diff --git a/src/CMakeLists.txt b/src/CMakeLists.txt
index 54d979b8a..b25c900b5 100644
--- a/src/CMakeLists.txt
+++ b/src/CMakeLists.txt
@@ -150,6 +150,7 @@ set(HEADERS
     V3SymTable.h
     V3Table.h
     V3Task.h
+    V3ThreadPool.h
     V3Timing.h
     V3Trace.h
     V3TraceDecl.h
@@ -283,6 +284,7 @@ set(COMMON_SOURCES
     V3Subst.cpp
     V3Table.cpp
     V3Task.cpp
+    V3ThreadPool.cpp
     V3Trace.cpp
     V3TraceDecl.cpp
     V3Tristate.cpp
diff --git a/src/Makefile_obj.in b/src/Makefile_obj.in
index dd177da20..9a515360b 100644
--- a/src/Makefile_obj.in
+++ b/src/Makefile_obj.in
@@ -265,6 +265,7 @@ RAW_OBJS = \
 	V3TSP.o \
 	V3Table.o \
 	V3Task.o \
+	V3ThreadPool.o \
 	V3Timing.o \
 	V3Trace.o \
 	V3TraceDecl.o \
diff --git a/src/V3ThreadPool.cpp b/src/V3ThreadPool.cpp
new file mode 100644
index 000000000..6f4ba5ed6
--- /dev/null
+++ b/src/V3ThreadPool.cpp
@@ -0,0 +1,198 @@
+// -*- mode: C++; c-file-style: "cc-mode" -*-
+//*************************************************************************
+// DESCRIPTION: Verilator: Thread pool for Verilator itself
+//
+// Code available from: https://verilator.org
+//
+//*************************************************************************
+//
+// Copyright 2005-2023 by Wilson Snyder.  This program is free software; you can
+// redistribute it and/or modify it under the terms of either the GNU
+// Lesser General Public License Version 3 or the Perl Artistic License
+// Version 2.0.
+// SPDX-License-Identifier: LGPL-3.0-only OR Artistic-2.0
+//
+//*************************************************************************
+
+#include "config_build.h"
+
+#include "V3ThreadPool.h"
+
+#include "V3Error.h"
+
+// c++11 requires definition of static constexpr as well as declaration
+constexpr unsigned int V3ThreadPool::FUTUREWAITFOR_MS;
+
+void V3ThreadPool::resize(unsigned n) VL_MT_UNSAFE {
+    // This function is not thread-safe and can result in race between threads
+    VerilatedLockGuard lock{m_mutex};
+    VerilatedLockGuard stoppedJobsLock{m_stoppedJobsMutex};
+    UASSERT(m_queue.empty(), "Resizing busy thread pool");
+    // Shut down old threads
+    m_shutdown = true;
+    m_stoppedJobs = 0;
+    m_cv.notify_all();
+    m_stoppedJobsCV.notify_all();
+    stoppedJobsLock.unlock();
+    lock.unlock();
+    while (!m_workers.empty()) {
+        m_workers.front().join();
+        m_workers.pop_front();
+    }
+    lock.lock();
+    // Start new threads
+    m_shutdown = false;
+    for (unsigned int i = 1; i < n; ++i) {
+        m_workers.emplace_back(&V3ThreadPool::startWorker, this, i);
+    }
+}
+
+void V3ThreadPool::startWorker(V3ThreadPool* selfThreadp, int id) VL_MT_SAFE {
+    selfThreadp->workerJobLoop(id);
+}
+
+void V3ThreadPool::workerJobLoop(int id) VL_MT_SAFE {
+    while (true) {
+        // Wait for a notification
+        waitIfStopRequested();
+        job_t job;
+        {
+            VerilatedLockGuard lock(m_mutex);
+            m_cv.wait(lock, [&]() VL_REQUIRES(m_mutex) {
+                return !m_queue.empty() || m_shutdown || m_stopRequested;
+            });
+            if (m_shutdown) return;  // Terminate if requested
+            if (stopRequestedStandalone()) { continue; }
+            // Get the job
+            UASSERT(!m_queue.empty(), "Job should be available");
+
+            job = m_queue.front();
+            m_queue.pop();
+        }
+
+        // Execute the job
+        job();
+    }
+}
+
+template <>
+void V3ThreadPool::pushJob<void>(std::shared_ptr<std::promise<void>>& prom,
+                                 std::function<void()>&& f) VL_MT_SAFE {
+    if (willExecuteSynchronously()) {
+        f();
+        prom->set_value();
+    } else {
+        const VerilatedLockGuard lock{m_mutex};
+        m_queue.push([prom, f] {
+            f();
+            prom->set_value();
+        });
+    }
+}
+
+void V3ThreadPool::requestExclusiveAccess(const V3ThreadPool::job_t&& exclusiveAccessJob)
+    VL_MT_SAFE {
+    if (willExecuteSynchronously()) {
+        exclusiveAccessJob();
+    } else {
+        VerilatedLockGuard stoppedJobLock{m_stoppedJobsMutex};
+        // if some other job already requested exclusive access
+        // wait until it stops
+        if (stopRequested()) { waitStopRequested(stoppedJobLock); }
+        m_stopRequested = true;
+        waitOtherThreads(stoppedJobLock);
