diff --git a/django/contrib/admin/templatetags/admin_list.py b/django/contrib/admin/templatetags/admin_list.py
index 806be24144..813c38a7d7 100644
--- a/django/contrib/admin/templatetags/admin_list.py
+++ b/django/contrib/admin/templatetags/admin_list.py
@@ -153,8 +153,6 @@ def items_for_result(cl, result, form):
                 else:
                     result_repr = mark_safe(result_repr)
             else:
-                if value is None:
-                    result_repr = EMPTY_CHANGELIST_VALUE
                 if isinstance(f.rel, models.ManyToOneRel):
                     field_val = getattr(result, f.name)
                     if field_val is None: