diff --git a/async.c b/async.c
index fd313df..3fe70b9 100644
--- a/async.c
+++ b/async.c
@@ -25,92 +25,8 @@
 #include "qemu-common.h"
 #include "qemu-aio.h"
 
-/*
- * An AsyncContext protects the callbacks of AIO requests and Bottom Halves
- * against interfering with each other. A typical example is qcow2 that accepts
- * asynchronous requests, but relies for manipulation of its metadata on
- * synchronous bdrv_read/write that doesn't trigger any callbacks.
- *
- * However, these functions are often emulated using AIO which means that AIO
- * callbacks must be run - but at the same time we must not run callbacks of
- * other requests as they might start to modify metadata and corrupt the
- * internal state of the caller of bdrv_read/write.
- *
- * To achieve the desired semantics we switch into a new AsyncContext.
- * Callbacks must only be run if they belong to the current AsyncContext.
- * Otherwise they need to be queued until their own context is active again.
- * This is how you can make qemu_aio_wait() wait only for your own callbacks.
- *
- * The AsyncContexts form a stack. When you leave a AsyncContexts, you always
- * return to the old ("parent") context.
- */
-struct AsyncContext {
-    /* Consecutive number of the AsyncContext (position in the stack) */
-    int id;
-
-    /* Anchor of the list of Bottom Halves belonging to the context */
-    struct QEMUBH *first_bh;
-
-    /* Link to parent context */
-    struct AsyncContext *parent;
-};
-
-/* The currently active AsyncContext */
-static struct AsyncContext *async_context = &(struct AsyncContext) { 0 };
-
-/*
- * Enter a new AsyncContext. Already scheduled Bottom Halves and AIO callbacks
- * won't be called until this context is left again.
- */
-void async_context_push(void)
-{
-    struct AsyncContext *new = qemu_mallocz(sizeof(*new));
-    new->parent = async_context;
-    new->id = async_context->id + 1;
-    async_context = new;
-}
-
-/* Run queued AIO completions and destroy Bottom Half */
-static void bh_run_aio_completions(void *opaque)
-{
-    QEMUBH **bh = opaque;
-    qemu_bh_delete(*bh);
-    qemu_free(bh);
-    qemu_aio_process_queue();
-}
-/*
- * Leave the currently active AsyncContext. All Bottom Halves belonging to the
- * old context are executed before changing the context.
- */
-void async_context_pop(void)
-{
-    struct AsyncContext *old = async_context;
-    QEMUBH **bh;
-
-    /* Flush the bottom halves, we don't want to lose them */
-    while (qemu_bh_poll());
-
-    /* Switch back to the parent context */
-    async_context = async_context->parent;
-    qemu_free(old);
-
-    if (async_context == NULL) {
-        abort();
-    }
-
-    /* Schedule BH to run any queued AIO completions as soon as possible */
-    bh = qemu_malloc(sizeof(*bh));
-    *bh = qemu_bh_new(bh_run_aio_completions, bh);
-    qemu_bh_schedule(*bh);
-}
-
-/*
- * Returns the ID of the currently active AsyncContext
- */
-int get_async_context_id(void)
-{
-    return async_context->id;
-}
+/* Anchor of the list of Bottom Halves belonging to the context */
+static struct QEMUBH *first_bh;
 
 /***********************************************************/
 /* bottom halves (can be seen as timers which expire ASAP) */
@@ -130,8 +46,8 @@ QEMUBH *qemu_bh_new(QEMUBHFunc *cb, void *opaque)
     bh = qemu_mallocz(sizeof(QEMUBH));
     bh->cb = cb;
     bh->opaque = opaque;
-    bh->next = async_context->first_bh;
-    async_context->first_bh = bh;
+    bh->next = first_bh;
+    first_bh = bh;
     return bh;
 }
 
@@ -141,7 +57,7 @@ int qemu_bh_poll(void)
     int ret;
 
     ret = 0;
-    for (bh = async_context->first_bh; bh; bh = next) {
+    for (bh = first_bh; bh; bh = next) {
         next = bh->next;
         if (!bh->deleted && bh->scheduled) {
             bh->scheduled = 0;
@@ -153,7 +69,7 @@ int qemu_bh_poll(void)
     }
 
     /* remove deleted bhs */
-    bhp = &async_context->first_bh;
+    bhp = &first_bh;
     while (*bhp) {
         bh = *bhp;
         if (bh->deleted) {
@@ -199,7 +115,7 @@ void qemu_bh_update_timeout(int *timeout)
 {
     QEMUBH *bh;
 
-    for (bh = async_context->first_bh; bh; bh = bh->next) {
+    for (bh = first_bh; bh; bh = bh->next) {
         if (!bh->deleted && bh->scheduled) {
             if (bh->idle) {
                 /* idle bottom halves will be polled at least
diff --git a/block.c b/block.c
index 2f589ac..39819e9 100644
--- a/block.c
+++ b/block.c
@@ -2789,8 +2789,6 @@ static int bdrv_read_em(BlockDriverState *bs, int64_t sector_num,
     struct iovec iov;
     QEMUIOVector qiov;
 
