diff --git a/rpcs3/Emu/Cell/PPUModule.cpp b/rpcs3/Emu/Cell/PPUModule.cpp
index 6dbbf6c195c5..f311763a4205 100644
--- a/rpcs3/Emu/Cell/PPUModule.cpp
+++ b/rpcs3/Emu/Cell/PPUModule.cpp
@@ -2682,8 +2682,16 @@ std::pair<std::shared_ptr<lv2_overlay>, CellError> ppu_load_overlay(const ppu_ex
 
 	ovlm->entry = static_cast<u32>(elf.header.e_entry);
 
+	const auto cpu = cpu_thread::get_current();
+
 	// Analyse executable (TODO)
-	ovlm->analyse(0, ovlm->entry, end, applied);
+	if (!ovlm->analyse(0, ovlm->entry, end, applied, !cpu ? std::function<bool()>() : [cpu, is_being_used_in_emulation = (vm::base(ovlm->segs[0].addr) == ovlm->segs[0].ptr)]()
+	{
+		return is_being_used_in_emulation && cpu->state & cpu_flag::exit;
+	}))
+	{
+		return {nullptr, CellError{CELL_CANCEL + 0u}};
+	}
 
 	// Validate analyser results (not required)
 	ovlm->validate(0);
diff --git a/rpcs3/Emu/Cell/PPUThread.cpp b/rpcs3/Emu/Cell/PPUThread.cpp
index c25a765dc268..b86cde77b9ef 100644
--- a/rpcs3/Emu/Cell/PPUThread.cpp
+++ b/rpcs3/Emu/Cell/PPUThread.cpp
@@ -3479,6 +3479,12 @@ extern void ppu_precompile(std::vector<std::string>& dir_queue, std::vector<ppu_
 
 					if (error)
 					{
+						if (error == CELL_CANCEL + 0u)
+						{
+							// Emulation stopped
+							break;
+						}
+
 						// Abort
 						ovl_err = elf_error::header_type;
 						break;
diff --git a/rpcs3/Emu/Cell/lv2/sys_overlay.cpp b/rpcs3/Emu/Cell/lv2/sys_overlay.cpp
index e9b321ce3a9e..2cfb7b2b55b8 100644
--- a/rpcs3/Emu/Cell/lv2/sys_overlay.cpp
+++ b/rpcs3/Emu/Cell/lv2/sys_overlay.cpp
@@ -49,6 +49,12 @@ static error_code overlay_load_module(vm::ptr<u32> ovlmid, const std::string& vp
 
 	if (error)
 	{
+		if (error == CELL_CANCEL + 0u)
+		{
+			// Emulation stopped
+			return {};
+		}
+
 		return error;
 	}