Systems and methods for cache load balancing by reclaimable block migration are described. In some embodiments, a computer system may include a processor; and a memory coupled to the processor, the memory having program instructions stored thereon that, upon execution by the processor, cause the computer system to: maintain a first list of reclaimable blocks that reside in a first caching device and a first advertised age for the oldest reclaimable block of the first list; maintain a second list of reclaimable blocks that reside in a second caching device and a second advertised age for the oldest reclaimable block of the second list; determine that the second advertised age is older than the first advertised age; and cause the oldest reclaimable block on the first list to be migrated from the first caching device to the second caching device.