diff --git a/lib/datadog/tracing/contrib/active_support/cache/events/cache.rb b/lib/datadog/tracing/contrib/active_support/cache/events/cache.rb
index 0b8820c8fec..40953753035 100644
--- a/lib/datadog/tracing/contrib/active_support/cache/events/cache.rb
+++ b/lib/datadog/tracing/contrib/active_support/cache/events/cache.rb
@@ -81,7 +81,9 @@ def on_start(span, event, _id, payload)
 
                 span.set_tag('EVENT', event)
 
-                set_cache_key(span, key, mapping[:multi_key])
+                if Datadog.configuration.tracing[:active_support][:cache_key].enabled
+                  set_cache_key(span, key, mapping[:multi_key])
+                end
               rescue StandardError => e
                 Datadog.logger.error(e.message)
                 Datadog::Core::Telemetry::Logger.report(e)
diff --git a/lib/datadog/tracing/contrib/active_support/cache/instrumentation.rb b/lib/datadog/tracing/contrib/active_support/cache/instrumentation.rb
index 13c92a08418..81f14aef0ef 100644
--- a/lib/datadog/tracing/contrib/active_support/cache/instrumentation.rb
+++ b/lib/datadog/tracing/contrib/active_support/cache/instrumentation.rb
@@ -3,6 +3,7 @@
 require_relative '../../../../core/utils'
 require_relative '../../../metadata/ext'
 require_relative '../ext'
+require_relative 'event'
 
 module Datadog
   module Tracing
@@ -58,7 +59,8 @@ def trace(action, store, key: nil, multi_key: nil)
                 end
 
                 span.set_tag(Ext::TAG_CACHE_BACKEND, store) if store
-                set_cache_key(span, key, multi_key)
+
+                set_cache_key(span, key, multi_key) if Datadog.configuration.tracing[:active_support][:cache_key].enabled
 
                 yield
               end
diff --git a/lib/datadog/tracing/contrib/active_support/configuration/settings.rb b/lib/datadog/tracing/contrib/active_support/configuration/settings.rb
index 9f1b016ba7f..d7323c5afbb 100644
--- a/lib/datadog/tracing/contrib/active_support/configuration/settings.rb
+++ b/lib/datadog/tracing/contrib/active_support/configuration/settings.rb
@@ -39,6 +39,16 @@ class Settings < Contrib::Configuration::Settings
                 )
               end
             end
+
+            # grouped "cache_key.*" settings
+            settings :cache_key do
+              # enable or disabling the inclusion of the cache_key in the span
+              option :enabled do |o|
+                # cache_key.enabled
+                o.type :bool
+                o.default true
+              end
+            end
           end
         end
       end
diff --git a/spec/datadog/tracing/contrib/rails/cache_spec.rb b/spec/datadog/tracing/contrib/rails/cache_spec.rb
index 0a7ba0dda2f..4b3f79c2944 100644
--- a/spec/datadog/tracing/contrib/rails/cache_spec.rb
+++ b/spec/datadog/tracing/contrib/rails/cache_spec.rb
@@ -117,6 +117,21 @@
       expect(set.get_tag(Datadog::Tracing::Metadata::Ext::TAG_OPERATION))
         .to eq('cache')
     end
+
+    context 'when cache_key.enabled is false' do
+      before do
+        Datadog.configuration.tracing[:active_support][:cache_key].enabled = false
+      end
+
+      it do
+        expect(read).to eq(50)
+
+        expect(spans).to have(2).items
+        get, = spans
+        expect(get.name).to eq('rails.cache')
+        expect(get.get_tag('rails.cache.key')).to be_nil
+      end
+    end
   end
 
   describe '#read_multi' do
@@ -149,6 +164,20 @@
           .to eq('cache')
       end
     end
+
+    context 'when cache_key.enabled is false' do
+      before do
+        Datadog.configuration.tracing[:active_support][:cache_key].enabled = false
+      end
+
+      it do
+        expect(read_multi).to eq(Hash[multi_keys.zip([51, 52, 53])])
+        expect(spans).to have(1 + multi_keys.size).items
+        get = spans[0]
+        expect(get.name).to eq('rails.cache')
+        expect(get.get_tag('rails.cache.keys')).to be_nil
+      end
+    end
   end
 
   describe '#write' do
@@ -191,6 +220,20 @@
         expect(span.get_tag('rails.cache.key')).to eq('custom-key/x/y/User:3')
       end
     end
+
+    context 'when cache_key.enabled is false' do
+      before do
+        Datadog.configuration.tracing[:active_support][:cache_key].enabled = false
+      end
+
+      let(:key) { ['custom-key', %w[x y], user] }
+      let(:user) { double('User', cache_key: 'User:3') }
+
+      it 'does not expand key using ActiveSupport when cache_key.enabled false' do
+        write
+        expect(span.get_tag('rails.cache.key')).to be_nil
+      end
+    end
   end
 
