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Changes between Initial Version and Version 1 of Ticket #31263, comment 2

-              initial
+              v1
 That should trigger an immediate re-rerender of all `to_reload` models instead of ''deferring'' on demand which seems to be the issue here.
+It's also possible that this is due to `ManyToManyField` auto-created models (when no explicit `through` is specified like in your example) not being reloaded as it seems we only deal with the `through is not None` case
+https://github.com/django/django/blob/1712a76b9dfda1ef220395e62ea87079da8c9f6c/django/db/migrations/operations/models.py#L325-L333
 In order to address this issue we'll need a way to reproduce it so if you could reduce your large project to a simplified set of apps/migrations that would be greatly appreciated.