diff --git a/ddtrace/debugging/_exception/replay.py b/ddtrace/debugging/_exception/replay.py
index 080b4cbfc61..c9da69bb5b2 100644
--- a/ddtrace/debugging/_exception/replay.py
+++ b/ddtrace/debugging/_exception/replay.py
@@ -21,6 +21,7 @@
 from ddtrace.internal.rate_limiter import BudgetRateLimiterWithJitter as RateLimiter
 from ddtrace.internal.rate_limiter import RateLimitExceeded
 from ddtrace.internal.utils.time import HourGlass
+from ddtrace.settings.exception_replay import config
 
 
 log = get_logger(__name__)
@@ -225,7 +226,9 @@ def on_span_exception(
 
         seq = count(1)  # 1-based sequence number
 
-        while chain:
+        frames_captured = 0
+
+        while chain and frames_captured <= config.max_frames:
             exc, _tb = chain.pop()  # LIFO: reverse the chain
 
             if _tb is None or _tb.tb_frame is None:
@@ -233,7 +236,7 @@ def on_span_exception(
                 continue
 
             # DEV: We go from the handler up to the root exception
-            while _tb:
+            while _tb and frames_captured <= config.max_frames:
                 frame = _tb.tb_frame
                 code = frame.f_code
                 seq_nr = next(seq)
@@ -263,6 +266,9 @@ def on_span_exception(
                         # Memoize
                         frame.f_locals[SNAPSHOT_KEY] = snapshot_id = snapshot.uuid
 
+                        # Count
+                        frames_captured += 1
+
                     # Add correlation tags on the span
                     span.set_tag_str(FRAME_SNAPSHOT_ID_TAG % seq_nr, snapshot_id)
                     span.set_tag_str(FRAME_FUNCTION_TAG % seq_nr, code.co_name)
diff --git a/ddtrace/settings/exception_replay.py b/ddtrace/settings/exception_replay.py
index c78ae29b73d..d714e623481 100644
--- a/ddtrace/settings/exception_replay.py
+++ b/ddtrace/settings/exception_replay.py
@@ -14,6 +14,12 @@ class ExceptionReplayConfig(En):
         help="Enable automatic capturing of exception debugging information",
         deprecations=[("debugging.enabled", None, "3.0")],
     )
+    max_frames = En.v(
+        "replay.capture_max_frames",
+        default=float("inf"),
+        help_type="int",
+        help="The maximum number of frames to capture for each exception",
+    )
 
 
 config = ExceptionReplayConfig()