diff --git a/fastapi/_compat.py b/fastapi/_compat.py
index c07e4a3b0..897c4c53a 100644
--- a/fastapi/_compat.py
+++ b/fastapi/_compat.py
@@ -88,6 +88,7 @@ if PYDANTIC_V2:
     class ModelField:
         field_info: FieldInfo
         name: str
+        model_config: Union[BaseConfig, None] = None
         mode: Literal["validation", "serialization"] = "validation"
 
         @property
@@ -109,7 +110,8 @@ if PYDANTIC_V2:
 
         def __post_init__(self) -> None:
             self._type_adapter: TypeAdapter[Any] = TypeAdapter(
-                Annotated[self.field_info.annotation, self.field_info]
+                Annotated[self.field_info.annotation, self.field_info],
+                config=self.model_config,  # type: ignore[arg-type]
             )
 
         def get_default(self) -> Any:
@@ -283,7 +285,11 @@ if PYDANTIC_V2:
 
     def get_model_fields(model: Type[BaseModel]) -> List[ModelField]:
         return [
-            ModelField(field_info=field_info, name=name)
+            ModelField(
+                field_info=field_info,
+                name=name,
+                model_config=model.model_config,  # type: ignore[arg-type]
+            )
             for name, field_info in model.model_fields.items()
         ]
 
diff --git a/fastapi/utils.py b/fastapi/utils.py
index 4c7350fea..ef818782b 100644
--- a/fastapi/utils.py
+++ b/fastapi/utils.py
@@ -138,7 +138,7 @@ def create_cloned_field(
     new_field.class_validators = field.class_validators  # type: ignore[attr-defined]
     new_field.default = field.default  # type: ignore[misc]
     new_field.required = field.required  # type: ignore[misc]
-    new_field.model_config = field.model_config  # type: ignore[attr-defined]
+    new_field.model_config = field.model_config
     new_field.field_info = field.field_info
     new_field.allow_none = field.allow_none  # type: ignore[attr-defined]
     new_field.validate_always = field.validate_always  # type: ignore[attr-defined]
diff --git a/tests/test_compat.py b/tests/test_compat.py
index f4a3093c5..43c686489 100644
--- a/tests/test_compat.py
+++ b/tests/test_compat.py
@@ -80,6 +80,51 @@ def test_complex():
     assert response2.json() == [1, 2]
 
 
+@needs_pydanticv2
+def test_propagates_pydantic2_model_config():
+    app = FastAPI()
+
+    class Missing:
+        def __bool__(self):
+            return False
+
+    class EmbeddedModel(BaseModel):
+        model_config = ConfigDict(arbitrary_types_allowed=True)
+        value: Union[str, Missing] = Missing()
+
+    class Model(BaseModel):
+        model_config = ConfigDict(
+            arbitrary_types_allowed=True,
+        )
+        value: Union[str, Missing] = Missing()
+        embedded_model: EmbeddedModel = EmbeddedModel()
+
+    @app.post("/")
+    def foo(req: Model) -> Dict[str, Union[str, None]]:
+        return {
+            "value": req.value or None,
+            "embedded_value": req.embedded_model.value or None,
+        }
+
+    client = TestClient(app)
+
+    response = client.post("/", json={})
+    assert response.status_code == 200, response.text
+    assert response.json() == {
+        "value": None,
+        "embedded_value": None,
+    }
+
+    response2 = client.post(
+        "/", json={"value": "foo", "embedded_model": {"value": "bar"}}
+    )
+    assert response2.status_code == 200, response2.text
+    assert response2.json() == {
+        "value": "foo",
+        "embedded_value": "bar",
+    }
+
+
 def test_is_bytes_sequence_annotation_union():
     # For coverage
     # TODO: in theory this would allow declaring types that could be lists of bytes