diff --git a/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/Android.mk b/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/Android.mk
index 80ba4096da6..ba788dafca2 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/Android.mk
+++ b/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/Android.mk
@@ -5,6 +5,10 @@
 
 LOCAL_PATH := $(call my-dir)
 
+#########################
+### callinvokerholder ###
+#########################
+
 include $(CLEAR_VARS)
 
 # Header search path for all source files in this module.
@@ -15,10 +19,10 @@ LOCAL_EXPORT_C_INCLUDES := $(LOCAL_PATH)
 
 LOCAL_CFLAGS += -fexceptions -frtti -std=c++14 -Wall
 
-LOCAL_STATIC_LIBRARIES = libcallinvoker libreactperfloggerjni
-
 LOCAL_SHARED_LIBRARIES = libfb libfbjni
 
+LOCAL_STATIC_LIBRARIES = libcallinvoker libreactperfloggerjni
+
 # Name of this module.
 LOCAL_MODULE := callinvokerholder
 
@@ -27,3 +31,30 @@ LOCAL_SRC_FILES := $(LOCAL_PATH)/ReactCommon/CallInvokerHolder.cpp
 
 # Build the files in this directory as a shared library
 include $(BUILD_STATIC_LIBRARY)
+
+##################################
+### react_nativemodule_manager ###
+##################################
+
+include $(CLEAR_VARS)
+
+# Name of this module.
+LOCAL_MODULE := react_nativemodule_manager
+
+# Header search path for all source files in this module.
+LOCAL_C_INCLUDES := $(LOCAL_PATH)/ReactCommon
+
+# Header search path for modules that depend on this module
+LOCAL_EXPORT_C_INCLUDES := $(LOCAL_PATH)
+
+LOCAL_CFLAGS += -fexceptions -frtti -std=c++14 -Wall
+
+LOCAL_SHARED_LIBRARIES = libfb libfbjni libreact_nativemodule_core
+
+LOCAL_STATIC_LIBRARIES = libcallinvokerholder libreactperfloggerjni
+
+# Compile all local c++ files
+LOCAL_SRC_FILES := $(LOCAL_PATH)/ReactCommon/TurboModuleManager.cpp $(LOCAL_PATH)/ReactCommon/OnLoad.cpp
+
+# Build the files in this directory as a shared library
+include $(BUILD_SHARED_LIBRARY)
diff --git a/ReactAndroid/src/main/jni/react/jni/Android.mk b/ReactAndroid/src/main/jni/react/jni/Android.mk
index 70b65082fac..a816d4fea7a 100644
--- a/ReactAndroid/src/main/jni/react/jni/Android.mk
+++ b/ReactAndroid/src/main/jni/react/jni/Android.mk
@@ -80,7 +80,7 @@ LOCAL_LDLIBS += -landroid
 LOCAL_SHARED_LIBRARIES := libreactnativeutilsjni libfolly_json libfb libfbjni libglog_init libyoga
 
 # The static libraries (.a files) that this module depends on.
-LOCAL_STATIC_LIBRARIES := libreactnative libcallinvokerholder libruntimeexecutor
+LOCAL_STATIC_LIBRARIES := libreactnative libruntimeexecutor libcallinvokerholder
 
 # Name of this module.
 #
@@ -128,8 +128,11 @@ $(call import-module,callinvoker)
 $(call import-module,reactperflogger)
 $(call import-module,hermes)
 $(call import-module,runtimeexecutor)
+$(call import-module,react/nativemodule/core)
 
 include $(REACT_SRC_DIR)/reactperflogger/jni/Android.mk
+# TODO (T48588859): Restructure this target to align with dir structure: "react/nativemodule/..."
+# Note: Update this only when ready to minimize breaking changes.
 include $(REACT_SRC_DIR)/turbomodule/core/jni/Android.mk
 
 ifeq ($(BUILD_FABRIC),true)
diff --git a/ReactCommon/ReactCommon.podspec b/ReactCommon/ReactCommon.podspec
index 5c0efe17a63..0e306074b62 100644
--- a/ReactCommon/ReactCommon.podspec
+++ b/ReactCommon/ReactCommon.podspec
@@ -49,13 +49,13 @@ Pod::Spec.new do |s|
     ss.dependency "glog"
 
