diff --git a/src/common/transformations/src/transformations/mlir/convert.cpp b/src/common/transformations/src/transformations/mlir/convert.cpp
index b978ee314b3667..a755b033cb6264 100644
--- a/src/common/transformations/src/transformations/mlir/convert.cpp
+++ b/src/common/transformations/src/transformations/mlir/convert.cpp
@@ -7,16 +7,18 @@
 #include <algorithm>
 #include <functional>
 #include <openvino/op/add.hpp>
-#include <openvino/op/subtract.hpp>
-#include <openvino/op/multiply.hpp>
 #include <openvino/op/divide.hpp>
-
+#include <openvino/op/multiply.hpp>
+#include <openvino/op/relu.hpp>
+#include <openvino/op/subtract.hpp>
 #include <openvino/pass/graph_rewrite.hpp>
 #include <openvino/pass/manager.hpp>
 #include <openvino/pass/pattern/op/wrap_type.hpp>
 #include <unordered_map>
 
 // TODO: Prune unused headers -- it's hard to understand needed ones
+#include "conversion_context.hpp"
+#include "convert_common.hpp"
 #include "llvm/MC/TargetRegistry.h"
 #include "llvm/Support/Casting.h"
 #include "llvm/Support/InitLLVM.h"
@@ -55,20 +57,16 @@
 #include "mlir/Target/LLVMIR/Dialect/All.h"
 #include "mlir/Target/LLVMIR/Export.h"
 #include "mlir/Target/LLVMIR/ModuleTranslation.h"
+#include "mlir_op.hpp"
+#include "op/matmul.hpp"
+#include "op/relu.hpp"
 #include "openvino/core/dimension.hpp"
 #include "openvino/core/rt_info.hpp"
-#include "openvino/pass/pattern/op/wrap_type.hpp"
-#include "transformations_visibility.hpp"
 #include "openvino/core/symbol.hpp"
-
-#include "transformations/symbolic_transformations/symbolic_optimizations.hpp"
-
-#include "mlir_op.hpp"
-#include "convert_common.hpp"
+#include "openvino/pass/pattern/op/wrap_type.hpp"
 #include "subgraph_tracker.hpp"
-#include "conversion_context.hpp"
-#include "op/matmul.hpp"
-
+#include "transformations/symbolic_transformations/symbolic_optimizations.hpp"
+#include "transformations_visibility.hpp"
 
 namespace {
 
@@ -269,47 +267,12 @@ class Partitioner : public ov::pass::ModelPass {
     }
 };
 
-
-bool elementwise_f32_binary_no_broadcast_predicate(const ov::Output<ov::Node>& output) {
-    if(output.get_element_type() != ov::element::f32) {
-        return false;
-    }
-    // Check if implicit broadcast is possible, reject in this case
-    // Relies on symbolic information -- register SymbolicPropagation before applying this pattern
-    auto input_shape_a = output.get_node_shared_ptr()->get_input_partial_shape(0);
-    auto input_shape_b = output.get_node_shared_ptr()->get_input_partial_shape(1);
-    auto output_shape = output.get_partial_shape();
-    if(output_shape.rank().is_dynamic() || input_shape_a.rank().is_dynamic() || input_shape_b.rank().is_dynamic()) {
-        return false;
-    }
-    if(output_shape.rank().get_length() != input_shape_a.rank().get_length() || output_shape.rank().get_length() != input_shape_b.rank().get_length()) {
-        return false;
-    }
-
-    for(size_t i = 0; i < output_shape.size(); ++i) {
-        if(output_shape[i] != input_shape_a[i] || output_shape[i] != input_shape_b[i]) {
-            return false;
-        }
-        // Continue if all shapes are static.
-        if (output_shape[i].is_static() && input_shape_a[i].is_static() &&
-            input_shape_b[i].is_static())
-            continue;
-        if(!ov::symbol::are_equal(output_shape[i].get_symbol(), input_shape_a[i].get_symbol()) || !ov::symbol::are_equal(output_shape[i].get_symbol(), input_shape_b[i].get_symbol())) {
-            return false;
-        }
-    }
-
-    return true;
-}
-
-
 template <typename Op>
 NodePtr elementwise_f32_binary_no_broadcast() {
     using namespace ov::pass::pattern;
-    return wrap_type<Op>({any_input(), any_input()}, elementwise_f32_binary_no_broadcast_predicate);
+    return wrap_type<Op>({any_input(), any_input()}, elementwise_no_broadcast_predicate<ov::element::f32>);
 }
 
