diff --git a/ddtrace/internal/datadog/profiling/stack_v2/__init__.pyi b/ddtrace/internal/datadog/profiling/stack_v2/__init__.pyi
index 72654f5bd42..a051cb22c3d 100644
--- a/ddtrace/internal/datadog/profiling/stack_v2/__init__.pyi
+++ b/ddtrace/internal/datadog/profiling/stack_v2/__init__.pyi
@@ -24,7 +24,7 @@ def unregister_thread(name: str) -> None: ...
 
 # Asyncio support
 def track_asyncio_loop(thread_id: int, loop: Optional[asyncio.AbstractEventLoop]) -> None: ...
-def link_tasks(parent: asyncio.AbstractEventLoop, child: asyncio.Task) -> None: ...
+def link_tasks(parent: asyncio.Task, child: asyncio.Future) -> None: ...
 def init_asyncio(
     current_tasks: Sequence[asyncio.Task],
     scheduled_tasks: Sequence[asyncio.Task],
diff --git a/ddtrace/profiling/_asyncio.py b/ddtrace/profiling/_asyncio.py
index 967c3081d3f..de64fc72df3 100644
--- a/ddtrace/profiling/_asyncio.py
+++ b/ddtrace/profiling/_asyncio.py
@@ -132,6 +132,19 @@ def _(f, args, kwargs):
                 for child in children:
                     stack_v2.link_tasks(parent, child)
 
+        @partial(wrap, sys.modules["asyncio"].tasks._wait)
+        def _(f, args, kwargs):
+            try:
+                return f(*args, **kwargs)
+            finally:
+                futures = typing.cast(typing.Iterable["asyncio.Future"], get_argument_value(args, kwargs, 0, "fs"))
+                loop = typing.cast("asyncio.AbstractEventLoop", get_argument_value(args, kwargs, 3, "loop"))
+
+                # Link the parent gathering task to the gathered children
+                parent: "asyncio.Task" = globals()["current_task"](loop)
+                for future in futures:
+                    stack_v2.link_tasks(parent, future)
+
         _call_init_asyncio(asyncio)
 
 
diff --git a/releasenotes/notes/profiling-track-asyncio-wait-5c7c5f7e06760c9f.yaml b/releasenotes/notes/profiling-track-asyncio-wait-5c7c5f7e06760c9f.yaml
new file mode 100644
index 00000000000..27e7d242497
--- /dev/null
+++ b/releasenotes/notes/profiling-track-asyncio-wait-5c7c5f7e06760c9f.yaml
@@ -0,0 +1,4 @@
+features:
+  - |
+    profiling: This introduces tracking for ``asyncio.wait`` in the Profiler.
+    This makes it possible to track dependencies between Tasks/Coroutines that await/are awaited through ``asyncio.wait``.
diff --git a/tests/profiling/collector/test_asyncio_gather.py b/tests/profiling/collector/test_asyncio_gather.py
new file mode 100644
index 00000000000..a6deeb3e9db
--- /dev/null
+++ b/tests/profiling/collector/test_asyncio_gather.py
@@ -0,0 +1,180 @@
+import pytest
+
+
+@pytest.mark.subprocess(
+    env=dict(
+        DD_PROFILING_OUTPUT_PPROF="/tmp/test_asyncio_utils_gather",
+    ),
+    err=None,
+)
+# For macOS: err=None ignores expected stderr from tracer failing to connect to agent (not relevant to this test)
+def test_asyncio_gather() -> None:
+    import asyncio
+    import os
+    import time
+    import uuid
+
+    from ddtrace import ext
+    from ddtrace.internal.datadog.profiling import stack_v2
+    from ddtrace.profiling import profiler
+    from ddtrace.trace import tracer
+    from tests.profiling.collector import pprof_utils
+
+    assert stack_v2.is_available, stack_v2.failure_msg
+
+    sleep_time = 0.2
+    loop_run_time = 3
+
+    async def inner1() -> None:
+        start_time = time.time()
+        while time.time() < start_time + loop_run_time:
+            await asyncio.sleep(sleep_time)
+
+    async def inner2() -> None:
+        start_time = time.time()
+        while time.time() < start_time + loop_run_time:
+            await asyncio.sleep(sleep_time)
+
+    async def outer() -> None:
+        t1 = asyncio.create_task(inner1(), name="inner 1")
+        t2 = asyncio.create_task(inner2(), name="inner 2")
+        await asyncio.gather(t1, t2)
+
+    resource = str(uuid.uuid4())
+    span_type = ext.SpanTypes.WEB
+
+    p = profiler.Profiler(tracer=tracer)
+    p.start()
+    with tracer.trace("test_asyncio", resource=resource, span_type=span_type) as span:
+        span_id = span.span_id
+        local_root_span_id = span._local_root.span_id
+
+        loop = asyncio.new_event_loop()
+        asyncio.set_event_loop(loop)
+        main_task = loop.create_task(outer(), name="outer")
