Embodiments relate to a free space optical (FSO) terminal that transmits and receives (e.g., data-encoded) optical beams. The FSO terminal includes a fore optic (e.g., telescope) and a chromatic Risley prism pair. A receive (Rx) optical beam is received through the fore optic, and a transmit (Tx) optical beam is transmitted through the fore optic. The chromatic Risley prism pair is positioned along the optical paths of both the Rx and Tx optical beams. Since the Rx and Tx optical beams have different wavelengths and the chromatic Risley prism pair has a wavelength dependence, the chromatic Risley prism pair creates an angular separation between the Rx and Tx optical beams. A controller controls the Risley prism pair (and possibly also the wavelength of the Tx optical beam) to achieve a desired angular separation between the Rx and Tx optical beams in free space.