diff --git a/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/instrumentation.rb b/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/instrumentation.rb
index 6d76b91f4..58500bbc9 100644
--- a/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/instrumentation.rb
+++ b/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/instrumentation.rb
@@ -39,6 +39,7 @@ def require_dependencies
           require_relative 'patches/transactions_class_methods'
           require_relative 'patches/validations'
           require_relative 'patches/relation_persistence'
+          require_relative 'patches/async_query_context_propagation'
         end
 
         def patch_activerecord
@@ -55,6 +56,9 @@ def patch_activerecord
             ::ActiveRecord::Base.prepend(Patches::Validations)
 
             ::ActiveRecord::Relation.prepend(Patches::RelationPersistence)
+
+            ::ActiveRecord::ConnectionAdapters::ConnectionPool.prepend(Patches::AsyncQueryContextPropagation)
+            ::ActiveRecord::FutureResult.prepend(Patches::FutureResultExtensions)
           end
         end
       end
diff --git a/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/patches/async_query_context_propagation.rb b/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/patches/async_query_context_propagation.rb
new file mode 100644
index 000000000..9a8e073f7
--- /dev/null
+++ b/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/patches/async_query_context_propagation.rb
@@ -0,0 +1,41 @@
+# frozen_string_literal: true
+
+# Copyright The OpenTelemetry Authors
+#
+# SPDX-License-Identifier: Apache-2.0
+
+module OpenTelemetry
+  module Instrumentation
+    module ActiveRecord
+      module Patches
+        # Module to prepend to ActiveRecord::ConnectionAdapters::ConnectionPool
+        module AsyncQueryContextPropagation
+          def schedule_query(future_result) # :nodoc:
+            context = OpenTelemetry::Context.current
+
+            @async_executor.post do
+              # This can happen in the request thread, in the case of a busy executor (fallback_action is executed.)
+              # FIXME: This override should be unecessary if the concurrent-ruby instrumentation is always installed.
+              OpenTelemetry::Context.with_current(context) do
+                future_result.execute_or_skip
+              end
+            end
+
+            Thread.pass
+          end
+        end
+
+        module FutureResultExtensions
+          private
+
+          def execute_query(connection, async: false)
+            _, name = @args
+            Instrumentation.instance.tracer.in_span(name, attributes: { 'async' => async }) do
+              super
+            end
+          end
+        end
+      end
+    end
+  end
+end
diff --git a/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/patches/querying.rb b/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/patches/querying.rb
index 0b9f37904..1f177a95e 100644
--- a/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/patches/querying.rb
+++ b/instrumentation/active_record/lib/opentelemetry/instrumentation/active_record/patches/querying.rb
@@ -21,7 +21,8 @@ module ClassMethods
             method_name = ::ActiveRecord.version >= Gem::Version.new('7.0.0') ? :_query_by_sql : :find_by_sql
 
