diff --git a/Documentation/admin-guide/xfs.rst b/Documentation/admin-guide/xfs.rst
index 6178153d3320..5422407a96d7 100644
--- a/Documentation/admin-guide/xfs.rst
+++ b/Documentation/admin-guide/xfs.rst
@@ -284,6 +284,9 @@ The following sysctls are available for the XFS filesystem:
 	removes unused preallocation from clean inodes and releases
 	the unused space back to the free pool.
 
+  fs.xfs.speculative_cow_prealloc_lifetime
+	This is an alias for speculative_prealloc_lifetime.
+
   fs.xfs.error_level		(Min: 0  Default: 3  Max: 11)
 	A volume knob for error reporting when internal errors occur.
 	This will generate detailed messages & backtraces for filesystem
@@ -356,12 +359,13 @@ The following sysctls are available for the XFS filesystem:
 Deprecated Sysctls
 ==================
 
-===========================     ================
-  Name				Removal Schedule
-===========================     ================
-fs.xfs.irix_sgid_inherit        September 2025
-fs.xfs.irix_symlink_mode        September 2025
-===========================     ================
+===========================================     ================
+  Name                                          Removal Schedule
+===========================================     ================
+fs.xfs.irix_sgid_inherit                        September 2025
+fs.xfs.irix_symlink_mode                        September 2025
+fs.xfs.speculative_cow_prealloc_lifetime        September 2025
+===========================================     ================
 
 
 Removed Sysctls
diff --git a/fs/iomap/buffered-io.c b/fs/iomap/buffered-io.c
index 0d9d1a6a947e..7ffcd7ef33d4 100644
--- a/fs/iomap/buffered-io.c
+++ b/fs/iomap/buffered-io.c
@@ -1458,13 +1458,6 @@ iomap_do_writepage(struct page *page, struct writeback_control *wbc, void *data)
 			PF_MEMALLOC))
 		goto redirty;
 
-	/*
-	 * Given that we do not allow direct reclaim to call us, we should
-	 * never be called in a recursive filesystem reclaim context.
-	 */
-	if (WARN_ON_ONCE(current->flags & PF_MEMALLOC_NOFS))
-		goto redirty;
-
 	/*
 	 * Is this page beyond the end of the file?
 	 *
diff --git a/fs/xfs/libxfs/xfs_btree.c b/fs/xfs/libxfs/xfs_btree.c
index b56ff451adce..5b6fcb9b44e2 100644
--- a/fs/xfs/libxfs/xfs_btree.c
+++ b/fs/xfs/libxfs/xfs_btree.c
@@ -2805,7 +2805,7 @@ xfs_btree_split_worker(
 	struct xfs_btree_split_args	*args = container_of(work,
 						struct xfs_btree_split_args, work);
 	unsigned long		pflags;
-	unsigned long		new_pflags = PF_MEMALLOC_NOFS;
+	unsigned long		new_pflags = 0;
 
 	/*
 	 * we are in a transaction context here, but may also be doing work
@@ -2817,12 +2817,20 @@ xfs_btree_split_worker(
 		new_pflags |= PF_MEMALLOC | PF_SWAPWRITE | PF_KSWAPD;
 
 	current_set_flags_nested(&pflags, new_pflags);
+	xfs_trans_set_context(args->cur->bc_tp);
 
 	args->result = __xfs_btree_split(args->cur, args->level, args->ptrp,
 					 args->key, args->curp, args->stat);
+
+	xfs_trans_clear_context(args->cur->bc_tp);
+	current_restore_flags_nested(&pflags, new_pflags);
+
+	/*
+	 * Do not access args after complete() has run here. We don't own args
+	 * and the owner may run and free args before we return here.
+	 */
 	complete(args->done);
 
-	current_restore_flags_nested(&pflags, new_pflags);
 }
 
 /*
diff --git a/fs/xfs/xfs_aops.c b/fs/xfs/xfs_aops.c
index 4304c6416fbb..b4186d666157 100644
--- a/fs/xfs/xfs_aops.c
+++ b/fs/xfs/xfs_aops.c
@@ -62,7 +62,7 @@ xfs_setfilesize_trans_alloc(
 	 * We hand off the transaction to the completion thread now, so
 	 * clear the flag here.
 	 */
-	current_restore_flags_nested(&tp->t_pflags, PF_MEMALLOC_NOFS);
+	xfs_trans_clear_context(tp);
 	return 0;
 }
 
