diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2287e97f7751e..2596afd672600 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -85,6 +85,9 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 - Removed the deprecated `prepare_data_per_node` argument from the `Trainer` constructor ([#12536](https://github.com/PyTorchLightning/pytorch-lightning/pull/12536))
 
 
+- Removed the deprecated `pytorch_lightning.core.memory.{get_gpu_memory_map,get_memory_profile}` ([#12659](https://github.com/PyTorchLightning/pytorch-lightning/pull/12659))
+
+
 - Removed the deprecated `terminate_on_nan` argument from the `Trainer` constructor ([#12553](https://github.com/PyTorchLightning/pytorch-lightning/pull/12553))
 
 
diff --git a/pytorch_lightning/core/memory.py b/pytorch_lightning/core/memory.py
deleted file mode 100644
index 454402e615d46..0000000000000
--- a/pytorch_lightning/core/memory.py
+++ /dev/null
@@ -1,23 +0,0 @@
-# Copyright The PyTorch Lightning team.
-#
-# Licensed under the Apache License, Version 2.0 (the "License");
-# you may not use this file except in compliance with the License.
-# You may obtain a copy of the License at
-#
-#     http://www.apache.org/licenses/LICENSE-2.0
-#
-# Unless required by applicable law or agreed to in writing, software
-# distributed under the License is distributed on an "AS IS" BASIS,
-# WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
-# See the License for the specific language governing permissions and
-# limitations under the License.
-from pytorch_lightning.utilities import rank_zero_deprecation
-
-rank_zero_deprecation(
-    "`pytorch_lightning.core.memory.LayerSummary` and"
-    " `pytorch_lightning.core.memory.ModelSummary` have been moved"
-    " to `pytorch_lightning.utilities.model_summary` since v1.5 and will be removed in v1.7."
-)
-
-# To support backward compatibility as LayerSummary and ModelSummary have been moved
-from pytorch_lightning.utilities.model_summary import LayerSummary, ModelSummary  # noqa: E402, F401 # isort: skip
diff --git a/setup.cfg b/setup.cfg
index 9f908742c0110..95612febfae77 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -31,7 +31,6 @@ filterwarnings =
     # warnings from deprecated modules on import
     # TODO: remove in 1.7
     ignore::pytorch_lightning.utilities.rank_zero.LightningDeprecationWarning:pytorch_lightning.core.decorators
-    ignore::pytorch_lightning.utilities.rank_zero.LightningDeprecationWarning:pytorch_lightning.core.memory
 xfail_strict = true
 junit_duration_report = call
 
diff --git a/tests/deprecated_api/test_remove_1-7.py b/tests/deprecated_api/test_remove_1-7.py
index 466a4a5561664..1c0fe166e29ac 100644
--- a/tests/deprecated_api/test_remove_1-7.py
+++ b/tests/deprecated_api/test_remove_1-7.py
@@ -42,12 +42,6 @@
 from tests.plugins.environments.test_lsf_environment import _make_rankfile
 
 
-def test_v1_7_0_moved_model_summary_and_layer_summary(tmpdir):
-    _soft_unimport_module("pytorch_lightning.core.memory")
-    with pytest.deprecated_call(match="to `pytorch_lightning.utilities.model_summary` since v1.5"):
-        from pytorch_lightning.core.memory import LayerSummary, ModelSummary  # noqa: F401
-
-
 def test_v1_7_0_datamodule_transform_properties(tmpdir):
     dm = MNISTDataModule()
     with pytest.deprecated_call(match=r"DataModule property `val_transforms` was deprecated in v1.5"):