diff --git a/hw/vfio/migration.c b/hw/vfio/migration.c
index bcdf204d5cf4..0c0caec1bd64 100644
--- a/hw/vfio/migration.c
+++ b/hw/vfio/migration.c
@@ -301,6 +301,12 @@ typedef struct VFIOStateBuffer {
 } VFIOStateBuffer;
 
 typedef struct VFIOMultifd {
+    VFIOStateBuffers load_bufs;
+    QemuCond load_bufs_buffer_ready_cond;
+    QemuMutex load_bufs_mutex; /* Lock order: this lock -> BQL */
+    uint32_t load_buf_idx;
+    uint32_t load_buf_idx_last;
+    uint32_t load_buf_queued_pending_buffers;
 } VFIOMultifd;
 
 static void vfio_state_buffer_clear(gpointer data)
@@ -346,6 +352,103 @@ static VFIOStateBuffer *vfio_state_buffers_at(VFIOStateBuffers *bufs, guint idx)
     return &g_array_index(bufs->array, VFIOStateBuffer, idx);
 }
 
+static bool vfio_load_state_buffer_insert(VFIODevice *vbasedev,
+                                          VFIODeviceStatePacket *packet,
+                                          size_t packet_total_size,
+                                          Error **errp)
+{
+    VFIOMigration *migration = vbasedev->migration;
+    VFIOMultifd *multifd = migration->multifd;
+    VFIOStateBuffer *lb;
+
+    vfio_state_buffers_assert_init(&multifd->load_bufs);
+    if (packet->idx >= vfio_state_buffers_size_get(&multifd->load_bufs)) {
+        vfio_state_buffers_size_set(&multifd->load_bufs, packet->idx + 1);
+    }
+
+    lb = vfio_state_buffers_at(&multifd->load_bufs, packet->idx);
+    if (lb->is_present) {
+        error_setg(errp, "state buffer %" PRIu32 " already filled",
+                   packet->idx);
+        return false;
+    }
+
+    assert(packet->idx >= multifd->load_buf_idx);
+
+    multifd->load_buf_queued_pending_buffers++;
+    if (multifd->load_buf_queued_pending_buffers >
+        vbasedev->migration_max_queued_buffers) {
+        error_setg(errp,
+                   "queuing state buffer %" PRIu32 " would exceed the max of %" PRIu64,
+                   packet->idx, vbasedev->migration_max_queued_buffers);
+        return false;
+    }
+
+    lb->data = g_memdup2(&packet->data, packet_total_size - sizeof(*packet));
+    lb->len = packet_total_size - sizeof(*packet);
+    lb->is_present = true;
+
+    return true;
+}
+
+static bool vfio_load_state_buffer(void *opaque, char *data, size_t data_size,
+                                   Error **errp)
+{
+    VFIODevice *vbasedev = opaque;
+    VFIOMigration *migration = vbasedev->migration;
+    VFIOMultifd *multifd = migration->multifd;
+    VFIODeviceStatePacket *packet = (VFIODeviceStatePacket *)data;
+
+    /*
+     * Holding BQL here would violate the lock order and can cause
+     * a deadlock once we attempt to lock load_bufs_mutex below.
+     */
+    assert(!bql_locked());
+
+    if (!migration->multifd_transfer) {
+        error_setg(errp,
+                   "got device state packet but not doing multifd transfer");
+        return false;
+    }
+
+    assert(multifd);
+
+    if (data_size < sizeof(*packet)) {
+        error_setg(errp, "packet too short at %zu (min is %zu)",
+                   data_size, sizeof(*packet));
+        return false;
+    }
+
+    if (packet->version != 0) {
+        error_setg(errp, "packet has unknown version %" PRIu32,
+                   packet->version);
+        return false;
+    }
+
+    if (packet->idx == UINT32_MAX) {
+        error_setg(errp, "packet has too high idx %" PRIu32,
+                   packet->idx);
+        return false;
+    }
+
+    trace_vfio_load_state_device_buffer_incoming(vbasedev->name, packet->idx);
+
+    QEMU_LOCK_GUARD(&multifd->load_bufs_mutex);
+
+    /* config state packet should be the last one in the stream */
+    if (packet->flags & VFIO_DEVICE_STATE_CONFIG_STATE) {
+        multifd->load_buf_idx_last = packet->idx;
+    }
+
+    if (!vfio_load_state_buffer_insert(vbasedev, packet, data_size, errp)) {
+        return false;
+    }
+
+    qemu_cond_signal(&multifd->load_bufs_buffer_ready_cond);
+
+    return true;
+}
+
 static int vfio_save_device_config_state(QEMUFile *f, void *opaque,
                                          Error **errp)
 {
@@ -405,11 +508,23 @@ static VFIOMultifd *vfio_multifd_new(void)
 {
     VFIOMultifd *multifd = g_new(VFIOMultifd, 1);
 
