diff --git a/include/block/aio.h b/include/block/aio.h
index 5f342267d5..10fcae1515 100644
--- a/include/block/aio.h
+++ b/include/block/aio.h
@@ -691,10 +691,13 @@ void aio_co_enter(AioContext *ctx, struct Coroutine *co);
  * Return the AioContext whose event loop runs in the current thread.
  *
  * If called from an IOThread this will be the IOThread's AioContext.  If
- * called from another thread it will be the main loop AioContext.
+ * called from the main thread or with the "big QEMU lock" taken it
+ * will be the main loop AioContext.
  */
 AioContext *qemu_get_current_aio_context(void);
 
+void qemu_set_current_aio_context(AioContext *ctx);
+
 /**
  * aio_context_setup:
  * @ctx: the aio context
diff --git a/iothread.c b/iothread.c
index 7f086387be..2c5ccd7367 100644
--- a/iothread.c
+++ b/iothread.c
@@ -39,13 +39,6 @@ DECLARE_CLASS_CHECKERS(IOThreadClass, IOTHREAD,
 #define IOTHREAD_POLL_MAX_NS_DEFAULT 0ULL
 #endif
 
-static __thread IOThread *my_iothread;
-
-AioContext *qemu_get_current_aio_context(void)
-{
-    return my_iothread ? my_iothread->ctx : qemu_get_aio_context();
-}
-
 static void *iothread_run(void *opaque)
 {
     IOThread *iothread = opaque;
@@ -56,7 +49,7 @@ static void *iothread_run(void *opaque)
      * in this new thread uses glib.
      */
     g_main_context_push_thread_default(iothread->worker_context);
-    my_iothread = iothread;
+    qemu_set_current_aio_context(iothread->ctx);
     iothread->thread_id = qemu_get_thread_id();
     qemu_sem_post(&iothread->init_done_sem);
 
diff --git a/stubs/iothread-lock.c b/stubs/iothread-lock.c
index 2a6efad64a..5b45b7fc8b 100644
--- a/stubs/iothread-lock.c
+++ b/stubs/iothread-lock.c
@@ -3,7 +3,7 @@
 
 bool qemu_mutex_iothread_locked(void)
 {
-    return true;
+    return false;
 }
 
 void qemu_mutex_lock_iothread_impl(const char *file, int line)
diff --git a/stubs/iothread.c b/stubs/iothread.c
deleted file mode 100644
index 8cc9e28c55..0000000000
--- a/stubs/iothread.c
+++ /dev/null
@@ -1,8 +0,0 @@
-#include "qemu/osdep.h"
-#include "block/aio.h"
-#include "qemu/main-loop.h"
-
-AioContext *qemu_get_current_aio_context(void)
-{
-    return qemu_get_aio_context();
-}
diff --git a/stubs/meson.build b/stubs/meson.build
index d4e9549dc9..2e79ff9f4d 100644
--- a/stubs/meson.build
+++ b/stubs/meson.build
@@ -16,7 +16,6 @@ stub_ss.add(files('fw_cfg.c'))
 stub_ss.add(files('gdbstub.c'))
 stub_ss.add(files('get-vm-name.c'))
 stub_ss.add(when: 'CONFIG_LINUX_IO_URING', if_true: files('io_uring.c'))
-stub_ss.add(files('iothread.c'))
 stub_ss.add(files('iothread-lock.c'))
 stub_ss.add(files('isa-bus.c'))
 stub_ss.add(files('is-daemonized.c'))
diff --git a/tests/unit/iothread.c b/tests/unit/iothread.c
index afde12b4ef..f9b0791084 100644
--- a/tests/unit/iothread.c
+++ b/tests/unit/iothread.c
@@ -30,13 +30,6 @@ struct IOThread {
     bool stopping;
 };
 
-static __thread IOThread *my_iothread;
-
-AioContext *qemu_get_current_aio_context(void)
-{
-    return my_iothread ? my_iothread->ctx : qemu_get_aio_context();
-}
-
 static void iothread_init_gcontext(IOThread *iothread)
 {
     GSource *source;
@@ -54,9 +47,9 @@ static void *iothread_run(void *opaque)
 
     rcu_register_thread();
 
-    my_iothread = iothread;
     qemu_mutex_lock(&iothread->init_done_lock);
     iothread->ctx = aio_context_new(&error_abort);
+    qemu_set_current_aio_context(iothread->ctx);
 
     /*
      * We must connect the ctx to a GMainContext, because in older versions
diff --git a/util/async.c b/util/async.c
index 674dbefb7c..5d9b7cc1eb 100644
--- a/util/async.c
+++ b/util/async.c
@@ -649,3 +649,23 @@ void aio_context_release(AioContext *ctx)
 {
     qemu_rec_mutex_unlock(&ctx->lock);
 }
+
+static __thread AioContext *my_aiocontext;
+
+AioContext *qemu_get_current_aio_context(void)
+{
+    if (my_aiocontext) {
+        return my_aiocontext;
+    }
+    if (qemu_mutex_iothread_locked()) {
+        /* Possibly in a vCPU thread.  */
+        return qemu_get_aio_context();
+    }
+    return NULL;
+}
+
+void qemu_set_current_aio_context(AioContext *ctx)
+{
+    assert(!my_aiocontext);
+    my_aiocontext = ctx;
+}
diff --git a/util/main-loop.c b/util/main-loop.c
index d9c55df6f5..4ae5b23e99 100644
--- a/util/main-loop.c
+++ b/util/main-loop.c
@@ -170,6 +170,7 @@ int qemu_init_main_loop(Error **errp)
     if (!qemu_aio_context) {
         return -EMFILE;
     }
+    qemu_set_current_aio_context(qemu_aio_context);
     qemu_notify_bh = qemu_bh_new(notify_event_cb, NULL);
     gpollfds = g_array_new(FALSE, FALSE, sizeof(GPollFD));
     src = aio_get_g_source(qemu_aio_context);