diff --git a/packages/core/interceptors/interceptors-consumer.ts b/packages/core/interceptors/interceptors-consumer.ts
index bcf3a592184..22f6d096e80 100644
--- a/packages/core/interceptors/interceptors-consumer.ts
+++ b/packages/core/interceptors/interceptors-consumer.ts
@@ -24,19 +24,16 @@ export class InterceptorsConsumer {
     const context = this.createContext(args, instance, callback);
     context.setType<TContext>(type);
 
-    const start$ = defer(() => this.transformDeferred(next));
-    const nextFn =
-      (i = 0) =>
-      async () => {
-        if (i >= interceptors.length) {
-          return start$;
-        }
-        const handler: CallHandler = {
-          handle: () => fromPromise(nextFn(i + 1)()).pipe(mergeAll()),
-        };
-        return interceptors[i].intercept(context, handler);
+    const nextFn = async (i = 0) => {
+      if (i >= interceptors.length) {
+        return this.transformDeferred(next);
+      }
+      const handler: CallHandler = {
+        handle: () => fromPromise(nextFn(i + 1)).pipe(mergeAll()),
       };
-    return nextFn()();
+      return interceptors[i].intercept(context, handler);
+    };
+    return defer(() => nextFn()).pipe(mergeAll());
   }
 
   public createContext(
diff --git a/packages/core/test/interceptors/interceptors-consumer.spec.ts b/packages/core/test/interceptors/interceptors-consumer.spec.ts
index d2efbcaf41e..d16c4a6af7b 100644
--- a/packages/core/test/interceptors/interceptors-consumer.spec.ts
+++ b/packages/core/test/interceptors/interceptors-consumer.spec.ts
@@ -1,5 +1,7 @@
+import { CallHandler, ExecutionContext, NestInterceptor } from '@nestjs/common';
+import { AsyncLocalStorage } from 'async_hooks';
 import { expect } from 'chai';
-import { lastValueFrom, of } from 'rxjs';
+import { lastValueFrom, Observable, of } from 'rxjs';
 import * as sinon from 'sinon';
 import { InterceptorsConsumer } from '../../interceptors/interceptors-consumer';
 
@@ -35,7 +37,7 @@ describe('InterceptorsConsumer', () => {
       beforeEach(() => {
         next = sinon.stub().returns(Promise.resolve(''));
       });
-      it('should call every `intercept` method', async () => {
+      it('does not call `intercept` (lazy evaluation)', async () => {
         await consumer.intercept(
           interceptors,
           null,
@@ -44,6 +46,19 @@ describe('InterceptorsConsumer', () => {
           next,
         );
 
+        expect(interceptors[0].intercept.called).to.be.false;
+        expect(interceptors[1].intercept.called).to.be.false;
+      });
+      it('should call every `intercept` method when subscribe', async () => {
+        const intercepted = await consumer.intercept(
+          interceptors,
+          null,
+          { constructor: null },
+          null,
+          next,
+        );
+        await transformToResult(intercepted);
+
         expect(interceptors[0].intercept.calledOnce).to.be.true;
         expect(interceptors[1].intercept.calledOnce).to.be.true;
       });
@@ -58,15 +73,6 @@ describe('InterceptorsConsumer', () => {
         expect(next.called).to.be.false;
       });
       it('should call `next` when subscribe', async () => {
-        async function transformToResult(resultOrDeferred: any) {
-          if (
-            resultOrDeferred &&
-            typeof resultOrDeferred.subscribe === 'function'
-          ) {
-            return lastValueFrom(resultOrDeferred);
-          }
-          return resultOrDeferred;
-        }
         const intercepted = await consumer.intercept(
           interceptors,
           null,
@@ -78,6 +84,30 @@ describe('InterceptorsConsumer', () => {
         expect(next.called).to.be.true;
       });
     });
+
+    describe('AsyncLocalStorage', () => {
+      it('Allows an interceptor to set values in AsyncLocalStorage that are accesible from the controller', async () => {
+        const storage = new AsyncLocalStorage<Record<string, any>>({});
+        class StorageInterceptor implements NestInterceptor {
+          intercept(
+            _context: ExecutionContext,
+            next: CallHandler<any>,
+          ): Observable<any> | Promise<Observable<any>> {
+            return storage.run({ value: 'hello' }, () => next.handle());
+          }
+        }
+        const next = () => Promise.resolve(storage.getStore().value);
+        const intercepted = await consumer.intercept(
+          [new StorageInterceptor()],
+          null,
+          { constructor: null },
+          null,
+          next,
+        );
+        const result = await transformToResult(intercepted);
+        expect(result).to.equal('hello');
+      });
+    });
   });
   describe('createContext', () => {
     it('should return execution context object', () => {
@@ -119,3 +149,13 @@ describe('InterceptorsConsumer', () => {
     });
   });
 });
+
+async function transformToResult(resultOrDeferred: any) {
+  console.log('RESULT_OR_DEFERRED', resultOrDeferred);
+  if (resultOrDeferred && typeof resultOrDeferred.subscribe === 'function') {
+    const result = await lastValueFrom(resultOrDeferred);
+    console.log('RESULT_OR_DEFERRED', result);
+    return result;
+  }
+  return resultOrDeferred;
+}