diff --git a/torch_xla/csrc/runtime/env_vars.cc b/torch_xla/csrc/runtime/env_vars.cc
index 42040a9cca5..a7b0fdd74d6 100644
--- a/torch_xla/csrc/runtime/env_vars.cc
+++ b/torch_xla/csrc/runtime/env_vars.cc
@@ -19,6 +19,9 @@ const char* const kEnvNeuronLibraryPath = "NEURON_LIBRARY_PATH";
 const char* const kEnvPjrtDistServiceAddr = "PJRT_DIST_SERVICE_ADDR";
 const char* const kEnvPjRtLocalProcessCount = "PJRT_LOCAL_PROCESS_COUNT";
 const char* const kEnvPjRtLocalRank = "PJRT_LOCAL_PROCESS_RANK";
+const char* const kEnvPjrtAllocatorCudaAsync = "PJRT_ALLOCATOR_CUDA_ASYNC";
+const char* const kEnvPjrtAllocatorPreallocate = "PJRT_ALLOCATOR_PREALLOCATE";
+const char* const kEnvPjrtAllocatorFraction = "PJRT_ALLOCATOR_FRACTION";
 
 }  // namespace env
 }  // namespace runtime
diff --git a/torch_xla/csrc/runtime/env_vars.h b/torch_xla/csrc/runtime/env_vars.h
index e54ba8f72cd..bc8a6fbc667 100644
--- a/torch_xla/csrc/runtime/env_vars.h
+++ b/torch_xla/csrc/runtime/env_vars.h
@@ -29,6 +29,9 @@ extern const char* const kEnvNeuronLibraryPath;
 extern const char* const kEnvPjrtDistServiceAddr;
 extern const char* const kEnvPjRtLocalProcessCount;
 extern const char* const kEnvPjRtLocalRank;
+extern const char* const kEnvPjrtAllocatorCudaAsync;
+extern const char* const kEnvPjrtAllocatorPreallocate;
+extern const char* const kEnvPjrtAllocatorFraction;
 
 }  // namespace env
 }  // namespace runtime
diff --git a/torch_xla/csrc/runtime/pjrt_computation_client.cc b/torch_xla/csrc/runtime/pjrt_computation_client.cc
index c003f4f9706..94d504e1714 100644
--- a/torch_xla/csrc/runtime/pjrt_computation_client.cc
+++ b/torch_xla/csrc/runtime/pjrt_computation_client.cc
@@ -62,6 +62,23 @@ xla::Shape host_output_shape(xla::PjRtBuffer* buffer) {
   return xla::ShapeUtil::DeviceShapeToHostShape(shape);
 }
 
+xla::GpuAllocatorConfig GetGpuAllocatorConfig() {
+  auto allocator_config = xla::GpuAllocatorConfig{};
+  if (sys_util::GetEnvString(env::kEnvPjrtAllocatorCudaAsync, "").empty() &&
+      sys_util::GetEnvString(env::kEnvPjrtAllocatorPreallocate, "").empty() &&
+      sys_util::GetEnvString(env::kEnvPjrtAllocatorFraction, "").empty()) {
+    return allocator_config;
+  }
+  if (sys_util::GetEnvBool(env::kEnvPjrtAllocatorCudaAsync, false)) {
+    allocator_config.kind = xla::GpuAllocatorConfig::Kind::kCudaAsync;
+  }
+  allocator_config.preallocate =
+      sys_util::GetEnvBool(env::kEnvPjrtAllocatorPreallocate, true);
+  allocator_config.memory_fraction =
+      sys_util::GetEnvDouble(env::kEnvPjrtAllocatorFraction, 0.75);
+  return allocator_config;
+}
+
 }  // namespace
 
 std::string PjRtComputationClient::PjRtDeviceToString(
@@ -141,7 +158,7 @@ PjRtComputationClient::PjRtComputationClient() {
                << global_process_rank << ", num_nodes=" << global_world_size;
     client_ = std::move(xla::GetStreamExecutorGpuClient(
                             /*asynchronous=*/async,
-                            /*allocator_config=*/xla::GpuAllocatorConfig{},
+                            /*allocator_config=*/GetGpuAllocatorConfig(),
                             /*node_id=*/global_process_rank,
                             /*num_nodes=*/global_world_size,
                             /*allowed_devices=*/allowed_devices,