diff --git a/spring-boot-project/spring-boot-actuator/src/main/java/org/springframework/boot/actuate/metrics/cache/CacheMetricsRegistrar.java b/spring-boot-project/spring-boot-actuator/src/main/java/org/springframework/boot/actuate/metrics/cache/CacheMetricsRegistrar.java
index d3e717e9c81..b9e9825e3d2 100644
--- a/spring-boot-project/spring-boot-actuator/src/main/java/org/springframework/boot/actuate/metrics/cache/CacheMetricsRegistrar.java
+++ b/spring-boot-project/spring-boot-actuator/src/main/java/org/springframework/boot/actuate/metrics/cache/CacheMetricsRegistrar.java
@@ -26,6 +26,8 @@ import io.micrometer.core.instrument.binder.MeterBinder;
 
 import org.springframework.boot.util.LambdaSafe;
 import org.springframework.cache.Cache;
+import org.springframework.cache.transaction.TransactionAwareCacheDecorator;
+import org.springframework.util.ClassUtils;
 
 /**
  * Register supported {@link Cache} to a {@link MeterRegistry}.
@@ -59,7 +61,7 @@ public class CacheMetricsRegistrar {
 	 * @return {@code true} if the {@code cache} is supported and was registered
 	 */
 	public boolean bindCacheToRegistry(Cache cache, Tag... tags) {
-		MeterBinder meterBinder = getMeterBinder(cache, Tags.of(tags));
+		MeterBinder meterBinder = getMeterBinder(unwrapIfNecessary(cache), Tags.of(tags));
 		if (meterBinder != null) {
 			meterBinder.bindTo(this.registry);
 			return true;
@@ -87,4 +89,29 @@ public class CacheMetricsRegistrar {
 		return Tags.of("name", cache.getName());
 	}
 
+	private Cache unwrapIfNecessary(Cache cache) {
+		if (ClassUtils.isPresent(
+				"org.springframework.cache.transaction.TransactionAwareCacheDecorator",
+				getClass().getClassLoader())) {
+			return TransactionAwareCacheDecoratorHandler.unwrapIfNecessary(cache);
+		}
+		return cache;
+	}
+
+	private static class TransactionAwareCacheDecoratorHandler {
+
+		private static Cache unwrapIfNecessary(Cache cache) {
+			try {
+				if (cache instanceof TransactionAwareCacheDecorator) {
+					return ((TransactionAwareCacheDecorator) cache).getTargetCache();
+				}
+			}
+			catch (NoClassDefFoundError ex) {
+				// Ignore
+			}
+			return cache;
+		}
+
+	}
+
 }
diff --git a/spring-boot-project/spring-boot-actuator/src/test/java/org/springframework/boot/actuate/metrics/cache/CacheMetricsRegistrarTests.java b/spring-boot-project/spring-boot-actuator/src/test/java/org/springframework/boot/actuate/metrics/cache/CacheMetricsRegistrarTests.java
index 84a41e06e4b..75616886261 100644
--- a/spring-boot-project/spring-boot-actuator/src/test/java/org/springframework/boot/actuate/metrics/cache/CacheMetricsRegistrarTests.java
+++ b/spring-boot-project/spring-boot-actuator/src/test/java/org/springframework/boot/actuate/metrics/cache/CacheMetricsRegistrarTests.java
@@ -24,6 +24,7 @@ import io.micrometer.core.instrument.simple.SimpleMeterRegistry;
 import org.junit.Test;
 
 import org.springframework.cache.caffeine.CaffeineCache;
+import org.springframework.cache.transaction.TransactionAwareCacheDecorator;
 
 import static org.assertj.core.api.Assertions.assertThat;
 
@@ -46,6 +47,16 @@ public class CacheMetricsRegistrarTests {
 				.isNotNull();
 	}
 
+	@Test
+	public void bindToSupportedCacheWrappedInTransactionProxy() {
+		CacheMetricsRegistrar registrar = new CacheMetricsRegistrar(this.meterRegistry,
+				Collections.singleton(new CaffeineCacheMeterBinderProvider()));
+		assertThat(registrar.bindCacheToRegistry(new TransactionAwareCacheDecorator(
+				new CaffeineCache("test", Caffeine.newBuilder().build())))).isTrue();
+		assertThat(this.meterRegistry.get("cache.gets").tags("name", "test").meter())
+				.isNotNull();
+	}
+
 	@Test
 	public void bindToUnsupportedCache() {
 		CacheMetricsRegistrar registrar = new CacheMetricsRegistrar(this.meterRegistry,