diff --git a/index.js b/index.js
index baacb1ae..bfee97f1 100644
--- a/index.js
+++ b/index.js
@@ -336,17 +336,20 @@ class HtmlWebpackPlugin {
        headTags: HtmlTagObject[],
        bodyTags: HtmlTagObject[]
      }} assetTags
-   * @returns {{[key: any]: any}}
+   * @returns {Promise<{[key: any]: any}>}
    */
   getTemplateParameters (compilation, assets, assetTags) {
-    if (this.options.templateParameters === false) {
-      return {};
+    const templateParameters = this.options.templateParameters;
+    if (templateParameters === false) {
+      return Promise.resolve({});
     }
-    if (typeof this.options.templateParameters === 'function') {
-      return this.options.templateParameters(compilation, assets, assetTags, this.options);
+    if (typeof templateParameters === 'function') {
+      return Promise
+        .resolve()
+        .then(() => templateParameters(compilation, assets, assetTags, this.options));
     }
-    if (typeof this.options.templateParameters === 'object') {
-      return this.options.templateParameters;
+    if (typeof templateParameters === 'object') {
+      return Promise.resolve(templateParameters);
     }
     throw new Error('templateParameters has to be either a function or an object');
   }
@@ -372,18 +375,17 @@ class HtmlWebpackPlugin {
    */
   executeTemplate (templateFunction, assets, assetTags, compilation) {
     // Template processing
-    const templateParams = this.getTemplateParameters(compilation, assets, assetTags);
-    /** @type {string|Promise<string>} */
-    let html = '';
-    try {
-      html = templateFunction(templateParams);
-    } catch (e) {
-      compilation.errors.push(new Error('Template execution failed: ' + e));
-      return Promise.reject(e);
-    }
-    // If html is a promise return the promise
-    // If html is a string turn it into a promise
-    return Promise.resolve().then(() => html);
+    const templateParamsPromise = this.getTemplateParameters(compilation, assets, assetTags);
+    return templateParamsPromise.then((templateParams) => {
+      try {
+        // If html is a promise return the promise
+        // If html is a string turn it into a promise
+        return templateFunction(templateParams);
+      } catch (e) {
+        compilation.errors.push(new Error('Template execution failed: ' + e));
+        return Promise.reject(e);
+      }
+    });
   }
 
   /**
diff --git a/spec/basic.spec.js b/spec/basic.spec.js
index e27e86e8..15a15765 100644
--- a/spec/basic.spec.js
+++ b/spec/basic.spec.js
@@ -1743,6 +1743,26 @@ describe('HtmlWebpackPlugin', () => {
     }, ['templateParams keys: "foo"'], null, done);
   });
 
+  it('should allow to set specific template parameters using a async function', done => {
+    testHtmlPlugin({
+      mode: 'production',
+      entry: path.join(__dirname, 'fixtures/index.js'),
+      output: {
+        path: OUTPUT_DIR,
+        filename: 'index_bundle.js'
+      },
+      plugins: [
+        new HtmlWebpackPlugin({
+          template: path.join(__dirname, 'fixtures/templateParam.js'),
+          inject: false,
+          templateParameters: function () {
+            return Promise.resolve({ 'foo': 'bar' });
+          }
+        })
+      ]
+    }, ['templateParams keys: "foo"'], null, done);
+  });
+
   it('should not treat templateContent set to an empty string as missing', done => {
     testHtmlPlugin({
       mode: 'production',
diff --git a/typings.d.ts b/typings.d.ts
index df4833d6..7d1890a2 100644
--- a/typings.d.ts
+++ b/typings.d.ts
@@ -24,7 +24,8 @@ interface HtmlWebpackPluginOptions {
      */
     templateParameters:
       false // Pass an empty object to the template function
-      | ((compilation: any, assets, assetTags: { headTags: Array<HtmlTagObject>, bodyTags: Array<HtmlTagObject> }, options: HtmlWebpackPluginOptions) => {})
+      | ((compilation: any, assets, assetTags: { headTags: Array<HtmlTagObject>, bodyTags: Array<HtmlTagObject> }, options: HtmlWebpackPluginOptions) => {[option: string]: any})
+      | ((compilation: any, assets, assetTags: { headTags: Array<HtmlTagObject>, bodyTags: Array<HtmlTagObject> }, options: HtmlWebpackPluginOptions) => Promise<{[option: string]: any}>)
       | {[option: string]: any}
     /**
      * The file to write the HTML to.