diff --git a/aio-posix.c b/aio-posix.c
index 2440eb9c27..bd06f33c78 100644
--- a/aio-posix.c
+++ b/aio-posix.c
@@ -165,6 +165,10 @@ static bool aio_dispatch(AioContext *ctx)
             g_free(tmp);
         }
     }
+
+    /* Run our timers */
+    progress |= timerlistgroup_run_timers(&ctx->tlg);
+
     return progress;
 }
 
@@ -219,9 +223,9 @@ bool aio_poll(AioContext *ctx, bool blocking)
     }
 
     /* wait until next event */
-    ret = g_poll((GPollFD *)ctx->pollfds->data,
-                 ctx->pollfds->len,
-                 blocking ? -1 : 0);
+    ret = qemu_poll_ns((GPollFD *)ctx->pollfds->data,
+                         ctx->pollfds->len,
+                         blocking ? timerlistgroup_deadline_ns(&ctx->tlg) : 0);
 
     /* if we have any readable fds, dispatch event */
     if (ret > 0) {
@@ -232,9 +236,11 @@ bool aio_poll(AioContext *ctx, bool blocking)
                 node->pfd.revents = pfd->revents;
             }
         }
-        if (aio_dispatch(ctx)) {
-            progress = true;
-        }
+    }
+
+    /* Run dispatch even if there were no readable fds to run timers */
+    if (aio_dispatch(ctx)) {
+        progress = true;
     }
 
     return progress;
diff --git a/aio-win32.c b/aio-win32.c
index 78b2801c51..721fc252ab 100644
--- a/aio-win32.c
+++ b/aio-win32.c
@@ -95,6 +95,7 @@ bool aio_poll(AioContext *ctx, bool blocking)
     HANDLE events[MAXIMUM_WAIT_OBJECTS + 1];
     bool progress;
     int count;
+    int timeout;
 
     progress = false;
 
@@ -108,6 +109,9 @@ bool aio_poll(AioContext *ctx, bool blocking)
         progress = true;
     }
 
+    /* Run timers */
+    progress |= timerlistgroup_run_timers(&ctx->tlg);
+
     /*
      * Then dispatch any pending callbacks from the GSource.
      *
@@ -164,8 +168,11 @@ bool aio_poll(AioContext *ctx, bool blocking)
 
     /* wait until next event */
     while (count > 0) {
-        int timeout = blocking ? INFINITE : 0;
-        int ret = WaitForMultipleObjects(count, events, FALSE, timeout);
+        int ret;
+
+        timeout = blocking ?
+            qemu_timeout_ns_to_ms(timerlistgroup_deadline_ns(&ctx->tlg)) : 0;
+        ret = WaitForMultipleObjects(count, events, FALSE, timeout);
 
         /* if we have any signaled events, dispatch event */
         if ((DWORD) (ret - WAIT_OBJECT_0) >= count) {
@@ -208,5 +215,14 @@ bool aio_poll(AioContext *ctx, bool blocking)
         events[ret - WAIT_OBJECT_0] = events[--count];
     }
 
+    if (blocking) {
+        /* Run the timers a second time. We do this because otherwise aio_wait
+         * will not note progress - and will stop a drain early - if we have
+         * a timer that was not ready to run entering g_poll but is ready
+         * after g_poll. This will only do anything if a timer has expired.
+         */
+        progress |= timerlistgroup_run_timers(&ctx->tlg);
+    }
+
     return progress;
 }