Provided are a computer program product, system, and method for invalidating track format information for tracks in cache. Demoted tracks demoted from the cache are indicated in a demoted track list. Track format information is saved for the demoted tracks. The track format information indicates a layout of data in the demoted tracks, wherein the track format information for the demoted tracks is used when the demoted tracks are staged back into the cache. An operation is initiated to invalidate a metadata track of the metadata tracks in the storage. Demoted tracks indicated in the demoted track list having metadata in the metadata track to invalidate are removed. The track format information for the demoted tracks having metadata in the metadata track to invalidate is removed.