diff --git a/src/plugins/vis_type_timeseries/common/types/panel_model.ts b/src/plugins/vis_type_timeseries/common/types/panel_model.ts
index 2ac9125534ac7..ff942a30abbdc 100644
--- a/src/plugins/vis_type_timeseries/common/types/panel_model.ts
+++ b/src/plugins/vis_type_timeseries/common/types/panel_model.ts
@@ -161,6 +161,8 @@ export interface Panel {
   series: Series[];
   show_grid: number;
   show_legend: number;
+  truncate_legend?: number;
+  max_lines_legend?: number;
   time_field?: string;
   time_range_mode?: string;
   tooltip_mode?: TOOLTIP_MODES;
diff --git a/src/plugins/vis_type_timeseries/public/application/components/panel_config/timeseries.test.tsx b/src/plugins/vis_type_timeseries/public/application/components/panel_config/timeseries.test.tsx
new file mode 100644
index 0000000000000..02f28f3135880
--- /dev/null
+++ b/src/plugins/vis_type_timeseries/public/application/components/panel_config/timeseries.test.tsx
@@ -0,0 +1,82 @@
+/*
+ * Copyright Elasticsearch B.V. and/or licensed to Elasticsearch B.V. under one
+ * or more contributor license agreements. Licensed under the Elastic License
+ * 2.0 and the Server Side Public License, v 1; you may not use this file except
+ * in compliance with, at your election, the Elastic License 2.0 or the Server
+ * Side Public License, v 1.
+ */
+
+import React from 'react';
+import { shallowWithIntl as shallow } from '@kbn/test/jest';
+
+jest.mock('../lib/get_default_query_language', () => ({
+  getDefaultQueryLanguage: () => 'kuery',
+}));
+
+import { TimeseriesPanelConfig } from './timeseries';
+import { PanelConfigProps } from './types';
+
+describe('TimeseriesPanelConfig', () => {
+  it('sets the number input to the given value', () => {
+    const props = ({
+      fields: {},
+      model: {
+        max_lines_legend: 2,
+      },
+      onChange: jest.fn(),
+    } as unknown) as PanelConfigProps;
+    const wrapper = shallow(<TimeseriesPanelConfig {...props} />);
+    wrapper.instance().setState({ selectedTab: 'options' });
+    expect(
+      wrapper.find('[data-test-subj="timeSeriesEditorDataMaxLegendLines"]').prop('value')
+    ).toEqual(2);
+  });
+
+  it('switches on the truncate legend switch if the prop is set to 1 ', () => {
+    const props = ({
+      fields: {},
+      model: {
+        max_lines_legend: 2,
+        truncate_legend: 1,
+      },
+      onChange: jest.fn(),
+    } as unknown) as PanelConfigProps;
+    const wrapper = shallow(<TimeseriesPanelConfig {...props} />);
+    wrapper.instance().setState({ selectedTab: 'options' });
+    expect(
+      wrapper.find('[data-test-subj="timeSeriesEditorDataTruncateLegendSwitch"]').prop('value')
+    ).toEqual(1);
+  });
+
+  it('switches off the truncate legend switch if the prop is set to 0', () => {
+    const props = ({
+      fields: {},
+      model: {
+        max_lines_legend: 2,
+        truncate_legend: 0,
+      },
+      onChange: jest.fn(),
+    } as unknown) as PanelConfigProps;
+    const wrapper = shallow(<TimeseriesPanelConfig {...props} />);
+    wrapper.instance().setState({ selectedTab: 'options' });
+    expect(
+      wrapper.find('[data-test-subj="timeSeriesEditorDataTruncateLegendSwitch"]').prop('value')
+    ).toEqual(0);
+  });
+
+  it('disables the max lines number input if the truncate legend switch is off', () => {
+    const props = ({
+      fields: {},
+      model: {
+        max_lines_legend: 2,
+        truncate_legend: 0,
+      },
+      onChange: jest.fn(),
+    } as unknown) as PanelConfigProps;
+    const wrapper = shallow(<TimeseriesPanelConfig {...props} />);
+    wrapper.instance().setState({ selectedTab: 'options' });
+    expect(
+      wrapper.find('[data-test-subj="timeSeriesEditorDataMaxLegendLines"]').prop('disabled')
+    ).toEqual(true);
+  });
+});
diff --git a/src/plugins/vis_type_timeseries/public/application/components/panel_config/timeseries.tsx b/src/plugins/vis_type_timeseries/public/application/components/panel_config/timeseries.tsx
index cdad8c1aeff4b..25e6c7906d831 100644
