A hydraulic arrangement for a vehicle transmission includes a hydraulic pump for providing a system pressure for a first hydraulic system circuit and a lubrication pressure for a second hydraulic lubrication circuit. The arrangement also includes a control valve connected between a pump outlet of the pump and the two hydraulic circuits and has two different switching positions. The control valve, depending on its switching position, acts as a hydraulic connection between the pump and the system circuit or between the pump and the lubrication circuit.