We propose and numerically verify a scheme of frequency-shift free mid-span spectral inversion (MSSI) for nonlinearity mitigation in an optical transmission system. Spectral inversion is accomplished by optical phase conjugation, realized by counter-propagating dual pumped four-wave mixing in a highly nonlinear fiber. We examine the performance of MSSI due to critical parameters such as nonlinear fiber length, pump and signal power. We demonstrate the near complete nonlinearity mitigation of 40 Gbps DQPSK modulated data transmitted over 1000 km standard single mode fiber using our method of MSSI. We perform simulation of bit-error rate as a function of optical signal to noise ratio to corroborate the effect of frequency-shift free MSSI.