--- a/src/plugins/vis_type_timeseries/public/application/components/panel_config/timeseries.tsx
+++ b/src/plugins/vis_type_timeseries/public/application/components/panel_config/timeseries.tsx
@@ -23,6 +23,7 @@ import {
   EuiFieldText,
   EuiTitle,
   EuiHorizontalRule,
+  EuiFieldNumber,
 } from '@elastic/eui';
 
 // @ts-expect-error not typed yet
@@ -102,6 +103,9 @@ const legendPositionOptions = [
   },
 ];
 
+const MAX_TRUNCATE_LINES = 5;
+const MIN_TRUNCATE_LINES = 1;
+
 export class TimeseriesPanelConfig extends Component<
   PanelConfigProps,
   { selectedTab: PANEL_CONFIG_TABS }
@@ -344,7 +348,7 @@ export class TimeseriesPanelConfig extends Component<
                   />
                 </EuiFormLabel>
               </EuiFlexItem>
-              <EuiFlexItem>
+              <EuiFlexItem grow={false}>
                 <ColorPicker
                   onChange={this.props.onChange}
                   name="background_color"
@@ -352,63 +356,109 @@ export class TimeseriesPanelConfig extends Component<
                 />
               </EuiFlexItem>
               <EuiFlexItem grow={false}>
-                <EuiFormRow
-                  label={i18n.translate('visTypeTimeseries.timeseries.optionsTab.showLegendLabel', {
-                    defaultMessage: 'Show legend?',
-                  })}
-                >
-                  <YesNo
-                    value={model.show_legend}
-                    name="show_legend"
-                    onChange={this.props.onChange}
+                <EuiFormLabel>
+                  <FormattedMessage
+                    id="visTypeTimeseries.timeseries.optionsTab.displayGridLabel"
+                    defaultMessage="Display grid"
                   />
-                </EuiFormRow>
+                </EuiFormLabel>
               </EuiFlexItem>
               <EuiFlexItem grow={false}>
-                <EuiFormLabel htmlFor={htmlId('legendPos')}>
+                <YesNo value={model.show_grid} name="show_grid" onChange={this.props.onChange} />
+              </EuiFlexItem>
+              <EuiFlexItem grow={false}>
+                <EuiFormLabel>
                   <FormattedMessage
-                    id="visTypeTimeseries.timeseries.optionsTab.legendPositionLabel"
-                    defaultMessage="Legend position"
+                    id="visTypeTimeseries.timeseries.optionsTab.tooltipMode"
+                    defaultMessage="Tooltip"
                   />
                 </EuiFormLabel>
               </EuiFlexItem>
-              <EuiFlexItem>
+              <EuiFlexItem grow={false}>
                 <EuiComboBox
                   isClearable={false}
-                  id={htmlId('legendPos')}
-                  options={legendPositionOptions}
-                  selectedOptions={selectedLegendPosOption ? [selectedLegendPosOption] : []}
-                  onChange={handleSelectChange('legend_position')}
+                  id={htmlId('tooltipMode')}
+                  options={tooltipModeOptions}
+                  selectedOptions={selectedTooltipMode ? [selectedTooltipMode] : []}
+                  onChange={handleSelectChange('tooltip_mode')}
                   singleSelection={{ asPlainText: true }}
                 />
               </EuiFlexItem>
+            </EuiFlexGroup>
+            <EuiFlexGroup responsive={false} wrap={true} alignItems="center">
               <EuiFlexItem grow={false}>
-                <EuiFormRow
-                  label={i18n.translate(
-                    'visTypeTimeseries.timeseries.optionsTab.displayGridLabel',
-                    {
-                      defaultMessage: 'Display grid',
-                    }
-                  )}
-                >
-                  <YesNo value={model.show_grid} name="show_grid" onChange={this.props.onChange} />
-                </EuiFormRow>
+                <EuiFormLabel>
+                  <FormattedMessage
+                    id="visTypeTimeseries.timeseries.optionsTab.showLegendLabel"
+                    defaultMessage="Show legend?"
