diff --git a/src/components/Select.vue b/src/components/Select.vue
index 281ec7c..adcd6a4 100644
--- a/src/components/Select.vue
+++ b/src/components/Select.vue
@@ -409,12 +409,17 @@
       },
 
       /**
-       * When false, updating the options will not reset the select value
-       * @type {Boolean}
+       * When false, updating the options will not reset the selected value. Accepts
+       * a `boolean` or `function` that returns a `boolean`. If defined as a function,
+       * it will receive the params listed below.
+       * @type {Boolean|Function}
+       * @param {Array} newOptions
+       * @param {Array} oldOptions
+       * @param {Array} selectedValue
        */
       resetOnOptionsChange: {
-        type: Boolean,
-        default: false
+        default: false,
+        validator: (value) => ['function', 'boolean'].includes(typeof value)
       },
 
       /**
@@ -513,13 +518,17 @@
        * is correct.
        * @return {[type]} [description]
        */
-      options(val) {
-        if (!this.taggable && this.resetOnOptionsChange) {
-          this.clearSelection()
+      options (newOptions, oldOptions) {
+        let shouldReset = () => typeof this.resetOnOptionsChange === 'function'
+          ? this.resetOnOptionsChange(newOptions, oldOptions, this.selectedValue)
+          : this.resetOnOptionsChange;
+        
+        if (!this.taggable && shouldReset()) {
+          this.clearSelection();
         }
 
         if (this.value && this.isTrackingValues) {
-          this.setInternalValueFromOptions(this.value)
+          this.setInternalValueFromOptions(this.value);
         }
       },
 
diff --git a/tests/unit/ReactiveOptions.spec.js b/tests/unit/ReactiveOptions.spec.js
index 04b6a91..efefd37 100755
--- a/tests/unit/ReactiveOptions.spec.js
+++ b/tests/unit/ReactiveOptions.spec.js
@@ -1,5 +1,6 @@
-import { shallowMount } from "@vue/test-utils";
+import { mount, shallowMount } from '@vue/test-utils';
 import VueSelect from "../../src/components/Select";
+import { mountDefault } from '../helpers';
 
 describe("Reset on options change", () => {
   it("should not reset the selected value by default when the options property changes", () => {
@@ -13,6 +14,73 @@ describe("Reset on options change", () => {
     expect(Select.vm.selectedValue).toEqual(["one"]);
   });
 
+  describe('resetOnOptionsChange as a function', () => {
+    it('will yell at you if resetOnOptionsChange is not a function or boolean', () => {
+      const spy = jest.spyOn(console, 'error').mockImplementation(() => {});
+
+      mountDefault({resetOnOptionsChange: 1});
+      expect(spy.mock.calls[0][0]).toContain('Invalid prop: custom validator check failed for prop "resetOnOptionsChange"')
+
+      mountDefault({resetOnOptionsChange: 'one'});
+      expect(spy.mock.calls[1][0]).toContain('Invalid prop: custom validator check failed for prop "resetOnOptionsChange"')
+
+      mountDefault({resetOnOptionsChange: []});
+      expect(spy.mock.calls[2][0]).toContain('Invalid prop: custom validator check failed for prop "resetOnOptionsChange"')
+
+      mountDefault({resetOnOptionsChange: {}});
+      expect(spy.mock.calls[3][0]).toContain('Invalid prop: custom validator check failed for prop "resetOnOptionsChange"')
+    });
+
+    it('should receive the new options, old options, and current value', () => {
+      let resetOnOptionsChange = jest.fn(option => option);
+      const Select = mountDefault(
+        {resetOnOptionsChange, options: ['bear'], value: 'selected'},
+      );
+
+      Select.setProps({options: ['lake', 'kite']});
+
+      expect(resetOnOptionsChange).toHaveBeenCalledTimes(1);
+      expect(resetOnOptionsChange)
+        .toHaveBeenCalledWith(['lake', 'kite'], ['bear'], ['selected']);
+    });
+
+    it('should allow resetOnOptionsChange to be a function that returns true', () => {
+      let resetOnOptionsChange = () => true;
+      const Select = shallowMount(VueSelect, {
+        propsData: {resetOnOptionsChange, options: ['one'], value: 'one'},
+      });
+      const spy = jest.spyOn(Select.vm, 'clearSelection');
+
+      Select.setProps({options: ['one', 'two']});
+      expect(spy).toHaveBeenCalledTimes(1);
+    });
+
+    it('should allow resetOnOptionsChange to be a function that returns false', () => {
+      let resetOnOptionsChange = () => false;
+      const Select = shallowMount(VueSelect, {
+        propsData: {resetOnOptionsChange, options: ['one'], value: 'one'},
+      });
+      const spy = jest.spyOn(Select.vm, 'clearSelection');
+
+      Select.setProps({options: ['one', 'two']});
+      expect(spy).not.toHaveBeenCalled();
+    });
+
+    it('should reset the options if the selectedValue does not exist in the new options', async () => {
+      let resetOnOptionsChange = (options, old, val) => val.some(val => options.includes(val));
+      const Select = shallowMount(VueSelect, {
+        propsData: {resetOnOptionsChange, options: ['one'], value: 'one'},
+      });
+      const spy = jest.spyOn(Select.vm, 'clearSelection');
+
+      Select.setProps({options: ['one', 'two']});
+      expect(Select.vm.selectedValue).toEqual(['one']);
+
+      Select.setProps({options: ['two']});
+      expect(spy).toHaveBeenCalledTimes(1);
+    });
+  });
+
   it("should reset the selected value when the options property changes", () => {
     const Select = shallowMount(VueSelect, {
       propsData: { resetOnOptionsChange: true, options: ["one"] }