diff --git a/.github/workflows/test_full.yml b/.github/workflows/test_full.yml
index 48df86583..45ce929f7 100644
--- a/.github/workflows/test_full.yml
+++ b/.github/workflows/test_full.yml
@@ -34,7 +34,7 @@ jobs:
         with:
           python-version: ${{ matrix.python-version }}
       - name: Install core
-        run: pip install "Django${{ matrix.django-version }}"
+        run: pip install "Django${{ matrix.django-version }}" "pydantic-settings>=2.0.0"
       - name: Install tests
         run: pip install pytest pytest-asyncio pytest-django django-ninja-extra 'python-jose==3.3.0' 'pyjwt[crypto]' freezegun
       - name: Test
diff --git a/ninja_jwt/schema.py b/ninja_jwt/schema.py
index 97ad251ef..57323613d 100644
--- a/ninja_jwt/schema.py
+++ b/ninja_jwt/schema.py
@@ -141,9 +141,7 @@ def validate_inputs(cls, values: SCHEMA_INPUT) -> dict:
         return values
 
     @model_validator(mode="after")
-    def post_validate(
-        self, info: ValidationInfo
-    ) -> BaseModel:
+    def post_validate(self, info: ValidationInfo) -> BaseModel:
         schema_input = SchemaInputService(
             self.model_dump(), self.__class__.model_config, info.context.get("request")
         )
diff --git a/ninja_jwt/settings.py b/ninja_jwt/settings.py
index 1f73483b5..a77912a30 100644
--- a/ninja_jwt/settings.py
+++ b/ninja_jwt/settings.py
@@ -4,7 +4,8 @@
 from django.conf import settings
 from django.test.signals import setting_changed
 from ninja_extra.lazy import LazyStrImport
-from pydantic.v1 import AnyUrl, BaseModel, Field, root_validator
+from pydantic import AnyUrl, Field
+from pydantic_settings import BaseSettings, SettingsConfigDict
 
 
 class NinjaJWTUserDefinedSettingsMapper:
@@ -27,10 +28,11 @@ def __init__(self, data: dict) -> None:
 )
 
 
-class NinjaJWTSettings(BaseModel):
-    class Config:
-        orm_mode = True
-        validate_assignment = True
+class NinjaJWTSettings(BaseSettings):
+    model_config = SettingsConfigDict(
+        validate_assignment=True,
+        extra="ignore",
+    )
 
     ACCESS_TOKEN_LIFETIME: timedelta = Field(timedelta(minutes=5))
     REFRESH_TOKEN_LIFETIME: timedelta = Field(timedelta(days=1))
@@ -82,20 +84,21 @@ class Config:
     )
     TOKEN_VERIFY_INPUT_SCHEMA: Any = Field("ninja_jwt.schema.TokenVerifyInputSchema")
 
-    @root_validator
-    def validate_ninja_jwt_settings(cls, values):
-        for item in NinjaJWT_SETTINGS_DEFAULTS.keys():
-            if isinstance(values[item], (tuple, list)) and isinstance(
-                values[item][0], str
-            ):
-                values[item] = [LazyStrImport(str(klass)) for klass in values[item]]
-            if isinstance(values[item], str):
-                values[item] = LazyStrImport(values[item])
-        return values
+    def __getattribute__(self, item):
+        # Get the actual value using object.__getattribute__ to avoid recursion
+        value = object.__getattribute__(self, item)
+
+        if item in NinjaJWT_SETTINGS_DEFAULTS:
+            if isinstance(value, (list, tuple)) and value and isinstance(value[0], str):
+                return [LazyStrImport(str(klass)) for klass in value]
+            elif isinstance(value, str):
+                return LazyStrImport(value)
+
+        return value
 
 
 # convert to lazy object
-api_settings = NinjaJWTSettings.from_orm(USER_SETTINGS)
+api_settings = NinjaJWTSettings.model_validate(USER_SETTINGS.__dict__)
 
 
 def reload_api_settings(*args: Any, **kwargs: Any) -> None:
@@ -104,9 +107,7 @@ def reload_api_settings(*args: Any, **kwargs: Any) -> None:
     setting, value = kwargs["setting"], kwargs["value"]
 
     if setting in ["SIMPLE_JWT", "NINJA_JWT"]:
-        api_settings = NinjaJWTSettings.from_orm(
-            NinjaJWTUserDefinedSettingsMapper(value)
-        )
+        api_settings = NinjaJWTSettings.model_validate(value)
 
 
 setting_changed.connect(reload_api_settings)
diff --git a/pyproject.toml b/pyproject.toml
index 4d7ad2187..c7cc1c05f 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -51,6 +51,7 @@ dependencies = [
     "pyjwt>=1.7.1,<3",
     "pyjwt[crypto]",
     "django-ninja-extra >= 0.22.9",
+    "pydantic-settings>=2.0.0",
 ]