diff --git a/src/lightning/fabric/CHANGELOG.md b/src/lightning/fabric/CHANGELOG.md
index f22873a5cf58e..1da509630bc22 100644
--- a/src/lightning/fabric/CHANGELOG.md
+++ b/src/lightning/fabric/CHANGELOG.md
@@ -194,6 +194,9 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 - Fixed model parameters getting shared between processes when running with `strategy="ddp_spawn"` and `accelerator="cpu"`; this has a necessary memory impact, as parameters are replicated for each process now ([#18238](https://github.com/Lightning-AI/lightning/pull/18238))
 
 
+- Fixed an issue causing the `_FabricOptimizer.state` to remain outdated after loading with `load_state_dict` ([#18488](https://github.com/Lightning-AI/lightning/pull/18488))
+
+
 ## [2.0.7] - 2023-08-14
 
 ### Changed
diff --git a/src/lightning/fabric/wrappers.py b/src/lightning/fabric/wrappers.py
index bea5b6ea3f8d3..77f679e588208 100644
--- a/src/lightning/fabric/wrappers.py
+++ b/src/lightning/fabric/wrappers.py
@@ -50,13 +50,11 @@ def __init__(self, optimizer: Optimizer, strategy: Strategy, callbacks: Optional
 
 
         """
-        # `__del__` is skipped in case the optimizer has implemented custom destructor logic which we would
-        # not want to call on destruction of the `_FabricOptimizer
-        self.__dict__ = {k: v for k, v in optimizer.__dict__.items() if k not in ("state_dict", "step", "__del__")}
         self.__class__ = type("Fabric" + optimizer.__class__.__name__, (self.__class__, optimizer.__class__), {})
         self._optimizer = optimizer
         self._strategy = strategy
         self._callbacks = callbacks or []
+        self._refresh()
 
     @property
     def optimizer(self) -> Optimizer:
@@ -65,6 +63,12 @@ def optimizer(self) -> Optimizer:
     def state_dict(self) -> Dict[str, Tensor]:
         return self._strategy.get_optimizer_state(self.optimizer)
 
+    def load_state_dict(self, state_dict: Dict[str, Tensor]) -> None:
+        self.optimizer.load_state_dict(state_dict)
+        # `Optimizer.load_state_dict` modifies `optimizer.__dict__`, so we need to update the `__dict__` on
+        # this wrapper
+        self._refresh()
+
     def step(self, closure: Optional[Callable] = None) -> Any:
         kwargs = {"closure": closure} if closure is not None else {}
         if hasattr(self._strategy, "model") and isinstance(self._strategy.model, Optimizable):
@@ -82,6 +86,21 @@ def step(self, closure: Optional[Callable] = None) -> Any:
                 hook(strategy=self._strategy, optimizer=optimizer)
         return output
 
+    def _refresh(self) -> None:
+        """Refreshes the ``__dict__`` so that it matches the internal states in the wrapped optimizer.
+
+        This is only needed to present the user with an updated view in case they inspect the state of this wrapper.
+        """
+        # `__del__` is skipped in case the optimizer has implemented custom destructor logic which we would
+        # not want to call on destruction of the `_FabricOptimizer
+        self.__dict__.update(
+            {
+                k: v
+                for k, v in self.optimizer.__dict__.items()
+                if k not in ("load_state_dict", "state_dict", "step", "__del__")
+            }
+        )
+
 
 class _FabricModule(_DeviceDtypeModuleMixin):
     def __init__(
diff --git a/tests/tests_fabric/test_wrappers.py b/tests/tests_fabric/test_wrappers.py
index 1b0f7333db177..b9c0f89bb97be 100644
--- a/tests/tests_fabric/test_wrappers.py
+++ b/tests/tests_fabric/test_wrappers.py
@@ -362,16 +362,35 @@ def test_fabric_optimizer_wraps():
 
 def test_fabric_optimizer_state_dict():
     """Test that the FabricOptimizer calls into the strategy to collect the state."""
-    optimizer = Mock()
+    optimizer = Mock(spec=torch.optim.Adam)
     strategy = Mock()
     fabric_optimizer = _FabricOptimizer(optimizer=optimizer, strategy=strategy)
     fabric_optimizer.state_dict()
     strategy.get_optimizer_state.assert_called_with(optimizer)
 
 
+def test_fabric_optimizer_load_state_dict():
+    """Test that the FabricOptimizer can load the state dict on the wrapped optimizer and update its
+    internal `__dict__`."""
+    model = torch.nn.Linear(1, 1)
+    optimizer = torch.optim.Adam(model.parameters())
+    assert not optimizer.state  # a fresh optimizer has no state
+    model(torch.rand(1)).backward()
+    optimizer.step()
+    assert optimizer.state
+    state_dict = optimizer.state_dict()
+
+    optimizer = torch.optim.Adam(model.parameters())  # fresh optimizer
+    fabric_optimizer = _FabricOptimizer(optimizer=optimizer, strategy=Mock())
+    assert not fabric_optimizer.state  # a fresh optimizer has no state
+    fabric_optimizer.load_state_dict(state_dict)
+    assert fabric_optimizer.state
+    assert fabric_optimizer.optimizer.state_dict()["state"] == state_dict["state"]
+
+
 def test_fabric_optimizer_steps():
     """Test that the FabricOptimizer forwards the step() and zero_grad() calls to the wrapped optimizer."""
-    optimizer = Mock()
+    optimizer = Mock(spec=torch.optim.Adam)
     strategy = Mock(spec=["optimizer_step"])
     strategy.optimizer_step.return_value = 123
     fabric_optimizer = _FabricOptimizer(optimizer=optimizer, strategy=strategy)