+        m_exclusiveAccess = true;
+        exclusiveAccessJob();
+        m_exclusiveAccess = false;
+        m_stopRequested = false;
+        m_stoppedJobsCV.notify_all();
+    }
+}
+
+bool V3ThreadPool::waitIfStopRequested() VL_MT_SAFE {
+    VerilatedLockGuard stoppedJobLock(m_stoppedJobsMutex);
+    if (!stopRequested()) return false;
+    waitStopRequested(stoppedJobLock);
+    return true;
+}
+
+void V3ThreadPool::waitStopRequested(VerilatedLockGuard& stoppedJobLock)
+    VL_REQUIRES(m_stoppedJobsMutex) {
+    ++m_stoppedJobs;
+    m_stoppedJobsCV.notify_all();
+    m_stoppedJobsCV.wait(
+        stoppedJobLock, [&]() VL_REQUIRES(m_stoppedJobsMutex) { return !m_stopRequested.load(); });
+    --m_stoppedJobs;
+    m_stoppedJobsCV.notify_all();
+}
+
+void V3ThreadPool::waitOtherThreads(VerilatedLockGuard& stoppedJobLock)
+    VL_MT_SAFE_EXCLUDES(m_mutex) VL_REQUIRES(m_stoppedJobsMutex) {
+    ++m_stoppedJobs;
+    m_stoppedJobsCV.notify_all();
+    m_cv.notify_all();
+    m_stoppedJobsCV.wait(stoppedJobLock, [&]() VL_REQUIRES(m_stoppedJobsMutex) {
+        // count also the main thread
+        return m_stoppedJobs == (m_workers.size() + 1);
+    });
+    --m_stoppedJobs;
+}
+
+void V3ThreadPool::selfTest() {
+    VerilatedMutex commonMutex;
+    int commonValue{0};
+
+    auto firstJob = [&](int sleep) -> void {
+        std::this_thread::sleep_for(std::chrono::milliseconds{sleep});
+        s().requestExclusiveAccess([&]() {
+            commonValue = 10;
+            std::this_thread::sleep_for(std::chrono::milliseconds{sleep + 10});
+            UASSERT(commonValue == 10, "unexpected commonValue = " << commonValue);
+        });
+    };
+    auto secondJob = [&](int sleep) -> void {
+        VerilatedLockGuard lock{commonMutex};
+        lock.unlock();
+        s().waitIfStopRequested();
+        lock.lock();
+        std::this_thread::sleep_for(std::chrono::milliseconds{sleep});
+        commonValue = 1000;
+    };
+    auto thirdJob = [&](int sleep) -> void {
+        VerilatedLockGuard lock{commonMutex};
+        std::this_thread::sleep_for(std::chrono::milliseconds{sleep});
+        lock.unlock();
+        s().requestExclusiveAccess([&]() { firstJob(sleep); });
+        lock.lock();
+        commonValue = 1000;
+    };
+    std::list<std::future<void>> futures;
+
+    futures.push_back(s().enqueue<void>(std::bind(firstJob, 100)));
+    futures.push_back(s().enqueue<void>(std::bind(secondJob, 100)));
+    futures.push_back(s().enqueue<void>(std::bind(firstJob, 100)));
+    futures.push_back(s().enqueue<void>(std::bind(secondJob, 100)));
+    futures.push_back(s().enqueue<void>(std::bind(secondJob, 200)));
+    futures.push_back(s().enqueue<void>(std::bind(firstJob, 200)));
+    futures.push_back(s().enqueue<void>(std::bind(firstJob, 300)));
+    while (!futures.empty()) {
+        s().waitForFuture(futures.front());
+        futures.pop_front();
+    }
+    futures.push_back(s().enqueue<void>(std::bind(thirdJob, 100)));
+    futures.push_back(s().enqueue<void>(std::bind(thirdJob, 100)));
+    while (!futures.empty()) {
+        s().waitForFuture(futures.front());
+        futures.pop_front();
+    }
+    s().waitIfStopRequested();
+    s().requestExclusiveAccess(std::bind(firstJob, 100));
+    auto forthJob = [&]() -> int { return 1234; };
+    std::list<std::future<int>> futuresInt;
+    futuresInt.push_back(s().enqueue<int>(forthJob));
+    while (!futuresInt.empty()) {
+        int result = s().waitForFuture(futuresInt.front());
+        UASSERT(result == 1234, "unexpected future result = " << commonValue);
+        futuresInt.pop_front();
+    }
+}
diff --git a/src/V3ThreadPool.h b/src/V3ThreadPool.h
new file mode 100644
index 000000000..b074491be
--- /dev/null
+++ b/src/V3ThreadPool.h
@@ -0,0 +1,169 @@
+// -*- mode: C++; c-file-style: "cc-mode" -*-
+//*************************************************************************
+// DESCRIPTION: Verilator: Thread pool for Verilator itself
+//
+// Code available from: https://verilator.org
+//
+//*************************************************************************
+//
+// Copyright 2005-2023 by Wilson Snyder.  This program is free software; you can
+// redistribute it and/or modify it under the terms of either the GNU
+// Lesser General Public License Version 3 or the Perl Artistic License
+// Version 2.0.
