diff --git a/modules/@angular/router/index.ts b/modules/@angular/router/index.ts
index e8990c317a..74c9d8e6da 100644
--- a/modules/@angular/router/index.ts
+++ b/modules/@angular/router/index.ts
@@ -8,7 +8,7 @@
 
 
 export {ExtraOptions, provideRouterConfig, provideRoutes} from './src/common_router_providers';
-export {Data, ResolveData, Route, RouterConfig, Routes} from './src/config';
+export {Data, LoadChildren, LoadChildrenCallback, ResolveData, Route, RouterConfig, Routes} from './src/config';
 export {RouterLink, RouterLinkWithHref} from './src/directives/router_link';
 export {RouterLinkActive} from './src/directives/router_link_active';
 export {RouterOutlet} from './src/directives/router_outlet';
diff --git a/modules/@angular/router/src/common_router_providers.ts b/modules/@angular/router/src/common_router_providers.ts
index 38a1dbd8ba..acc19038c1 100644
--- a/modules/@angular/router/src/common_router_providers.ts
+++ b/modules/@angular/router/src/common_router_providers.ts
@@ -7,7 +7,7 @@
  */
 
 import {Location, LocationStrategy, PathLocationStrategy} from '@angular/common';
-import {ANALYZE_FOR_ENTRY_COMPONENTS, APP_BOOTSTRAP_LISTENER, APP_INITIALIZER, ApplicationRef, ComponentResolver, Injector, NgModuleFactoryLoader, OpaqueToken, SystemJsNgModuleLoader} from '@angular/core';
+import {ANALYZE_FOR_ENTRY_COMPONENTS, APP_BOOTSTRAP_LISTENER, APP_INITIALIZER, ApplicationRef, Compiler, ComponentResolver, Injector, NgModuleFactoryLoader, OpaqueToken, SystemJsNgModuleLoader} from '@angular/core';
 
 import {Route, Routes} from './config';
 import {Router} from './router';
@@ -30,13 +30,13 @@ export interface ExtraOptions {
 export function setupRouter(
     ref: ApplicationRef, resolver: ComponentResolver, urlSerializer: UrlSerializer,
     outletMap: RouterOutletMap, location: Location, injector: Injector,
-    loader: NgModuleFactoryLoader, config: Route[][], opts: ExtraOptions = {}) {
+    loader: NgModuleFactoryLoader, compiler: Compiler, config: Route[][], opts: ExtraOptions = {}) {
   if (ref.componentTypes.length == 0) {
     throw new Error('Bootstrap at least one component before injecting Router.');
   }
   const componentType = ref.componentTypes[0];
   const r = new Router(
-      componentType, resolver, urlSerializer, outletMap, location, injector, loader,
+      componentType, resolver, urlSerializer, outletMap, location, injector, loader, compiler,
       flatten(config));
 
   if (opts.enableTracing) {
@@ -92,7 +92,7 @@ export function provideRouter(routes: Routes, config: ExtraOptions = {}): any[]
       useFactory: setupRouter,
       deps: [
         ApplicationRef, ComponentResolver, UrlSerializer, RouterOutletMap, Location, Injector,
-        NgModuleFactoryLoader, ROUTES, ROUTER_CONFIGURATION
+        NgModuleFactoryLoader, Compiler, ROUTES, ROUTER_CONFIGURATION
       ]
     },
 
diff --git a/modules/@angular/router/src/config.ts b/modules/@angular/router/src/config.ts
index 61a6310427..210938c5aa 100644
--- a/modules/@angular/router/src/config.ts
+++ b/modules/@angular/router/src/config.ts
@@ -7,6 +7,7 @@
  */
 
 import {Type} from '@angular/core';
+import {Observable} from 'rxjs/Observable';
 
 
 /**
@@ -474,6 +475,16 @@ export type ResolveData = {
   [name: string]: any
 };
 