+        loop.run_until_complete(main_task)
+
+    p.stop()
+
+    output_filename = os.environ["DD_PROFILING_OUTPUT_PPROF"] + "." + str(os.getpid())
+
+    profile = pprof_utils.parse_newest_profile(output_filename)
+
+    samples_with_span_id = pprof_utils.get_samples_with_label_key(profile, "span id")
+    assert len(samples_with_span_id) > 0
+
+    # get samples with task_name
+    samples = pprof_utils.get_samples_with_label_key(profile, "task name")
+    # The next fails if stack_v2 is not properly configured with asyncio task
+    # tracking via ddtrace.profiling._asyncio
+    assert len(samples) > 0
+
+    pprof_utils.assert_profile_has_sample(
+        profile,
+        samples,
+        expected_sample=pprof_utils.StackEvent(
+            thread_name="MainThread",
+            task_name="outer",
+            span_id=span_id,
+            local_root_span_id=local_root_span_id,
+            locations=[
+                pprof_utils.StackLocation(
+                    function_name="outer", filename="test_asyncio_gather.py", line_no=outer.__code__.co_firstlineno + 3
+                ),
+                # TODO: We should add the locations of the gathered Tasks here as they should be in the same Stack
+            ],
+        ),
+    )
+
+    try:
+        pprof_utils.assert_profile_has_sample(
+            profile,
+            samples,
+            expected_sample=pprof_utils.StackEvent(
+                thread_name="MainThread",
+                task_name="outer",  # TODO: This is a bug and we need to fix it, it should be "inner 1"
+                span_id=span_id,
+                local_root_span_id=local_root_span_id,
+                locations=[
+                    pprof_utils.StackLocation(
+                        function_name="inner2",
+                        filename="test_asyncio_gather.py",
+                        line_no=inner2.__code__.co_firstlineno + 3,
+                    ),
+                    pprof_utils.StackLocation(
+                        function_name="outer",
+                        filename="test_asyncio_gather.py",
+                        line_no=outer.__code__.co_firstlineno + 3,
+                    ),
+                ],
+            ),
+        )
+
+        pprof_utils.assert_profile_has_sample(
+            profile,
+            samples,
+            expected_sample=pprof_utils.StackEvent(
+                thread_name="MainThread",
+                task_name="inner 1",
+                span_id=span_id,
+                local_root_span_id=local_root_span_id,
+                locations=[
+                    pprof_utils.StackLocation(
+                        function_name="inner1",
+                        filename="test_asyncio_gather.py",
+                        line_no=inner1.__code__.co_firstlineno + 3,
+                    ),
+                    pprof_utils.StackLocation(
+                        function_name="outer",
+                        filename="test_asyncio_gather.py",
+                        line_no=outer.__code__.co_firstlineno + 3,
+                    ),
+                ],
+            ),
+        )
+    except AssertionError:
+        pprof_utils.assert_profile_has_sample(
+            profile,
+            samples,
+            expected_sample=pprof_utils.StackEvent(
+                thread_name="MainThread",
+                task_name="inner 2",  # TODO: This is a bug and we need to fix it, it should be "inner 1"
+                span_id=span_id,
+                local_root_span_id=local_root_span_id,
+                locations=[
+                    pprof_utils.StackLocation(
+                        function_name="inner2",
+                        filename="test_asyncio_gather.py",
+                        line_no=inner2.__code__.co_firstlineno + 3,
+                    ),
+                    pprof_utils.StackLocation(
+                        function_name="outer",
+                        filename="test_asyncio_gather.py",
+                        line_no=outer.__code__.co_firstlineno + 3,
+                    ),
+                ],
+            ),
+        )
+
+        pprof_utils.assert_profile_has_sample(
+            profile,
