diff --git a/core/io/resource_loader.cpp b/core/io/resource_loader.cpp
index 238db4bb7ae..c5975653c5d 100644
--- a/core/io/resource_loader.cpp
+++ b/core/io/resource_loader.cpp
@@ -666,6 +666,14 @@ Ref<ResourceLoader::LoadToken> ResourceLoader::_load_start(const String &p_path,
 float ResourceLoader::_dependency_get_progress(const String &p_path) {
 	if (thread_load_tasks.has(p_path)) {
 		ThreadLoadTask &load_task = thread_load_tasks[p_path];
+		if (load_task.in_progress_check) {
+			// Given the fact that any resource loaded when an outer stack frame is
+			// loading another one is considered a dependency of it, for progress
+			// tracking purposes, a cycle can happen if even if the original resource
+			// graphs involved have none. For instance, preload() can cause this.
+			return load_task.max_reported_progress;
+		}
+		load_task.in_progress_check = true;
 		float current_progress = 0.0;
 		int dep_count = load_task.sub_tasks.size();
 		if (dep_count > 0) {
@@ -679,6 +687,7 @@ float ResourceLoader::_dependency_get_progress(const String &p_path) {
 			current_progress = load_task.progress;
 		}
 		load_task.max_reported_progress = MAX(load_task.max_reported_progress, current_progress);
+		load_task.in_progress_check = false;
 		return load_task.max_reported_progress;
 	} else {
 		return 1.0; //assume finished loading it so it no longer exists
diff --git a/core/io/resource_loader.h b/core/io/resource_loader.h
index c300b0d925b..33b79b5a800 100644
--- a/core/io/resource_loader.h
+++ b/core/io/resource_loader.h
@@ -176,10 +176,8 @@ private:
 	struct ThreadLoadTask {
 		WorkerThreadPool::TaskID task_id = 0; // Used if run on a worker thread from the pool.
 		Thread::ID thread_id = 0; // Used if running on an user thread (e.g., simple non-threaded load).
-		bool awaited = false; // If it's in the pool, this helps not awaiting from more than one dependent thread.
 		ConditionVariable *cond_var = nullptr; // In not in the worker pool or already awaiting, this is used as a secondary awaiting mechanism.
 		uint32_t awaiters_count = 0;
-		bool need_wait = true;
 		LoadToken *load_token = nullptr;
 		String local_path;
 		String type_hint;
@@ -190,17 +188,26 @@ private:
 		ResourceFormatLoader::CacheMode cache_mode = ResourceFormatLoader::CACHE_MODE_REUSE;
 		Error error = OK;
 		Ref<Resource> resource;
-		bool use_sub_threads = false;
 		HashSet<String> sub_tasks;
 
+		bool awaited : 1; // If it's in the pool, this helps not awaiting from more than one dependent thread.
+		bool need_wait : 1;
+		bool in_progress_check : 1; // Measure against recursion cycles in progress reporting. Cycles are not expected, but can happen due to how it's currently implemented.
+		bool use_sub_threads : 1;
+
 		struct ResourceChangedConnection {
 			Resource *source = nullptr;
 			Callable callable;
 			uint32_t flags = 0;
 		};
 		LocalVector<ResourceChangedConnection> resource_changed_connections;
-	};
 
+		ThreadLoadTask() :
+				awaited(false),
+				need_wait(true),
+				in_progress_check(false),
+				use_sub_threads(false) {}
+	};
 	static void _run_load_task(void *p_userdata);
 
 	static thread_local bool import_thread;