+/**
+ * @experimental
+ */
+export type LoadChildrenCallback = () => Type<any>| Promise<Type<any>>| Observable<Type<any>>;
+
+/**
+ * @experimental
+ */
+export type LoadChildren = string | LoadChildrenCallback;
+
 /**
  * See {@link Routes} for more details.
  * @stable
@@ -496,7 +507,7 @@ export interface Route {
   data?: Data;
   resolve?: ResolveData;
   children?: Route[];
-  loadChildren?: string;
+  loadChildren?: LoadChildren;
 }
 
 export function validateConfig(config: Routes): void {
diff --git a/modules/@angular/router/src/router.ts b/modules/@angular/router/src/router.ts
index 219ba22262..f9030549fc 100644
--- a/modules/@angular/router/src/router.ts
+++ b/modules/@angular/router/src/router.ts
@@ -13,7 +13,7 @@ import 'rxjs/add/operator/reduce';
 import 'rxjs/add/operator/every';
 
 import {Location} from '@angular/common';
-import {ComponentFactoryResolver, ComponentResolver, Injector, NgModuleFactoryLoader, ReflectiveInjector, Type} from '@angular/core';
+import {Compiler, ComponentFactoryResolver, ComponentResolver, Injector, NgModuleFactoryLoader, ReflectiveInjector, Type} from '@angular/core';
 import {Observable} from 'rxjs/Observable';
 import {Subject} from 'rxjs/Subject';
 import {Subscription} from 'rxjs/Subscription';
@@ -148,11 +148,11 @@ export class Router {
       private rootComponentType: Type<any>, private resolver: ComponentResolver,
       private urlSerializer: UrlSerializer, private outletMap: RouterOutletMap,
       private location: Location, private injector: Injector, loader: NgModuleFactoryLoader,
-      public config: Routes) {
+      compiler: Compiler, public config: Routes) {
     this.resetConfig(config);
     this.routerEvents = new Subject<Event>();
     this.currentUrlTree = createEmptyUrlTree();
-    this.configLoader = new RouterConfigLoader(loader);
+    this.configLoader = new RouterConfigLoader(loader, compiler);
     this.currentRouterState = createEmptyState(this.currentUrlTree, this.rootComponentType);
   }
 
diff --git a/modules/@angular/router/src/router_config_loader.ts b/modules/@angular/router/src/router_config_loader.ts
index a3ef2f475a..f0e01fe9c0 100644
--- a/modules/@angular/router/src/router_config_loader.ts
+++ b/modules/@angular/router/src/router_config_loader.ts
@@ -6,12 +6,14 @@
  * found in the LICENSE file at https://angular.io/license
  */
 
-import {ComponentFactoryResolver, Injector, NgModuleFactoryLoader, OpaqueToken} from '@angular/core';
+import {Compiler, ComponentFactoryResolver, Injector, NgModuleFactory, NgModuleFactoryLoader, OpaqueToken} from '@angular/core';
 import {Observable} from 'rxjs/Observable';
 import {fromPromise} from 'rxjs/observable/fromPromise';
+import {of } from 'rxjs/observable/of';
+
+import {LoadChildren, Route} from './config';
+import {flatten, wrapIntoObservable} from './utils/collection';
 
-import {Route} from './config';
-import {flatten} from './utils/collection';
 
 
 /**
@@ -27,13 +29,24 @@ export class LoadedRouterConfig {
 }
 
 export class RouterConfigLoader {
-  constructor(private loader: NgModuleFactoryLoader) {}
+  constructor(private loader: NgModuleFactoryLoader, private compiler: Compiler) {}
 
