diff --git a/llvm/utils/mlgo-utils/mlgo/corpus/combine_training_corpus.py b/llvm/utils/mlgo-utils/mlgo/corpus/combine_training_corpus.py
index 90cf51cad75ed..9884d6696a43f 100644
--- a/llvm/utils/mlgo-utils/mlgo/corpus/combine_training_corpus.py
+++ b/llvm/utils/mlgo-utils/mlgo/corpus/combine_training_corpus.py
@@ -27,6 +27,7 @@
 import logging
 
 from mlgo.corpus import combine_training_corpus_lib
+from mlgo.corpus import flags
 
 
 def parse_args_and_run():
@@ -36,15 +37,7 @@ def parse_args_and_run():
     parser.add_argument(
         "--root_dir", type=str, help="The root dir of module paths to combine."
     )
-    # TODO(#107898): Refactor this into a common location.
-    parser.add_argument(
-        "--verbosity",
-        type=str,
-        help="The verbosity level to use for logging",
-        default="INFO",
-        nargs="?",
-        choices=["DEBUG", "INFO", "WARNING", "ERROR"],
-    )
+    flags.add_verbosity_arguments(parser)
     args = parser.parse_args()
     main(args)
 
diff --git a/llvm/utils/mlgo-utils/mlgo/corpus/extract_ir.py b/llvm/utils/mlgo-utils/mlgo/corpus/extract_ir.py
index 5edb429241d0c..3101cef196b4a 100644
--- a/llvm/utils/mlgo-utils/mlgo/corpus/extract_ir.py
+++ b/llvm/utils/mlgo-utils/mlgo/corpus/extract_ir.py
@@ -28,6 +28,7 @@
 import logging
 
 from mlgo.corpus import extract_ir_lib
+from mlgo.corpus import flags
 
 
 def parse_args_and_run():
@@ -111,15 +112,7 @@ def parse_args_and_run():
         default=".llvmbc",
         nargs="?",
     )
-    # TODO(#107898): Refactor this into a common location.
-    parser.add_argument(
-        "--verbosity",
-        type=str,
-        help="The verbosity level to use for logging",
-        default="INFO",
-        nargs="?",
-        choices=["DEBUG", "INFO", "WARNING", "ERROR"],
-    )
+    flags.add_verbosity_arguments(parser)
     args = parser.parse_args()
     main(args)
 
diff --git a/llvm/utils/mlgo-utils/mlgo/corpus/flags.py b/llvm/utils/mlgo-utils/mlgo/corpus/flags.py
new file mode 100644
index 0000000000000..dea26f19c3703
--- /dev/null
+++ b/llvm/utils/mlgo-utils/mlgo/corpus/flags.py
@@ -0,0 +1,22 @@
+# Part of the LLVM Project, under the Apache License v2.0 with LLVM Exceptions.
+# See https://llvm.org/LICENSE.txt for license information.
+# SPDX-License-Identifier: Apache-2.0 WITH LLVM-exception
+"""Library functions for setting up common parser arguments"""
+
+from argparse import ArgumentParser
+
+
+def add_verbosity_arguments(parser: ArgumentParser) -> None:
+    """Adds the arguments for verbosity to the ArgumentParser
+
+    Arguments:
+        parser: The argument parser being modified with verbosity arguments.
+    """
+    parser.add_argument(
+        "--verbosity",
+        type=str,
+        help="The verbosity level to use for logging",
+        default="INFO",
+        nargs="?",
+        choices=["DEBUG", "INFO", "WARNING", "ERROR"],
+    )