diff --git a/crates/rspack_core/src/context_module.rs b/crates/rspack_core/src/context_module.rs
index 68cf9628e759..350a6224564a 100644
--- a/crates/rspack_core/src/context_module.rs
+++ b/crates/rspack_core/src/context_module.rs
@@ -2,6 +2,7 @@ use std::{borrow::Cow, hash::Hash, sync::Arc};
 
 use cow_utils::CowUtils;
 use derive_more::Debug;
+use futures::future::BoxFuture;
 use indoc::formatdoc;
 use itertools::Itertools;
 use rspack_cacheable::{
@@ -160,8 +161,11 @@ pub enum FakeMapValue {
   Map(HashMap<String, FakeNamespaceObjectMode>),
 }
 
-pub type ResolveContextModuleDependencies =
-  Arc<dyn Fn(ContextModuleOptions) -> Result<Vec<ContextElementDependency>> + Send + Sync>;
+pub type ResolveContextModuleDependencies = Arc<
+  dyn Fn(ContextModuleOptions) -> BoxFuture<'static, Result<Vec<ContextElementDependency>>>
+    + Send
+    + Sync,
+>;
 
 #[impl_source_map_config]
 #[cacheable]
@@ -958,7 +962,7 @@ impl Module for ContextModule {
     _: Option<&Compilation>,
   ) -> Result<BuildResult> {
     let resolve_dependencies = &self.resolve_dependencies;
-    let context_element_dependencies = resolve_dependencies(self.options.clone())?;
+    let context_element_dependencies = resolve_dependencies(self.options.clone()).await?;
 
     let mut dependencies: Vec<BoxDependency> = vec![];
     let mut blocks = vec![];
diff --git a/crates/rspack_core/src/context_module_factory.rs b/crates/rspack_core/src/context_module_factory.rs
index 37dc94d91619..0500e13b1280 100644
--- a/crates/rspack_core/src/context_module_factory.rs
+++ b/crates/rspack_core/src/context_module_factory.rs
@@ -1,5 +1,6 @@
 use std::{borrow::Cow, sync::Arc};
 
+use async_recursion::async_recursion;
 use cow_utils::CowUtils;
 use derive_more::Debug;
 use rspack_error::{Result, ToStringResultToRspackResultExt, error};
@@ -122,34 +123,36 @@ impl ContextModuleFactory {
     plugin_driver: SharedPluginDriver,
   ) -> Self {
     let resolve_dependencies: ResolveContextModuleDependencies = Arc::new(move |options| {
-      tracing::trace!("resolving context module path {}", options.resource);
+      let resolver_factory = resolver_factory.clone();
+      Box::pin(async move {
+        tracing::trace!("resolving context module path {}", options.resource);
+        let resolver = &resolver_factory.get(ResolveOptionsWithDependencyType {
+          resolve_options: options
+            .resolve_options
+            .clone()
+            .map(|r| Box::new(Arc::unwrap_or_clone(r))),
+          resolve_to_context: false,
+          dependency_category: options.context_options.category,
+        });
+        let mut context_element_dependencies = vec![];
+        visit_dirs(
+          options.resource.as_str(),
+          &options.resource,
+          &mut context_element_dependencies,
+          &options,
+          &resolver.options(),
+          resolver.inner_fs(),
+        )
+        .await?;
+        context_element_dependencies.sort_by_cached_key(|d| d.user_request.clone());
 
-      let resolver = &resolver_factory.get(ResolveOptionsWithDependencyType {
-        resolve_options: options
-          .resolve_options
-          .clone()
-          .map(|r| Box::new(Arc::unwrap_or_clone(r))),
-        resolve_to_context: false,
-        dependency_category: options.context_options.category,
-      });
-
-      let mut context_element_dependencies = vec![];
-      visit_dirs(
-        options.resource.as_str(),
-        &options.resource,
-        &mut context_element_dependencies,
-        &options,
-        &resolver.options(),
-        resolver.inner_fs(),
-      )?;
-      context_element_dependencies.sort_by_cached_key(|d| d.user_request.clone());
-
-      tracing::trace!(
-        "resolving dependencies for {:?}",
-        context_element_dependencies
-      );
+        tracing::trace!(
+          "resolving dependencies for {:?}",
+          context_element_dependencies
+        );
 
-      Ok(context_element_dependencies)
+        Ok(context_element_dependencies)
+      })
     });
 
