diff --git a/CHANGES b/CHANGES
index 7c2748b98..f67879019 100644
--- a/CHANGES
+++ b/CHANGES
@@ -25,6 +25,7 @@ Bugs fixed
 ----------
 
 * #7886: autodoc: TypeError is raised on mocking generic-typed classes
+* #7901: autodoc: type annotations for overloaded functions are not resolved
 * #7839: autosummary: cannot handle umlauts in function names
 * #7865: autosummary: Failed to extract summary line when abbreviations found
 * #7866: autosummary: Failed to extract correct summary line when docstring
diff --git a/sphinx/ext/autodoc/__init__.py b/sphinx/ext/autodoc/__init__.py
index 9300a2cce..31f390a99 100644
--- a/sphinx/ext/autodoc/__init__.py
+++ b/sphinx/ext/autodoc/__init__.py
@@ -33,7 +33,9 @@ from sphinx.pycode import ModuleAnalyzer, PycodeError
 from sphinx.util import inspect
 from sphinx.util import logging
 from sphinx.util.docstrings import extract_metadata, prepare_docstring
-from sphinx.util.inspect import getdoc, object_description, safe_getattr, stringify_signature
+from sphinx.util.inspect import (
+    evaluate_signature, getdoc, object_description, safe_getattr, stringify_signature
+)
 from sphinx.util.typing import stringify as stringify_typehint
 
 if False:
@@ -1204,7 +1206,9 @@ class FunctionDocumenter(DocstringSignatureMixin, ModuleLevelDocumenter):  # typ
                     documenter.objpath = [None]
                     sigs.append(documenter.format_signature())
         if overloaded:
+            __globals__ = safe_getattr(self.object, '__globals__', {})
             for overload in self.analyzer.overloads.get('.'.join(self.objpath)):
+                overload = evaluate_signature(overload, __globals__)
                 sig = stringify_signature(overload, **kwargs)
                 sigs.append(sig)
 
@@ -1403,7 +1407,11 @@ class ClassDocumenter(DocstringSignatureMixin, ModuleLevelDocumenter):  # type:
         sigs = []
         if overloaded:
             # Use signatures for overloaded methods instead of the implementation method.
+            method = safe_getattr(self._signature_class, self._signature_method_name, None)
+            __globals__ = safe_getattr(method, '__globals__', {})
             for overload in self.analyzer.overloads.get(qualname):
+                overload = evaluate_signature(overload, __globals__)
+
                 parameters = list(overload.parameters.values())
                 overload = overload.replace(parameters=parameters[1:],
                                             return_annotation=Parameter.empty)
@@ -1796,7 +1804,9 @@ class MethodDocumenter(DocstringSignatureMixin, ClassLevelDocumenter):  # type:
                     documenter.objpath = [None]
                     sigs.append(documenter.format_signature())
         if overloaded:
+            __globals__ = safe_getattr(self.object, '__globals__', {})
             for overload in self.analyzer.overloads.get('.'.join(self.objpath)):
+                overload = evaluate_signature(overload, __globals__)
                 if not inspect.isstaticmethod(self.object, cls=self.parent,
                                               name=self.object_name):
                     parameters = list(overload.parameters.values())
diff --git a/sphinx/util/inspect.py b/sphinx/util/inspect.py
index 441f850d1..d34c9cb5d 100644
--- a/sphinx/util/inspect.py
+++ b/sphinx/util/inspect.py
@@ -22,13 +22,14 @@ from inspect import (  # NOQA
     Parameter, isclass, ismethod, ismethoddescriptor, ismodule
 )
 from io import StringIO
-from typing import Any, Callable, Mapping, List, Optional, Tuple
+from typing import Any, Callable, Dict, Mapping, List, Optional, Tuple
 from typing import cast
 
 from sphinx.deprecation import RemovedInSphinx40Warning, RemovedInSphinx50Warning
 from sphinx.pycode.ast import ast  # for py35-37
 from sphinx.pycode.ast import unparse as ast_unparse
 from sphinx.util import logging
+from sphinx.util.typing import ForwardRef
 from sphinx.util.typing import stringify as stringify_annotation
 
 if sys.version_info > (3, 7):
@@ -487,6 +488,46 @@ def signature(subject: Callable, bound_method: bool = False, follow_wrapped: boo
     return inspect.Signature(parameters, return_annotation=return_annotation)
 
