diff --git a/django/contrib/admin/options.py b/django/contrib/admin/options.py
index e7cb85f777..bc13097951 100644
--- a/django/contrib/admin/options.py
+++ b/django/contrib/admin/options.py
@@ -284,11 +284,13 @@ class BaseModelAdmin(six.with_metaclass(forms.MediaDefiningClass)):
             return False
 
         # Make sure at least one of the models registered for this site
-        # references this field.
+        # references this field through a FK or a M2M relationship.
         registered_models = self.admin_site._registry
-        for related_object in opts.get_all_related_objects():
-            if (related_object.model in registered_models and
-                    field == related_object.field.rel.get_related_field()):
+        for related_object in (opts.get_all_related_objects() +
+                               opts.get_all_related_many_to_many_objects()):
+            related_model = related_object.model
+            if (any(issubclass(model, related_model) for model in registered_models) and
+                    related_object.field.rel.get_related_field() == field):
                 return True
 
         return False
diff --git a/docs/releases/1.4.15.txt b/docs/releases/1.4.15.txt
new file mode 100644
index 0000000000..e9498e8a84
--- /dev/null
+++ b/docs/releases/1.4.15.txt
@@ -0,0 +1,13 @@
+===========================
+Django 1.4.15 release notes
+===========================
+
+*Under development*
+
+Django 1.4.15 fixes a regression in the 1.4.14 security release.
+
+Bugfixes
+========
+
+* Allowed inherited and m2m fields to be referenced in the admin
+  (`#22486 <http://code.djangoproject.com/ticket/23329>`_)
diff --git a/docs/releases/1.5.10.txt b/docs/releases/1.5.10.txt
new file mode 100644
index 0000000000..e247214685
--- /dev/null
+++ b/docs/releases/1.5.10.txt
@@ -0,0 +1,13 @@
+===========================
+Django 1.5.10 release notes
+===========================
+
+*Under development*
+
+Django 1.5.10 fixes a regression in the 1.5.9 security release.
+
+Bugfixes
+========
+
+* Allowed inherited and m2m fields to be referenced in the admin
+  (`#22486 <http://code.djangoproject.com/ticket/23329>`_)
diff --git a/docs/releases/index.txt b/docs/releases/index.txt
index 25995a0325..a9440ef8fb 100644
--- a/docs/releases/index.txt
+++ b/docs/releases/index.txt
@@ -25,6 +25,7 @@ versions of the documentation contain the release notes for any later releases.
 .. toctree::
    :maxdepth: 1
 
+   1.5.10
    1.5.9
    1.5.8
    1.5.7
@@ -41,6 +42,7 @@ versions of the documentation contain the release notes for any later releases.
 .. toctree::
    :maxdepth: 1
 
+   1.4.15
    1.4.14
    1.4.13
    1.4.12
diff --git a/tests/regressiontests/admin_views/admin.py b/tests/regressiontests/admin_views/admin.py
index 435883e637..73a3287e40 100644
--- a/tests/regressiontests/admin_views/admin.py
+++ b/tests/regressiontests/admin_views/admin.py
@@ -28,7 +28,7 @@ from .models import (Article, Chapter, Account, Media, Child, Parent, Picture,
     AdminOrderedField, AdminOrderedModelMethod, AdminOrderedAdminMethod,
     AdminOrderedCallable, Report, Color2, UnorderedObject, MainPrepopulated,
     RelatedPrepopulated, UndeletableObject, UserMessenger, Simple, Choice,
-    ShortMessage, Telegram)
+    ShortMessage, Telegram, ReferencedByParent, ChildOfReferer, M2MReference)
 
 
 def callable_year(dt_value):
@@ -703,6 +703,9 @@ site.register(Report, ReportAdmin)
 site.register(MainPrepopulated, MainPrepopulatedAdmin)
 site.register(UnorderedObject, UnorderedObjectAdmin)
 site.register(UndeletableObject, UndeletableObjectAdmin)
+site.register(ReferencedByParent)
+site.register(ChildOfReferer)
+site.register(M2MReference)
 
 # We intentionally register Promo and ChapterXtra1 but not Chapter nor ChapterXtra2.
 # That way we cover all four cases:
diff --git a/tests/regressiontests/admin_views/models.py b/tests/regressiontests/admin_views/models.py
index 5e25f0d542..b2684c0ef0 100644
--- a/tests/regressiontests/admin_views/models.py
+++ b/tests/regressiontests/admin_views/models.py
@@ -678,3 +678,21 @@ class Simple(models.Model):
 class Choice(models.Model):
     choice = models.IntegerField(blank=True, null=True,
         choices=((1, 'Yes'), (0, 'No'), (None, 'No opinion')))
+
+
+# Models for #23329
+class ReferencedByParent(models.Model):
+    pass
+
+
+class ParentWithFK(models.Model):
+    fk = models.ForeignKey(ReferencedByParent)
+
+
+class ChildOfReferer(ParentWithFK):
+    pass
+
+
+class M2MReference(models.Model):
+    ref = models.ManyToManyField('self')
+
diff --git a/tests/regressiontests/admin_views/tests.py b/tests/regressiontests/admin_views/tests.py
index e7efca21d8..230fc4abaa 100644
--- a/tests/regressiontests/admin_views/tests.py
+++ b/tests/regressiontests/admin_views/tests.py
@@ -571,6 +571,15 @@ class AdminViewBasicTest(TestCase):
         response = self.client.get("/test_admin/admin/admin_views/section/", {TO_FIELD_VAR: 'id'})
         self.assertEqual(response.status_code, 200)
 
+        # Specifying a field referenced by another model though a m2m should be allowed.
+        response = self.client.get("/test_admin/admin/admin_views/m2mreference/", {TO_FIELD_VAR: 'id'})
+        self.assertEqual(response.status_code, 200)
+
+        # Specifying a field that is not refered by any other model directly registered
+        # to this admin site but registered through inheritance should be allowed.
+        response = self.client.get("/test_admin/admin/admin_views/referencedbyparent/", {TO_FIELD_VAR: 'id'})
+        self.assertEqual(response.status_code, 200)
+
     def test_allowed_filtering_15103(self):
         """
         Regressions test for ticket 15103 - filtering on fields defined in a