diff --git a/src/backend/InvenTree/common/migrations/0044_note.py b/src/backend/InvenTree/common/migrations/0044_note.py
index 68ff194a47..733d8fc201 100644
--- a/src/backend/InvenTree/common/migrations/0044_note.py
+++ b/src/backend/InvenTree/common/migrations/0044_note.py
@@ -106,4 +106,18 @@ class Migration(migrations.Migration):
                 models.Model,
             ),
         ),
+        # Once the 'Note' model has been created, we can add the foreign key to the 'NotesImage' model
+        # This will (initially) allow null values, so that existing images are not affected
+        # After the data migration, we will come back and mark this field as non-nullable
+        migrations.AddField(
+            model_name="notesimage",
+            name="note",
+            field=models.ForeignKey(
+                blank=True,
+                null=True,
+                on_delete=django.db.models.deletion.SET_NULL,
+                to="common.note",
+                related_name='images',
+            ),
+        ),
     ]
diff --git a/src/backend/InvenTree/common/models.py b/src/backend/InvenTree/common/models.py
index 2aadccf933..383f2d9f1e 100644
--- a/src/backend/InvenTree/common/models.py
+++ b/src/backend/InvenTree/common/models.py
@@ -1767,42 +1767,6 @@ class NewsFeedEntry(models.Model):
     )
 
 
-def rename_notes_image(instance, filename):
-    """Function for renaming uploading image file. Will store in the 'notes' directory."""
-    fname = os.path.basename(filename)
-    return os.path.join('notes', fname)
-
-
-class NotesImage(models.Model):
-    """Model for storing uploading images for the 'notes' fields of various models.
-
-    Simply stores the image file, for use in the 'notes' field (of any models which support markdown).
-    """
-
-    image = models.ImageField(
-        upload_to=rename_notes_image, verbose_name=_('Image'), help_text=_('Image file')
-    )
-
-    user = models.ForeignKey(User, on_delete=models.SET_NULL, null=True, blank=True)
-
-    date = models.DateTimeField(auto_now_add=True)
-
-    model_type = models.CharField(
-        max_length=100,
-        blank=True,
-        null=True,
-        validators=[common.validators.validate_notes_model_type],
-        help_text=_('Target model type for this image'),
-    )
-
-    model_id = models.IntegerField(
-        help_text=_('Target model ID for this image'),
-        blank=True,
-        null=True,
-        default=None,
-    )
-
-
 class CustomUnit(models.Model):
     """Model for storing custom physical unit definitions.
 
@@ -3119,6 +3083,46 @@ class Note(
     )
 
 
+def rename_notes_image(instance, filename):
+    """Function for renaming uploading image file. Will store in the 'notes' directory."""
+    fname = os.path.basename(filename)
+    return os.path.join('notes', fname)
+
+
+class NotesImage(models.Model):
+    """Model for storing uploading images for the 'notes' fields of various models.
+
+    Simply stores the image file, for use in the 'notes' field (of any models which support markdown).
+    """
+
+    image = models.ImageField(
+        upload_to=rename_notes_image, verbose_name=_('Image'), help_text=_('Image file')
+    )
+
+    user = models.ForeignKey(User, on_delete=models.SET_NULL, null=True, blank=True)
+
+    date = models.DateTimeField(auto_now_add=True)
+
+    model_type = models.CharField(
+        max_length=100,
+        blank=True,
+        null=True,
+        validators=[common.validators.validate_notes_model_type],
+        help_text=_('Target model type for this image'),
+    )
+
+    model_id = models.IntegerField(
+        help_text=_('Target model ID for this image'),
+        blank=True,
+        null=True,
+        default=None,
+    )
+
+    note = models.ForeignKey(
+        Note, on_delete=models.SET_NULL, null=True, blank=True, related_name='images'
+    )
+
+
 class BarcodeScanResult(InvenTree.models.InvenTreeModel):
     """Model for storing barcode scans results."""