-  load(parentInjector: Injector, path: string): Observable<LoadedRouterConfig> {
-    return fromPromise(this.loader.load(path).then(r => {
+  load(parentInjector: Injector, loadChildren: LoadChildren): Observable<LoadedRouterConfig> {
+    return this.loadModuleFactory(loadChildren).map(r => {
       const ref = r.create(parentInjector);
       return new LoadedRouterConfig(
           flatten(ref.injector.get(ROUTES)), ref.injector, ref.componentFactoryResolver);
-    }));
+    });
   }
-}
+
+  private loadModuleFactory(loadChildren: LoadChildren): Observable<NgModuleFactory<any>> {
+    if (typeof loadChildren === 'string') {
+      return fromPromise(this.loader.load(loadChildren));
+    } else {
+      const offlineMode = this.compiler instanceof Compiler;
+      return wrapIntoObservable(loadChildren())
+          .mergeMap(
+              t => offlineMode ? of (<any>t) : fromPromise(this.compiler.compileModuleAsync(t)));
+    }
+  }
+}
\ No newline at end of file
diff --git a/modules/@angular/router/src/router_module.ts b/modules/@angular/router/src/router_module.ts
index 646d47f545..a667d5f66c 100644
--- a/modules/@angular/router/src/router_module.ts
+++ b/modules/@angular/router/src/router_module.ts
@@ -7,7 +7,7 @@
  */
 
 import {APP_BASE_HREF, HashLocationStrategy, Location, LocationStrategy, PathLocationStrategy, PlatformLocation} from '@angular/common';
-import {ApplicationRef, ComponentResolver, Inject, Injector, ModuleWithProviders, NgModule, NgModuleFactoryLoader, OpaqueToken, Optional, SystemJsNgModuleLoader} from '@angular/core';
+import {ApplicationRef, Compiler, ComponentResolver, Inject, Injector, ModuleWithProviders, NgModule, NgModuleFactoryLoader, OpaqueToken, Optional, SystemJsNgModuleLoader} from '@angular/core';
 
 import {ExtraOptions, ROUTER_CONFIGURATION, provideRouterConfig, provideRouterInitializer, provideRoutes, rootRoute, setupRouter} from './common_router_providers';
 import {Routes} from './config';
@@ -42,7 +42,7 @@ export const ROUTER_PROVIDERS: any[] = [
     useFactory: setupRouter,
     deps: [
       ApplicationRef, ComponentResolver, UrlSerializer, RouterOutletMap, Location, Injector,
-      NgModuleFactoryLoader, ROUTES, ROUTER_CONFIGURATION
+      NgModuleFactoryLoader, Compiler, ROUTES, ROUTER_CONFIGURATION
     ]
   },
   RouterOutletMap, {provide: ActivatedRoute, useFactory: rootRoute, deps: [Router]},
diff --git a/modules/@angular/router/src/utils/collection.ts b/modules/@angular/router/src/utils/collection.ts
index 551d076140..37ae7a5c6a 100644
--- a/modules/@angular/router/src/utils/collection.ts
+++ b/modules/@angular/router/src/utils/collection.ts
@@ -122,7 +122,7 @@ export function andObservables(observables: Observable<Observable<any>>): Observ
   return observables.mergeAll().every(result => result === true);
 }
 
-export function wrapIntoObservable<T>(value: T | Observable<T>): Observable<T> {
+export function wrapIntoObservable<T>(value: T | Promise<T>| Observable<T>): Observable<T> {
   if (value instanceof Observable) {
     return value;
   } else if (value instanceof Promise) {
diff --git a/modules/@angular/router/test/integration.spec.ts b/modules/@angular/router/test/integration.spec.ts
index ea24355594..4569f1fc8b 100644
--- a/modules/@angular/router/test/integration.spec.ts
+++ b/modules/@angular/router/test/integration.spec.ts
@@ -1608,6 +1608,33 @@ describe('Integration', () => {
              expect(fixture.debugElement.nativeElement).toHaveText('lazy-loaded');
            })));
 