+// SPDX-License-Identifier: LGPL-3.0-only OR Artistic-2.0
+//
+//*************************************************************************
+
+#ifndef _V3THREADPOOL_H_
+#define _V3THREADPOOL_H_ 1
+
+#include "verilated_threads.h"
+
+#include <condition_variable>
+#include <functional>
+#include <future>
+#include <list>
+#include <mutex>
+#include <queue>
+#include <thread>
+
+//============================================================================
+
+class V3ThreadPool final {
+    // MEMBERS
+    static constexpr unsigned int FUTUREWAITFOR_MS = 100;
+    using job_t = std::function<void()>;
+
+    mutable VerilatedMutex m_mutex;  // Mutex for use by m_queue
+    std::queue<job_t> m_queue VL_GUARDED_BY(m_mutex);  // Queue of jobs
+    // We don't need to guard this condition_variable as
+    // both `notify_one` and `notify_all` functions are atomic,
+    // `wait` function is not atomic, but we are guarding `m_queue` that is
+    // used by this condition_variable, so clang checks that we have mutex locked
+    std::condition_variable_any m_cv;  // Conditions to wake up workers
+    std::list<std::thread> m_workers;  // Worker threads
+    VerilatedMutex m_stoppedJobsMutex;  // Used to signal stopped jobs
+    // Conditions to wake up stopped jobs
+    std::condition_variable_any m_stoppedJobsCV VL_GUARDED_BY(m_stoppedJobsMutex);
+    std::atomic_uint m_stoppedJobs{0};  // Currently stopped jobs waiting for wake up
+    std::atomic_bool m_stopRequested{false};  // Signals to resume stopped jobs
+    std::atomic_bool m_exclusiveAccess{false};  // Signals that all other threads are stopped
+
+    std::atomic_bool m_shutdown{false};  // Termination pending
+
+    // CONSTRUCTORS
+    V3ThreadPool() = default;
+    ~V3ThreadPool() {
+        VerilatedLockGuard lock{m_mutex};
+        m_queue = {};  // make sure queue is empty
+        lock.unlock();
+        resize(0);
+    }
+
+public:
+    // METHODS
+    // Singleton
+    static V3ThreadPool& s() VL_MT_SAFE {
+        static V3ThreadPool s_s;
+        return s_s;
+    }
+
+    // Resize thread pool to n workers (queue must be empty)
+    void resize(unsigned n) VL_MT_UNSAFE;
+
+    // Enqueue a job for asynchronous execution
+    template <typename T>
+    std::future<T> enqueue(std::function<T()>&& f) VL_MT_SAFE;
+
+    // Request exclusive access to processing.
+    // It sends request to stop all other threads and waits for them to stop.
+    // Other threads needs to manually call 'check_stop_requested' in places where
+    // they can be stopped.
+    // When all other threads are stopped, this function executes the job
+    // and resumes execution of other jobs.
+    void requestExclusiveAccess(const job_t&& exclusiveAccessJob) VL_MT_SAFE;
+
+    // Check if other thread requested exclusive access to processing,
+    // if so, it waits for it to complete. Afterwards it is resumed.
