diff --git a/rpcs3/Emu/Cell/PPUThread.cpp b/rpcs3/Emu/Cell/PPUThread.cpp
index bc8c55910a..4c6b54f007 100644
--- a/rpcs3/Emu/Cell/PPUThread.cpp
+++ b/rpcs3/Emu/Cell/PPUThread.cpp
@@ -3541,49 +3541,62 @@ static bool ppu_store_reservation(ppu_thread& ppu, u32 addr, u64 reg_value)
 		// Avoid notifications from lwmutex or sys_spinlock
 		if (new_data != old_data && (ppu.cia < liblv2_begin || ppu.cia >= liblv2_end))
 		{
-			const u32 notify = ppu.res_notify;
+			u32 notify = ppu.res_notify;
 
 			if (notify)
 			{
-				bool notified = false;
-
-				if (ppu.res_notify_time == (vm::reservation_acquire(notify) & -128))
+				if (ppu.res_notify_time == vm::reservation_notifier_count_index(notify).second)
 				{
 					ppu.state += cpu_flag::wait;
 					vm::reservation_notifier_notify(notify);
-					notified = true;
-				}
-
-				if (vm::reservation_notifier_count(addr))
-				{
-					if (!notified)
-					{
-						ppu.res_notify = addr;
-						ppu.res_notify_time = rtime + 128;
-					}
-					else if ((addr ^ notify) & -128)
-					{
-						vm::reservation_notifier_notify(addr);
-						ppu.res_notify = 0;
-					}
 				}
 				else
 				{
-					ppu.res_notify = 0;
+					notify = 0;
 				}
 
-				static_cast<void>(ppu.test_stopped());
+				ppu.res_notify = 0;
 			}
-			else
+
+			if ((addr ^ notify) & -128)
 			{
 				// Try to postpone notification to when PPU is asleep or join notifications on the same address
 				// This also optimizes a mutex - won't notify after lock is aqcuired (prolonging the critical section duration), only notifies on unlock
-				if (vm::reservation_notifier_count(addr))
+				const auto [count, index] = vm::reservation_notifier_count_index(addr);
+
+				switch (count)
 				{
-					ppu.res_notify = addr;
-					ppu.res_notify_time = rtime + 128;
+				case 0:
+				{
+					// Nothing to do
+					break;
+				}
+				case 1:
+				{
+					if (!notify)
+					{
+						ppu.res_notify = addr;
+						ppu.res_notify_time = index;
+						break;
+					}
+
+					// Notify both
+					[[fallthrough]];
+				}
+				default:
+				{
+					if (!notify)
+					{
+						ppu.state += cpu_flag::wait;
+					}
+
+					vm::reservation_notifier_notify(addr);
+					break;
+				}
 				}
 			}
+
+			static_cast<void>(ppu.test_stopped());
 		}
 
 		if (addr == ppu.last_faddr)
@@ -3601,7 +3614,7 @@ static bool ppu_store_reservation(ppu_thread& ppu, u32 addr, u64 reg_value)
 	// And on failure it has some time to do something else
 	if (notify && ((addr ^ notify) & -128))
 	{
-		if (ppu.res_notify_time == (vm::reservation_acquire(notify) & -128))
+		if (ppu.res_notify_time == vm::reservation_notifier_count_index(notify).second)
 		{
 			ppu.state += cpu_flag::wait;
 			vm::reservation_notifier_notify(notify);
diff --git a/rpcs3/Emu/Cell/SPUThread.cpp b/rpcs3/Emu/Cell/SPUThread.cpp
index ad02909767..21a739664e 100644
--- a/rpcs3/Emu/Cell/SPUThread.cpp
+++ b/rpcs3/Emu/Cell/SPUThread.cpp
@@ -446,7 +446,7 @@ waitpkg_func static void __tpause(u32 cycles, u32 cstate)
 
