diff --git a/io_uring/io_uring.c b/io_uring/io_uring.c
index 0a5c4fab83c7..f1b79959d1c1 100644
--- a/io_uring/io_uring.c
+++ b/io_uring/io_uring.c
@@ -2575,6 +2575,8 @@ int io_run_task_work_sig(struct io_ring_ctx *ctx)
 static inline int io_cqring_wait_schedule(struct io_ring_ctx *ctx,
 					  struct io_wait_queue *iowq)
 {
+	int token, ret;
+
 	if (unlikely(READ_ONCE(ctx->check_cq)))
 		return 1;
 	if (unlikely(!llist_empty(&ctx->work_llist)))
@@ -2585,11 +2587,20 @@ static inline int io_cqring_wait_schedule(struct io_ring_ctx *ctx,
 		return -EINTR;
 	if (unlikely(io_should_wake(iowq)))
 		return 0;
+
+	/*
+	 * Use io_schedule_prepare/finish, so cpufreq can take into account
+	 * that the task is waiting for IO - turns out to be important for low
+	 * QD IO.
+	 */
+	token = io_schedule_prepare();
+	ret = 0;
 	if (iowq->timeout == KTIME_MAX)
 		schedule();
 	else if (!schedule_hrtimeout(&iowq->timeout, HRTIMER_MODE_ABS))
-		return -ETIME;
-	return 0;
+		ret = -ETIME;
+	io_schedule_finish(token);
+	return ret;
 }
 
 /*