diff --git a/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/dereferenceJsonSchema.spec.ts b/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/dereferenceJsonSchema.spec.ts
new file mode 100644
index 0000000..6e0ddfb
--- /dev/null
+++ b/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/dereferenceJsonSchema.spec.ts
@@ -0,0 +1,186 @@
+import { afterAll, beforeAll, describe, expect, it, jest } from '@jest/globals';
+
+jest.mock('../actions/traverseJsonSchema');
+jest.mock('./getJsonSchemaBaseUri');
+
+import {
+  JsonSchema,
+  JsonSchemaObject,
+} from '@cuaklabs/json-schema-types/2020-12';
+
+import { traverseJsonSchema } from '../actions/traverseJsonSchema';
+import { JsonRootSchemaFixtures } from '../fixtures/JsonRootSchemaFixtures';
+import { DereferenceFunction } from '../models/DereferenceFunction';
+import { TraverseJsonSchemaCallbackParams } from '../models/TraverseJsonSchemaCallbackParams';
+import { TraverseJsonSchemaParams } from '../models/TraverseJsonSchemaParams';
+import { UriOptions } from '../models/UriOptions';
+import { dereferenceJsonSchema } from './dereferenceJsonSchema';
+import { getJsonSchemaBaseUri } from './getJsonSchemaBaseUri';
+
+describe(dereferenceJsonSchema.name, () => {
+  let derefMock: jest.Mock<DereferenceFunction>;
+  let schemaFixture: JsonSchema;
+  let uriOptionsFixture: UriOptions;
+
+  beforeAll(() => {
+    derefMock = jest.fn();
+    schemaFixture = JsonRootSchemaFixtures.any;
+    uriOptionsFixture = {};
+  });
+
+  describe('when called, and traverseJsonSchema() does not call callback', () => {
+    let baseUriFixture: string;
+    let referenceMapFixture: Map<string, JsonSchema>;
+
+    let result: unknown;
+
+    beforeAll(async () => {
+      baseUriFixture = 'base://fixture';
+      referenceMapFixture = new Map();
+
+      (
+        getJsonSchemaBaseUri as jest.Mock<typeof getJsonSchemaBaseUri>
+      ).mockReturnValueOnce(baseUriFixture);
+
+      (
+        traverseJsonSchema as jest.Mock<typeof traverseJsonSchema>
+      ).mockReturnValueOnce(undefined);
+
+      result = await dereferenceJsonSchema(
+        derefMock,
+        schemaFixture,
+        referenceMapFixture,
+        uriOptionsFixture,
+      );
+    });
+
+    afterAll(() => {
+      jest.clearAllMocks();
+    });
+
+    it('should call getJsonSchemaBaseUri()', () => {
+      expect(getJsonSchemaBaseUri).toHaveBeenCalledTimes(1);
+      expect(getJsonSchemaBaseUri).toHaveBeenCalledWith(
+        schemaFixture,
+        uriOptionsFixture,
+      );
+    });
+
+    it('should call traverseJsonSchema()', () => {
+      const expectedParams: TraverseJsonSchemaParams = {
+        schema: schemaFixture,
+      };
+
+      expect(traverseJsonSchema).toHaveBeenCalledTimes(1);
+      expect(traverseJsonSchema).toHaveBeenCalledWith(
+        expectedParams,
+        expect.any(Function),
+      );
+    });
+
+    it('should resolve to undefined', () => {
+      expect(result).toBeUndefined();
+    });
+  });
+
+  describe('when called, and traverseJsonSchema() calls callback twice with an schema with a reference', () => {
+    let dereferencedSchemaFixture: JsonSchema;
+    let subSchemaFixture: JsonSchemaObject;
+    let baseUriFixture: string;
+    let referenceMapFixture: Map<string, JsonSchema>;
+
+    let result: unknown;
+
+    beforeAll(async () => {
+      dereferencedSchemaFixture = JsonRootSchemaFixtures.any;
+      subSchemaFixture = JsonRootSchemaFixtures.withRef;
+      baseUriFixture = 'base://fixture';
+      referenceMapFixture = new Map();
+
+      (
+        getJsonSchemaBaseUri as jest.Mock<typeof getJsonSchemaBaseUri>
+      ).mockReturnValueOnce(baseUriFixture);
+
