diff --git a/config/nrfconnect/chip-module/Kconfig b/config/nrfconnect/chip-module/Kconfig
index 8eba211fca2a24..cdcb0dbafc7f9a 100644
--- a/config/nrfconnect/chip-module/Kconfig
+++ b/config/nrfconnect/chip-module/Kconfig
@@ -16,6 +16,10 @@
 
 rsource "../../zephyr/Kconfig"
 
+config CHIP
+	imply NVS_LOOKUP_CACHE
+	imply NVS_LOOKUP_CACHE_FOR_SETTINGS
+
 if CHIP
 
 # See config/zephyr/Kconfig for full definition
diff --git a/config/nrfconnect/chip-module/Kconfig.defaults b/config/nrfconnect/chip-module/Kconfig.defaults
index d2280ecec6f41d..d5194b28b5e308 100644
--- a/config/nrfconnect/chip-module/Kconfig.defaults
+++ b/config/nrfconnect/chip-module/Kconfig.defaults
@@ -212,9 +212,6 @@ endif # BOARD_NRF7002DK_NRF5340_CPUAPP
 config CHIP_EXTENDED_DISCOVERY
     default n
 
-config NVS_LOOKUP_CACHE
-    default y
-
 config NVS_LOOKUP_CACHE_SIZE
     default 512