+                  />
+                </EuiFormLabel>
+              </EuiFlexItem>
+              <EuiFlexItem grow={false}>
+                <YesNo
+                  value={model.show_legend}
+                  name="show_legend"
+                  onChange={this.props.onChange}
+                />
               </EuiFlexItem>
               <EuiFlexItem grow={false}>
                 <EuiFormLabel>
                   <FormattedMessage
-                    id="visTypeTimeseries.timeseries.optionsTab.tooltipMode"
-                    defaultMessage="Tooltip"
+                    id="visTypeTimeseries.timeseries.optionsTab.truncateLegendLabel"
+                    defaultMessage="Truncate legend?"
                   />
                 </EuiFormLabel>
               </EuiFlexItem>
-              <EuiFlexItem>
+              <EuiFlexItem grow={false}>
+                <YesNo
+                  value={model.truncate_legend}
+                  name="truncate_legend"
+                  onChange={this.props.onChange}
+                  data-test-subj="timeSeriesEditorDataTruncateLegendSwitch"
+                />
+              </EuiFlexItem>
+              <EuiFlexItem grow={false}>
+                <EuiFormLabel>
+                  <FormattedMessage
+                    id="visTypeTimeseries.timeseries.optionsTab.maxLinesLabel"
+                    defaultMessage="Maximum legend lines"
+                  />
+                </EuiFormLabel>
+              </EuiFlexItem>
+              <EuiFlexItem grow={false}>
+                <EuiFieldNumber
+                  data-test-subj="timeSeriesEditorDataMaxLegendLines"
+                  value={model.max_lines_legend}
+                  min={MIN_TRUNCATE_LINES}
+                  max={MAX_TRUNCATE_LINES}
+                  compressed
+                  disabled={!Boolean(model.truncate_legend)}
+                  onChange={(e) => {
+                    const val = Number(e.target.value);
+                    this.props.onChange({
+                      max_lines_legend: Math.min(
+                        MAX_TRUNCATE_LINES,
+                        Math.max(val, MIN_TRUNCATE_LINES)
+                      ),
+                    });
+                  }}
+                />
+              </EuiFlexItem>
+              <EuiFlexItem grow={false}>
+                <EuiFormLabel htmlFor={htmlId('legendPos')}>
+                  <FormattedMessage
+                    id="visTypeTimeseries.timeseries.optionsTab.legendPositionLabel"
+                    defaultMessage="Legend position"
+                  />
+                </EuiFormLabel>
+              </EuiFlexItem>
+              <EuiFlexItem grow={false}>
                 <EuiComboBox
                   isClearable={false}
-                  id={htmlId('tooltipMode')}
-                  options={tooltipModeOptions}
-                  selectedOptions={selectedTooltipMode ? [selectedTooltipMode] : []}
-                  onChange={handleSelectChange('tooltip_mode')}
+                  id={htmlId('legendPos')}
+                  options={legendPositionOptions}
+                  selectedOptions={selectedLegendPosOption ? [selectedLegendPosOption] : []}
+                  onChange={handleSelectChange('legend_position')}
                   singleSelection={{ asPlainText: true }}
                 />
               </EuiFlexItem>
diff --git a/src/plugins/vis_type_timeseries/public/application/components/vis_types/timeseries/vis.js b/src/plugins/vis_type_timeseries/public/application/components/vis_types/timeseries/vis.js
index 097b0a7b5e332..d9440804701b2 100644
--- a/src/plugins/vis_type_timeseries/public/application/components/vis_types/timeseries/vis.js
+++ b/src/plugins/vis_type_timeseries/public/application/components/vis_types/timeseries/vis.js
@@ -238,6 +238,8 @@ class TimeseriesVisualization extends Component {