+      (traverseJsonSchema as jest.Mock<typeof traverseJsonSchema>)
+        .mockImplementationOnce(
+          (
+            params: TraverseJsonSchemaParams,
+            callback: (params: TraverseJsonSchemaCallbackParams) => void,
+          ) => {
+            callback({
+              jsonPointer: params.jsonPointer ?? '',
+              parentJsonPointer: params.jsonPointer,
+              parentSchema: schemaFixture,
+              schema: subSchemaFixture,
+            });
+            callback({
+              jsonPointer: params.jsonPointer ?? '',
+              parentJsonPointer: params.jsonPointer,
+              parentSchema: schemaFixture,
+              schema: subSchemaFixture,
+            });
+          },
+        )
+        .mockImplementationOnce(() => undefined);
+
+      derefMock.mockResolvedValueOnce(dereferencedSchemaFixture);
+
+      result = await dereferenceJsonSchema(
+        derefMock,
+        schemaFixture,
+        referenceMapFixture,
+        uriOptionsFixture,
+      );
+    });
+
+    afterAll(() => {
+      jest.clearAllMocks();
+    });
+
+    it('should call getJsonSchemaBaseUri()', () => {
+      expect(getJsonSchemaBaseUri).toHaveBeenCalledTimes(2);
+      expect(getJsonSchemaBaseUri).toHaveBeenNthCalledWith(
+        1,
+        schemaFixture,
+        uriOptionsFixture,
+      );
+      expect(getJsonSchemaBaseUri).toHaveBeenNthCalledWith(
+        2,
+        dereferencedSchemaFixture,
+        uriOptionsFixture,
+      );
+    });
+
+    it('should call traverseJsonSchema()', () => {
+      const expectedFirstParams: TraverseJsonSchemaParams = {
+        schema: schemaFixture,
+      };
+
+      const expectedSecondParams: TraverseJsonSchemaParams = {
+        schema: dereferencedSchemaFixture,
+      };
+
+      expect(traverseJsonSchema).toHaveBeenCalledTimes(2);
+      expect(traverseJsonSchema).toHaveBeenNthCalledWith(
+        1,
+        expectedFirstParams,
+        expect.any(Function),
+      );
+      expect(traverseJsonSchema).toHaveBeenNthCalledWith(
+        2,
+        expectedSecondParams,
+        expect.any(Function),
+      );
+    });
+
+    it('should push references', () => {
+      expect([...referenceMapFixture.entries()]).toStrictEqual([
+        [subSchemaFixture.$ref, dereferencedSchemaFixture],
+      ]);
+    });
+
+    it('should resolve to undefined', () => {
+      expect(result).toBeUndefined();
+    });
+  });
+});
diff --git a/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/dereferenceJsonSchema.ts b/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/dereferenceJsonSchema.ts
new file mode 100644
index 0000000..6fd13ad
--- /dev/null
+++ b/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/dereferenceJsonSchema.ts
@@ -0,0 +1,64 @@
+import { JsonSchema } from '@cuaklabs/json-schema-types/2020-12';
+import { Uri } from '@cuaklabs/uri';
+
+import { traverseJsonSchema } from '../actions/traverseJsonSchema';
+import { DereferenceFunction } from '../models/DereferenceFunction';
+import { TraverseJsonSchemaCallbackParams } from '../models/TraverseJsonSchemaCallbackParams';
+import { UriOptions } from '../models/UriOptions';
+import { getJsonSchemaBaseUri } from './getJsonSchemaBaseUri';
+
+export async function dereferenceJsonSchema(
+  deref: DereferenceFunction,
+  schema: JsonSchema,
+  referenceMap: Map<string, JsonSchema>,
+  uriOptions: UriOptions | undefined,
+): Promise<void> {
+  const baseUri: string = getJsonSchemaBaseUri(schema, uriOptions);
+
+  const schemaUris: string[] = [...new Set(getSchemaUris(schema, baseUri))];
+
+  const missingSchemaUris: string[] = schemaUris.filter(
+    (schemaUri: string) => !referenceMap.has(schemaUri),
