diff --git a/dogpile/cache/util.py b/dogpile/cache/util.py
index 7fddaa5..148653f 100644
--- a/dogpile/cache/util.py
+++ b/dogpile/cache/util.py
@@ -4,7 +4,7 @@
 from ..util import langhelpers
 
 
-def function_key_generator(namespace, fn, to_str=str):
+def function_key_generator(namespace, fn, to_str=str, use_qual_name=False):
     """Return a function that generates a string
     key, based on a given function as well as
     arguments to the returned function itself.
@@ -16,17 +16,30 @@ def function_key_generator(namespace, fn, to_str=str):
     the :paramref:`.CacheRegion.function_key_generator` argument
     for :class:`.CacheRegion`.
 
+    :param namespace: A string namespace to be used in the key.
+    :param fn: The function which will be called.
+    :param to_str: A function that will convert arguments to strings.
+    :param use_qual_name: If True, use the qualified name of the function
+     instead of just the name.  This is useful to avoid collision in modules
+     that defines more than one class containing methods with the same name.
+
+     .. versionadded:: 1.3.4
+
     .. seealso::
 
         :func:`.kwarg_function_key_generator` - similar function that also
         takes keyword arguments into account
 
     """
+    if use_qual_name:
+        fn_name = fn.__qualname__
+    else:
+        fn_name = fn.__name__
 
     if namespace is None:
-        namespace = "%s:%s" % (fn.__module__, fn.__name__)
+        namespace = "%s:%s" % (fn.__module__, fn_name)
     else:
-        namespace = "%s:%s|%s" % (fn.__module__, fn.__name__, namespace)
+        namespace = "%s:%s|%s" % (fn.__module__, fn_name, namespace)
 
     args = compat.inspect_getargspec(fn)
     has_self = args[0] and args[0][0] in ("self", "cls")
diff --git a/tests/cache/test_util.py b/tests/cache/test_util.py
new file mode 100644
index 0000000..d75065d
--- /dev/null
+++ b/tests/cache/test_util.py
@@ -0,0 +1,69 @@
+from dogpile.cache import util
+
+
+class A:
+    @classmethod
+    def class_method(cls):
+        pass
+
+    @staticmethod
+    def static_method():
+        pass
+
+    def instance_method(self):
+        pass
+
+    def nested_method(self):
+        def nested():
+            pass
+
+        return nested
+
+
+def test_function_key_generator_qualname():
+    key_generator = util.function_key_generator(
+        None, A.class_method, use_qual_name=True
+    )
+    assert key_generator() == "tests.cache.test_util:A.class_method|"
+
+    key_generator = util.function_key_generator(
+        None, A.static_method, use_qual_name=True
+    )
+    assert key_generator() == "tests.cache.test_util:A.static_method|"
+
+    key_generator = util.function_key_generator(
+        None, A.instance_method, use_qual_name=True
+    )
+    assert key_generator() == "tests.cache.test_util:A.instance_method|"
+
+    key_generator = util.function_key_generator(
+        "namespace", A.class_method, use_qual_name=True
+    )
+    assert key_generator() == "tests.cache.test_util:A.class_method|namespace|"
+
+    nested = A().nested_method()
+    key_generator = util.function_key_generator(
+        None, nested, use_qual_name=True
+    )
+    assert (
+        key_generator()
+        == "tests.cache.test_util:A.nested_method.<locals>.nested|"
+    )
+
+
+def test_function_key_generator():
+    key_generator = util.function_key_generator(None, A.class_method)
+    assert key_generator() == "tests.cache.test_util:class_method|"
+
+    key_generator = util.function_key_generator(None, A.static_method)
+    assert key_generator() == "tests.cache.test_util:static_method|"
+
+    key_generator = util.function_key_generator(None, A.instance_method)
+    assert key_generator() == "tests.cache.test_util:instance_method|"
+
+    key_generator = util.function_key_generator("namespace", A.class_method)
+    assert key_generator() == "tests.cache.test_util:class_method|namespace|"
+
+    nested = A().nested_method()
+    key_generator = util.function_key_generator(None, nested)
+    assert key_generator() == "tests.cache.test_util:nested|"