diff --git a/libretro-common/include/libretro.h b/libretro-common/include/libretro.h
index 32b732e6d2c4..69d9772556ad 100644
--- a/libretro-common/include/libretro.h
+++ b/libretro-common/include/libretro.h
@@ -5674,7 +5674,7 @@ enum retro_savestate_context
     * therefore, internal pointers to code or data are acceptable.
     * May still be loaded or saved at any time.
     *
-    * @note This context generally implies the use of runahead or rewinding,
+    * @note This context generally implies the use of runahead,
     * which may work by taking savestates multiple times per second.
     * Savestate code that runs in this context should be fast.
     */
@@ -5706,6 +5706,10 @@ enum retro_savestate_context
     */
    RETRO_SAVESTATE_CONTEXT_ROLLBACK_NETPLAY       = 3,
 
+   /**
+    * Same as \c RETRO_SAVESTATE_CONTEXT_RUNAHEAD_SAME_INSTANCE, but for rewinding.
+    */
+   RETRO_SAVESTATE_CONTEXT_REWIND_SAME_INSTANCE   = 4,
    /**
     * @private Defined to ensure <tt>sizeof(retro_savestate_context) == sizeof(int)</tt>.
     * Do not use.
diff --git a/runloop.c b/runloop.c
index fcdc7862cc61..d51139f22e0d 100644
--- a/runloop.c
+++ b/runloop.c
@@ -3150,29 +3150,37 @@ bool runloop_environment_cb(unsigned cmd, void *data)
       {
          int result = RETRO_SAVESTATE_CONTEXT_NORMAL;
 
-#if defined(HAVE_RUNAHEAD) || defined(HAVE_NETWORKING)
-         if (runloop_st->flags & RUNLOOP_FLAG_REQUEST_SPECIAL_SAVESTATE)
+#ifdef HAVE_REWIND
+         if (runloop_st->rewind_st.flags &
+               STATE_MGR_REWIND_ST_FLAG_IS_REWIND_SERIALIZE)
+            result = RETRO_SAVESTATE_CONTEXT_REWIND_SAME_INSTANCE;
+         else
+#endif
          {
+#if defined(HAVE_RUNAHEAD) || defined(HAVE_NETWORKING)
+            if (runloop_st->flags & RUNLOOP_FLAG_REQUEST_SPECIAL_SAVESTATE)
+            {
 #ifdef HAVE_NETWORKING
-            if (netplay_driver_ctl(RARCH_NETPLAY_CTL_IS_ENABLED, NULL))
-               result = RETRO_SAVESTATE_CONTEXT_ROLLBACK_NETPLAY;
-            else
+               if (netplay_driver_ctl(RARCH_NETPLAY_CTL_IS_ENABLED, NULL))
+                  result = RETRO_SAVESTATE_CONTEXT_ROLLBACK_NETPLAY;
+               else
 #endif
-            {
+               {
 #ifdef HAVE_RUNAHEAD
 #if defined(HAVE_DYNAMIC) || defined(HAVE_DYLIB)
-               settings_t *settings = config_get_ptr();
-               if (      settings->bools.run_ahead_secondary_instance
-                     && (runloop_st->flags & RUNLOOP_FLAG_RUNAHEAD_SECONDARY_CORE_AVAILABLE)
-                     &&  secondary_core_ensure_exists(runloop_st, settings))
-                  result = RETRO_SAVESTATE_CONTEXT_RUNAHEAD_SAME_BINARY;
-               else
+                  settings_t *settings = config_get_ptr();
+                  if (      settings->bools.run_ahead_secondary_instance
+                        && (runloop_st->flags & RUNLOOP_FLAG_RUNAHEAD_SECONDARY_CORE_AVAILABLE)
+                        &&  secondary_core_ensure_exists(runloop_st, settings))
+                     result = RETRO_SAVESTATE_CONTEXT_RUNAHEAD_SAME_BINARY;
+                  else
 #endif
                   result = RETRO_SAVESTATE_CONTEXT_RUNAHEAD_SAME_INSTANCE;
 #endif
+               }
             }
-         }
 #endif
+         }
 
          if (data)
             *(int*)data = result;
diff --git a/state_manager.c b/state_manager.c
index ce84f91d20fa..6724122b7251 100644
--- a/state_manager.c
+++ b/state_manager.c
@@ -606,7 +606,9 @@ void state_manager_event_init(
 
    state_manager_push_where(rewind_st->state, &state);
 
+   rewind_st->flags |= STATE_MGR_REWIND_ST_FLAG_IS_REWIND_SERIALIZE;
    content_serialize_state_rewind(state, rewind_st->size);
+   rewind_st->flags &= ~STATE_MGR_REWIND_ST_FLAG_IS_REWIND_SERIALIZE;
 
    state_manager_push_do(rewind_st->state);
 }
@@ -783,7 +785,9 @@ bool state_manager_check_rewind(
          void *state = NULL;
          state_manager_push_where(rewind_st->state, &state);
 
+         rewind_st->flags |= STATE_MGR_REWIND_ST_FLAG_IS_REWIND_SERIALIZE;
          content_serialize_state_rewind(state, rewind_st->size);
+         rewind_st->flags &= ~STATE_MGR_REWIND_ST_FLAG_IS_REWIND_SERIALIZE;
 
          state_manager_push_do(rewind_st->state);
       }
diff --git a/state_manager.h b/state_manager.h
index ac1408384323..d7193c169d59 100644
--- a/state_manager.h
+++ b/state_manager.h
@@ -33,7 +33,8 @@ enum state_manager_rewind_st_flags
    STATE_MGR_REWIND_ST_FLAG_FRAME_IS_REVERSED     = (1 << 0),
    STATE_MGR_REWIND_ST_FLAG_INIT_ATTEMPTED        = (1 << 1),
    STATE_MGR_REWIND_ST_FLAG_HOTKEY_WAS_CHECKED    = (1 << 2),
-   STATE_MGR_REWIND_ST_FLAG_HOTKEY_WAS_PRESSED    = (1 << 3)
+   STATE_MGR_REWIND_ST_FLAG_HOTKEY_WAS_PRESSED    = (1 << 3),
+   STATE_MGR_REWIND_ST_FLAG_IS_REWIND_SERIALIZE   = (1 << 4)
 };
 
 struct state_manager