   describe '#write_multi' do
@@ -240,6 +283,27 @@
           expect(span.get_tag('rails.cache.keys')).to eq('["custom-key/x/y/User:3"]')
         end
       end
+
+      context 'when cache_key.enabled is false' do
+        before do
+          Datadog.configuration.tracing[:active_support][:cache_key].enabled = false
+        end
+
+        it do
+          write_multi
+          expect(span.name).to eq('rails.cache')
+          expect(span.type).to eq('cache')
+          expect(span.resource).to eq('MSET')
+          expect(span.service).to eq('rails-cache')
+          expect(span.get_tag('rails.cache.backend')).to eq('file_store')
+          expect(span.get_tag('rails.cache.keys')).to be_nil
+
+          expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_COMPONENT))
+            .to eq('active_support')
+          expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_OPERATION))
+            .to eq('cache')
+        end
+      end
     end
 
     context 'when the method is not defined' do
@@ -278,6 +342,27 @@
       expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_OPERATION))
         .to eq('cache')
     end
+
+    context 'when cache_key.enabled is false' do
+      before do
+        Datadog.configuration.tracing[:active_support][:cache_key].enabled = false
+      end
+
+      it do
+        delete
+        expect(span.name).to eq('rails.cache')
+        expect(span.type).to eq('cache')
+        expect(span.resource).to eq('DELETE')
+        expect(span.service).to eq('rails-cache')
+        expect(span.get_tag('rails.cache.backend')).to eq('file_store')
+        expect(span.get_tag('rails.cache.key')).to be_nil
+
+        expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_COMPONENT))
+          .to eq('active_support')
+        expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_OPERATION))
+          .to eq('cache')
+      end
+    end
   end
 
   describe '#fetch' do
@@ -306,6 +391,32 @@
           .to eq('cache')
       end
     end
+
+    context 'when cache_key.enabled is false' do
+      before do
+        Datadog.configuration.tracing[:active_support][:cache_key].enabled = false
+      end
+
+      subject(:fetch) { cache.fetch('exception') { raise 'oops' } }
+
+      it do
+        expect { fetch }.to raise_error(StandardError)
+
+        expect(span.name).to eq('rails.cache')
+        expect(span.type).to eq('cache')
+        expect(span.resource).to eq('GET')
+        expect(span.service).to eq('rails-cache')
+        expect(span.get_tag('rails.cache.backend')).to eq('file_store')
+        expect(span.get_tag('rails.cache.key')).to be_nil
+        expect(span.get_tag('error.type')).to eq('RuntimeError')
+        expect(span.get_tag('error.message')).to eq('oops')
+
+        expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_COMPONENT))
+          .to eq('active_support')
+        expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_OPERATION))
+          .to eq('cache')
+      end
+    end
   end
 
   describe '#fetch_multi' do
@@ -340,6 +451,30 @@
             .to eq('cache')
         end
       end
+
+      context 'with exception and when cache_key.enabled is false' do
+        before do
+          Datadog.configuration.tracing[:active_support][:cache_key].enabled = false
+        end
+        subject(:fetch_multi) { cache.fetch_multi('exception', 'another', 'one') { raise 'oops' } }
+
+        it do
+          expect { fetch_multi }.to raise_error(StandardError)
+          expect(span.name).to eq('rails.cache')
+          expect(span.type).to eq('cache')
+          expect(span.resource).to eq('MGET')
+          expect(span.service).to eq('rails-cache')
+          expect(span.get_tag('rails.cache.backend')).to eq('file_store')
+          expect(span.get_tag('rails.cache.keys')).to be_nil
+          expect(span.get_tag('error.type')).to eq('RuntimeError')
+          expect(span.get_tag('error.message')).to eq('oops')
+
+          expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_COMPONENT))
+            .to eq('active_support')
+          expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_OPERATION))
+            .to eq('cache')
+        end
+      end
     end
 
     context 'when the method is not defined' do
@@ -378,4 +513,24 @@
         .to eq('cache')
     end
   end
+
+  context 'with very large cache key and when cache_key.enabled is false' do
+    before do
+      Datadog.configuration.tracing[:active_support][:cache_key].enabled = false
+    end
+    it 'truncates key too large' do
+      max_key_size = Datadog::Tracing::Contrib::ActiveSupport::Ext::QUANTIZE_CACHE_MAX_KEY_SIZE
+      large_key = ''.ljust(max_key_size * 2, SecureRandom.hex)
+      cache.write(large_key, 'foobar')
+
+      expect(large_key.size).to be > max_key_size
+      expect(span.name).to eq('rails.cache')
+      expect(span.get_tag('rails.cache.key')).to be_nil
+
+      expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_COMPONENT))
+        .to eq('active_support')
+      expect(span.get_tag(Datadog::Tracing::Metadata::Ext::TAG_OPERATION))
+        .to eq('cache')
+    end
+  end
 end