diff --git a/rest_framework/serializers.py b/rest_framework/serializers.py
index 6eb9c3e11..e8e6735a5 100644
--- a/rest_framework/serializers.py
+++ b/rest_framework/serializers.py
@@ -496,19 +496,26 @@ class ModelSerializer(Serializer):
         Restore the model instance.
         """
         self.m2m_data = {}
+        self.related_data = {}
 
         if instance is not None:
             for key, val in attrs.items():
                 setattr(instance, key, val)
 
         else:
-            # Reverse relations
+            # Reverse fk relations
+            for (obj, model) in self.opts.model._meta.get_all_related_objects_with_model():
+                field_name = obj.field.related_query_name()
+                if field_name in attrs:
+                    self.related_data[field_name] = attrs.pop(field_name)
+
+            # Reverse m2m relations
             for (obj, model) in self.opts.model._meta.get_all_related_m2m_objects_with_model():
                 field_name = obj.field.related_query_name()
                 if field_name in attrs:
                     self.m2m_data[field_name] = attrs.pop(field_name)
 
-            # Forward relations
+            # Forward m2m relations
             for field in self.opts.model._meta.many_to_many:
                 if field.name in attrs:
                     self.m2m_data[field.name] = attrs.pop(field.name)
@@ -534,6 +541,11 @@ class ModelSerializer(Serializer):
                 setattr(self.object, accessor_name, object_list)
             self.m2m_data = {}
 
+        if getattr(self, 'related_data', None):
+            for accessor_name, object_list in self.related_data.items():
+                setattr(self.object, accessor_name, object_list)
+            self.related_data = {}
+
         return self.object
 
 
diff --git a/rest_framework/tests/relations_pk.py b/rest_framework/tests/relations_pk.py
index e5391f1b4..c2e61279a 100644
--- a/rest_framework/tests/relations_pk.py
+++ b/rest_framework/tests/relations_pk.py
@@ -38,7 +38,7 @@ class ForeignKeySource(models.Model):
 
 
 class ForeignKeyTargetSerializer(serializers.ModelSerializer):
-    sources = serializers.ManyPrimaryKeyRelatedField(read_only=True)
+    sources = serializers.ManyPrimaryKeyRelatedField()
 
     class Meta:
         model = ForeignKeyTarget
@@ -235,24 +235,23 @@ class PKForeignKeyTests(TestCase):
         ]
         self.assertEquals(serializer.data, expected)
 
-    # TODO: See #511
-    # def test_reverse_foreign_key_create(self):
-    #     data = {'id': 3, 'name': u'target-3', 'sources': [1, 3]}
-    #     serializer = ForeignKeyTargetSerializer(data=data)
-    #     self.assertTrue(serializer.is_valid())
-    #     obj = serializer.save()
-    #     self.assertEquals(serializer.data, data)
-    #     self.assertEqual(obj.name, u'target-3')
+    def test_reverse_foreign_key_create(self):
+        data = {'id': 3, 'name': u'target-3', 'sources': [1, 3]}
+        serializer = ForeignKeyTargetSerializer(data=data)
+        self.assertTrue(serializer.is_valid())
+        obj = serializer.save()
+        self.assertEquals(serializer.data, data)
+        self.assertEqual(obj.name, u'target-3')
 
-    #     # Ensure target 4 is added, and everything else is as expected
-    #     queryset = ForeignKeyTarget.objects.all()
-    #     serializer = ForeignKeyTargetSerializer(queryset)
-    #     expected = [
-    #         {'id': 1, 'name': u'target-1', 'sources': [1, 2, 3]},
-    #         {'id': 2, 'name': u'target-2', 'sources': []},
-    #         {'id': 3, 'name': u'target-3', 'sources': [1, 3]},
-    #     ]
-    #     self.assertEquals(serializer.data, expected)
+        # Ensure target 4 is added, and everything else is as expected
+        queryset = ForeignKeyTarget.objects.all()
+        serializer = ForeignKeyTargetSerializer(queryset)
+        expected = [
+            {'id': 1, 'name': u'target-1', 'sources': [2]},
+            {'id': 2, 'name': u'target-2', 'sources': []},
+            {'id': 3, 'name': u'target-3', 'sources': [1, 3]},
+        ]
+        self.assertEquals(serializer.data, expected)
 
     def test_foreign_key_update_with_invalid_null(self):
         data = {'id': 1, 'name': u'source-1', 'target': None}