diff --git a/activerecord/lib/active_record/associations/association.rb b/activerecord/lib/active_record/associations/association.rb
index 96bf5dd705df1..398278883cbe9 100644
--- a/activerecord/lib/active_record/associations/association.rb
+++ b/activerecord/lib/active_record/associations/association.rb
@@ -33,7 +33,8 @@ module Associations
     # <tt>owner</tt>, the collection of its posts as <tt>target</tt>, and
     # the <tt>reflection</tt> object represents a <tt>:has_many</tt> macro.
     class Association # :nodoc:
-      attr_reader :owner, :target, :reflection, :disable_joins
+      attr_accessor :owner
+      attr_reader :target, :reflection, :disable_joins
 
       delegate :options, to: :reflection
 
diff --git a/activerecord/lib/active_record/persistence.rb b/activerecord/lib/active_record/persistence.rb
index 9e9219a46b8cd..689f4ee36138f 100644
--- a/activerecord/lib/active_record/persistence.rb
+++ b/activerecord/lib/active_record/persistence.rb
@@ -1078,6 +1078,7 @@ def reload(options = nil)
       end
 
       @association_cache = fresh_object.instance_variable_get(:@association_cache)
+      @association_cache.each_value { |association| association.owner = self }
       @attributes = fresh_object.instance_variable_get(:@attributes)
       @new_record = false
       @previously_new_record = false
diff --git a/activerecord/test/cases/persistence/reload_association_cache_test.rb b/activerecord/test/cases/persistence/reload_association_cache_test.rb
new file mode 100644
index 0000000000000..caf9d4fd10dd5
--- /dev/null
+++ b/activerecord/test/cases/persistence/reload_association_cache_test.rb
@@ -0,0 +1,20 @@
+# frozen_string_literal: true
+
+require "cases/helper"
+require "models/publication"
+require "models/editorship"
+require "models/editor"
+
+class ReloadAssociationCacheTest < ActiveRecord::TestCase
+  def test_reload_sets_correct_owner_for_association_cache
+    publication = Publication.create!(name: "Rails Way")
+    assert_equal "Rails Way (touched)", publication.name
+    publication.reload
+    assert_equal "Rails Way", publication.name
+    publication.transaction do
+      publication.editors = [publication.build_editor_in_chief(name: "Alex Black")]
+      publication.save!
+    end
+    assert_equal "Rails Way (touched)", publication.name
+  end
+end
diff --git a/activerecord/test/models/editor.rb b/activerecord/test/models/editor.rb
new file mode 100644
index 0000000000000..d75f8ebea763b
--- /dev/null
+++ b/activerecord/test/models/editor.rb
@@ -0,0 +1,8 @@
+# frozen_string_literal: true
+
+class Editor < ActiveRecord::Base
+  self.primary_key = "name"
+
+  has_one :publication, foreign_key: :editor_in_chief_id, inverse_of: :editor_in_chief
+  has_many :editorships
+end
diff --git a/activerecord/test/models/editorship.rb b/activerecord/test/models/editorship.rb
new file mode 100644
index 0000000000000..2620cf5b97a5a
--- /dev/null
+++ b/activerecord/test/models/editorship.rb
@@ -0,0 +1,6 @@
+# frozen_string_literal: true
+
+class Editorship < ActiveRecord::Base
+  belongs_to :publication
+  belongs_to :editor
+end
diff --git a/activerecord/test/models/publication.rb b/activerecord/test/models/publication.rb
new file mode 100644
index 0000000000000..6873709f113c2
--- /dev/null
+++ b/activerecord/test/models/publication.rb
@@ -0,0 +1,16 @@
+# frozen_string_literal: true
+
+class Publication < ActiveRecord::Base
+  belongs_to :editor_in_chief, class_name: "Editor", inverse_of: :publication, optional: true
+  has_many :editorships
+  has_many :editors, through: :editorships
+
+  after_initialize do
+    self.editor_in_chief = build_editor_in_chief(name: "John Doe")
+  end
+
+  after_save_commit :touch_name
+  def touch_name
+    self.name = "#{name} (touched)"
+  end
+end
diff --git a/activerecord/test/schema/schema.rb b/activerecord/test/schema/schema.rb
index 7ba19dfcaee96..b5c6263f75d43 100644
--- a/activerecord/test/schema/schema.rb
+++ b/activerecord/test/schema/schema.rb
@@ -562,6 +562,15 @@
     t.index [:source_id, :sink_id], unique: true, name: "unique_edge_index"
   end
 
+  create_table :editorships, force: true do |t|
+    t.string :publication_id
+    t.string :editor_id
+  end
+
+  create_table :editors, force: true do |t|
+    t.string :name
+  end
+
   create_table :engines, force: true do |t|
     t.references :car, index: false
   end
@@ -1038,6 +1047,11 @@
     t.integer :mentor_id
   end
 
+  create_table :publications, force: true do |t|
+    t.column :name, :string
+    t.integer :editor_in_chief_id
+  end
+
   create_table :randomly_named_table1, force: true do |t|
     t.string  :some_attribute
     t.integer :another_attribute