diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8e22b81cf3fa1..8804dba4d9c8d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -423,6 +423,9 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 - Fixed the lr-scheduler state not being dumped to checkpoint when using the deepspeed strategy ([#11307](https://github.com/PyTorchLightning/pytorch-lightning/pull/11307))
 
 
+- Disbled sampler replacement when using `IterableDataset` ([#11507](https://github.com/PyTorchLightning/pytorch-lightning/pull/11507))
+
+
 ## [1.5.8] - 2022-01-05
 
 ### Fixed
diff --git a/pytorch_lightning/utilities/data.py b/pytorch_lightning/utilities/data.py
index 9ff8473cb744f..b365ab99f3cf3 100644
--- a/pytorch_lightning/utilities/data.py
+++ b/pytorch_lightning/utilities/data.py
@@ -228,7 +228,11 @@ def _get_dataloader_init_kwargs(
 
     # kwargs to re-construct the dataloader
     dl_kwargs = {k: v for k, v in attrs.items() if k in non_defaults}
-    dl_kwargs.update(_dataloader_init_kwargs_resolve_sampler(dataloader, sampler, mode=mode))
+    if isinstance(dl_kwargs["dataset"], IterableDataset):
+        dl_kwargs["batch_sampler"] = None
+        dl_kwargs["sampler"] = None
+    else:
+        dl_kwargs.update(_dataloader_init_kwargs_resolve_sampler(dataloader, sampler, mode=mode))
 
     required_args = {
         p.name
@@ -263,10 +267,6 @@ def _get_dataloader_init_kwargs(
                 f"`{dataloader_cls_name}(dataset, sampler=DistributedSampler(dataset))`."
             )
 
-    if isinstance(dl_kwargs["dataset"], IterableDataset):
-        dl_kwargs["batch_sampler"] = None
-        dl_kwargs["sampler"] = None
-
     if _FaultTolerantMode.detect_current_mode().is_automatic:
         dl_kwargs = _apply_fault_tolerant_automatic_capture_dataset_wrapper(dl_kwargs)
 
diff --git a/tests/utilities/test_data.py b/tests/utilities/test_data.py
index 629d141505004..0d874e81d8c67 100644
--- a/tests/utilities/test_data.py
+++ b/tests/utilities/test_data.py
@@ -3,7 +3,9 @@
 from torch.utils.data.dataloader import DataLoader
 
 from pytorch_lightning import Trainer
+from pytorch_lightning.trainer.states import RunningStage
 from pytorch_lightning.utilities.data import (
+    _get_dataloader_init_kwargs,
     _replace_dataloader_init_method,
     _update_dataloader,
     extract_batch_size,
@@ -172,3 +174,16 @@ def __init__(self, attribute1, attribute2, *args, **kwargs):
         dataloader = DataLoaderSubclass2("attribute1", "attribute2", dataset=range(4), batch_size=2)
         assert dataloader.attribute1 == "attribute1"
         assert dataloader.attribute2 == "attribute2"
+
+
+@pytest.mark.parametrize("mode", [RunningStage.TRAINING, RunningStage.PREDICTING, RunningStage.TESTING])
+def test_dataloader_kwargs_replacement_with_iterable_dataset(mode):
+    """Test that DataLoader kwargs are not replaced when using Iterable Dataset."""
+    dataset = RandomIterableDataset(7, 100)
+    dataloader = DataLoader(dataset, batch_size=32)
+    dl_kwargs = _get_dataloader_init_kwargs(dataloader, dataloader.sampler, mode=mode)
+    assert dl_kwargs["sampler"] is None
+    assert dl_kwargs["batch_sampler"] is None
+    assert dl_kwargs["batch_size"] is dataloader.batch_size
+    assert dl_kwargs["dataset"] is dataloader.dataset
+    assert dl_kwargs["collate_fn"] is dataloader.collate_fn