diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6ee3495a..54f3443d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,7 @@ and this project adheres to [Semantic Versioning](http://semver.org/).
 ### Added
 - `_bulk_create` flag is not populating related objects as well [PR #206](https://github.com/model-bakers/model_bakery/pull/206)
 - Add support for iterators on GFK fields when using _quantity param [PR #207](https://github.com/model-bakers/model_bakery/pull/207)
+- Add support for iterators on many-to-many fields [PR#237](https://github.com/model-bakers/model_bakery/pull/237)
 
 ### Changed
 - Fix typos in Recipes documentation page [PR #212](https://github.com/model-bakers/model_bakery/pull/212)
diff --git a/model_bakery/baker.py b/model_bakery/baker.py
index 843bf0cd..9cc1b9a4 100644
--- a/model_bakery/baker.py
+++ b/model_bakery/baker.py
@@ -357,7 +357,12 @@ def _make(
                 if field.name not in self.model_attrs:
                     self.m2m_dict[field.name] = self.m2m_value(field)
                 else:
-                    self.m2m_dict[field.name] = self.model_attrs.pop(field.name)
+                    if field.name in self.iterator_attrs:
+                        self.model_attrs[field.name] = [
+                            next(self.iterator_attrs[field.name])
+                        ]
+                    else:
+                        self.m2m_dict[field.name] = self.model_attrs.pop(field.name)
             elif field.name not in self.model_attrs:
                 if (
                     not isinstance(field, ForeignKey)
@@ -503,14 +508,18 @@ def _skip_field(self, field: Field) -> bool:
         return False
 
     def _handle_one_to_many(self, instance: Model, attrs: Dict[str, Any]):
-        for k, v in attrs.items():
-            manager = getattr(instance, k)
+        for key, values in attrs.items():
+            manager = getattr(instance, key)
+
+            for value in values:
+                if not value.pk:
+                    value.save()
 
             try:
-                manager.set(v, bulk=False, clear=True)
+                manager.set(values, bulk=False, clear=True)
             except TypeError:
                 # for many-to-many relationships the bulk keyword argument doesn't exist
-                manager.set(v, clear=True)
+                manager.set(values, clear=True)
 
     def _handle_m2m(self, instance: Model):
         for key, values in self.m2m_dict.items():
diff --git a/tests/test_baker.py b/tests/test_baker.py
index a1110f6b..baefab7e 100644
--- a/tests/test_baker.py
+++ b/tests/test_baker.py
@@ -405,6 +405,47 @@ def test_regresstion_many_to_many_field_is_accepted_as_kwargs(self):
         assert store.customers.count() == 3
         assert models.Person.objects.count() == 6
 
+    def test_create_many_to_many_with_iter(self):
+        students = baker.make(models.Person, _quantity=3)
+        classrooms = baker.make(models.Classroom, _quantity=3, students=iter(students))
+
+        assert classrooms[0].students.count() == 1
+        assert classrooms[0].students.first() == students[0]
+        assert classrooms[1].students.count() == 1
+        assert classrooms[1].students.first() == students[1]
+        assert classrooms[2].students.count() == 1
+        assert classrooms[2].students.first() == students[2]
+
+    def test_create_many_to_many_with_unsaved_iter(self):
+        students = baker.prepare(models.Person, _quantity=3)
+        classrooms = baker.make(models.Classroom, _quantity=3, students=iter(students))
+
+        assert students[0].pk is not None
+        assert students[1].pk is not None
+        assert students[2].pk is not None
+
+        assert classrooms[0].students.count() == 1
+        assert classrooms[0].students.first() == students[0]
+        assert classrooms[1].students.count() == 1
+        assert classrooms[1].students.first() == students[1]
+        assert classrooms[2].students.count() == 1
+        assert classrooms[2].students.first() == students[2]
+
+    def test_create_many_to_many_with_through_and_iter(self):
+        students = baker.make(models.Person, _quantity=3)
+        schools = baker.make(
+            models.School,
+            _quantity=3,
+            students=iter(students),
+        )
+
+        assert schools[0].students.count() == 1
+        assert schools[0].students.first() == students[0]
+        assert schools[1].students.count() == 1
+        assert schools[1].students.first() == students[1]
+        assert schools[2].students.count() == 1
+        assert schools[2].students.first() == students[2]
+
     def test_create_many_to_many_with_set_default_quantity(self):
         store = baker.make(models.Store, make_m2m=True)
         assert store.employees.count() == baker.MAX_MANY_QUANTITY