diff --git a/src/bindings/python/src/openvino/frontend/pytorch/fx_decoder.py b/src/bindings/python/src/openvino/frontend/pytorch/fx_decoder.py
index e5ffdef174618d..b44d0a976d6f4c 100644
--- a/src/bindings/python/src/openvino/frontend/pytorch/fx_decoder.py
+++ b/src/bindings/python/src/openvino/frontend/pytorch/fx_decoder.py
@@ -192,12 +192,8 @@ def __init__(self, pt_module, fx_gm=None, nodes=None,
                         found_types.append(
                             OVAny(pt_to_ov_type_map[str(value.meta['tensor_meta'].dtype)]))
                     else:
-                        if hasattr(value, "meta") and ('val' in value.meta.keys()):
-                            found_shapes.append(value.meta["val"].shape)
-                            found_types.append(None)
-                        else:
-                            found_shapes.append(None)
-                            found_types.append(None)
+                        found_shapes.append(None)
+                        found_types.append(None)
                 elif value.op == 'output':
                     # Instead of putting output index, refer to its target
                     uargs = self.unpack_containers(value.args)
@@ -461,9 +457,80 @@ def mark_node(self, node):
       
 class ExecuTorchPythonDecoder (TorchFXPythonDecoder):
 
+    # TODO: The constructor of ExecuTorchPythonDecoder is mostly similar to the
+    # constructor TorchFXTorchPythonDecoder. Update this to utilize a common
+    # implementation.
     def __init__(self, pt_module, fx_gm=None, nodes=None,
                  mark_node_callback=None, input_shapes=[], input_types=[], dynamic_shapes=False):
-        TorchFXPythonDecoder.__init__(self, pt_module, fx_gm, nodes, mark_node_callback, input_shapes, input_types, dynamic_shapes)
+        super().__init__(mark_node_callback)
+        self.pt_module = pt_module
+        self.fx_gm = fx_gm if fx_gm is not None else pt_module
+        self.input_types = [OVAny(pt_to_ov_type_map[str(t)])
+                            for t in input_types]
+        self.input_shapes = input_shapes
+
+        self._input_signature = []
+        self._example_input = None
+
+        if issubclass(type(pt_module), torch.fx.graph_module.GraphModule):
+            self._input_is_list = None
+            self._nodes = list(pt_module.graph.nodes)
+            found_types = []
+            found_shapes = []
+            for i, value in enumerate(self._nodes):
+                if value.op == 'placeholder':
+                    self._inputs.append(i)
+                    self._input_signature.append(value.name)
+                    if hasattr(value, "meta") and ('tensor_meta' in value.meta.keys()) and value.meta['tensor_meta']:
+                        found_shapes.append(value.meta['tensor_meta'].shape)
+                        found_types.append(
+                            OVAny(pt_to_ov_type_map[str(value.meta['tensor_meta'].dtype)]))
+                    else:
+                        if hasattr(value, "meta") and ('val' in value.meta.keys()):
+                            found_shapes.append(value.meta["val"].shape)
+                            found_types.append(None)
+                        else:
+                            found_shapes.append(None)
+                            found_types.append(None)
+                elif value.op == 'output':
+                    # Instead of putting output index, refer to its target
+                    uargs = self.unpack_containers(value.args)
+                    self._outputs = [(arg[0], self._nodes.index(arg[1]))
+                                     for arg in uargs if arg[1] is not None]
+            for idx, shape in enumerate(found_shapes):
+                if shape is not None:
+                    new_shape = []
+                    for dim in shape:
+                        if (dynamic_shapes or type(dim).__name__ == "SymInt"):
+                            new_shape.append(-1)
+                        else:
+                            new_shape.append(dim)
+                    found_shapes[idx] = torch.Size(new_shape)
+
+            if not input_shapes or len(input_shapes) == 0:
+                self.input_shapes = found_shapes
+            if not input_types or len(input_types) == 0:
+                self.input_types = found_types
+
+            if hasattr(pt_module, "forward"):
+                input_params = inspect.signature(pt_module.forward).parameters
+                self._input_signature = list(input_params)
+
+        elif issubclass(type(pt_module), torch.fx.Node):
+            self._nodes = nodes  # passed from outer context
+
+            # FIXME: Quadratic complexity nodes*nodes considering the outer loop over all nodes
+            self._outputs = [("", self._nodes.index(pt_module))]
+
+            self.input_types = []
+            for arg in pt_module.args:
+                if isinstance(arg, torch.fx.Node):
+                    self._inputs.append(self._nodes.index(arg))
+                else:
+                    # Not a node, consider it inlined
+                    self._inputs.append(InlinedInput(arg))
+                self.input_types.append(
+                    BaseFXDecoder.get_type_for_value(arg))
 
     def visit_subgraph(self, node_visitor):
         # make sure topological order is satisfied