diff --git a/novaclient/client.py b/novaclient/client.py
index 441114185..c5590e7c8 100644
--- a/novaclient/client.py
+++ b/novaclient/client.py
@@ -688,11 +688,9 @@ def _construct_http_client(api_version=None,
                            cacert=None,
                            connection_pool=False,
                            endpoint_type='publicURL',
-                           extensions=None,
                            http_log_debug=False,
                            insecure=False,
                            interface=None,
-                           no_cache=True,
                            os_cache=False,
                            password=None,
                            project_id=None,
@@ -876,6 +874,11 @@ def Client(version, username=None, api_key=None, project_id=None,
 
     _check_arguments(kwargs, "Ocata", "auth_plugin")
     _check_arguments(kwargs, "Ocata", "auth_system")
+    if "no_cache" in kwargs:
+        _check_arguments(kwargs, "Ocata", "no_cache", "os_cache")
+        # os_cache is not a fully compatible with no_cache, so we need to
+        # apply this custom processing
+        kwargs["os_cache"] = not kwargs["os_cache"]
 
     api_version, client_class = _get_client_class_and_version(version)
     kwargs.pop("direct_use", None)
diff --git a/novaclient/tests/unit/test_client.py b/novaclient/tests/unit/test_client.py
index b559882fe..945749d54 100644
--- a/novaclient/tests/unit/test_client.py
+++ b/novaclient/tests/unit/test_client.py
@@ -184,18 +184,6 @@ class ClientTest(utils.TestCase):
         self.assertFalse(cs.os_cache)
         self.assertFalse(cs.client.os_cache)
 
-    def test_client_with_no_cache_enabled(self):
-        cs = novaclient.client.Client("2", "user", "password", "project_id",
-                                      auth_url="foo/v2", no_cache=True)
-        self.assertFalse(cs.os_cache)
-        self.assertFalse(cs.client.os_cache)
-
-    def test_client_with_no_cache_disabled(self):
-        cs = novaclient.client.Client("2", "user", "password", "project_id",
-                                      auth_url="foo/v2", no_cache=False)
-        self.assertTrue(cs.os_cache)
-        self.assertTrue(cs.client.os_cache)
-
     def test_client_set_management_url_v1_1(self):
         cs = novaclient.client.Client("2", "user", "password", "project_id",
                                       auth_url="foo/v2")
diff --git a/novaclient/v2/client.py b/novaclient/v2/client.py
index 717727f46..e86d8cf02 100644
--- a/novaclient/v2/client.py
+++ b/novaclient/v2/client.py
@@ -82,7 +82,6 @@ class Client(object):
                  http_log_debug=False,
                  insecure=False,
                  logger=None,
-                 no_cache=True,
                  os_cache=False,
                  project_id=None,
                  proxy_tenant_id=None,
@@ -116,7 +115,6 @@ class Client(object):
         :param bool insecure: Allow insecure
         :param logging.Logger logger: Logger instance to be used for all
             logging stuff
-        :param bool no_cache: No cache
         :param bool os_cache: OS cache
         :param str project_id: Project ID
         :param str proxy_tenant_id: Tenant ID
@@ -191,7 +189,7 @@ class Client(object):
         self.services = services.ServiceManager(self)
         self.fixed_ips = fixed_ips.FixedIPsManager(self)
         self.floating_ips_bulk = floating_ips_bulk.FloatingIPBulkManager(self)
-        self.os_cache = os_cache or not no_cache
+        self.os_cache = os_cache
         self.availability_zones = \
             availability_zones.AvailabilityZoneManager(self)
         self.server_groups = server_groups.ServerGroupsManager(self)
diff --git a/releasenotes/notes/deprecate-no-cache-arg-7814806b4f79c1b9.yaml b/releasenotes/notes/deprecate-no-cache-arg-7814806b4f79c1b9.yaml
new file mode 100644
index 000000000..2fc9e4bfc
--- /dev/null
+++ b/releasenotes/notes/deprecate-no-cache-arg-7814806b4f79c1b9.yaml
@@ -0,0 +1,5 @@
+---
+deprecations:
+  - novaclient.client.Client entry-point accepted two arguments with same
+    meaning (**no_cache** and **os_cache**). Since **os_cache** is more widely
+    used in our code, **no_cache** was deprecated.