diff --git a/src/sage/misc/lazy_import.pyx b/src/sage/misc/lazy_import.pyx
index 2eef113810c..d5fd17e54c7 100644
--- a/src/sage/misc/lazy_import.pyx
+++ b/src/sage/misc/lazy_import.pyx
@@ -73,7 +73,9 @@ AUTHOR:
 # lazy imports support old and true division.
 
 cimport cython
-from cpython.object cimport PyObject_RichCompare
+cimport cpython.type
+from cpython.object cimport PyObject_RichCompare, newfunc, PyObject, PyTypeObject
+from cpython.ref cimport Py_INCREF
 from cpython.number cimport PyNumber_TrueDivide, PyNumber_Power, PyNumber_Index
 
 cdef extern from *:
@@ -996,6 +998,52 @@ cdef class LazyImport():
             return False
 
 
+cdef newfunc default_tp_new = (<PyTypeObject *>LazyImport).tp_new
+
+
+cdef object lazyimport_tp_new(cpython.type.type t, PyObject* args, PyObject* kwds):
+    """
+    We want code of the following form to work::
+
+        sage: from sage.misc.lazy_import import LazyImport
+        sage: TensorAlgebra = LazyImport('sage.algebras.tensor_algebra', 'TensorAlgebra')
+        sage: class Example(TensorAlgebra): pass
+        sage: Example(CombinatorialFreeModule(QQ, ["a", "b"]))
+        Tensor Algebra of Free module generated by {'a', 'b'} over Rational Field
+
+    The reason why it is problematic is that ``class Example(TensorAlgebra): pass`` is essentially
+    syntactic sugar of the following::
+
+        sage: Example = type(TensorAlgebra)('Example', (TensorAlgebra,), {"__module__": "__main__", "__qualname__": "Example"})
+        sage: Example
+        <class '__main__.Example'>
+        sage: Example(CombinatorialFreeModule(QQ, ["a", "b"]))
+        Tensor Algebra of Free module generated by {'a', 'b'} over Rational Field
+
+    But::
+
+        sage: type(TensorAlgebra)
+        <class 'sage.misc.lazy_import.LazyImport'>
+
+    To make it work, :meth:`LazyImport.__new__` must return something that is **not** a ``LazyImport**
+    instance. So we override ``__new__`` with this function.
+    """
+    assert args != NULL
+    if len(<object>args) >= 2 and isinstance((<object>args)[1], str):
+        return default_tp_new(t, args, kwds)
+    assert t is LazyImport, t
+    future_cls_name, future_cls_parents, future_cls_attrs = <object>args
+    assert len(future_cls_parents) >= 1
+    cdef LazyImport l = future_cls_parents[0]
+    o = l.get_object()
+    assert kwds == NULL
+    return type(o).__new__(type(o), future_cls_name,
+        tuple(o if p is l else p for p in future_cls_parents), future_cls_attrs)
+
+
+(<PyTypeObject *>LazyImport).tp_new = &lazyimport_tp_new
+
+
 def lazy_import(module, names, as_=None, *,
                 at_startup=False, namespace=None,
                 deprecation=None, feature=None):