             define_method(method_name) do |*args, **kwargs, &block|
-              tracer.in_span("#{self} query") do
+              query_span_name = "#{self} query"
+              tracer.in_span(kwargs[:async] ? "schedule #{query_span_name}" : query_span_name) do
                 super(*args, **kwargs, &block)
               end
             end
diff --git a/instrumentation/active_record/test/instrumentation/active_record/patches/async_query_context_propagation_test.rb b/instrumentation/active_record/test/instrumentation/active_record/patches/async_query_context_propagation_test.rb
new file mode 100644
index 000000000..b67d0ccb5
--- /dev/null
+++ b/instrumentation/active_record/test/instrumentation/active_record/patches/async_query_context_propagation_test.rb
@@ -0,0 +1,183 @@
+# frozen_string_literal: true
+
+# Copyright The OpenTelemetry Authors
+#
+# SPDX-License-Identifier: Apache-2.0
+
+require 'test_helper'
+
+require_relative '../../../../lib/opentelemetry/instrumentation/active_record'
+require_relative '../../../../lib/opentelemetry/instrumentation/active_record/patches/async_query_context_propagation'
+
+ASYNC_TEST_LOGGER = Logger.new($stdout).tap { |logger| logger.level = Logger::WARN }
+
+describe OpenTelemetry::Instrumentation::ActiveRecord::Patches::AsyncQueryContextPropagation do
+  let(:exporter) { EXPORTER }
+  let(:unfiltered_spans) { exporter.finished_spans }
+  let(:instrumentation) { OpenTelemetry::Instrumentation::ActiveRecord::Instrumentation.instance }
+  let(:logger) { ASYNC_TEST_LOGGER }
+
+  before do
+    exporter.reset
+    setup_asynchronous_queries_session
+    User.create!
+  end
+
+  after do
+    teardown_asynchronous_queries_session
+
+    ActiveRecord::Base.subclasses.each do |model|
+      model.connection.truncate(model.table_name)
+    end
+  end
+
+  def setup_asynchronous_queries_session
+    @_async_queries_session = ActiveRecord::Base.asynchronous_queries_tracker.start_session
+  end
+
+  def teardown_asynchronous_queries_session
+    ActiveRecord::Base.asynchronous_queries_tracker.finalize_session(true) if @_async_queries_session
+  end
+
+  def run_async_load
+    logger.debug('>>> run async load')
+    in_new_trace do
+      instrumentation.tracer.in_span('test_wrapper') do
+        if block_given?
+          yield
+        else
+          users = User.all.load_async
+          sleep(0.5)
+          logger.debug('>>> async #to_a')
+          users.to_a
+        end
+      end
+    end
+  end
+
+  def in_new_trace(&block)
+    OpenTelemetry::Context.with_current(OpenTelemetry::Context::ROOT, &block)
+  end
+
+  def spans
+    test_wrapper_span = unfiltered_spans.find { |span| span.name == 'test_wrapper' }
+    unfiltered_spans.select { |span| span.trace_id == test_wrapper_span.trace_id }
+  end
+
+  def span_names
+    spans.map(&:name).sort
+  end
+
+  # call with block_queue: true to completely block the executor (no tasks can be enqueued),
+  # or with block_queue: false to block the workers only (tasks still accepted in the queue)
+  def with_busy_executor(block_queue: true)
+    _(ActiveRecord.async_query_executor).must_equal :global_thread_pool
+
+    mutex = Mutex.new
+    condvar = ConditionVariable.new
+    executor = ActiveRecord.instance_variable_get(:@global_thread_pool_async_query_executor)
+
+    task_count = executor.max_length
+    task_count += executor.max_queue if block_queue
+
+    awaiting_signals = (0...task_count).to_a
+
+    # Fill up the max thread count and queue with tasks that
+    # will never complete until they are signaled to do so.
+    task_count.times do |n|
+      executor.post do
+        mutex.synchronize do
+          ASYNC_TEST_LOGGER.debug("task #{n} waiting...")
+          condvar.wait(mutex)
+          ASYNC_TEST_LOGGER.debug("task #{n} got the signal")
+          awaiting_signals.delete(n)
+        end
+      end
+    end
+
+    logger.debug("yielding... block_queue=#{block_queue}")
+    yield
+    logger.debug('...done!')
+  ensure
+    logger.debug('cleaning up...')
+    # clean up the queue
+    mutex.synchronize { condvar.signal } until awaiting_signals.empty?
+  end
+
+  def current_thread_id
+    Thread.current.object_id
+  end
+
+  def execute_query_span
+    spans.find { |span| span.name == 'User Load' }
+  end
+
+  it 'async_query' do
+    run_async_load
+
+    _(span_names).must_equal(['test_wrapper', 'User Load', 'schedule User query'].sort)
+    _(execute_query_span.attributes['__test_only_thread_id']).wont_equal(current_thread_id)
+    _(execute_query_span.attributes['async']).must_equal(true)
+  end
+
+  describe 'no executor' do
+    before do
+      @async_query_executor_was = ActiveRecord.async_query_executor
+      ActiveRecord.async_query_executor = nil
+    end
+
+    after do
+      ActiveRecord.async_query_executor = @async_query_executor_was
+    end
+
+    it 'is not actually async' do
+      run_async_load # sic
+
+      _(spans.map(&:name)).wont_include('Schedule User query')
+      _(spans.map(&:name)).must_include('User query')
+
+      user_query = spans.find { |span| span.name == 'User query' }
+      _(user_query.attributes['async']).must_equal(false) if user_query.attributes.key?('async')
+      _(span_names).must_equal(['User query', 'test_wrapper'].sort)
+    end
+  end
+
+  it 'async_query_blocked_executor' do
+    with_busy_executor { run_async_load }
+
+    # In this case the wrapped task is executed as the 'fallback_action' by the thread pool executor,
+    # so we get the async span, even though it is not actually async.
+    _(execute_query_span.attributes['__test_only_thread_id']).must_equal(current_thread_id)
+
+    skip(<<~SKIP)
+      FIXME: async _should_ be false here, but it's executed as a fallback action and
+      is incorrectly set to `true`
+    SKIP
+
+    _(execute_query_span.attributes['async']).must_equal(false)
+  end
+
+  it 'async_query_slow_executor' do
+    # executor accepts task, but doesn't fulfill it before the waiter
+    with_busy_executor(block_queue: false) do
+      run_async_load
+    end
+
+    # When #to_a is called, the query is still pending and hasn't been picked up,
+    # so AR executes is synchronously. The executor task is cancelled (or should be?),
+    # so this span won't be here.
+    _(execute_query_span.attributes['async']).must_equal(false)
+    _(span_names).must_equal(['User Load', 'schedule User query', 'test_wrapper'])
+  end
+
+  it 'async_query_no_wait' do
+    run_async_load do
+      User.all.load_async.to_a
+    end
+
+    # here we called #to_a inline, so it executed before the async scheduler
+    # could assign the task to a worker. I'm not sure this test will always pass.
+    _(execute_query_span.attributes['async']).must_equal(false)
+    _(execute_query_span.attributes['__test_only_thread_id']).must_equal(current_thread_id)
+  end
+end
diff --git a/instrumentation/active_record/test/instrumentation/active_record/patches/querying_test.rb b/instrumentation/active_record/test/instrumentation/active_record/patches/querying_test.rb
index 5a398a3c2..2097fa0a5 100644
--- a/instrumentation/active_record/test/instrumentation/active_record/patches/querying_test.rb
+++ b/instrumentation/active_record/test/instrumentation/active_record/patches/querying_test.rb
@@ -14,6 +14,7 @@
   let(:spans) { exporter.finished_spans }
 
