diff --git a/providers/sftp/src/airflow/providers/sftp/hooks/sftp.py b/providers/sftp/src/airflow/providers/sftp/hooks/sftp.py
index f5e3c798b1b01..337410f07f6f0 100644
--- a/providers/sftp/src/airflow/providers/sftp/hooks/sftp.py
+++ b/providers/sftp/src/airflow/providers/sftp/hooks/sftp.py
@@ -148,6 +148,8 @@ def get_managed_conn(self) -> Generator[SFTPClient, None, None]:
                 self._sftp_conn = None
                 self._ssh_conn.close()
                 self._ssh_conn = None
+                if hasattr(self, "host_proxy"):
+                    del self.host_proxy
 
     def get_conn_count(self) -> int:
         """Get the number of open connections."""
diff --git a/providers/sftp/tests/unit/sftp/hooks/test_sftp.py b/providers/sftp/tests/unit/sftp/hooks/test_sftp.py
index bfd83b81e97c0..a99550e3a4550 100644
--- a/providers/sftp/tests/unit/sftp/hooks/test_sftp.py
+++ b/providers/sftp/tests/unit/sftp/hooks/test_sftp.py
@@ -138,6 +138,48 @@ def test_get_managed_conn(self):
         assert self.hook.get_conn_count() == 0
         assert self.hook.conn is None
 
+    @patch("paramiko.SSHClient")
+    @patch("paramiko.ProxyCommand")
+    @patch("airflow.providers.sftp.hooks.sftp.SFTPHook.get_connection")
+    def test_proxy_command_cache_invalidated_after_connection_closed(
+        self, mock_get_connection, mock_proxy_command, mock_ssh_client
+    ):
+        """
+        Assert that the ProxyCommand gets invalidated after the connection is closed
+        """
+
+        mock_connection = MagicMock()
+        mock_connection.login = "user"
+        mock_connection.password = None
+        mock_connection.host = "example.com"
+        mock_connection.port = 22
+        mock_connection.extra = None
+        mock_get_connection.return_value = mock_connection
+
+        mock_sftp_client = MagicMock(spec=SFTPClient)
+        mock_ssh_client.open_sftp.return_value = mock_sftp_client
+
+        mock_transport = MagicMock()
+        mock_ssh_client.return_value.get_transport.return_value = mock_transport
+        mock_proxy_command.return_value = MagicMock()
+
+        host_proxy_cmd = "ncat --proxy-auth proxy_user:**** --proxy proxy_host:port %h %p"
+        prev_proxy_command = None
+
+        hook = SFTPHook(
+            remote_host="example.com",
+            username="user",
+            host_proxy_cmd=host_proxy_cmd,
+        )
+
+        with hook.get_managed_conn() as _:
+            assert hasattr(self.hook, "host_proxy")
+            prev_proxy_command = hook.host_proxy
+
+        mock_proxy_command.return_value = MagicMock()
+
+        assert prev_proxy_command != hook.host_proxy
+
     @patch("airflow.providers.ssh.hooks.ssh.SSHHook.get_conn")
     def test_get_close_conn(self, mock_get_conn):
         mock_sftp_client = MagicMock(spec=SFTPClient)