diff --git a/esphome/components/lilygo_t5_47/touchscreen/__init__.py b/esphome/components/lilygo_t5_47/touchscreen/__init__.py
index 01b03c807f..17f7262785 100644
--- a/esphome/components/lilygo_t5_47/touchscreen/__init__.py
+++ b/esphome/components/lilygo_t5_47/touchscreen/__init__.py
@@ -18,7 +18,7 @@ LilygoT547Touchscreen = lilygo_t5_47_ns.class_(
 
 CONF_LILYGO_T5_47_TOUCHSCREEN_ID = "lilygo_t5_47_touchscreen_id"
 
-CONFIG_SCHEMA = touchscreen.TOUCHSCREEN_SCHEMA.extend(
+CONFIG_SCHEMA = touchscreen.touchscreen_schema("250ms").extend(
     cv.Schema(
         {
             cv.GenerateID(): cv.declare_id(LilygoT547Touchscreen),
diff --git a/esphome/components/touchscreen/__init__.py b/esphome/components/touchscreen/__init__.py
index bc09c6364d..99aee5c9fb 100644
--- a/esphome/components/touchscreen/__init__.py
+++ b/esphome/components/touchscreen/__init__.py
@@ -24,6 +24,7 @@ CONF_DISPLAY = "display"
 CONF_TOUCHSCREEN_ID = "touchscreen_id"
 CONF_REPORT_INTERVAL = "report_interval"  # not used yet:
 CONF_ON_UPDATE = "on_update"
+CONF_TOUCH_TIMEOUT = "touch_timeout"
 
 CONF_MIRROR_X = "mirror_x"
 CONF_MIRROR_Y = "mirror_y"
@@ -31,21 +32,29 @@ CONF_SWAP_XY = "swap_xy"
 CONF_TRANSFORM = "transform"
 
 
-TOUCHSCREEN_SCHEMA = cv.Schema(
-    {
-        cv.GenerateID(CONF_DISPLAY): cv.use_id(display.Display),
-        cv.Optional(CONF_TRANSFORM): cv.Schema(
-            {
-                cv.Optional(CONF_SWAP_XY, default=False): cv.boolean,
-                cv.Optional(CONF_MIRROR_X, default=False): cv.boolean,
-                cv.Optional(CONF_MIRROR_Y, default=False): cv.boolean,
-            }
-        ),
-        cv.Optional(CONF_ON_TOUCH): automation.validate_automation(single=True),
-        cv.Optional(CONF_ON_UPDATE): automation.validate_automation(single=True),
-        cv.Optional(CONF_ON_RELEASE): automation.validate_automation(single=True),
-    }
-).extend(cv.polling_component_schema("50ms"))
+def touchscreen_schema(default_touch_timeout):
+    return cv.Schema(
+        {
+            cv.GenerateID(CONF_DISPLAY): cv.use_id(display.Display),
+            cv.Optional(CONF_TRANSFORM): cv.Schema(
+                {
+                    cv.Optional(CONF_SWAP_XY, default=False): cv.boolean,
+                    cv.Optional(CONF_MIRROR_X, default=False): cv.boolean,
+                    cv.Optional(CONF_MIRROR_Y, default=False): cv.boolean,
+                }
+            ),
+            cv.Optional(CONF_TOUCH_TIMEOUT, default=default_touch_timeout): cv.All(
+                cv.positive_time_period_milliseconds,
+                cv.Range(max=cv.TimePeriod(milliseconds=65535)),
+            ),
+            cv.Optional(CONF_ON_TOUCH): automation.validate_automation(single=True),
+            cv.Optional(CONF_ON_UPDATE): automation.validate_automation(single=True),
+            cv.Optional(CONF_ON_RELEASE): automation.validate_automation(single=True),
+        }
+    ).extend(cv.polling_component_schema("50ms"))
+
+
+TOUCHSCREEN_SCHEMA = touchscreen_schema(cv.UNDEFINED)
 
 
 async def register_touchscreen(var, config):
@@ -54,6 +63,9 @@ async def register_touchscreen(var, config):
     disp = await cg.get_variable(config[CONF_DISPLAY])
     cg.add(var.set_display(disp))
 
+    if CONF_TOUCH_TIMEOUT in config:
+        cg.add(var.set_touch_timeout(config[CONF_TOUCH_TIMEOUT]))
+
     if CONF_TRANSFORM in config:
         transform = config[CONF_TRANSFORM]
         cg.add(var.set_swap_xy(transform[CONF_SWAP_XY]))
diff --git a/esphome/components/touchscreen/touchscreen.cpp b/esphome/components/touchscreen/touchscreen.cpp
index f095c2af8c..18a4230197 100644
--- a/esphome/components/touchscreen/touchscreen.cpp
+++ b/esphome/components/touchscreen/touchscreen.cpp
@@ -47,6 +47,11 @@ void Touchscreen::loop() {
     } else {
       this->store_.touched = false;
       this->defer([this]() { this->send_touches_(); });
+      if (this->touch_timeout_ > 0) {
+        // Simulate a touch after <this->touch_timeout_> ms. This will reset any existing timeout operation.
+        // This is to detect touch release.
+        this->set_timeout(TAG, this->touch_timeout_, [this]() { this->store_.touched = true; });
+      }
     }
   }
 }
@@ -90,6 +95,9 @@ void Touchscreen::add_raw_touch_position_(uint8_t id, int16_t x_raw, int16_t y_r
 
 void Touchscreen::send_touches_() {
   if (!this->is_touched_) {
+    if (this->touch_timeout_ > 0) {
+      this->cancel_timeout(TAG);
+    }
     this->release_trigger_.trigger();
     for (auto *listener : this->touch_listeners_)
       listener->release();
diff --git a/esphome/components/touchscreen/touchscreen.h b/esphome/components/touchscreen/touchscreen.h
index 74747c589c..06aff68f07 100644
--- a/esphome/components/touchscreen/touchscreen.h
+++ b/esphome/components/touchscreen/touchscreen.h
@@ -46,6 +46,7 @@ class Touchscreen : public PollingComponent {
   void set_display(display::Display *display) { this->display_ = display; }
   display::Display *get_display() const { return this->display_; }
 
+  void set_touch_timeout(uint16_t val) { this->touch_timeout_ = val; }
   void set_mirror_x(bool invert_x) { this->invert_x_ = invert_x; }
   void set_mirror_y(bool invert_y) { this->invert_y_ = invert_y; }
   void set_swap_xy(bool swap) { this->swap_x_y_ = swap; }
@@ -100,6 +101,7 @@ class Touchscreen : public PollingComponent {
   display::Display *display_{nullptr};
 
   int16_t x_raw_min_{0}, x_raw_max_{0}, y_raw_min_{0}, y_raw_max_{0};
+  uint16_t touch_timeout_{0};
   bool invert_x_{false}, invert_y_{false}, swap_x_y_{false};
 
   Trigger<TouchPoint, const TouchPoints_t &> touch_trigger_;