@@ -125,7 +125,7 @@ xfs_setfilesize_ioend(
 	 * thus we need to mark ourselves as being in a transaction manually.
 	 * Similarly for freeze protection.
 	 */
-	current_set_flags_nested(&tp->t_pflags, PF_MEMALLOC_NOFS);
+	xfs_trans_set_context(tp);
 	__sb_writers_acquired(VFS_I(ip)->i_sb, SB_FREEZE_FS);
 
 	/* we abort the update if there was an IO error */
@@ -568,6 +568,12 @@ xfs_vm_writepage(
 {
 	struct xfs_writepage_ctx wpc = { };
 
+	if (WARN_ON_ONCE(current->journal_info)) {
+		redirty_page_for_writepage(wbc, page);
+		unlock_page(page);
+		return 0;
+	}
+
 	return iomap_writepage(page, wbc, &wpc.ctx, &xfs_writeback_ops);
 }
 
@@ -578,6 +584,13 @@ xfs_vm_writepages(
 {
 	struct xfs_writepage_ctx wpc = { };
 
+	/*
+	 * Writing back data in a transaction context can result in recursive
+	 * transactions. This is bad, so issue a warning and get out of here.
+	 */
+	if (WARN_ON_ONCE(current->journal_info))
+		return 0;
+
 	xfs_iflags_clear(XFS_I(mapping->host), XFS_ITRUNCATED);
 	return iomap_writepages(mapping, wbc, &wpc.ctx, &xfs_writeback_ops);
 }
diff --git a/fs/xfs/xfs_extent_busy.c b/fs/xfs/xfs_extent_busy.c
index 3991e59cfd18..ef17c1f6db32 100644
--- a/fs/xfs/xfs_extent_busy.c
+++ b/fs/xfs/xfs_extent_busy.c
@@ -344,7 +344,6 @@ xfs_extent_busy_trim(
 	ASSERT(*len > 0);
 
 	spin_lock(&args->pag->pagb_lock);
-restart:
 	fbno = *bno;
 	flen = *len;
 	rbp = args->pag->pagb_tree.rb_node;
@@ -363,19 +362,6 @@ xfs_extent_busy_trim(
 			continue;
 		}
 
-		/*
-		 * If this is a metadata allocation, try to reuse the busy
-		 * extent instead of trimming the allocation.
-		 */
-		if (!(args->datatype & XFS_ALLOC_USERDATA) &&
-		    !(busyp->flags & XFS_EXTENT_BUSY_DISCARDED)) {
-			if (!xfs_extent_busy_update_extent(args->mp, args->pag,
-							  busyp, fbno, flen,
-							  false))
-				goto restart;
-			continue;
-		}
-
 		if (bbno <= fbno) {
 			/* start overlap */
 
diff --git a/fs/xfs/xfs_sysctl.c b/fs/xfs/xfs_sysctl.c
index 145e06c47744..546a6cd96729 100644
--- a/fs/xfs/xfs_sysctl.c
+++ b/fs/xfs/xfs_sysctl.c
@@ -51,7 +51,7 @@ xfs_panic_mask_proc_handler(
 #endif /* CONFIG_PROC_FS */
 
