diff --git a/ormar/models/newbasemodel.py b/ormar/models/newbasemodel.py
index 924308d..ab105cd 100644
--- a/ormar/models/newbasemodel.py
+++ b/ormar/models/newbasemodel.py
@@ -266,7 +266,6 @@ class NewBaseModel(pydantic.BaseModel, ModelTableProxy, metaclass=ModelMetaclass
                     self._convert_json(
                         k,
                         model_fields[k].expand_relationship(v, self, to_register=False)
-
                         if k in model_fields
                         else (v if k in pydantic_fields else model_fields[k]),
                     ),
@@ -797,7 +796,7 @@ class NewBaseModel(pydantic.BaseModel, ModelTableProxy, metaclass=ModelMetaclass
         own_values = {
             k: v for k, v in values.items() if k not in cls.extract_related_names()
         }
-        m = cls.__new__(cls)
+        model = cls.__new__(cls)
         fields_values: Dict[str, Any] = {}
         for name, field in cls.__fields__.items():
             if name in own_values:
@@ -805,33 +804,41 @@ class NewBaseModel(pydantic.BaseModel, ModelTableProxy, metaclass=ModelMetaclass
             elif not field.required:
                 fields_values[name] = field.get_default()
         fields_values.update(own_values)
-        object.__setattr__(m, "__dict__", fields_values)
-        m._initialize_internal_attributes()
-        for relation in cls.extract_related_names():
-            if relation in values:
-                relation_field = cls.Meta.model_fields[relation]
-                if isinstance(values[relation], list):
-                    relation_value = [
-                        relation_field.to.construct(**x) if isinstance(x, dict) else x
-                        for x in values[relation]
-                    ]
-                else:
-                    relation_value = [
-                        relation_field.to.construct(**values[relation])
-                        if isinstance(values[relation], dict)
-                        else values[relation]
-                    ]
-
-                for child in relation_value:
-                    m._orm.add(
-                        parent=child,
-                        child=m,
-                        field=relation_field,
-                    )
+        object.__setattr__(model, "__dict__", fields_values)
+        model._initialize_internal_attributes()
+        cls._construct_relations(model=model, values=values)
         if _fields_set is None:
             _fields_set = set(values.keys())
-        object.__setattr__(m, "__fields_set__", _fields_set)
-        return m
+        object.__setattr__(model, "__fields_set__", _fields_set)
+        return model
+
+    @classmethod
+    def _construct_relations(cls: Type["T"], model: "T", values: Dict):
+        present_relations = [
+            relation for relation in cls.extract_related_names() if relation in values
+        ]
+        for relation in present_relations:
+            value_to_set = values[relation]
+            if not isinstance(value_to_set, list):
+                value_to_set = [value_to_set]
+            relation_field = cls.Meta.model_fields[relation]
+            relation_value = [
+                cls.construct_from_dict_if_required(relation_field, value=x)
+                for x in value_to_set
+            ]
+
+            for child in relation_value:
+                model._orm.add(
+                    parent=child,
+                    child=model,
+                    field=relation_field,
+                )
+
+    @staticmethod
+    def construct_from_dict_if_required(relation_field: "BaseField", value: Any):
+        return (
+            relation_field.to.construct(**value) if isinstance(value, dict) else value
+        )
 
     def update_from_dict(self, value_dict: Dict) -> "NewBaseModel":
         """
diff --git a/tests/test_model_definition/test_model_construct.py b/tests/test_model_definition/test_model_construct.py
index e27b768..87bd4ba 100644
--- a/tests/test_model_definition/test_model_construct.py
+++ b/tests/test_model_definition/test_model_construct.py
@@ -19,7 +19,6 @@ class NickNames(ormar.Model):
 
     id: int = ormar.Integer(primary_key=True)
     name: str = ormar.String(max_length=100, nullable=False, name="hq_name")
-    is_lame: bool = ormar.Boolean(nullable=True)
 
 
 class NicksHq(ormar.Model):
@@ -69,3 +68,20 @@ async def test_init_and_construct_has_same_effect():
             comp = Company(name="Banzai", hq=hq, founded=1988)
             comp2 = Company.construct(**dict(name="Banzai", hq=hq, founded=1988))
             assert comp.dict() == comp2.dict()
+
+            comp3 = Company.construct(**dict(name="Banzai", hq=hq.dict(), founded=1988))
+            assert comp.dict() == comp3.dict()
+
+
+@pytest.mark.asyncio
+async def test_init_and_construct_has_same_effect_with_m2m():
+    async with database:
+        async with database.transaction(force_rollback=True):
+            n1 = await NickNames(name="test").save()
+            n2 = await NickNames(name="test2").save()
+            hq = HQ(name="Main", nicks=[n1, n2])
+            hq2 = HQ.construct(**dict(name="Main", nicks=[n1, n2]))
+            assert hq.dict() == hq2.dict()
+
+            hq3 = HQ.construct(**dict(name="Main", nicks=[n1.dict(), n2.dict()]))
+            assert hq.dict() == hq3.dict()