     Self {
@@ -400,7 +403,8 @@ impl ContextModuleFactory {
   }
 }
 
-fn visit_dirs(
+#[async_recursion]
+async fn visit_dirs(
   ctx: &str,
   dir: &Utf8Path,
   dependencies: &mut Vec<ContextElementDependency>,
@@ -409,7 +413,8 @@ fn visit_dirs(
   fs: Arc<dyn ReadableFileSystem>,
 ) -> Result<()> {
   if !fs
-    .metadata_sync(dir)
+    .metadata(dir)
+    .await
     .map(|m| m.is_directory)
     .unwrap_or(false)
   {
@@ -417,7 +422,7 @@ fn visit_dirs(
   }
   let include = &options.context_options.include;
   let exclude = &options.context_options.exclude;
-  for filename in fs.read_dir_sync(dir)? {
+  for filename in fs.read_dir(dir).await? {
     let path = dir.join(&filename);
     let path_str = path.as_str();
 
@@ -429,7 +434,8 @@ fn visit_dirs(
     }
 
     if fs
-      .metadata_sync(&path)
+      .metadata(&path)
+      .await
       .map(|m| m.is_directory)
       .unwrap_or(false)
     {
@@ -441,7 +447,8 @@ fn visit_dirs(
           options,
           resolve_options,
           fs.clone(),
-        )?;
+        )
+        .await?;
       }
     } else if filename.starts_with('.') {
       // ignore hidden files
diff --git a/crates/rspack_plugin_module_replacement/src/context_replacement.rs b/crates/rspack_plugin_module_replacement/src/context_replacement.rs
index 754903f6f6a0..f4816416c76b 100644
--- a/crates/rspack_plugin_module_replacement/src/context_replacement.rs
+++ b/crates/rspack_plugin_module_replacement/src/context_replacement.rs
@@ -2,8 +2,8 @@ use std::sync::Arc;
 
 use rspack_core::{
   AfterResolveResult, BeforeResolveResult, ContextElementDependency,
-  ContextModuleFactoryAfterResolve, ContextModuleFactoryBeforeResolve, DependencyId,
-  DependencyType, Plugin,
+  ContextModuleFactoryAfterResolve, ContextModuleFactoryBeforeResolve, ContextModuleOptions,
+  DependencyId, DependencyType, Plugin,
 };
 use rspack_error::Result;
 use rspack_hook::{plugin, plugin_hook};
@@ -88,40 +88,43 @@ async fn cmf_after_resolve(&self, mut result: AfterResolveResult) -> Result<Afte
       data.reg_exp = Some(new_content_reg_exp.clone());
     }
     if let Some(new_content_create_context_map) = &self.new_content_create_context_map {
-      let new_content_create_context_map = new_content_create_context_map.clone();
-      data.resolve_dependencies = Arc::new(move |options| {
-        let deps = new_content_create_context_map
-          .iter()
-          .map(|(key, value)| {
-            let request = format!(
-              "{}{}{}",
-              value,
-              options.resource_query.clone(),
-              options.resource_fragment.clone(),
-            );
+      let new_content_create_context_map = Arc::new(new_content_create_context_map.clone());
+      data.resolve_dependencies = Arc::new(move |options: ContextModuleOptions| {
+        let new_content_create_context_map = new_content_create_context_map.clone();
+        Box::pin(async move {
+          let deps = new_content_create_context_map
+            .iter()
+            .map(|(key, value)| {
+              let request = format!(
+                "{}{}{}",
+                value,
+                options.resource_query.clone(),
+                options.resource_fragment.clone(),
+              );
 
-            let resource_identifier = ContextElementDependency::create_resource_identifier(
-              options.resource.as_str(),
-              &request,
-              options.context_options.attributes.as_ref(),
-            );
-            ContextElementDependency {
-              id: DependencyId::new(),
-              request,
-              user_request: key.to_string(),
-              category: options.context_options.category,
-              context: options.resource.clone().into(),
-              layer: options.layer.clone(),
-              options: options.context_options.clone(),
-              resource_identifier,
-              attributes: options.context_options.attributes.clone(),
-              referenced_exports: options.context_options.referenced_exports.clone(),
-              dependency_type: DependencyType::ContextElement(options.type_prefix),
-              factorize_info: Default::default(),
-            }
-          })
-          .collect::<Vec<_>>();
-        Ok(deps)
+              let resource_identifier = ContextElementDependency::create_resource_identifier(
+                options.resource.as_str(),
+                &request,
+                options.context_options.attributes.as_ref(),
+              );
+              ContextElementDependency {
+                id: DependencyId::new(),
+                request,
+                user_request: key.to_string(),
+                category: options.context_options.category,
+                context: options.resource.clone().into(),
+                layer: options.layer.clone(),
+                options: options.context_options.clone(),
+                resource_identifier,
+                attributes: options.context_options.attributes.clone(),
+                referenced_exports: options.context_options.referenced_exports.clone(),
+                dependency_type: DependencyType::ContextElement(options.type_prefix),
+                factorize_info: Default::default(),
+              }
+            })
+            .collect::<Vec<_>>();
+          Ok(deps)
+        })
       });
     }
     // if let Some(new_content_callback) = &self.new_content_callback {