     ss.subspec "core" do |sss|
-      sss.source_files = "react/nativemodule/core/*.{cpp,h}",
-                         "react/nativemodule/core/platform/ios/*.{mm,cpp,h}"
+      sss.source_files = "react/nativemodule/core/ReactCommon/**/*.{cpp,h}",
+                         "react/nativemodule/core/platform/ios/**/*.{mm,cpp,h}"
     end
 
     ss.subspec "samples" do |sss|
       sss.source_files = "react/nativemodule/samples/*.{cpp,h}",
-                         "react/nativemodule/samples/platform/ios/*.{mm,cpp,h}"
+                         "react/nativemodule/samples/platform/ios/**/*.{mm,cpp,h}"
       sss.dependency "ReactCommon/turbomodule/core", version
     end
   end
diff --git a/ReactCommon/react/nativemodule/core/Android.mk b/ReactCommon/react/nativemodule/core/Android.mk
new file mode 100644
index 00000000000..70f7651b483
--- /dev/null
+++ b/ReactCommon/react/nativemodule/core/Android.mk
@@ -0,0 +1,31 @@
+# Copyright (c) Facebook, Inc. and its affiliates.
+#
+# This source code is licensed under the MIT license found in the
+# LICENSE file in the root directory of this source tree.
+
+LOCAL_PATH := $(call my-dir)
+
+include $(CLEAR_VARS)
+
+LOCAL_MODULE := react_nativemodule_core
+
+LOCAL_C_INCLUDES := $(LOCAL_PATH)/../../../ $(LOCAL_PATH)/ReactCommon $(LOCAL_PATH)/platform/android/ReactCommon
+
+LOCAL_SRC_FILES := $(wildcard $(LOCAL_PATH)/ReactCommon/*.cpp) $(wildcard $(LOCAL_PATH)/platform/android/ReactCommon/*.cpp)
+
+LOCAL_EXPORT_C_INCLUDES := $(LOCAL_PATH) $(LOCAL_PATH)/platform/android/
+
+LOCAL_SHARED_LIBRARIES := libfbjni libfolly_json libreactnativejni
+
+LOCAL_STATIC_LIBRARIES := libjsi libreactperflogger
+
+LOCAL_CFLAGS := \
+  -DLOG_TAG=\"ReactNative\"
+
+LOCAL_CFLAGS += -fexceptions -frtti -std=c++14 -Wall
+
+include $(BUILD_SHARED_LIBRARY)
+
+$(call import-module,folly)
+$(call import-module,jsi)
+$(call import-module,reactperflogger)
diff --git a/ReactCommon/react/nativemodule/core/BUCK b/ReactCommon/react/nativemodule/core/BUCK
index 549ddef0a9e..1bc3b9950df 100644
--- a/ReactCommon/react/nativemodule/core/BUCK
+++ b/ReactCommon/react/nativemodule/core/BUCK
@@ -4,12 +4,12 @@ load("//tools/build_defs/oss:rn_defs.bzl", "ANDROID", "APPLE", "FBJNI_TARGET", "
 rn_xplat_cxx_library(
     name = "core",
     srcs = glob(
-        ["*.cpp"],
+        ["ReactCommon/**/*.cpp"],
     ),
     header_namespace = "",
     exported_headers = subdir_glob(
         [
-            ("", "*.h"),
+            ("ReactCommon", "*.h"),
         ],
         prefix = "ReactCommon",
     ),
@@ -26,13 +26,13 @@ rn_xplat_cxx_library(
     ],
     fbandroid_exported_headers = subdir_glob(
         [
-            ("platform/android", "*.h"),
+            ("platform/android/ReactCommon", "*.h"),
         ],
         prefix = "ReactCommon",
     ),
     fbandroid_srcs = glob(
         [
-            "platform/android/**/*.cpp",
+            "platform/android/ReactCommon/*.cpp",
         ],
     ),
     fbobjc_compiler_flags = [
diff --git a/ReactCommon/react/nativemodule/core/LongLivedObject.cpp b/ReactCommon/react/nativemodule/core/ReactCommon/LongLivedObject.cpp
similarity index 100%
rename from ReactCommon/react/nativemodule/core/LongLivedObject.cpp
rename to ReactCommon/react/nativemodule/core/ReactCommon/LongLivedObject.cpp
diff --git a/ReactCommon/react/nativemodule/core/LongLivedObject.h b/ReactCommon/react/nativemodule/core/ReactCommon/LongLivedObject.h
similarity index 100%
rename from ReactCommon/react/nativemodule/core/LongLivedObject.h
rename to ReactCommon/react/nativemodule/core/ReactCommon/LongLivedObject.h
diff --git a/ReactCommon/react/nativemodule/core/TurboCxxModule.cpp b/ReactCommon/react/nativemodule/core/ReactCommon/TurboCxxModule.cpp
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboCxxModule.cpp
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboCxxModule.cpp