 STATIC int
-xfs_deprecate_irix_sgid_inherit_proc_handler(
+xfs_deprecated_dointvec_minmax(
 	struct ctl_table	*ctl,
 	int			write,
 	void			*buffer,
@@ -59,24 +59,8 @@ xfs_deprecate_irix_sgid_inherit_proc_handler(
 	loff_t			*ppos)
 {
 	if (write) {
-		printk_once(KERN_WARNING
-				"XFS: " "%s sysctl option is deprecated.\n",
-				ctl->procname);
-	}
-	return proc_dointvec_minmax(ctl, write, buffer, lenp, ppos);
-}
-
-STATIC int
-xfs_deprecate_irix_symlink_mode_proc_handler(
-	struct ctl_table	*ctl,
-	int			write,
-	void			*buffer,
-	size_t			*lenp,
-	loff_t			*ppos)
-{
-	if (write) {
-		printk_once(KERN_WARNING
-				"XFS: " "%s sysctl option is deprecated.\n",
+		printk_ratelimited(KERN_WARNING
+				"XFS: %s sysctl option is deprecated.\n",
 				ctl->procname);
 	}
 	return proc_dointvec_minmax(ctl, write, buffer, lenp, ppos);
@@ -88,7 +72,7 @@ static struct ctl_table xfs_table[] = {
 		.data		= &xfs_params.sgid_inherit.val,
 		.maxlen		= sizeof(int),
 		.mode		= 0644,
-		.proc_handler	= xfs_deprecate_irix_sgid_inherit_proc_handler,
+		.proc_handler	= xfs_deprecated_dointvec_minmax,
 		.extra1		= &xfs_params.sgid_inherit.min,
 		.extra2		= &xfs_params.sgid_inherit.max
 	},
@@ -97,7 +81,7 @@ static struct ctl_table xfs_table[] = {
 		.data		= &xfs_params.symlink_mode.val,
 		.maxlen		= sizeof(int),
 		.mode		= 0644,
-		.proc_handler	= xfs_deprecate_irix_symlink_mode_proc_handler,
+		.proc_handler	= xfs_deprecated_dointvec_minmax,
 		.extra1		= &xfs_params.symlink_mode.min,
 		.extra2		= &xfs_params.symlink_mode.max
 	},
@@ -201,6 +185,15 @@ static struct ctl_table xfs_table[] = {
 		.extra1		= &xfs_params.blockgc_timer.min,
 		.extra2		= &xfs_params.blockgc_timer.max,
 	},
+	{
+		.procname	= "speculative_cow_prealloc_lifetime",
+		.data		= &xfs_params.blockgc_timer.val,
+		.maxlen		= sizeof(int),
+		.mode		= 0644,
+		.proc_handler	= xfs_deprecated_dointvec_minmax,
+		.extra1		= &xfs_params.blockgc_timer.min,
+		.extra2		= &xfs_params.blockgc_timer.max,
+	},
 	/* please keep this the last entry */
 #ifdef CONFIG_PROC_FS
 	{
diff --git a/fs/xfs/xfs_trans.c b/fs/xfs/xfs_trans.c
index 44f72c09c203..b22a09e9daee 100644
--- a/fs/xfs/xfs_trans.c
+++ b/fs/xfs/xfs_trans.c
@@ -72,6 +72,7 @@ xfs_trans_free(
 	xfs_extent_busy_clear(tp->t_mountp, &tp->t_busy, false);
 
 	trace_xfs_trans_free(tp, _RET_IP_);
+	xfs_trans_clear_context(tp);
 	if (!(tp->t_flags & XFS_TRANS_NO_WRITECOUNT))
 		sb_end_intwrite(tp->t_mountp->m_super);
 	xfs_trans_free_dqinfo(tp);
@@ -123,7 +124,8 @@ xfs_trans_dup(
 
 	ntp->t_rtx_res = tp->t_rtx_res - tp->t_rtx_res_used;
 	tp->t_rtx_res = tp->t_rtx_res_used;
-	ntp->t_pflags = tp->t_pflags;
+
+	xfs_trans_switch_context(tp, ntp);
 
 	/* move deferred ops over to the new tp */
 	xfs_defer_move(ntp, tp);
@@ -157,9 +159,6 @@ xfs_trans_reserve(
 	int			error = 0;
 	bool			rsvd = (tp->t_flags & XFS_TRANS_RESERVE) != 0;
 
-	/* Mark this thread as being in a transaction */
-	current_set_flags_nested(&tp->t_pflags, PF_MEMALLOC_NOFS);
-
 	/*
 	 * Attempt to reserve the needed disk blocks by decrementing
 	 * the number needed from the number available.  This will
@@ -167,10 +166,8 @@ xfs_trans_reserve(
 	 */
 	if (blocks > 0) {
 		error = xfs_mod_fdblocks(mp, -((int64_t)blocks), rsvd);
-		if (error != 0) {
-			current_restore_flags_nested(&tp->t_pflags, PF_MEMALLOC_NOFS);
+		if (error != 0)
 			return -ENOSPC;
-		}
 		tp->t_blk_res += blocks;
 	}
 
@@ -244,9 +241,6 @@ xfs_trans_reserve(
 		xfs_mod_fdblocks(mp, (int64_t)blocks, rsvd);
 		tp->t_blk_res = 0;
 	}
-
-	current_restore_flags_nested(&tp->t_pflags, PF_MEMALLOC_NOFS);
-
 	return error;
 }
 