+            samples,
+            expected_sample=pprof_utils.StackEvent(
+                thread_name="MainThread",
+                task_name="outer",
+                span_id=span_id,
+                local_root_span_id=local_root_span_id,
+                locations=[
+                    pprof_utils.StackLocation(
+                        function_name="inner1",
+                        filename="test_asyncio_gather.py",
+                        line_no=inner1.__code__.co_firstlineno + 3,
+                    ),
+                    pprof_utils.StackLocation(
+                        function_name="outer",
+                        filename="test_asyncio_gather.py",
+                        line_no=outer.__code__.co_firstlineno + 3,
+                    ),
+                ],
+            ),
+        )
diff --git a/tests/profiling/collector/test_asyncio_wait.py b/tests/profiling/collector/test_asyncio_wait.py
new file mode 100644
index 00000000000..78f378e385f
--- /dev/null
+++ b/tests/profiling/collector/test_asyncio_wait.py
@@ -0,0 +1,184 @@
+import pytest
+
+
+@pytest.mark.subprocess(
+    env=dict(
+        DD_PROFILING_OUTPUT_PPROF="/tmp/test_asyncio_wait",
+    ),
+    err=None,
+)
+# For macOS: err=None ignores expected stderr from tracer failing to connect to agent (not relevant to this test)
+def test_asyncio_wait() -> None:
+    import asyncio
+    import os
+    import time
+    import uuid
+
+    from ddtrace import ext
+    from ddtrace.internal.datadog.profiling import stack_v2
+    from ddtrace.profiling import profiler
+    from ddtrace.trace import tracer
+    from tests.profiling.collector import pprof_utils
+
+    assert stack_v2.is_available, stack_v2.failure_msg
+
+    sleep_time = 0.2
+    loop_run_time = 3
+
+    async def inner1() -> None:
+        start_time = time.time()
+        while time.time() < start_time + loop_run_time:
+            await asyncio.sleep(sleep_time)
+
+    async def inner2() -> None:
+        start_time = time.time()
+        while time.time() < start_time + loop_run_time:
+            await asyncio.sleep(sleep_time)
+
+    async def outer() -> None:
+        t1 = asyncio.create_task(inner1(), name="inner 1")
+        t2 = asyncio.create_task(inner2(), name="inner 2")
+        await asyncio.wait(fs=(t1, t2), return_when=asyncio.ALL_COMPLETED)
+
+    resource = str(uuid.uuid4())
+    span_type = ext.SpanTypes.WEB
+
+    p = profiler.Profiler(tracer=tracer)
+    p.start()
+    with tracer.trace("test_asyncio", resource=resource, span_type=span_type) as span:
+        span_id = span.span_id
+        local_root_span_id = span._local_root.span_id
+
+        loop = asyncio.new_event_loop()
+        asyncio.set_event_loop(loop)
+        main_task = loop.create_task(outer(), name="outer")
+        loop.run_until_complete(main_task)
+
+    p.stop()
+
+    output_filename = os.environ["DD_PROFILING_OUTPUT_PPROF"] + "." + str(os.getpid())
+
+    profile = pprof_utils.parse_newest_profile(output_filename)
+
+    samples_with_span_id = pprof_utils.get_samples_with_label_key(profile, "span id")
+    assert len(samples_with_span_id) > 0
+
+    # get samples with task_name
+    samples = pprof_utils.get_samples_with_label_key(profile, "task name")
+    # The next fails if stack_v2 is not properly configured with asyncio task
+    # tracking via ddtrace.profiling._asyncio
+    assert len(samples) > 0
+
+    pprof_utils.assert_profile_has_sample(
+        profile,
+        samples,
+        expected_sample=pprof_utils.StackEvent(
+            thread_name="MainThread",
+            task_name="outer",
+            span_id=span_id,
+            local_root_span_id=local_root_span_id,
+            locations=[
+                pprof_utils.StackLocation(
+                    function_name="outer", filename="test_asyncio_wait.py", line_no=outer.__code__.co_firstlineno + 3
+                ),
+                # TODO: We should add the locations of the gathered Tasks here as they should be in the same Stack
+            ],
+        ),
+    )
+
+    # Note: there currently is a bug somewhere that makes one of the Tasks show up under the parent Task and the
+    # other Tasks be under their own Task name. We need to fix this.
