diff --git a/django-stubs/db/backends/postgresql/base.pyi b/django-stubs/db/backends/postgresql/base.pyi
index eb2722042..a59100e00 100644
--- a/django-stubs/db/backends/postgresql/base.pyi
+++ b/django-stubs/db/backends/postgresql/base.pyi
@@ -3,6 +3,7 @@ from typing import Any, Dict, Tuple, Type
 
 from django.db.backends.base.base import BaseDatabaseWrapper
 from django.db.backends.utils import CursorDebugWrapper as BaseCursorDebugWrapper
+from django.db.backends.utils import _ExecuteQuery
 
 from .client import DatabaseClient
 from .creation import DatabaseCreation
@@ -37,5 +38,5 @@ class DatabaseWrapper(BaseDatabaseWrapper):
     def pg_version(self) -> int: ...
 
 class CursorDebugWrapper(BaseCursorDebugWrapper):
-    def copy_expert(self, sql: str, file: IOBase, *args: Any): ...
+    def copy_expert(self, sql: _ExecuteQuery, file: IOBase, *args: Any): ...
     def copy_to(self, file: IOBase, table: str, *args: Any, **kwargs: Any): ...
diff --git a/django-stubs/db/backends/utils.pyi b/django-stubs/db/backends/utils.pyi
index fc5b7946e..be872ad2a 100644
--- a/django-stubs/db/backends/utils.pyi
+++ b/django-stubs/db/backends/utils.pyi
@@ -4,7 +4,21 @@ import types
 from contextlib import contextmanager
 from decimal import Decimal
 from logging import Logger
-from typing import Any, Dict, Generator, Iterator, List, Mapping, Optional, Sequence, Tuple, Type, Union, overload
+from typing import (
+    Any,
+    Dict,
+    Generator,
+    Iterator,
+    List,
+    Mapping,
+    Optional,
+    Protocol,
+    Sequence,
+    Tuple,
+    Type,
+    Union,
+    overload,
+)
 from uuid import UUID
 
 if sys.version_info < (3, 8):
@@ -14,6 +28,14 @@ else:
 
 logger: Logger
 
+# Protocol matching psycopg2.sql.Composable, to avoid depending psycopg2
+class _Composable(Protocol):
+    def as_string(self, context: Any) -> str: ...
+    def __add__(self, other: _Composable) -> _Composable: ...
+    def __mul__(self, n: int) -> _Composable: ...
+
+_ExecuteQuery = Union[str, _Composable]
+
 # Python types that can be adapted to SQL.
 _SQLType = Union[
     None, bool, int, float, Decimal, str, bytes, datetime.date, datetime.datetime, UUID, Tuple[Any, ...], List[Any]
@@ -37,8 +59,8 @@ class CursorWrapper:
     def callproc(
         self, procname: str, params: Optional[Sequence[Any]] = ..., kparams: Optional[Dict[str, int]] = ...
     ) -> Any: ...
-    def execute(self, sql: str, params: _ExecuteParameters = ...) -> Any: ...
-    def executemany(self, sql: str, param_list: Sequence[_ExecuteParameters]) -> Any: ...
+    def execute(self, sql: _ExecuteQuery, params: _ExecuteParameters = ...) -> Any: ...
+    def executemany(self, sql: _ExecuteQuery, param_list: Sequence[_ExecuteParameters]) -> Any: ...
 
 class CursorDebugWrapper(CursorWrapper):
     cursor: Any
diff --git a/tests/typecheck/db/test_connection.yml b/tests/typecheck/db/test_connection.yml
index 6b3f88bf1..8130085d2 100644
--- a/tests/typecheck/db/test_connection.yml
+++ b/tests/typecheck/db/test_connection.yml
@@ -4,6 +4,16 @@
       with connection.cursor() as cursor:
         reveal_type(cursor)  # N: Revealed type is "django.db.backends.utils.CursorWrapper"
         cursor.execute("SELECT %s", [123])
+
+
+-   case: raw_connection_psycopg2_composable
+    main: |
+      from django.db import connection
+      from psycopg2.sql import SQL, Identifier
+      with connection.cursor() as cursor:
+        cursor.execute(SQL("INSERT INTO {} VALUES (%s)").format(Identifier("my_table")), [123])
+
+
 -   case: raw_connections
     main: |
       from django.db import connections