diff --git a/changes/880-koxudaxi.md b/changes/880-koxudaxi.md
new file mode 100644
index 0000000000..0ee8dd6f9b
--- /dev/null
+++ b/changes/880-koxudaxi.md
@@ -0,0 +1 @@
+Fix field of a type that has a default value.
\ No newline at end of file
diff --git a/pydantic/main.py b/pydantic/main.py
index 5221650d3d..176c7007c4 100644
--- a/pydantic/main.py
+++ b/pydantic/main.py
@@ -18,7 +18,7 @@
 from .schema import model_schema
 from .types import PyObject, StrBytes
 from .typing import AnyCallable, AnyType, ForwardRef, is_classvar, resolve_annotations, update_field_forward_refs
-from .utils import GetterDict, ValueItems, truncate, validate_field_name
+from .utils import GetterDict, ValueItems, lenient_issubclass, truncate, validate_field_name
 
 if TYPE_CHECKING:
     from .class_validators import ValidatorListDict
@@ -175,7 +175,11 @@ def __new__(mcs, name, bases, namespace, **kwargs):
                 elif is_valid_field(ann_name):
                     validate_field_name(bases, ann_name)
                     value = namespace.get(ann_name, ...)
-                    if isinstance(value, untouched_types) and ann_type != PyObject:
+                    if (
+                        isinstance(value, untouched_types)
+                        and ann_type != PyObject
+                        and not lenient_issubclass(getattr(ann_type, '__origin__', None), Type)
+                    ):
                         continue
                     fields[ann_name] = ModelField.infer(
                         name=ann_name,
diff --git a/tests/test_edge_cases.py b/tests/test_edge_cases.py
index ed32b08dc6..6c97c9a8b8 100644
--- a/tests/test_edge_cases.py
+++ b/tests/test_edge_cases.py
@@ -1,7 +1,7 @@
 import re
 from decimal import Decimal
 from enum import Enum
-from typing import Any, Dict, List, Optional, Set, Tuple, Union
+from typing import Any, Dict, List, Optional, Set, Tuple, Type, Union
 
 import pytest
 
@@ -957,15 +957,50 @@ def __init__(self, **data) -> None:
     Foobar(x=1)
 
 
-def test_ignored_type():
-    def foobar():
+def test_type_on_annotation():
+    class FooBar:
         pass
 
     class Model(BaseModel):
-        a: int = foobar
-        b: int
+        a: int = int
+        b: Type[int]
+        c: Type[int] = int
+        d: FooBar = FooBar
+        e: Type[FooBar]
+        f: Type[FooBar] = FooBar
+
+    assert Model.__fields__.keys() == {'b', 'c', 'e', 'f'}
+
+
+def test_assign_type():
+    class Parent:
+        def echo(self):
+            return 'parent'
 
-    assert Model.__fields__.keys() == {'b'}
+    class Child(Parent):
+        def echo(self):
+            return 'child'
+
+    class Different:
+        def echo(self):
+            return 'different'
+
+    class Model(BaseModel):
+        v: Type[Parent] = Parent
+
+    assert Model(v=Parent).v().echo() == 'parent'
+    assert Model().v().echo() == 'parent'
+    assert Model(v=Child).v().echo() == 'child'
+    with pytest.raises(ValidationError) as exc_info:
+        Model(v=Different)
+    assert exc_info.value.errors() == [
+        {
+            'loc': ('v',),
+            'msg': 'subclass of Parent expected',
+            'type': 'type_error.subclass',
+            'ctx': {'expected_class': 'Parent'},
+        }
+    ]
 
 
 def test_optional_subfields():