diff --git a/ext/io/event/selector/uring.c b/ext/io/event/selector/uring.c
index 7bbaea41..9b3b959a 100644
--- a/ext/io/event/selector/uring.c
+++ b/ext/io/event/selector/uring.c
@@ -81,6 +81,7 @@ struct IO_Event_Selector_URing_Completion
 	struct IO_Event_List list;
 	
 	struct IO_Event_Selector_URing_Waiting *waiting;
+	bool operation_pending;
 	bool cancellation_pending;
 };
 
@@ -207,10 +208,12 @@ struct IO_Event_Selector_URing_Completion * IO_Event_Selector_URing_Completion_a
 	if (DEBUG_COMPLETION) fprintf(stderr, "IO_Event_Selector_URing_Completion_acquire(%p, limit=%ld)\n", (void*)completion, selector->completions.limit);
 	
 	assert(completion->waiting == NULL);
+	assert(!completion->operation_pending);
 	assert(!completion->cancellation_pending);
 	
 	waiting->completion = completion;
 	completion->waiting = waiting;
+	completion->operation_pending = true;
 	
 	return completion;
 }
@@ -230,6 +233,7 @@ inline static
 void IO_Event_Selector_URing_Completion_recycle(struct IO_Event_Selector_URing *selector, struct IO_Event_Selector_URing_Completion *completion)
 {
 	assert(completion->waiting == NULL);
+	assert(!completion->operation_pending);
 	assert(!completion->cancellation_pending);
 	
 	IO_Event_List_prepend(&selector->free_list, &completion->list);
@@ -240,6 +244,9 @@ void IO_Event_Selector_URing_Completion_complete(struct IO_Event_Selector_URing
 {
 	if (DEBUG_COMPLETION) fprintf(stderr, "IO_Event_Selector_URing_Completion_complete(%p)\n", (void*)completion);
 	
+	assert(completion->operation_pending);
+	completion->operation_pending = false;
+	
 	IO_Event_Selector_URing_Completion_cancel(completion);
 	
 	// A cancellation SQE still refers to this completion record. Keep it out of
@@ -257,7 +264,7 @@ void IO_Event_Selector_URing_Completion_cancellation_complete(struct IO_Event_Se
 	assert(completion->cancellation_pending);
 	completion->cancellation_pending = false;
 	
-	if (completion->waiting == NULL) {
+	if (!completion->operation_pending) {
 		IO_Event_Selector_URing_Completion_recycle(selector, completion);
 	}
 }
@@ -283,6 +290,7 @@ void IO_Event_Selector_URing_Completion_initialize(void *element)
 	IO_Event_List_initialize(&completion->list);
 	completion->list.type = &IO_Event_Selector_URing_Completion_Type;
 	completion->waiting = NULL;
+	completion->operation_pending = false;
 	completion->cancellation_pending = false;
 }
 
diff --git a/releases.md b/releases.md
index 802b7ac2..8b69dcaa 100644
--- a/releases.md
+++ b/releases.md
@@ -3,6 +3,7 @@
 ## Unreleased
 
   - Fix the `URing` completion free-list empty check so its sole entry can be reused instead of unnecessarily allocating a new completion.
+  - Keep cancelled `URing` completion records allocated until both the operation and cancellation completions have been processed.
 
 ## v1.20.0
 
diff --git a/test/io/event/selector/cancellable.rb b/test/io/event/selector/cancellable.rb
index 575fe36a..88eceb4e 100644
--- a/test/io/event/selector/cancellable.rb
+++ b/test/io/event/selector/cancellable.rb
@@ -100,6 +100,44 @@
 				selector.select(0.1)
 			end
 		end
+		
+		it "can reuse completions after cancelling waits" do
+			skip "Requires the URing selector" unless defined?(IO::Event::Selector::URing) && selector.is_a?(IO::Event::Selector::URing)
+			
+			pid = Process.fork do
+				local_selector = selector.class.new(Fiber.current)
+				local_input, local_output = IO.pipe
+				
+				begin
+					cancelled_waiter = Fiber.new do
+						local_selector.io_wait(Fiber.current, local_input, IO::READABLE)
+					rescue Interrupt
+						# The pending wait was cancelled.
+					end
+					
+					cancelled_waiter.transfer
+					cancelled_waiter.raise(Interrupt)
+					local_selector.select(0.01)
+					
+					waiters = 2.times.map do
+						Fiber.new do
+							local_selector.io_wait(Fiber.current, local_input, IO::READABLE)
+						rescue Interrupt
+							# The pending wait was cancelled.
+						end
+					end
+					
+					waiters.each(&:transfer)
+				ensure
+					local_selector.close
+					local_input.close
+					local_output.close
+				end
+			end
+			
+			_, status = Process.wait2(pid)
+			expect(status).to be(:success?)
+		end
 	end
 end