diff --git a/ChangeLog.rst b/ChangeLog.rst
index c8a1666962..ed8d4243f7 100644
--- a/ChangeLog.rst
+++ b/ChangeLog.rst
@@ -4,6 +4,9 @@
 Note worthy changes
 -------------------
 
+- Introduced a new setting ``ACCOUNT_PASSWORD_RESET_TOKEN_GENERATOR`` that
+  allows you to specify the token generator for password resets.
+
 - Dropped support for Django 2.x and 3.0.
 
 - Officially support Django 4.2.
diff --git a/allauth/account/app_settings.py b/allauth/account/app_settings.py
index 97eea581d9..bd86fe9ec2 100644
--- a/allauth/account/app_settings.py
+++ b/allauth/account/app_settings.py
@@ -364,6 +364,18 @@ def USERNAME_VALIDATORS(self):
                 ret = []
         return ret
 
+    @property
+    def PASSWORD_RESET_TOKEN_GENERATOR(self):
+        from allauth.account.forms import EmailAwarePasswordResetTokenGenerator
+        from allauth.utils import import_attribute
+
+        token_generator_path = self._setting("PASSWORD_RESET_TOKEN_GENERATOR", None)
+        if token_generator_path is not None:
+            token_generator = import_attribute(token_generator_path)
+        else:
+            token_generator = EmailAwarePasswordResetTokenGenerator
+        return token_generator
+
 
 # Ugly? Guido recommends this himself ...
 # http://mail.python.org/pipermail/python-ideas/2012-May/014969.html
diff --git a/allauth/account/forms.py b/allauth/account/forms.py
index adb2bcdcd8..450f548062 100644
--- a/allauth/account/forms.py
+++ b/allauth/account/forms.py
@@ -47,7 +47,7 @@ def _make_hash_value(self, user, timestamp):
         return ret
 
 
-default_token_generator = EmailAwarePasswordResetTokenGenerator()
+default_token_generator = app_settings.PASSWORD_RESET_TOKEN_GENERATOR()
 
 
 class PasswordVerificationMixin(object):
diff --git a/docs/configuration.rst b/docs/configuration.rst
index c651cc8911..8fa6c4a84a 100644
--- a/docs/configuration.rst
+++ b/docs/configuration.rst
@@ -159,6 +159,12 @@ ACCOUNT_LOGOUT_REDIRECT_URL (=`settings.LOGOUT_REDIRECT_URL or "/"`)
 ACCOUNT_PASSWORD_INPUT_RENDER_VALUE (=False)
   ``render_value`` parameter as passed to ``PasswordInput`` fields.
 
+ACCOUNT_PASSWORD_RESET_TOKEN_GENERATOR (=allauth.account.forms.EmailAwarePasswordResetTokenGenerator)
+  A string pointing to a custom token generator
+  (e.g. 'myapp.auth.CustomTokenGenerator') for password resets. This class
+  should implement the same methods as
+  ``django.contrib.auth.tokens.PasswordResetTokenGenerator`` or subclass it.
+
 ACCOUNT_PRESERVE_USERNAME_CASING (=True)
   This setting determines whether the username is stored in lowercase
   (``False``) or whether its casing is to be preserved (``True``). Note that when