   before { exporter.reset }
+
   after do
     ActiveRecord::Base.subclasses.each do |model|
       model.connection.truncate(model.table_name)
diff --git a/instrumentation/active_record/test/test_helper.rb b/instrumentation/active_record/test/test_helper.rb
index 02751e7f6..d643cba54 100644
--- a/instrumentation/active_record/test/test_helper.rb
+++ b/instrumentation/active_record/test/test_helper.rb
@@ -29,6 +29,8 @@
 ActiveRecord::Base.logger = logger
 ActiveRecord::Migration.verbose = false
 
+ActiveRecord.async_query_executor = :global_thread_pool
+
 ActiveRecord::Base.establish_connection(
   adapter: 'sqlite3',
   database: 'db/development.sqlite3'
@@ -84,3 +86,15 @@ def change
 end
 
 Minitest.after_run { CreateUserTable.migrate(:down) }
+
+# Used in async tests to determine what thread spawned which span
+module SpanThreadIdTracking
+  def internal_start_span(name, kind, attributes, links, start_timestamp, parent_context, instrumentation_scope)
+    attributes ||= {}
+    attributes['__test_only_thread_id'] = Thread.current.object_id
+
+    super
+  end
+end
+
+OpenTelemetry::SDK::Trace::TracerProvider.prepend(SpanThreadIdTracking)