+    # For the time being, though, which Task is "independent" is non-deterministic which means we must
+    # test both possibilities ("inner 2" is part of "outer" or "inner 1" is part of "outer").
+    try:
+        pprof_utils.assert_profile_has_sample(
+            profile,
+            samples,
+            expected_sample=pprof_utils.StackEvent(
+                thread_name="MainThread",
+                task_name="outer",  # TODO: This is a bug and we need to fix it, it should be "inner 1"
+                span_id=span_id,
+                local_root_span_id=local_root_span_id,
+                locations=[
+                    pprof_utils.StackLocation(
+                        function_name="inner1",
+                        filename="test_asyncio_wait.py",
+                        line_no=inner1.__code__.co_firstlineno + 3,
+                    ),
+                    pprof_utils.StackLocation(
+                        function_name="outer",
+                        filename="test_asyncio_wait.py",
+                        line_no=outer.__code__.co_firstlineno + 3,
+                    ),
+                ],
+            ),
+        )
+
+        pprof_utils.assert_profile_has_sample(
+            profile,
+            samples,
+            expected_sample=pprof_utils.StackEvent(
+                thread_name="MainThread",
+                task_name="inner 2",
+                span_id=span_id,
+                local_root_span_id=local_root_span_id,
+                locations=[
+                    pprof_utils.StackLocation(
+                        function_name="inner2",
+                        filename="test_asyncio_wait.py",
+                        line_no=inner2.__code__.co_firstlineno + 3,
+                    ),
+                    pprof_utils.StackLocation(
+                        function_name="outer",
+                        filename="test_asyncio_wait.py",
+                        line_no=outer.__code__.co_firstlineno + 3,
+                    ),
+                ],
+            ),
+        )
+    except AssertionError:
+        pprof_utils.assert_profile_has_sample(
+            profile,
+            samples,
+            expected_sample=pprof_utils.StackEvent(
+                thread_name="MainThread",
+                task_name="outer",  # TODO: This is a bug and we need to fix it, it should be "inner 1"
+                span_id=span_id,
+                local_root_span_id=local_root_span_id,
+                locations=[
+                    pprof_utils.StackLocation(
+                        function_name="inner2",
+                        filename="test_asyncio_wait.py",
+                        line_no=inner2.__code__.co_firstlineno + 3,
+                    ),
+                    pprof_utils.StackLocation(
+                        function_name="outer",
+                        filename="test_asyncio_wait.py",
+                        line_no=outer.__code__.co_firstlineno + 3,
+                    ),
+                ],
+            ),
+        )
+
+        pprof_utils.assert_profile_has_sample(
+            profile,
+            samples,
+            expected_sample=pprof_utils.StackEvent(
+                thread_name="MainThread",
+                task_name="inner 1",
+                span_id=span_id,
+                local_root_span_id=local_root_span_id,
+                locations=[
+                    pprof_utils.StackLocation(
+                        function_name="inner1",
+                        filename="test_asyncio_wait.py",
+                        line_no=inner1.__code__.co_firstlineno + 3,
+                    ),
+                    pprof_utils.StackLocation(
+                        function_name="outer",
+                        filename="test_asyncio_wait.py",
+                        line_no=outer.__code__.co_firstlineno + 3,
+                    ),
+                ],
+            ),
+        )