diff --git a/aiocache/decorators.py b/aiocache/decorators.py
index 9b87e6c7..b0174074 100644
--- a/aiocache/decorators.py
+++ b/aiocache/decorators.py
@@ -328,7 +328,7 @@ async def decorator(
         result = await f(*new_args, **kwargs)
         result.update(partial)
 
-        if cache_write:
+        if result and cache_write:
             if aiocache_wait_for_write:
                 await self.set_in_cache(result, f, args, kwargs)
             else:
diff --git a/tests/acceptance/test_decorators.py b/tests/acceptance/test_decorators.py
index 188ab12b..c9d96954 100644
--- a/tests/acceptance/test_decorators.py
+++ b/tests/acceptance/test_decorators.py
@@ -1,7 +1,6 @@
 import asyncio
 import pytest
 import random
-
 from unittest import mock
 
 from aiocache import cached, cached_stampede, multi_cached
@@ -110,6 +109,18 @@ async def test_multi_cached(self, cache):
         for key in default_keys:
             assert await cache.get(key) is not None
 
+    @pytest.mark.asyncio
+    async def test_multi_cached_with_empty_dict(self, mocker, cache):
+        mocker.spy(cache, "set")
+
+        @multi_cached("keys")
+        async def fn(keys):
+            return {}
+
+        await fn([pytest.KEY])
+        assert await cache.exists(pytest.KEY) is False
+        assert cache.set.call_count == 0
+
     @pytest.mark.asyncio
     async def test_keys_without_kwarg(self, cache):
         @multi_cached("keys")