-    async_context_push();
-
     async_ret = NOT_DONE;
     iov.iov_base = (void *)buf;
     iov.iov_len = nb_sectors * BDRV_SECTOR_SIZE;
@@ -2808,7 +2806,6 @@ static int bdrv_read_em(BlockDriverState *bs, int64_t sector_num,
 
 
 fail:
-    async_context_pop();
     return async_ret;
 }
 
@@ -2820,8 +2817,6 @@ static int bdrv_write_em(BlockDriverState *bs, int64_t sector_num,
     struct iovec iov;
     QEMUIOVector qiov;
 
-    async_context_push();
-
     async_ret = NOT_DONE;
     iov.iov_base = (void *)buf;
     iov.iov_len = nb_sectors * BDRV_SECTOR_SIZE;
@@ -2837,7 +2832,6 @@ static int bdrv_write_em(BlockDriverState *bs, int64_t sector_num,
     }
 
 fail:
-    async_context_pop();
     return async_ret;
 }
 
diff --git a/block/qed-table.c b/block/qed-table.c
index d38c673..d96afa8 100644
--- a/block/qed-table.c
+++ b/block/qed-table.c
@@ -179,16 +179,12 @@ int qed_read_l1_table_sync(BDRVQEDState *s)
 {
     int ret = -EINPROGRESS;
 
-    async_context_push();
-
     qed_read_table(s, s->header.l1_table_offset,
                    s->l1_table, qed_sync_cb, &ret);
     while (ret == -EINPROGRESS) {
         qemu_aio_wait();
     }
 
-    async_context_pop();
-
     return ret;
 }
 
@@ -205,15 +201,11 @@ int qed_write_l1_table_sync(BDRVQEDState *s, unsigned int index,
 {
     int ret = -EINPROGRESS;
 
-    async_context_push();
-
     qed_write_l1_table(s, index, n, qed_sync_cb, &ret);
     while (ret == -EINPROGRESS) {
         qemu_aio_wait();
     }
 
-    async_context_pop();
-
     return ret;
 }
 
@@ -282,14 +274,11 @@ int qed_read_l2_table_sync(BDRVQEDState *s, QEDRequest *request, uint64_t offset
 {
     int ret = -EINPROGRESS;
 
-    async_context_push();
-
     qed_read_l2_table(s, request, offset, qed_sync_cb, &ret);
     while (ret == -EINPROGRESS) {
         qemu_aio_wait();
     }
 
-    async_context_pop();
     return ret;
 }
 
@@ -307,13 +296,10 @@ int qed_write_l2_table_sync(BDRVQEDState *s, QEDRequest *request,
 {
     int ret = -EINPROGRESS;
 
-    async_context_push();
-
     qed_write_l2_table(s, request, index, n, flush, qed_sync_cb, &ret);
     while (ret == -EINPROGRESS) {
         qemu_aio_wait();
     }
 
-    async_context_pop();
     return ret;
 }
diff --git a/block/qed.c b/block/qed.c
index 3970379..333f067 100644
--- a/block/qed.c
+++ b/block/qed.c
@@ -680,16 +680,12 @@ static int bdrv_qed_is_allocated(BlockDriverState *bs, int64_t sector_num,
     };
     QEDRequest request = { .l2_table = NULL };
 
-    async_context_push();
-
     qed_find_cluster(s, &request, pos, len, qed_is_allocated_cb, &cb);
 
     while (cb.is_allocated == -1) {
         qemu_aio_wait();
     }
 
-    async_context_pop();
-
     qed_unref_l2_cache_entry(request.l2_table);
 
     return cb.is_allocated;
diff --git a/linux-aio.c b/linux-aio.c
index 68f4b3d..dc3faf2 100644
--- a/linux-aio.c
+++ b/linux-aio.c
@@ -31,7 +31,6 @@ struct qemu_laiocb {
     struct iocb iocb;
     ssize_t ret;
     size_t nbytes;
-    int async_context_id;
     QLIST_ENTRY(qemu_laiocb) node;
 };
 
@@ -39,7 +38,6 @@ struct qemu_laio_state {
     io_context_t ctx;
     int efd;
     int count;
-    QLIST_HEAD(, qemu_laiocb) completed_reqs;
 };
 
 static inline ssize_t io_event_ret(struct io_event *ev)
@@ -49,7 +47,6 @@ static inline ssize_t io_event_ret(struct io_event *ev)
 
 /*
  * Completes an AIO request (calls the callback and frees the ACB).
- * Be sure to be in the right AsyncContext before calling this function.
  */
 static void qemu_laio_process_completion(struct qemu_laio_state *s,
     struct qemu_laiocb *laiocb)
@@ -72,42 +69,12 @@ static void qemu_laio_process_completion(struct qemu_laio_state *s,
 }
 
