diff --git a/installer/data/mysql/atomicupdate/bug_31698.pl b/installer/data/mysql/atomicupdate/bug_31698.pl
new file mode 100755
index 0000000000..7ca94bcb7e
--- /dev/null
+++ b/installer/data/mysql/atomicupdate/bug_31698.pl
@@ -0,0 +1,20 @@
+use Modern::Perl;
+use Koha::Installer::Output qw(say_warning say_success say_info);
+
+return {
+    bug_number  => "31698",
+    description => "Add a new permission for moving holds",
+    up          => sub {
+        my ($args) = @_;
+        my ( $dbh, $out ) = @$args{qw(dbh out)};
+
+        # Do you stuffs here
+        $dbh->do(
+            q{
+            INSERT IGNORE permissions (module_bit, code, description) VALUES (6, 'alter_hold_targets', 'Move holds between items and records')
+
+        }
+        );
+        say $out "Added new permission 'alter_hold_targets'";
+    },
+};
diff --git a/installer/data/mysql/mandatory/userpermissions.sql b/installer/data/mysql/mandatory/userpermissions.sql
index 87ce0a84d3..5c79972766 100644
--- a/installer/data/mysql/mandatory/userpermissions.sql
+++ b/installer/data/mysql/mandatory/userpermissions.sql
@@ -52,6 +52,7 @@ INSERT INTO permissions (module_bit, code, description) VALUES
    ( 4, 'view_borrower_infos_from_any_libraries', 'View patron infos from any libraries'),
    ( 6, 'place_holds', 'Place holds for patrons'),
    ( 6, 'modify_holds_priority', 'Modify holds priority'),
+   ( 6, 'alter_hold_targets', 'Move holds between items and records'),
    ( 9, 'edit_catalogue', 'Edit catalog (Modify bibliographic/holdings data)'),
    ( 9, 'fast_cataloging', 'Fast cataloging'),
    ( 9, 'advanced_editor', 'Use the advanced cataloging editor (requires edit_catalogue)'),
diff --git a/koha-tmpl/intranet-tmpl/prog/en/includes/permissions.inc b/koha-tmpl/intranet-tmpl/prog/en/includes/permissions.inc
index 1c19545e10..7e081216f5 100644
--- a/koha-tmpl/intranet-tmpl/prog/en/includes/permissions.inc
+++ b/koha-tmpl/intranet-tmpl/prog/en/includes/permissions.inc
@@ -248,6 +248,9 @@
     [%- CASE 'place_holds' -%]
         <span class="sub_permission place_holds_subpermission"> Place holds for patrons </span>
         <span class="permissioncode">([% name | html %])</span>
+    [%- CASE 'alter_hold_targets' -%]
+        <span class="sub_permission place_holds_subpermission"> Move holds between items and records </span>
+        <span class="permissioncode">([% name | html %])</span>
     [%- CASE 'delete_all_items' -%]
         <span class="sub_permission delete_all_items_subpermission"> Delete all items at once </span>
         <span class="permissioncode">([% name | html %])</span>