             showGrid={Boolean(model.show_grid)}
             legend={Boolean(model.show_legend)}
             legendPosition={model.legend_position}
+            truncateLegend={Boolean(model.truncate_legend)}
+            maxLegendLines={model.max_lines_legend}
             tooltipMode={model.tooltip_mode}
             xAxisFormatter={this.xAxisFormatter(interval)}
             annotations={this.prepareAnnotations()}
diff --git a/src/plugins/vis_type_timeseries/public/application/visualizations/views/timeseries/index.js b/src/plugins/vis_type_timeseries/public/application/visualizations/views/timeseries/index.js
index a818d1d5843de..b470352eec56a 100644
--- a/src/plugins/vis_type_timeseries/public/application/visualizations/views/timeseries/index.js
+++ b/src/plugins/vis_type_timeseries/public/application/visualizations/views/timeseries/index.js
@@ -56,6 +56,8 @@ export const TimeSeries = ({
   showGrid,
   legend,
   legendPosition,
+  truncateLegend,
+  maxLegendLines,
   tooltipMode,
   series,
   yAxis,
@@ -172,6 +174,9 @@ export const TimeSeries = ({
             background: {
               color: backgroundColor,
             },
+            legend: {
+              labelOptions: { maxLines: truncateLegend ? maxLegendLines ?? 1 : 0 },
+            },
           },
           chartTheme,
         ]}
@@ -216,6 +221,7 @@ export const TimeSeries = ({
             lines,
             data,
             hideInLegend,
+            truncateLegend,
             xScaleType,
             yScaleType,
             groupId,
@@ -249,6 +255,7 @@ export const TimeSeries = ({
                 name={getValueOrEmpty(seriesName)}
                 data={data}
                 hideInLegend={hideInLegend}
+                truncateLegend={truncateLegend}
                 bars={bars}
                 color={finalColor}
                 stackAccessors={stackAccessors}
@@ -274,6 +281,7 @@ export const TimeSeries = ({
                 name={getValueOrEmpty(seriesName)}
                 data={data}
                 hideInLegend={hideInLegend}
+                truncateLegend={truncateLegend}
                 lines={lines}
                 color={finalColor}
                 stackAccessors={stackAccessors}
@@ -336,6 +344,8 @@ TimeSeries.propTypes = {
   showGrid: PropTypes.bool,
   legend: PropTypes.bool,
   legendPosition: PropTypes.string,
+  truncateLegend: PropTypes.bool,
+  maxLegendLines: PropTypes.number,
   series: PropTypes.array,
   yAxis: PropTypes.array,
   onBrush: PropTypes.func,
diff --git a/src/plugins/vis_type_timeseries/public/metrics_type.ts b/src/plugins/vis_type_timeseries/public/metrics_type.ts
index d639604c7cd29..b68812b9828e3 100644
--- a/src/plugins/vis_type_timeseries/public/metrics_type.ts
+++ b/src/plugins/vis_type_timeseries/public/metrics_type.ts
@@ -93,6 +93,8 @@ export const metricsVisDefinition: VisTypeDefinition<
       axis_formatter: 'number',
       axis_scale: 'normal',
       show_legend: 1,
+      truncate_legend: 1,
+      max_lines_legend: 1,
       show_grid: 1,
       tooltip_mode: TOOLTIP_MODES.SHOW_ALL,
       drop_last_bucket: 0,
diff --git a/x-pack/yarn.lock b/x-pack/yarn.lock
index def2ba279bfff..fb57ccd13afbd 100644
--- a/x-pack/yarn.lock
+++ b/x-pack/yarn.lock
@@ -2,30 +2,3 @@
 # yarn lockfile v1
 
 
-"@kbn/interpreter@link:../packages/kbn-interpreter":
-  version "0.0.0"
-  uid ""
-
-"@kbn/optimizer@link:../packages/kbn-optimizer":
-  version "0.0.0"
-  uid ""
-
-"@kbn/plugin-helpers@link:../packages/kbn-plugin-helpers":
-  version "0.0.0"
-  uid ""
-
-"@kbn/storybook@link:../packages/kbn-storybook":
-  version "0.0.0"
-  uid ""
-
-"@kbn/test@link:../packages/kbn-test":
-  version "0.0.0"
-  uid ""
-
-"@kbn/ui-framework@link:../packages/kbn-ui-framework":
-  version "0.0.0"
-  uid ""
-
-"@kbn/ui-shared-deps@link:../packages/kbn-ui-shared-deps":
-  version "0.0.0"
-  uid ""