-
 void injectMLIR(std::shared_ptr<ov::Model> model, MLIRContext* context) {
     ov::pass::Manager manager;
     using namespace ov::op;
@@ -319,6 +282,7 @@ void injectMLIR(std::shared_ptr<ov::Model> model, MLIRContext* context) {
     manager.register_pass<MarkPattern>(elementwise_f32_binary_no_broadcast<v1::Subtract>(), ConvertBinary<linalg::SubOp>());
     manager.register_pass<MarkPattern>(elementwise_f32_binary_no_broadcast<v1::Multiply>(), ConvertBinary<linalg::MulOp>());
     manager.register_pass<MarkPattern>(elementwise_f32_binary_no_broadcast<v1::Divide>(), ConvertBinary<linalg::DivOp>());
+    manager.register_pass<ReluPattern>();
     manager.register_pass<MatMulPattern>();
     manager.register_pass<Partitioner>(context);
     manager.run_passes(model);
diff --git a/src/common/transformations/src/transformations/mlir/convert_common.cpp b/src/common/transformations/src/transformations/mlir/convert_common.cpp
index f7c917af1a23cb..6bca04c759a356 100644
--- a/src/common/transformations/src/transformations/mlir/convert_common.cpp
+++ b/src/common/transformations/src/transformations/mlir/convert_common.cpp
@@ -128,5 +128,42 @@ Location createLocation(MLIRContext* ctx, NodePtr node) {
     return createLayerLocation(ctx, node->get_friendly_name(), node->get_type_name());
 }
 
+bool elementwise_no_broadcast_predicate_impl(const ov::Output<ov::Node>& output, ov::element::Type type) {
+    if (output.get_element_type() != type) {
+        return false;
+    }
+    // Check if implicit broadcast is possible, reject in this case
+    // Relies on symbolic information -- register SymbolicPropagation before applying this pattern
+    auto inputs = output.get_node_shared_ptr()->inputs();
+    auto output_shape = output.get_partial_shape();
+    if (output_shape.rank().is_dynamic()) {
+        return false;
+    }
+    if (std::any_of(inputs.begin(), inputs.end(), [&](const ov::Input<ov::Node>& input) {
+            auto input_shape = input.get_partial_shape();
+            return input_shape.rank().is_dynamic() ||
+                   output_shape.rank().get_length() != input_shape.rank().get_length();
+        })) {
+        return false;
+    }
+
+    if (std::any_of(inputs.begin(), inputs.end(), [&](const ov::Input<ov::Node>& input) {
+            for (size_t i = 0; i < output_shape.size(); ++i) {
+                auto input_shape = input.get_partial_shape();
+                if (output_shape[i] != input_shape[i])
+                    return true;
+                if (output_shape[i].is_static() && input_shape[i].is_static())
+                    continue;
+                if (!ov::symbol::are_equal(output_shape[i].get_symbol(), input_shape[i].get_symbol()))
+                    return true;
+            }
+            return false;
+        })) {
+        return false;
+    }
+
+    return true;
+}
+
 } // namespace mlir
 } // namespace ov
\ No newline at end of file
diff --git a/src/common/transformations/src/transformations/mlir/convert_common.hpp b/src/common/transformations/src/transformations/mlir/convert_common.hpp
index 7fd19fe875eb80..a33c99e6bedc57 100644
--- a/src/common/transformations/src/transformations/mlir/convert_common.hpp
+++ b/src/common/transformations/src/transformations/mlir/convert_common.hpp
@@ -30,6 +30,13 @@ RankedTensorType importTensor(MLIRContext* ctx,
 
 Location createLocation(MLIRContext* ctx, NodePtr node);
 
+bool elementwise_no_broadcast_predicate_impl(const ov::Output<ov::Node>& output, ov::element::Type type);
+
+template <ov::element::Type_t type>
+bool elementwise_no_broadcast_predicate(const ov::Output<ov::Node>& output) {
+    return elementwise_no_broadcast_predicate_impl(output, type);
+}
+
 // Borrowed it from TPP-MLIR. FIXME: Do we have a better upstreamed alternative?
 template <typename T>
 mlir::arith::ConstantOp getConstant(OpBuilder &builder, const ov::element::Type& precision, T value) {
diff --git a/src/common/transformations/src/transformations/mlir/mlir_op.cpp b/src/common/transformations/src/transformations/mlir/mlir_op.cpp
index 8e7c4e1ce7d9db..51a7a8598f7c88 100644
--- a/src/common/transformations/src/transformations/mlir/mlir_op.cpp
+++ b/src/common/transformations/src/transformations/mlir/mlir_op.cpp
@@ -80,12 +80,24 @@ void prepareMLIRKernelWithoutWrapper(mlir::OwningOpRef<mlir::ModuleOp>& module)
     pm.addPass(bufferization::createEmptyTensorEliminationPass());
 
     pm.addPass(bufferization::createOneShotBufferizePass());
-    // TODO: Add deallocation pass/pipeline to avoid memory leaks.
+    pm.addNestedPass<func::FuncOp>(bufferization::createFinalizingBufferizePass());
 