@@ -260,6 +254,7 @@ xfs_trans_alloc(
 	struct xfs_trans	**tpp)
 {
 	struct xfs_trans	*tp;
+	bool			want_retry = true;
 	int			error;
 
 	/*
@@ -267,9 +262,11 @@ xfs_trans_alloc(
 	 * GFP_NOFS allocation context so that we avoid lockdep false positives
 	 * by doing GFP_KERNEL allocations inside sb_start_intwrite().
 	 */
+retry:
 	tp = kmem_cache_zalloc(xfs_trans_zone, GFP_KERNEL | __GFP_NOFAIL);
 	if (!(flags & XFS_TRANS_NO_WRITECOUNT))
 		sb_start_intwrite(mp->m_super);
+	xfs_trans_set_context(tp);
 
 	/*
 	 * Zero-reservation ("empty") transactions can't modify anything, so
@@ -289,7 +286,9 @@ xfs_trans_alloc(
 	tp->t_firstblock = NULLFSBLOCK;
 
 	error = xfs_trans_reserve(tp, resp, blocks, rtextents);
-	if (error == -ENOSPC) {
+	if (error == -ENOSPC && want_retry) {
+		xfs_trans_cancel(tp);
+
 		/*
 		 * We weren't able to reserve enough space for the transaction.
 		 * Flush the other speculative space allocations to free space.
@@ -297,8 +296,11 @@ xfs_trans_alloc(
 		 * other locks.
 		 */
 		error = xfs_blockgc_free_space(mp, NULL);
-		if (!error)
-			error = xfs_trans_reserve(tp, resp, blocks, rtextents);
+		if (error)
+			return error;
+
+		want_retry = false;
+		goto retry;
 	}
 	if (error) {
 		xfs_trans_cancel(tp);
@@ -893,7 +895,6 @@ __xfs_trans_commit(
 
 	xfs_log_commit_cil(mp, tp, &commit_lsn, regrant);
 
-	current_restore_flags_nested(&tp->t_pflags, PF_MEMALLOC_NOFS);
 	xfs_trans_free(tp);
 
 	/*
@@ -925,7 +926,6 @@ __xfs_trans_commit(
 			xfs_log_ticket_ungrant(mp->m_log, tp->t_ticket);
 		tp->t_ticket = NULL;
 	}
-	current_restore_flags_nested(&tp->t_pflags, PF_MEMALLOC_NOFS);
 	xfs_trans_free_items(tp, !!error);
 	xfs_trans_free(tp);
 
@@ -985,9 +985,6 @@ xfs_trans_cancel(
 		tp->t_ticket = NULL;
 	}
 
-	/* mark this thread as no longer being in a transaction */
-	current_restore_flags_nested(&tp->t_pflags, PF_MEMALLOC_NOFS);
-
 	xfs_trans_free_items(tp, dirty);
 	xfs_trans_free(tp);
 }
diff --git a/fs/xfs/xfs_trans.h b/fs/xfs/xfs_trans.h
index 8b03fbfe9a1b..9dd745cf77c9 100644
--- a/fs/xfs/xfs_trans.h
+++ b/fs/xfs/xfs_trans.h
@@ -281,4 +281,34 @@ int xfs_trans_alloc_ichange(struct xfs_inode *ip, struct xfs_dquot *udqp,
 		struct xfs_dquot *gdqp, struct xfs_dquot *pdqp, bool force,
 		struct xfs_trans **tpp);
 
+static inline void
+xfs_trans_set_context(
+	struct xfs_trans	*tp)
+{
+	ASSERT(current->journal_info == NULL);
+	tp->t_pflags = memalloc_nofs_save();
+	current->journal_info = tp;
+}
+
+static inline void
+xfs_trans_clear_context(
+	struct xfs_trans	*tp)
+{
+	if (current->journal_info == tp) {
+		memalloc_nofs_restore(tp->t_pflags);
+		current->journal_info = NULL;
+	}
+}
+
+static inline void
+xfs_trans_switch_context(
+	struct xfs_trans	*old_tp,
+	struct xfs_trans	*new_tp)
+{
+	ASSERT(current->journal_info == old_tp);
+	new_tp->t_pflags = old_tp->t_pflags;
+	old_tp->t_pflags = 0;
+	current->journal_info = new_tp;
+}
+
 #endif	/* __XFS_TRANS_H__ */