diff --git a/sqlmodel/main.py b/sqlmodel/main.py
index 38c85915aa..b77246b2cc 100644
--- a/sqlmodel/main.py
+++ b/sqlmodel/main.py
@@ -1001,9 +1001,8 @@ def sqlmodel_update(
                 else:
                     value = getattr(obj, key)
                 setattr(self, key, value)
-            for remaining_key in use_update:
+            for remaining_key, value in use_update.items():
                 if remaining_key in get_model_fields(self):
-                    value = use_update.pop(remaining_key)
                     setattr(self, remaining_key, value)
         else:
             raise ValueError(
diff --git a/tests/test_update.py b/tests/test_update.py
new file mode 100644
index 0000000000..de4bd6cdd2
--- /dev/null
+++ b/tests/test_update.py
@@ -0,0 +1,20 @@
+from sqlmodel import Field, SQLModel
+
+
+def test_sqlmodel_update():
+    class Organization(SQLModel, table=True):
+        id: int = Field(default=None, primary_key=True)
+        name: str
+        headquarters: str
+
+    class OrganizationUpdate(SQLModel):
+        name: str
+
+    org = Organization(name="Example Org", city="New York", headquarters="NYC HQ")
+    org_in = OrganizationUpdate(name="Updated org")
+    org.sqlmodel_update(
+        org_in,
+        update={
+            "headquarters": "-",  # This field is in Organization, but not in OrganizationUpdate
+        },
+    )