+    it('works when given a callback',
+       fakeAsync(inject(
+           [Router, TestComponentBuilder, Location, NgModuleFactoryLoader],
+           (router: Router, tcb: TestComponentBuilder, location: Location) => {
+             @Component({selector: 'lazy', template: 'lazy-loaded'})
+             class LazyLoadedComponent {
+             }
+
+             @NgModule({
+               declarations: [LazyLoadedComponent],
+               imports: [RouterModule.forChild([{path: 'loaded', component: LazyLoadedComponent}])],
+               entryComponents: [LazyLoadedComponent]
+             })
+             class LoadedModule {
+             }
+
+             const fixture = createRoot(tcb, router, RootCmp);
+
+             router.resetConfig([{path: 'lazy', loadChildren: () => LoadedModule}]);
+
+             router.navigateByUrl('/lazy/loaded');
+             advance(fixture);
+
+             expect(location.path()).toEqual('/lazy/loaded');
+             expect(fixture.debugElement.nativeElement).toHaveText('lazy-loaded');
+           })));
+
     it('error emit an error when cannot load a config',
        fakeAsync(inject(
            [Router, TestComponentBuilder, Location, NgModuleFactoryLoader],
diff --git a/modules/@angular/router/testing/router_testing_module.ts b/modules/@angular/router/testing/router_testing_module.ts
index e3c0346108..72c98ec8d0 100644
--- a/modules/@angular/router/testing/router_testing_module.ts
+++ b/modules/@angular/router/testing/router_testing_module.ts
@@ -40,9 +40,11 @@ export class SpyNgModuleFactoryLoader implements NgModuleFactoryLoader {
 
 function setupTestingRouter(
     resolver: ComponentResolver, urlSerializer: UrlSerializer, outletMap: RouterOutletMap,
-    location: Location, loader: NgModuleFactoryLoader, injector: Injector, routes: Route[][]) {
+    location: Location, loader: NgModuleFactoryLoader, compiler: Compiler, injector: Injector,
+    routes: Route[][]) {
   return new Router(
-      null, resolver, urlSerializer, outletMap, location, injector, loader, flatten(routes));
+      null, resolver, urlSerializer, outletMap, location, injector, loader, compiler,
+      flatten(routes));
 }
 
 /**
@@ -75,7 +77,7 @@ function setupTestingRouter(
       useFactory: setupTestingRouter,
       deps: [
         ComponentResolver, UrlSerializer, RouterOutletMap, Location, NgModuleFactoryLoader,
-        Injector, ROUTES
+        Compiler, Injector, ROUTES
       ]
     },
   ]
diff --git a/tools/public_api_guard/router/index.d.ts b/tools/public_api_guard/router/index.d.ts
index 3d37d00660..4b28c76abf 100644
--- a/tools/public_api_guard/router/index.d.ts
+++ b/tools/public_api_guard/router/index.d.ts
@@ -75,6 +75,12 @@ export interface ExtraOptions {
     useHash?: boolean;
 }
 
+/** @experimental */
+export declare type LoadChildren = string | LoadChildrenCallback;
+
+/** @experimental */
+export declare type LoadChildrenCallback = () => Type<any> | Promise<Type<any>> | Observable<Type<any>>;
+
 /** @stable */
 export declare class NavigationCancel {
     id: number;
@@ -156,7 +162,7 @@ export interface Route {
     children?: Route[];
     component?: Type<any> | string;
     data?: Data;
-    loadChildren?: string;
+    loadChildren?: LoadChildren;
     outlet?: string;
     path?: string;
     pathMatch?: string;
@@ -172,7 +178,7 @@ export declare class Router {
     /** @experimental */ navigated: boolean;
     routerState: RouterState;
     url: string;
-    constructor(rootComponentType: Type<any>, resolver: ComponentResolver, urlSerializer: UrlSerializer, outletMap: RouterOutletMap, location: Location, injector: Injector, loader: NgModuleFactoryLoader, config: Routes);
+    constructor(rootComponentType: Type<any>, resolver: ComponentResolver, urlSerializer: UrlSerializer, outletMap: RouterOutletMap, location: Location, injector: Injector, loader: NgModuleFactoryLoader, compiler: Compiler, config: Routes);
     createUrlTree(commands: any[], {relativeTo, queryParams, fragment, preserveQueryParams, preserveFragment}?: NavigationExtras): UrlTree;
     dispose(): void;
     initialNavigation(): void;