diff --git a/django/contrib/auth/hashers.py b/django/contrib/auth/hashers.py
index 58246852a8a..52d204cce63 100644
--- a/django/contrib/auth/hashers.py
+++ b/django/contrib/auth/hashers.py
@@ -1,6 +1,8 @@
 import hashlib
 
+from django.dispatch import receiver
 from django.conf import settings
+from django.test.signals import setting_changed
 from django.utils import importlib
 from django.utils.datastructures import SortedDict
 from django.utils.encoding import smart_str
@@ -14,6 +16,13 @@ UNUSABLE_PASSWORD = '!'  # This will never be a valid encoded hash
 HASHERS = None  # lazily loaded from PASSWORD_HASHERS
 PREFERRED_HASHER = None  # defaults to first item in PASSWORD_HASHERS
 
+@receiver(setting_changed)
+def reset_hashers(**kwargs):
+    if kwargs['setting'] == 'PASSWORD_HASHERS':
+        global HASHERS, PREFERRED_HASHER
+        HASHERS = None
+        PREFERRED_HASHER = None
+
 
 def is_password_usable(encoded):
     return (encoded is not None and encoded != UNUSABLE_PASSWORD)