diff --git a/mysql-test/main/information_schema.result b/mysql-test/main/information_schema.result
index 2160eee08a7..e17bb73d4e7 100644
--- a/mysql-test/main/information_schema.result
+++ b/mysql-test/main/information_schema.result
@@ -2401,3 +2401,25 @@ progress
 #
 # End of 10.3 tests
 #
+#
+# MDEV-MDEV-31064 Changes of the procedure are not immediatly seen in queries to I_S.parameter from other connections
+#
+CREATE PROCEDURE sp1(IN p1 INT, IN p2 INT)
+BEGIN
+END;
+connect con2, localhost, root,,;
+CALL sp1(10, 20);
+connection default;
+CREATE OR REPLACE PROCEDURE sp1(p1 INT)
+BEGIN
+END;
+connection con2;
+SELECT COUNT(*) FROM information_schema.parameters WHERE SPECIFIC_NAME = 'sp1';
+COUNT(*)
+1
+disconnect con2;
+connection default;
+DROP PROCEDURE sp1;
+#
+# End of 10.4 tests
+#
diff --git a/mysql-test/main/information_schema.test b/mysql-test/main/information_schema.test
index b9ed6326350..7b5884ef6b5 100644
--- a/mysql-test/main/information_schema.test
+++ b/mysql-test/main/information_schema.test
@@ -2114,3 +2114,25 @@ select progress from information_schema.processlist limit 1;
 --echo #
 --echo # End of 10.3 tests
 --echo #
+
+--echo #
+--echo # MDEV-MDEV-31064 Changes of the procedure are not immediatly seen in queries to I_S.parameter from other connections
+--echo #
+CREATE PROCEDURE sp1(IN p1 INT, IN p2 INT)
+BEGIN
+END;
+--connect(con2, localhost, root,,)
+CALL sp1(10, 20);
+--connection default
+CREATE OR REPLACE PROCEDURE sp1(p1 INT)
+BEGIN
+END;
+--connection con2
+SELECT COUNT(*) FROM information_schema.parameters WHERE SPECIFIC_NAME = 'sp1';
+--disconnect con2
+--connection default
+DROP PROCEDURE sp1;
+
+--echo #
+--echo # End of 10.4 tests
+--echo #
diff --git a/sql/sp.cc b/sql/sp.cc
index af9c7901c5a..87af91187e7 100644
--- a/sql/sp.cc
+++ b/sql/sp.cc
@@ -3018,7 +3018,9 @@ Sp_handler::sp_load_for_information_schema(THD *thd, TABLE *proc_table,
   sp_cache **spc= get_cache(thd);
   sp_name sp_name_obj(&db, &name, true); // This can change "name"
   *free_sp_head= 0;
-  if ((sp= sp_cache_lookup(spc, &sp_name_obj)))
+  sp= sp_cache_lookup(spc, &sp_name_obj);
+
+  if (sp && !(sp->sp_cache_version() < sp_cache_version()))
   {
     return sp;
   }