+    vfio_state_buffers_init(&multifd->load_bufs);
+
+    qemu_mutex_init(&multifd->load_bufs_mutex);
+
+    multifd->load_buf_idx = 0;
+    multifd->load_buf_idx_last = UINT32_MAX;
+    multifd->load_buf_queued_pending_buffers = 0;
+    qemu_cond_init(&multifd->load_bufs_buffer_ready_cond);
+
     return multifd;
 }
 
 static void vfio_multifd_free(VFIOMultifd *multifd)
 {
+    qemu_cond_destroy(&multifd->load_bufs_buffer_ready_cond);
+    qemu_mutex_destroy(&multifd->load_bufs_mutex);
+
     g_free(multifd);
 }
 
@@ -940,6 +1055,7 @@ static const SaveVMHandlers savevm_vfio_handlers = {
     .load_setup = vfio_load_setup,
     .load_cleanup = vfio_load_cleanup,
     .load_state = vfio_load_state,
+    .load_state_buffer = vfio_load_state_buffer,
     .switchover_ack_needed = vfio_switchover_ack_needed,
 };
 
diff --git a/hw/vfio/pci.c b/hw/vfio/pci.c
index 83090c544d95..2700b355ecf1 100644
--- a/hw/vfio/pci.c
+++ b/hw/vfio/pci.c
@@ -3380,6 +3380,8 @@ static const Property vfio_pci_dev_properties[] = {
     DEFINE_PROP_ON_OFF_AUTO("x-migration-load-config-after-iter", VFIOPCIDevice,
                             vbasedev.migration_load_config_after_iter,
                             ON_OFF_AUTO_AUTO),
+    DEFINE_PROP_UINT64("x-migration-max-queued-buffers", VFIOPCIDevice,
+                       vbasedev.migration_max_queued_buffers, UINT64_MAX),
     DEFINE_PROP_BOOL("migration-events", VFIOPCIDevice,
                      vbasedev.migration_events, false),
     DEFINE_PROP_BOOL("x-no-mmap", VFIOPCIDevice, vbasedev.no_mmap, false),
diff --git a/hw/vfio/trace-events b/hw/vfio/trace-events
index 1bebe9877d88..042a3dc54a33 100644
--- a/hw/vfio/trace-events
+++ b/hw/vfio/trace-events
@@ -153,6 +153,7 @@ vfio_load_device_config_state_start(const char *name) " (%s)"
 vfio_load_device_config_state_end(const char *name) " (%s)"
 vfio_load_state(const char *name, uint64_t data) " (%s) data 0x%"PRIx64
 vfio_load_state_device_data(const char *name, uint64_t data_size, int ret) " (%s) size %"PRIu64" ret %d"
+vfio_load_state_device_buffer_incoming(const char *name, uint32_t idx) " (%s) idx %"PRIu32
 vfio_migration_realize(const char *name) " (%s)"
 vfio_migration_set_device_state(const char *name, const char *state) " (%s) state %s"
 vfio_migration_set_state(const char *name, const char *new_state, const char *recover_state) " (%s) new state %s, recover state %s"
diff --git a/include/hw/vfio/vfio-common.h b/include/hw/vfio/vfio-common.h
index c0c9c0b1b263..0e8b0848882e 100644
--- a/include/hw/vfio/vfio-common.h
+++ b/include/hw/vfio/vfio-common.h
@@ -139,6 +139,7 @@ typedef struct VFIODevice {
     OnOffAuto enable_migration;
     OnOffAuto migration_multifd_transfer;
     OnOffAuto migration_load_config_after_iter;
+    uint64_t migration_max_queued_buffers;
     bool migration_events;
     VFIODeviceOps *ops;
     unsigned int num_irqs;
