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Yes, that is the way you would go about selecting related items with null=True.
Straight from the docs for select_related:
You can refer to any ForeignKey or OneToOneField relation in the list of fields passed to select_related. Ths includes foreign keys that have null=True (unlike the default select_related() call).
Is there a reason you need a different way to perform this action? If not, you have it right already.
Source:stackexchange.com