+  );
+
+  await Promise.all(
+    missingSchemaUris.map(async (schemaUri: string): Promise<void> => {
+      const dereferencedSchema: JsonSchema = await deref(
+        schema,
+        baseUri,
+        schemaUri,
+      );
+
+      referenceMap.set(schemaUri, dereferencedSchema);
+
+      await dereferenceJsonSchema(
+        deref,
+        dereferencedSchema,
+        referenceMap,
+        uriOptions,
+      );
+    }),
+  );
+}
+
+function getSchemaUris(schema: JsonSchema, baseUri: string): string[] {
+  const schemaUris: string[] = [];
+
+  traverseJsonSchema(
+    {
+      schema,
+    },
+    (params: TraverseJsonSchemaCallbackParams): void => {
+      if (
+        typeof params.schema !== 'boolean' &&
+        params.schema.$ref !== undefined
+      ) {
+        const refUri: string = new Uri(params.schema.$ref, baseUri).toString();
+
+        schemaUris.push(refUri);
+      }
+    },
+  );
+
+  return schemaUris;
+}
diff --git a/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/getJsonSchemaBaseUri.ts b/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/getJsonSchemaBaseUri.ts
index 19afdf5..a94d44f 100644
--- a/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/getJsonSchemaBaseUri.ts
+++ b/packages/parser/json-schema-parser/src/jsonSchema/202012/calculations/getJsonSchemaBaseUri.ts
@@ -1,14 +1,11 @@
 import { JsonSchema } from '@cuaklabs/json-schema-types/2020-12';
 import { getBaseUri } from '@cuaklabs/uri';
 
-export interface GetJsonSchemaBaseUriOptions {
-  encapsulatingDocumentBaseUri?: string | undefined;
-  retrievalUri?: string | undefined;
-}
+import { UriOptions } from '../models/UriOptions';
 
 export function getJsonSchemaBaseUri(
   schema: JsonSchema,
-  options?: GetJsonSchemaBaseUriOptions,
+  options?: UriOptions,
 ): string {
   const documentBaseUri: string | undefined =
     typeof schema === 'boolean' ? undefined : schema.$id;
diff --git a/packages/parser/json-schema-parser/src/jsonSchema/202012/fixtures/JsonRootSchemaFixtures.ts b/packages/parser/json-schema-parser/src/jsonSchema/202012/fixtures/JsonRootSchemaFixtures.ts
index 8be3bff..86e0725 100644
--- a/packages/parser/json-schema-parser/src/jsonSchema/202012/fixtures/JsonRootSchemaFixtures.ts
+++ b/packages/parser/json-schema-parser/src/jsonSchema/202012/fixtures/JsonRootSchemaFixtures.ts
@@ -17,6 +17,13 @@ export class JsonRootSchemaFixtures {
     };
   }
 
+  public static get withRef(): JsonRootSchemaObject {
+    return {
+      ...JsonRootSchemaFixtures.any,
+      $ref: 'https://schema.id',
+    };
+  }
+
   public static get withNoId(): JsonRootSchemaObject {
     const fixture: JsonRootSchemaObject = JsonRootSchemaFixtures.any;
 
diff --git a/packages/parser/json-schema-parser/src/jsonSchema/202012/models/DereferenceFunction.ts b/packages/parser/json-schema-parser/src/jsonSchema/202012/models/DereferenceFunction.ts
new file mode 100644
index 0000000..9411ea6
--- /dev/null
+++ b/packages/parser/json-schema-parser/src/jsonSchema/202012/models/DereferenceFunction.ts
@@ -0,0 +1,7 @@
+import { JsonSchema } from '@cuaklabs/json-schema-types/2020-12';
+
+export type DereferenceFunction = (
+  schema: JsonSchema,
+  baseUri: string,
+  uri: string,
+) => Promise<JsonSchema>;
diff --git a/packages/parser/json-schema-parser/src/jsonSchema/202012/models/UriOptions.ts b/packages/parser/json-schema-parser/src/jsonSchema/202012/models/UriOptions.ts
new file mode 100644
index 0000000..4031044
--- /dev/null
+++ b/packages/parser/json-schema-parser/src/jsonSchema/202012/models/UriOptions.ts
@@ -0,0 +1,4 @@
+export interface UriOptions {
+  encapsulatingDocumentBaseUri?: string | undefined;
+  retrievalUri?: string | undefined;
+}