diff --git a/src/mcp/client/auth/oauth2.py b/src/mcp/client/auth/oauth2.py
index 9e176980a..cb3db79a5 100644
--- a/src/mcp/client/auth/oauth2.py
+++ b/src/mcp/client/auth/oauth2.py
@@ -452,7 +452,7 @@ async def _exchange_token_authorization_code(
 
     async def _handle_token_response(self, response: httpx.Response) -> None:
         """Handle token exchange response."""
-        if response.status_code != 200:
+        if response.status_code not in {200, 201}:
             body = await response.aread()
             body = body.decode("utf-8")
             raise OAuthTokenError(f"Token exchange failed ({response.status_code}): {body}")
diff --git a/tests/client/test_auth.py b/tests/client/test_auth.py
index a1a0a3fde..197fbe3ca 100644
--- a/tests/client/test_auth.py
+++ b/tests/client/test_auth.py
@@ -862,6 +862,116 @@ async def test_auth_flow_no_unnecessary_retry_after_oauth(
         # Verify exactly one request was yielded (no double-sending)
         assert request_yields == 1, f"Expected 1 request yield, got {request_yields}"
 
+    @pytest.mark.anyio
+    async def test_token_exchange_accepts_201_status(
+        self, oauth_provider: OAuthClientProvider, mock_storage: MockTokenStorage
+    ):
+        """Test that token exchange accepts both 200 and 201 status codes."""
+        # Ensure no tokens are stored
+        oauth_provider.context.current_tokens = None
+        oauth_provider.context.token_expiry_time = None
+        oauth_provider._initialized = True
+
+        # Create a test request
+        test_request = httpx.Request("GET", "https://api.example.com/mcp")
+
+        # Mock the auth flow
+        auth_flow = oauth_provider.async_auth_flow(test_request)
+
+        # First request should be the original request without auth header
+        request = await auth_flow.__anext__()
+        assert "Authorization" not in request.headers
+
+        # Send a 401 response to trigger the OAuth flow
+        response = httpx.Response(
+            401,
+            headers={
+                "WWW-Authenticate": 'Bearer resource_metadata="https://api.example.com/.well-known/oauth-protected-resource"'
+            },
+            request=test_request,
+        )
+
+        # Next request should be to discover protected resource metadata
+        discovery_request = await auth_flow.asend(response)
+        assert discovery_request.method == "GET"
+        assert str(discovery_request.url) == "https://api.example.com/.well-known/oauth-protected-resource"
+
+        # Send a successful discovery response with minimal protected resource metadata
+        discovery_response = httpx.Response(
+            200,
+            content=b'{"resource": "https://api.example.com/mcp", "authorization_servers": ["https://auth.example.com"]}',
+            request=discovery_request,
+        )
+
+        # Next request should be to discover OAuth metadata
+        oauth_metadata_request = await auth_flow.asend(discovery_response)
+        assert oauth_metadata_request.method == "GET"
+        assert str(oauth_metadata_request.url).startswith("https://auth.example.com/")
+        assert "mcp-protocol-version" in oauth_metadata_request.headers
+
+        # Send a successful OAuth metadata response
+        oauth_metadata_response = httpx.Response(
+            200,
+            content=(
+                b'{"issuer": "https://auth.example.com", '
+                b'"authorization_endpoint": "https://auth.example.com/authorize", '
+                b'"token_endpoint": "https://auth.example.com/token", '
+                b'"registration_endpoint": "https://auth.example.com/register"}'
+            ),
+            request=oauth_metadata_request,
+        )
+
+        # Next request should be to register client
+        registration_request = await auth_flow.asend(oauth_metadata_response)
+        assert registration_request.method == "POST"
+        assert str(registration_request.url) == "https://auth.example.com/register"
+
+        # Send a successful registration response with 201 status
+        registration_response = httpx.Response(
+            201,
+            content=b'{"client_id": "test_client_id", "client_secret": "test_client_secret", "redirect_uris": ["http://localhost:3030/callback"]}',
+            request=registration_request,
+        )
+
+        # Mock the authorization process
+        oauth_provider._perform_authorization_code_grant = mock.AsyncMock(
+            return_value=("test_auth_code", "test_code_verifier")
+        )
+
+        # Next request should be to exchange token
+        token_request = await auth_flow.asend(registration_response)
+        assert token_request.method == "POST"
+        assert str(token_request.url) == "https://auth.example.com/token"
+        assert "code=test_auth_code" in token_request.content.decode()
+
+        # Send a successful token response with 201 status code (test both 200 and 201 are accepted)
+        token_response = httpx.Response(
+            201,
+            content=(
+                b'{"access_token": "new_access_token", "token_type": "Bearer", "expires_in": 3600, '
+                b'"refresh_token": "new_refresh_token"}'
+            ),
+            request=token_request,
+        )
+
+        # Final request should be the original request with auth header
+        final_request = await auth_flow.asend(token_response)
+        assert final_request.headers["Authorization"] == "Bearer new_access_token"
+        assert final_request.method == "GET"
+        assert str(final_request.url) == "https://api.example.com/mcp"
+
+        # Send final success response to properly close the generator
+        final_response = httpx.Response(200, request=final_request)
+        try:
+            await auth_flow.asend(final_response)
+        except StopAsyncIteration:
+            pass  # Expected - generator should complete
+
+        # Verify tokens were stored
+        assert oauth_provider.context.current_tokens is not None
+        assert oauth_provider.context.current_tokens.access_token == "new_access_token"
+        assert oauth_provider.context.token_expiry_time is not None
+
     @pytest.mark.anyio
     async def test_403_insufficient_scope_updates_scope_from_header(
         self,