diff --git a/README.rst b/README.rst
index cc34c71..1bde213 100644
--- a/README.rst
+++ b/README.rst
@@ -172,11 +172,15 @@ To exclude or disable file formats from the admin site, configure `IMPORT_EXPORT
 Customizing File Storage Backend
 --------------------------------
 
-Define a custom storage backend by adding the `IMPORT_EXPORT_CELERY_STORAGE` to your Django settings. For instance:
+Define a custom storage backend by adding the `IMPORT_EXPORT_CELERY_STORAGE` to your Django settings STORAGES definition. For instance:
 
     ::
 
-        IMPORT_EXPORT_CELERY_STORAGE = "storages.backends.s3boto3.S3Boto3Storage"
+        STORAGES = {
+            "IMPORT_EXPORT_CELERY_STORAGE": {
+                "BACKEND": "storages.backends.s3boto3.S3Boto3Storage",
+            },
+        }
 
 Customizing Task Time Limits
 ----------------------------
diff --git a/example/project/settings.py b/example/project/settings.py
index 10dc7ee..3e7c5f6 100644
--- a/example/project/settings.py
+++ b/example/project/settings.py
@@ -89,6 +89,11 @@
     },
 }
 
+STORAGES = {
+    "IMPORT_EXPORT_CELERY_STORAGE": {
+        "BACKEND": "django.core.files.storage.FileSystemStorage",
+    },
+}
 
 # Password validation
 # https://docs.djangoproject.com/en/1.10/ref/settings/#auth-password-validators
@@ -135,7 +140,6 @@
 }
 
 EMAIL_BACKEND = "django.core.mail.backends.console.EmailBackend"
-IMPORT_EXPORT_CELERY_STORAGE = "django.core.files.storage.FileSystemStorage"
 
 # Default import time limits (in seconds)
 IMPORT_EXPORT_CELERY_IMPORT_SOFT_TIME_LIMIT = 300  # 5 minutes
diff --git a/import_export_celery/fields.py b/import_export_celery/fields.py
index 35dc3de..bb7d725 100644
--- a/import_export_celery/fields.py
+++ b/import_export_celery/fields.py
@@ -1,18 +1,27 @@
 from django.conf import settings
-from django.core.files.storage import get_storage_class, storages
 from django.db import models
 
 
 def lazy_initialize_storage_class():
     # If the user has specified a custom storage backend, use it.
-    if getattr(settings, "IMPORT_EXPORT_CELERY_STORAGE", None):
+    if settings.STORAGES.get("IMPORT_EXPORT_CELERY_STORAGE"):
         try:
-            storage_class = get_storage_class(settings.IMPORT_EXPORT_CELERY_STORAGE)
-            return storage_class()
-        except (ImportError, TypeError):
-            return storages[settings.IMPORT_EXPORT_CELERY_STORAGE]
-
-    return None
+            # From Django 4.2 and later
+            from django.core.files.storage import storages
+            from django.core.files.storage.handler import InvalidStorageError
+            try:
+                storage_class = storages['IMPORT_EXPORT_CELERY_STORAGE']
+            except InvalidStorageError:
+                from django.utils.module_loading import import_string
+                storage_class = settings.DEFAULT_FILE_STORAGE
+                storage_class = import_string(storage_class)()
+        except ImportError:
+            # Deprecated since Django 4.2, Removed in Django 5.1
+            from django.core.files.storage import get_storage_class
+            storage_class = get_storage_class(
+                settings.STORAGES.get("IMPORT_EXPORT_CELERY_STORAGE")["BACKEND"]
+            )()
+        return storage_class
 
 
 class ImportExportFileField(models.FileField):