diff --git a/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/ReactCommon/TurboModuleManager.cpp b/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/ReactCommon/TurboModuleManager.cpp
index df3b0689026..e5106e639d5 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/ReactCommon/TurboModuleManager.cpp
+++ b/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/ReactCommon/TurboModuleManager.cpp
@@ -56,20 +56,30 @@ void TurboModuleManager::installJSIBindings() {
   }
   TurboModuleBinding::install(*runtime_, std::make_shared<TurboModuleBinding>(
       [this](const std::string &name) -> std::shared_ptr<TurboModule> {
+        auto turboModuleLookup = turboModuleCache_.find(name);
+        if (turboModuleLookup != turboModuleCache_.end()) {
+          return turboModuleLookup->second;
+        }
+
         auto cxxModule = turboModuleManagerDelegate_->cthis()->getTurboModule(name, jsCallInvoker_);
         if (cxxModule) {
+          turboModuleCache_.insert({name, cxxModule});
           return cxxModule;
         }
 
         auto legacyCxxModule = getLegacyCxxJavaModule(name);
         if (legacyCxxModule) {
-          return std::make_shared<react::TurboCxxModule>(legacyCxxModule->cthis()->getModule(), jsCallInvoker_);
+          auto turboModule = std::make_shared<react::TurboCxxModule>(legacyCxxModule->cthis()->getModule(), jsCallInvoker_);
+          turboModuleCache_.insert({name, turboModule});
+          return turboModule;
         }
 
         auto moduleInstance = getJavaModule(name);
 
         if (moduleInstance) {
-          return turboModuleManagerDelegate_->cthis()->getTurboModule(name, moduleInstance, jsCallInvoker_);
+          auto turboModule = turboModuleManagerDelegate_->cthis()->getTurboModule(name, moduleInstance, jsCallInvoker_);
+          turboModuleCache_.insert({name, turboModule});
+          return turboModule;
         }
 
         return std::shared_ptr<TurboModule>(nullptr);
diff --git a/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/ReactCommon/TurboModuleManager.h b/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/ReactCommon/TurboModuleManager.h
index ce2e2345baa..269b2da367c 100644
--- a/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/ReactCommon/TurboModuleManager.h
+++ b/ReactAndroid/src/main/java/com/facebook/react/turbomodule/core/jni/ReactCommon/TurboModuleManager.h
@@ -8,6 +8,7 @@
 #pragma once
 
 #include <memory>
+#include <unordered_map>
 #include <fb/fbjni.h>
 #include <jsi/jsi.h>
 #include <ReactCommon/TurboModule.h>
@@ -37,6 +38,14 @@ private:
   std::shared_ptr<JSCallInvoker> jsCallInvoker_;
   jni::global_ref<TurboModuleManagerDelegate::javaobject> turboModuleManagerDelegate_;
 
+  /**
+   * TODO(T48018690):
+   * All modules are currently long-lived.
+   * We need to come up with a mechanism to allow modules to specify whether
+   * they want to be long-lived or short-lived.
+   */
+  std::unordered_map<std::string, std::shared_ptr<react::TurboModule>> turboModuleCache_;
+
   jni::global_ref<JTurboModule> getJavaModule(std::string name);
   jni::global_ref<CxxModuleWrapper::javaobject> getLegacyCxxJavaModule(std::string name);
   void installJSIBindings();
diff --git a/ReactCommon/turbomodule/core/platform/ios/RCTTurboModuleManager.mm b/ReactCommon/turbomodule/core/platform/ios/RCTTurboModuleManager.mm
index 15d52a504e4..3cb73b54c01 100644
--- a/ReactCommon/turbomodule/core/platform/ios/RCTTurboModuleManager.mm
+++ b/ReactCommon/turbomodule/core/platform/ios/RCTTurboModuleManager.mm
@@ -40,7 +40,7 @@ static Class getFallbackClassFromName(const char *name)
   __weak id<RCTTurboModuleManagerDelegate> _delegate;
   __weak RCTBridge *_bridge;
   /**
-   * TODO(rsnara):
+   * TODO(T48018690):
    * All modules are currently long-lived.
    * We need to come up with a mechanism to allow modules to specify whether
    * they want to be long-lived or short-lived.