diff --git a/ReactCommon/react/nativemodule/core/TurboCxxModule.h b/ReactCommon/react/nativemodule/core/ReactCommon/TurboCxxModule.h
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboCxxModule.h
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboCxxModule.h
diff --git a/ReactCommon/react/nativemodule/core/TurboModule.cpp b/ReactCommon/react/nativemodule/core/ReactCommon/TurboModule.cpp
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboModule.cpp
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboModule.cpp
diff --git a/ReactCommon/react/nativemodule/core/TurboModule.h b/ReactCommon/react/nativemodule/core/ReactCommon/TurboModule.h
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboModule.h
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboModule.h
diff --git a/ReactCommon/react/nativemodule/core/TurboModuleBinding.cpp b/ReactCommon/react/nativemodule/core/ReactCommon/TurboModuleBinding.cpp
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboModuleBinding.cpp
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboModuleBinding.cpp
diff --git a/ReactCommon/react/nativemodule/core/TurboModuleBinding.h b/ReactCommon/react/nativemodule/core/ReactCommon/TurboModuleBinding.h
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboModuleBinding.h
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboModuleBinding.h
diff --git a/ReactCommon/react/nativemodule/core/TurboModulePerfLogger.cpp b/ReactCommon/react/nativemodule/core/ReactCommon/TurboModulePerfLogger.cpp
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboModulePerfLogger.cpp
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboModulePerfLogger.cpp
diff --git a/ReactCommon/react/nativemodule/core/TurboModulePerfLogger.h b/ReactCommon/react/nativemodule/core/ReactCommon/TurboModulePerfLogger.h
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboModulePerfLogger.h
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboModulePerfLogger.h
diff --git a/ReactCommon/react/nativemodule/core/TurboModuleUtils.cpp b/ReactCommon/react/nativemodule/core/ReactCommon/TurboModuleUtils.cpp
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboModuleUtils.cpp
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboModuleUtils.cpp
diff --git a/ReactCommon/react/nativemodule/core/TurboModuleUtils.h b/ReactCommon/react/nativemodule/core/ReactCommon/TurboModuleUtils.h
similarity index 100%
rename from ReactCommon/react/nativemodule/core/TurboModuleUtils.h
rename to ReactCommon/react/nativemodule/core/ReactCommon/TurboModuleUtils.h
diff --git a/ReactCommon/react/nativemodule/core/platform/android/JavaTurboModule.cpp b/ReactCommon/react/nativemodule/core/platform/android/ReactCommon/JavaTurboModule.cpp
similarity index 100%
rename from ReactCommon/react/nativemodule/core/platform/android/JavaTurboModule.cpp
rename to ReactCommon/react/nativemodule/core/platform/android/ReactCommon/JavaTurboModule.cpp
diff --git a/ReactCommon/react/nativemodule/core/platform/android/JavaTurboModule.h b/ReactCommon/react/nativemodule/core/platform/android/ReactCommon/JavaTurboModule.h
similarity index 100%
rename from ReactCommon/react/nativemodule/core/platform/android/JavaTurboModule.h
rename to ReactCommon/react/nativemodule/core/platform/android/ReactCommon/JavaTurboModule.h
diff --git a/packages/rn-tester/Podfile.lock b/packages/rn-tester/Podfile.lock
index 6f1ee93179b..35a1f000fa7 100644
--- a/packages/rn-tester/Podfile.lock
+++ b/packages/rn-tester/Podfile.lock
@@ -524,7 +524,7 @@ SPEC CHECKSUMS:
   React-RCTText: 6c01963d3e562109f5548262b09b1b2bc260dd60
   React-RCTVibration: 0997fcaf753c7ac0a341177db120eebc438484cf
   React-runtimeexecutor: 60dd6204a13f68a1aa1118870edcc604a791df2b
-  ReactCommon: 982fb4cf650ef68a435f3c0bfff76fbdda1ba663
+  ReactCommon: e74025a9d02a02150f065719e14a8cbe03a93513
   Yoga: f7fa200d8c49f97b54c9421079e781fb900b5cae
   YogaKit: f782866e155069a2cca2517aafea43200b01fd5a