 /*
- * Processes all queued AIO requests, i.e. requests that have return from OS
- * but their callback was not called yet. Requests that cannot have their
- * callback called in the current AsyncContext, remain in the queue.
- *
- * Returns 1 if at least one request could be completed, 0 otherwise.
+ * All requests are directly processed when they complete, so there's nothing
+ * left to do during qemu_aio_wait().
  */
 static int qemu_laio_process_requests(void *opaque)
 {
-    struct qemu_laio_state *s = opaque;
-    struct qemu_laiocb *laiocb, *next;
-    int res = 0;
-
-    QLIST_FOREACH_SAFE (laiocb, &s->completed_reqs, node, next) {
-        if (laiocb->async_context_id == get_async_context_id()) {
-            qemu_laio_process_completion(s, laiocb);
-            QLIST_REMOVE(laiocb, node);
-            res = 1;
-        }
-    }
-
-    return res;
-}
-
-/*
- * Puts a request in the completion queue so that its callback is called the
- * next time when it's possible. If we already are in the right AsyncContext,
- * the request is completed immediately instead.
- */
-static void qemu_laio_enqueue_completed(struct qemu_laio_state *s,
-    struct qemu_laiocb* laiocb)
-{
-    if (laiocb->async_context_id == get_async_context_id()) {
-        qemu_laio_process_completion(s, laiocb);
-    } else {
-        QLIST_INSERT_HEAD(&s->completed_reqs, laiocb, node);
-    }
+    return 0;
 }
 
 static void qemu_laio_completion_cb(void *opaque)
@@ -141,7 +108,7 @@ static void qemu_laio_completion_cb(void *opaque)
                     container_of(iocb, struct qemu_laiocb, iocb);
 
             laiocb->ret = io_event_ret(&events[i]);
-            qemu_laio_enqueue_completed(s, laiocb);
+            qemu_laio_process_completion(s, laiocb);
         }
     }
 }
@@ -204,7 +171,6 @@ BlockDriverAIOCB *laio_submit(BlockDriverState *bs, void *aio_ctx, int fd,
     laiocb->nbytes = nb_sectors * 512;
     laiocb->ctx = s;
     laiocb->ret = -EINPROGRESS;
-    laiocb->async_context_id = get_async_context_id();
 
     iocbs = &laiocb->iocb;
 
@@ -239,7 +205,6 @@ void *laio_init(void)
     struct qemu_laio_state *s;
 
     s = qemu_mallocz(sizeof(*s));
-    QLIST_INIT(&s->completed_reqs);
     s->efd = eventfd(0, 0);
     if (s->efd == -1)
         goto out_free_state;
diff --git a/posix-aio-compat.c b/posix-aio-compat.c
index c4116e3..788d113 100644
--- a/posix-aio-compat.c
+++ b/posix-aio-compat.c
@@ -49,8 +49,6 @@ struct qemu_paiocb {
     ssize_t ret;
     int active;
     struct qemu_paiocb *next;
-
-    int async_context_id;
 };
 
 typedef struct PosixAioState {
@@ -420,7 +418,6 @@ static int posix_aio_process_queue(void *opaque)
     struct qemu_paiocb *acb, **pacb;
     int ret;
     int result = 0;
-    int async_context_id = get_async_context_id();
 
     for(;;) {
         pacb = &s->first_aio;
@@ -429,12 +426,6 @@ static int posix_aio_process_queue(void *opaque)
             if (!acb)
                 return result;
 
-            /* we're only interested in requests in the right context */
-            if (acb->async_context_id != async_context_id) {
-                pacb = &acb->next;
-                continue;
-            }
-
             ret = qemu_paio_error(acb);
             if (ret == ECANCELED) {
                 /* remove the request */
@@ -575,7 +566,6 @@ BlockDriverAIOCB *paio_submit(BlockDriverState *bs, int fd,
     acb->aio_type = type;
     acb->aio_fildes = fd;
     acb->ev_signo = SIGUSR2;
-    acb->async_context_id = get_async_context_id();
 
     if (qiov) {
         acb->aio_iov = qiov->iov;
@@ -604,7 +594,6 @@ BlockDriverAIOCB *paio_ioctl(BlockDriverState *bs, int fd,
     acb->aio_type = QEMU_AIO_IOCTL;
     acb->aio_fildes = fd;
     acb->ev_signo = SIGUSR2;
-    acb->async_context_id = get_async_context_id();
     acb->aio_offset = 0;
     acb->aio_ioctl_buf = buf;
     acb->aio_ioctl_cmd = req;
diff --git a/qemu-common.h b/qemu-common.h
index ba55719..97a80e4 100644
--- a/qemu-common.h
+++ b/qemu-common.h
@@ -111,10 +111,6 @@ int qemu_main(int argc, char **argv, char **envp);
 /* bottom halves */
 typedef void QEMUBHFunc(void *opaque);
 
-void async_context_push(void);
-void async_context_pop(void);
-int get_async_context_id(void);
-
 QEMUBH *qemu_bh_new(QEMUBHFunc *cb, void *opaque);
 void qemu_bh_schedule(QEMUBH *bh);
 /* Bottom halfs that are scheduled from a bottom half handler are instantly
