diff --git a/pgxpool/pool.go b/pgxpool/pool.go
index 6998e7e8..fe0e914a 100644
--- a/pgxpool/pool.go
+++ b/pgxpool/pool.go
@@ -95,6 +95,8 @@ type Pool struct {
 
 	healthCheckChan chan struct{}
 
+	acquireTracer AcquireTracer
+
 	closeOnce sync.Once
 	closeChan chan struct{}
 }
@@ -195,6 +197,10 @@ func NewWithConfig(ctx context.Context, config *Config) (*Pool, error) {
 		closeChan:             make(chan struct{}),
 	}
 
+	if t, ok := config.ConnConfig.Tracer.(AcquireTracer); ok {
+		p.acquireTracer = t
+	}
+
 	var err error
 	p.p, err = puddle.NewPool(
 		&puddle.Config[*connResource]{
@@ -498,7 +504,14 @@ func (p *Pool) createIdleResources(parentCtx context.Context, targetResources in
 }
 
 // Acquire returns a connection (*Conn) from the Pool
-func (p *Pool) Acquire(ctx context.Context) (*Conn, error) {
+func (p *Pool) Acquire(ctx context.Context) (c *Conn, err error) {
+	if p.acquireTracer != nil {
+		ctx = p.acquireTracer.TraceAcquireStart(ctx, TraceAcquireStartData{ConnConfig: p.config.ConnConfig})
+		defer func() {
+			p.acquireTracer.TraceAcquireEnd(ctx, TraceAcquireEndData{Err: err})
+		}()
+	}
+
 	for {
 		res, err := p.p.Acquire(ctx)
 		if err != nil {
diff --git a/pgxpool/tracer.go b/pgxpool/tracer.go
new file mode 100644
index 00000000..621091a8
--- /dev/null
+++ b/pgxpool/tracer.go
@@ -0,0 +1,23 @@
+package pgxpool
+
+import (
+	"context"
+
+	"github.com/jackc/pgx/v5"
+)
+
+// AcquireTracer traces Acquire.
+type AcquireTracer interface {
+	// TraceAcquireStart is called at the beginning of Acquire.
+	// The returned context is used for the rest of the call and will be passed to the TraceAcquireEnd.
+	TraceAcquireStart(ctx context.Context, data TraceAcquireStartData) context.Context
+	TraceAcquireEnd(ctx context.Context, data TraceAcquireEndData)
+}
+
+type TraceAcquireStartData struct {
+	ConnConfig *pgx.ConnConfig
+}
+
+type TraceAcquireEndData struct {
+	Err error
+}
diff --git a/pgxpool/tracer_test.go b/pgxpool/tracer_test.go
new file mode 100644
index 00000000..8e3a17d1
--- /dev/null
+++ b/pgxpool/tracer_test.go
@@ -0,0 +1,90 @@
+package pgxpool_test
+
+import (
+	"context"
+	"os"
+	"testing"
+	"time"
+
+	"github.com/jackc/pgx/v5"
+	"github.com/jackc/pgx/v5/pgxpool"
+	"github.com/stretchr/testify/require"
+)
+
+type testTracer struct {
+	traceAcquireStart func(ctx context.Context, data pgxpool.TraceAcquireStartData) context.Context
+	traceAcquireEnd   func(ctx context.Context, data pgxpool.TraceAcquireEndData)
+}
+
+type ctxKey string
+
+func (tt *testTracer) TraceAcquireStart(ctx context.Context, data pgxpool.TraceAcquireStartData) context.Context {
+	if tt.traceAcquireStart != nil {
+		return tt.traceAcquireStart(ctx, data)
+	}
+	return ctx
+}
+
+func (tt *testTracer) TraceAcquireEnd(ctx context.Context, data pgxpool.TraceAcquireEndData) {
+	if tt.traceAcquireEnd != nil {
+		tt.traceAcquireEnd(ctx, data)
+	}
+}
+
+func (tt *testTracer) TraceQueryStart(ctx context.Context, conn *pgx.Conn, data pgx.TraceQueryStartData) context.Context {
+	return ctx
+}
+
+func (tt *testTracer) TraceQueryEnd(ctx context.Context, conn *pgx.Conn, data pgx.TraceQueryEndData) {
+}
+
+func TestTraceAcquire(t *testing.T) {
+	t.Parallel()
+
+	tracer := &testTracer{}
+
+	ctx, cancel := context.WithTimeout(context.Background(), 120*time.Second)
+	defer cancel()
+
+	config, err := pgxpool.ParseConfig(os.Getenv("PGX_TEST_DATABASE"))
+	require.NoError(t, err)
+	config.ConnConfig.Tracer = tracer
+
+	pool, err := pgxpool.NewWithConfig(ctx, config)
+	require.NoError(t, err)
+	defer pool.Close()
+
+	traceAcquireStartCalled := false
+	tracer.traceAcquireStart = func(ctx context.Context, data pgxpool.TraceAcquireStartData) context.Context {
+		traceAcquireStartCalled = true
+		require.NotNil(t, data.ConnConfig)
+		return context.WithValue(ctx, ctxKey("fromTraceAcquireStart"), "foo")
+	}
+
+	traceAcquireEndCalled := false
+	tracer.traceAcquireEnd = func(ctx context.Context, data pgxpool.TraceAcquireEndData) {
+		traceAcquireEndCalled = true
+		require.Equal(t, "foo", ctx.Value(ctxKey(ctxKey("fromTraceAcquireStart"))))
+		require.NoError(t, data.Err)
+	}
+
+	c, err := pool.Acquire(ctx)
+	require.NoError(t, err)
+	defer c.Release()
+	require.True(t, traceAcquireStartCalled)
+	require.True(t, traceAcquireEndCalled)
+
+	traceAcquireStartCalled = false
+	traceAcquireEndCalled = false
+	tracer.traceAcquireEnd = func(ctx context.Context, data pgxpool.TraceAcquireEndData) {
+		traceAcquireEndCalled = true
+		require.Error(t, data.Err)
+	}
+
+	ctx, cancel = context.WithCancel(ctx)
+	cancel()
+	c, err = pool.Acquire(ctx)
+	require.ErrorIs(t, err, context.Canceled)
+	require.True(t, traceAcquireStartCalled)
+	require.True(t, traceAcquireEndCalled)
+}