     // Cleanup after bufferization - possibly remove redundant copies.
     pm.addNestedPass<func::FuncOp>(createCanonicalizerPass());
     pm.addNestedPass<func::FuncOp>(createCSEPass());
 
+    // Deallocation pipeline to avoid memory leaks from created temporary buffers.
+    pm.addPass(memref::createExpandReallocPass(/*emitDeallocs=*/false));
+    pm.addPass(createCanonicalizerPass());
+    bufferization::DeallocationOptions deallocOpts;
+    deallocOpts.privateFuncDynamicOwnership = false;
+    pm.addPass(bufferization::createOwnershipBasedBufferDeallocationPass(deallocOpts));
+    pm.addPass(createCanonicalizerPass());
+    pm.addPass(bufferization::createBufferDeallocationSimplificationPass());
+    pm.addPass(bufferization::createLowerDeallocationsPass());
+    pm.addPass(createCSEPass());
+    pm.addPass(createCanonicalizerPass());
+
     // Blanket-convert any remaining high-level vector ops to loops if any remain.
     pm.addNestedPass<func::FuncOp>(createConvertVectorToSCFPass());
     // pm.addNestedPass<func::FuncOp>(createLinalgGeneralizeNamedOpsPass());
diff --git a/src/common/transformations/src/transformations/mlir/op/relu.cpp b/src/common/transformations/src/transformations/mlir/op/relu.cpp
new file mode 100644
index 00000000000000..a25f571f61cddf
--- /dev/null
+++ b/src/common/transformations/src/transformations/mlir/op/relu.cpp
@@ -0,0 +1,59 @@
+// Copyright (C) 2018-2024 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include "mlir/Dialect/Tensor/IR/Tensor.h"
+#include "mlir/Dialect/Linalg/Passes.h"
+
+#include <openvino/op/relu.hpp>
+#include "openvino/pass/pattern/op/wrap_type.hpp"
+
+#include "relu.hpp"
+#include "../convert_common.hpp"
+
+namespace {
+
+using namespace ov::mlir;
+
+struct ConvertRelu {
+    void operator()(ConversionContext& context, NodePtr node) {
+        auto loc = createLocation(context.context, node);
+        auto& builder = context.builder();
+        // TODO: Support broadcasts
+        const auto input = context.getInputs(node)[0];
+        const auto ov_output_element_type = node->get_output_element_type(0);
+        const auto ov_output_shape = node->get_output_partial_shape(0);
+        auto outType = importTensor(context.context, ov_output_shape, ov_output_element_type);
+        // Named unary ops directly overwrite data in `outs` buffer so, there is no need to provide non-empty
+        // destination at the tensor-level.
+        // Use `tensor.empty` to avoid temporary buffer allocation and memcpy after bufferization.
+        llvm::SmallVector<Value> dynamicSizes;
+        for (auto [idx, dim] : llvm::enumerate(outType.getShape())) {
+            if (!mlir::ShapedType::isDynamic(dim))
+                continue;
+            auto dimSize = builder.create<tensor::DimOp>(loc, input, idx);
+            dynamicSizes.push_back(dimSize);
+        }
+        auto empty = builder.create<tensor::EmptyOp>(loc, outType, dynamicSizes);
+        auto zero = getConstant(builder, ov_output_element_type, 0);
+        auto fill = builder.create<linalg::FillOp>(loc, mlir::ValueRange{zero}, mlir::ValueRange{empty});
+        auto relu =
+            builder.create<linalg::MaxOp>(loc, mlir::ValueRange{input, fill.getResult(0)}, mlir::ValueRange{empty});
+        context.addOutputs(node, relu);
+    }
+};
+
+}  // namespace
+
+namespace ov {
+namespace mlir {
+
+using namespace ov::pass::pattern;
+using namespace ov::op;
+
+ReluPattern::ReluPattern()
+    : MarkPattern(wrap_type<v0::Relu>({any_input()}, elementwise_no_broadcast_predicate<ov::element::f32>),
+                  ConvertRelu()) {}
+
+}  // namespace mlir
+}  // namespace ov
diff --git a/src/common/transformations/src/transformations/mlir/op/relu.hpp b/src/common/transformations/src/transformations/mlir/op/relu.hpp
new file mode 100644
index 00000000000000..a51c7366d834fb
--- /dev/null
+++ b/src/common/transformations/src/transformations/mlir/op/relu.hpp
@@ -0,0 +1,23 @@
+// Copyright (C) 2018-2024 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#pragma once
+
+#include "mlir/IR/Builders.h"
+#include "mlir/IR/MLIRContext.h"
+#include "mlir/IR/Value.h"
+
+#include "../conversion_context.hpp"
+
+namespace ov {
+namespace mlir {
+
+class ReluPattern : public MarkPattern {
+public:
+    OPENVINO_RTTI("ReluPattern", "0");
+    ReluPattern();
+};
+
+}  // namespace mlir
+}  // namespace ov