The purpose of this article is twofold: to present a new translation of William Shakespeare’s poem “The Phoenix and the Turtle” alongside a discussion of formal and semantic solutions as well as to help filling the gap that exists in terms of translations of Shakespeare’s lyrical poetry into Brazilian Portuguese. The translation presented here followed the method for the translation of poetry devised by Britto (2006, 2015), comprised of three steps: to identify the poetically significant characteristics of the poem; to assign a priority to each feature, depending on the greater or lesser contribution it makes to the overall aesthetic effect of the poem; and to recreate the characteristics considered to be the most significant among those for which correspondences can be sought in the target language. Following this method, the poem was recreated in eight-syllable lines, replicating the stanzaic structure and the rhyme scheme of Shakespeare’s poem.