALLOW_THREADS;
+  test_result = RUN_ALL_TESTS();
+  Py_END_ALLOW_THREADS;
+  // Shutdown Python
+  Py_Finalize();
+  PyMem_RawFree(program_name);
+  return test_result;
+}