+    // Returns true if request was send and we waited, otherwise false
+    bool waitIfStopRequested() VL_MT_SAFE;
+
+    template <typename T>
+    T waitForFuture(std::future<T>& future) VL_MT_SAFE_EXCLUDES(m_mutex);
+
+    static void selfTest();
+
+private:
+    bool willExecuteSynchronously() const VL_MT_SAFE {
+        return m_workers.empty() || m_exclusiveAccess;
+    }
+
+    // True when any thread requested exclusive access
+    bool stopRequested() const VL_REQUIRES(m_stoppedJobsMutex) {
+        // don't wait if shutdown already requested
+        if (m_shutdown) return false;
+        return m_stopRequested;
+    }
+
+    bool stopRequestedStandalone() VL_MT_SAFE_EXCLUDES(m_stoppedJobsMutex) {
+        const VerilatedLockGuard lock{m_stoppedJobsMutex};
+        return stopRequested();
+    }
+
+    // Waits until exclusive access job completes its job
+    void waitStopRequested(VerilatedLockGuard& stoppedJobLock) VL_REQUIRES(m_stoppedJobsMutex);
+
+    // Waits until all other jobs are stopped
+    void waitOtherThreads(VerilatedLockGuard& stoppedJobLock) VL_MT_SAFE_EXCLUDES(m_mutex)
+        VL_REQUIRES(m_stoppedJobsMutex);
+
+    template <typename T>
+    void pushJob(std::shared_ptr<std::promise<T>>& prom, std::function<T()>&& f) VL_MT_SAFE;
+
+    void workerJobLoop(int id) VL_MT_SAFE;
+
+    static void startWorker(V3ThreadPool* selfThreadp, int id) VL_MT_SAFE;
+};
+
+template <typename T>
+T V3ThreadPool::waitForFuture(std::future<T>& future) VL_MT_SAFE_EXCLUDES(m_mutex) {
+    while (true) {
+        waitIfStopRequested();
+        {
+            std::future_status status
+                = future.wait_for(std::chrono::milliseconds(V3ThreadPool::FUTUREWAITFOR_MS));
+            switch (status) {
+            case std::future_status::deferred: continue;
+            case std::future_status::timeout: continue;
+            case std::future_status::ready: return future.get();
+            }
+        }
+    }
+}
+
+template <typename T>
+std::future<T> V3ThreadPool::enqueue(std::function<T()>&& f) VL_MT_SAFE {
+    std::shared_ptr<std::promise<T>> prom = std::make_shared<std::promise<T>>();
+    std::future<T> result = prom->get_future();
+    pushJob(prom, std::move(f));
+    const VerilatedLockGuard guard{m_mutex};
+    m_cv.notify_one();
+    return result;
+}
+
+template <typename T>
+void V3ThreadPool::pushJob(std::shared_ptr<std::promise<T>>& prom,
+                           std::function<T()>&& f) VL_MT_SAFE {
+    if (willExecuteSynchronously()) {
+        prom->set_value(f());
+    } else {
+        const VerilatedLockGuard guard{m_mutex};
+        m_queue.push([prom, f] { prom->set_value(f()); });
+    }
+}
+
+template <>
+void V3ThreadPool::pushJob<void>(std::shared_ptr<std::promise<void>>& prom,
+                                 std::function<void()>&& f) VL_MT_SAFE;
+
+#endif  // Guard
diff --git a/src/Verilator.cpp b/src/Verilator.cpp
index 76956b5e8..73c542ac9 100644
--- a/src/Verilator.cpp
+++ b/src/Verilator.cpp
@@ -90,6 +90,7 @@
 #include "V3TSP.h"
 #include "V3Table.h"
 #include "V3Task.h"
+#include "V3ThreadPool.h"
 #include "V3Timing.h"
 #include "V3Trace.h"
 #include "V3TraceDecl.h"
@@ -600,6 +601,9 @@ static void verilate(const string& argString) {
         v3fatalSrc("VERILATOR_DEBUG_SKIP_IDENTICAL w/ --skip-identical: Changes found\n");
     }  // LCOV_EXCL_STOP
 
+    // Adjust thread pool size
+    V3ThreadPool::s().resize(v3Global.opt.verilateJobs());
+
     // --FRONTEND------------------
 
     // Cleanup
@@ -619,6 +623,7 @@ static void verilate(const string& argString) {
         V3Partition::selfTest();
         V3Partition::selfTestNormalizeCosts();
         V3Broken::selfTest();
+        V3ThreadPool::selfTest();
     }
 
     // Read first filename
diff --git a/test_regress/t/t_a3_selftest_thread.pl b/test_regress/t/t_a3_selftest_thread.pl
new file mode 100755
index 000000000..a47da043c
--- /dev/null
+++ b/test_regress/t/t_a3_selftest_thread.pl
@@ -0,0 +1,20 @@
+#!/usr/bin/env perl
+if (!$::Driver) { use FindBin; exec("$FindBin::Bin/bootstrap.pl", @ARGV, $0); die; }
+# DESCRIPTION: Verilator: Verilog Test driver/expect definition
+#
+# Copyright 2023 by Wilson Snyder. This program is free software; you
+# can redistribute it and/or modify it under the terms of either the GNU
+# Lesser General Public License Version 3 or the Perl Artistic License
+# Version 2.0.
+# SPDX-License-Identifier: LGPL-3.0-only OR Artistic-2.0
+
+scenarios(vlt => 1);
+
+top_filename("t/t_EXAMPLE.v");
+
+lint(
+    v_flags => ["--lint-only --verilate-jobs 2 --debug-self-test"],
+    );
+
+ok(1);
+1;