diff --git a/docs/synthesis.md b/docs/synthesis.md
index fae24a9da..6b7186d23 100644
--- a/docs/synthesis.md
+++ b/docs/synthesis.md
@@ -32,5 +32,17 @@ Synthesized @ 1.1 ns, worst case, UMC65
 | Buffer        | 342                 | 2276                |
 | **Total**     | **55490 (~39 kGE)** | **29327 (~20 kGE)** |
 
+## TLB
+
+Synthesized @ 0.6 ns, worst case, UMC65
+
+|    **Type**   |    **32 entries**   |   |
+|---------------|---------------------|---|
+| Sequential    | 14185               |   |
+| Combinatorial | 18607               |   |
+| Buffer        | 2642                |   |
+| **Total**     | **32793 (~23 kGE)** |   |
+
+The address generation unit has a delay of 0.4 ns (WC).
 
 
diff --git a/include/ariane_pkg.svh b/include/ariane_pkg.svh
index af3186842..f04ded0a3 100644
--- a/include/ariane_pkg.svh
+++ b/include/ariane_pkg.svh
@@ -153,6 +153,22 @@ package ariane_pkg;
       PRIV_LVL_S = 2'b01,
       PRIV_LVL_U = 2'b00
     } priv_lvl_t;
+    // memory management, pte
+    typedef struct packed {
+        logic[37:0] ppn;
+        logic[1:0] sw_reserved;
+        logic d;
+        logic a;
+        logic g;
+        logic u;
+        logic x;
+        logic w;
+        logic r;
+        logic v;
+    } pte_t;
+    // Bits required for representation of physical address space as 4K pages
+    // (e.g. 27*4K == 39bit address space).
+    localparam PPN4K_WIDTH = 38;
 
     // ----------------------
     // Exception Cause Codes
diff --git a/ptw.sv b/ptw.sv
index e69de29bb..9b5e385eb 100644
--- a/ptw.sv
+++ b/ptw.sv
@@ -0,0 +1,126 @@
+
+// Author: David Schaffenrath, TU Graz - Florian Zaruba, ETH Zurich
+// Date: 24.4.2017
+// Description: Hardware-PTW
+//
+//
+// Copyright (C) 2017 ETH Zurich, University of Bologna
+// All rights reserved.
+//
+// This code is under development and not yet released to the public.
+// Until it is released, the code is under the copyright of ETH Zurich and
+// the University of Bologna, and may contain confidential and/or unpublished
+// work. Any reuse/redistribution is strictly forbidden without written
+// permission from ETH Zurich.
+//
+// Bug fixes and contributions will eventually be released under the
+// SolderPad open hardware license in the context of the PULP platform
+// (http://www.pulp-platform.org), under the copyright of ETH Zurich and the
+// University of Bologna.
+//
+import ariane_pkg::*;
+
+module ptw (
+    input logic        clk_i,    // Clock
+    input logic        rst_ni,   // Asynchronous reset active low
+
+    input logic [63:0] rdata_i
+);
+
+    pte_t ptw_pte_i;
+    assign ptw_pte_i = pte_t'(rdata_i);
+
+    enum logic[3:0] {
+      PTW_READY,
+      PTW_WAIT_GRANT,
+      PTW_PTE_LOOKUP,
+      PTW_PROPAGATE_ERROR
+    } ptw_state_q, ptw_state_n;
+
+    logic ptw_active = (ptw_state_q != PTW_READY);
+
+    struct packed {
+        // logic r; don't care
+        // logic w; don't care
+        // logic x; If page isn't executable it isn't put in the instruction TLB
+        logic u;
+        logic g;
+        logic[PPN4K_WIDTH-1:0] ppn;
+    } itlb_content, itlb_update_content;
+
+    struct packed {
+         // logic r; If page isn't readable it isn't put in the data TLB (unless it
+         //          is executable and the MXR flag is set)
+        logic x_only; // Because of the MXR flag we need an indication if the page
+                      // is actually not readable, but executable
+        logic w;
+        logic u;
+        logic g;
+        logic[PPN4K_WIDTH-1:0] ppn;
+    } dtlb_content, dtlb_update_content;
+
+    always_comb begin
+        itlb_update_content = '{
+            u: ptw_pte_i.u,
+            g: ptw_pte_i.g,
+            ppn: ptw_pte_i.ppn[37:0]
+        };
+        dtlb_update_content = '{
+            x_only: ptw_pte_i.x & ~ptw_pte_i.r,
+            w: ptw_pte_i.w,
+            u: ptw_pte_i.u,
+            g: ptw_pte_i.g,
+            ppn: ptw_pte_i.ppn[37:0]
+        };
+    end
+    //-------------------
+    // Page table walker
+    //-------------------
+
+    // A virtual address va is translated into a physical address pa as follows:
+    // 1. Let a be sptbr.ppn × PAGESIZE, and let i = LEVELS-1. (For Sv32,
+    //    PAGESIZE=2^12 and LEVELS=2.)
+    // 2. Let pte be the value of the PTE at address a+va.vpn[i]×PTESIZE. (For
+    //    Sv32, PTESIZE=4.)
+    // 3. If pte.v = 0, or if pte.r = 0 and pte.w = 1, stop and raise an access
+    //    exception.
+    // 4. Otherwise, the PTE is valid. If pte.r = 1 or pte.x = 1, go to step 5.
+    //    Otherwise, this PTE is a pointer to the next level of the page table.
+    //    Let i=i-1. If i < 0, stop and raise an access exception. Otherwise, let
+    //    a = pte.ppn × PAGESIZE and go to step 2.
+    // 5. A leaf PTE has been found. Determine if the requested memory access
+    //    is allowed by the pte.r, pte.w, and pte.x bits. If not, stop and
+    //    raise an access exception. Otherwise, the translation is successful.
+    //    Set pte.a to 1, and, if the memory access is a store, set pte.d to 1.
+    //    The translated physical address is given as follows:
+    //      - pa.pgoff = va.pgoff.
+    //      - If i > 0, then this is a superpage translation and
+    //        pa.ppn[i-1:0] = va.vpn[i-1:0].
+    //      - pa.ppn[LEVELS-1:i] = pte.ppn[LEVELS-1:i].
+    always_comb begin : ptw
+        unique case (ptw_state_q)
+
+            PTW_READY: begin
+
+            end
+
+            PTW_WAIT_GRANT: begin
+
+            end
+
+            PTW_PTE_LOOKUP: begin
+
+            end
+
+            PTW_PROPAGATE_ERROR: begin
+
+            end
+
+            default:
+                ptw_state_n = PTW_READY;
+
+        endcase // ptw_state_q
+    end
+
+
+endmodule
\ No newline at end of file