 
+def evaluate_signature(sig: inspect.Signature, globalns: Dict = None, localns: Dict = None
+                       ) -> inspect.Signature:
+    """Evaluate unresolved type annotations in a signature object."""
+    def evaluate(annotation: Any, globalns: Dict, localns: Dict) -> Any:
+        """Evaluate unresolved type annotation."""
+        try:
+            if isinstance(annotation, str):
+                ref = ForwardRef(annotation, True)
+                annotation = ref._evaluate(globalns, localns)
+
+                if isinstance(annotation, ForwardRef):
+                    annotation = annotation._evaluate(globalns, localns)
+                elif isinstance(annotation, str):
+                    # might be a ForwardRef'ed annotation in overloaded functions
+                    ref = ForwardRef(annotation, True)
+                    annotation = ref._evaluate(globalns, localns)
+        except (NameError, TypeError):
+            # failed to evaluate type. skipped.
+            pass
+
+        return annotation
+
+    if globalns is None:
+        globalns = {}
+    if localns is None:
+        localns = globalns
+
+    parameters = list(sig.parameters.values())
+    for i, param in enumerate(parameters):
+        if param.annotation:
+            annotation = evaluate(param.annotation, globalns, localns)
+            parameters[i] = param.replace(annotation=annotation)
+
+    return_annotation = sig.return_annotation
+    if return_annotation:
+        return_annotation = evaluate(return_annotation, globalns, localns)
+
+    return sig.replace(parameters=parameters, return_annotation=return_annotation)
+
+
 def stringify_signature(sig: inspect.Signature, show_annotation: bool = True,
                         show_return_annotation: bool = True) -> str:
     """Stringify a Signature object.
diff --git a/sphinx/util/typing.py b/sphinx/util/typing.py
index 18b363eca..86f9c6e5c 100644
--- a/sphinx/util/typing.py
+++ b/sphinx/util/typing.py
@@ -16,6 +16,21 @@ from docutils import nodes
 from docutils.parsers.rst.states import Inliner
 
 
+if sys.version_info > (3, 7):
+    from typing import ForwardRef
+else:
+    from typing import _ForwardRef  # type: ignore
+
+    class ForwardRef:
+        """A pseudo ForwardRef class for py35 and py36."""
+        def __init__(self, arg: Any, is_argument: bool = True) -> None:
+            self.arg = arg
+
+        def _evaluate(self, globalns: Dict, localns: Dict) -> Any:
+            ref = _ForwardRef(self.arg)
+            return ref._eval_type(globalns, localns)
+
+
 # An entry of Directive.option_spec
 DirectiveOption = Callable[[str], Any]
 
diff --git a/tests/roots/test-ext-autodoc/target/overload.py b/tests/roots/test-ext-autodoc/target/overload.py
index da43d32eb..cc4e509f2 100644
--- a/tests/roots/test-ext-autodoc/target/overload.py
+++ b/tests/roots/test-ext-autodoc/target/overload.py
@@ -7,7 +7,7 @@ def sum(x: int, y: int) -> int:
 
 
 @overload
-def sum(x: float, y: float) -> float:
+def sum(x: "float", y: "float") -> "float":
     ...
 
 
@@ -29,7 +29,7 @@ class Math:
         ...
 
     @overload
-    def sum(self, x: float, y: float) -> float:
+    def sum(self, x: "float", y: "float") -> "float":
         ...
 
     @overload
@@ -49,7 +49,7 @@ class Foo:
         ...
 
     @overload
-    def __new__(cls, x: str, y: str) -> "Foo":
+    def __new__(cls, x: "str", y: "str") -> "Foo":
         ...
 
     def __new__(cls, x, y):
@@ -64,7 +64,7 @@ class Bar:
         ...
 
     @overload
-    def __init__(cls, x: str, y: str) -> None:
+    def __init__(cls, x: "str", y: "str") -> "None":
         ...
 
     def __init__(cls, x, y):
@@ -77,7 +77,7 @@ class Meta(type):
         ...
 
     @overload
-    def __call__(cls, x: str, y: str) -> Any:
+    def __call__(cls, x: "str", y: "str") -> "Any":
         ...
 
     def __call__(cls, x, y):