 namespace vm
 {
-	std::array<atomic_t<reservation_waiter_t>, 512> g_resrv_waiters_count{};
+	std::array<atomic_t<reservation_waiter_t>, 1024> g_resrv_waiters_count{};
 }
 
 void do_cell_atomic_128_store(u32 addr, const void* to_write);
diff --git a/rpcs3/Emu/Cell/lv2/lv2.cpp b/rpcs3/Emu/Cell/lv2/lv2.cpp
index 1570558278..2c29505a54 100644
--- a/rpcs3/Emu/Cell/lv2/lv2.cpp
+++ b/rpcs3/Emu/Cell/lv2/lv2.cpp
@@ -1335,7 +1335,7 @@ bool lv2_obj::sleep(cpu_thread& cpu, const u64 timeout)
 		{
 			static_cast<ppu_thread&>(cpu).res_notify = 0;
 
-			if (static_cast<ppu_thread&>(cpu).res_notify_time != (vm::reservation_acquire(addr) & -128))
+			if (static_cast<ppu_thread&>(cpu).res_notify_time != vm::reservation_notifier_count_index(addr).second)
 			{
 				// Ignore outdated notification request
 			}
@@ -1388,7 +1388,7 @@ bool lv2_obj::awake(cpu_thread* thread, s32 prio)
 		{
 			ppu->res_notify = 0;
 
-			if (ppu->res_notify_time != (vm::reservation_acquire(addr) & -128))
+			if (ppu->res_notify_time != vm::reservation_notifier_count_index(addr).second)
 			{
 				// Ignore outdated notification request
 			}
diff --git a/rpcs3/Emu/Memory/vm_reservation.h b/rpcs3/Emu/Memory/vm_reservation.h
index 6231e61a06..c9d2e0c50a 100644
--- a/rpcs3/Emu/Memory/vm_reservation.h
+++ b/rpcs3/Emu/Memory/vm_reservation.h
@@ -45,14 +45,24 @@ namespace vm
 
 	static inline std::pair<atomic_t<reservation_waiter_t>*, atomic_t<reservation_waiter_t>*> reservation_notifier(u32 raddr)
 	{
-		extern std::array<atomic_t<reservation_waiter_t>, 512> g_resrv_waiters_count;
+		extern std::array<atomic_t<reservation_waiter_t>, 1024> g_resrv_waiters_count;
 
 		// Storage efficient method to distinguish different nearby addresses (which are likely)
-		const usz index = std::popcount(raddr & -512) + ((raddr / 128) % 4) * 32;
-		auto& waiter = g_resrv_waiters_count[index * 4];
-		return { &g_resrv_waiters_count[index * 4 + waiter.load().waiters_index % 4], &waiter };
+		constexpr u32 wait_vars_for_each = 8;
+		constexpr u32 unique_address_bit_mask = 0b11;
+		const usz index = std::popcount(raddr & -1024) + ((raddr / 128) & unique_address_bit_mask) * 32;
+		auto& waiter = g_resrv_waiters_count[index * wait_vars_for_each];
+		return { &g_resrv_waiters_count[index * wait_vars_for_each + waiter.load().waiters_index % wait_vars_for_each], &waiter };
 	}
 
+	// Returns waiter count and index
+	static inline std::pair<u32, u32> reservation_notifier_count_index(u32 raddr)
+	{
+		const auto notifiers = reservation_notifier(raddr);
+		return { notifiers.first->load().waiters_count, static_cast<u32>(notifiers.first - notifiers.second) };
+	}
+
+	// Returns waiter count
 	static inline u32 reservation_notifier_count(u32 raddr)
 	{
 		return reservation_notifier(raddr).first->load().waiters_count;
diff --git a/rpcs3/emucore.vcxproj b/rpcs3/emucore.vcxproj
index d066b83908..8c3566dca5 100644
--- a/rpcs3/emucore.vcxproj
+++ b/rpcs3/emucore.vcxproj
@@ -947,6 +947,7 @@
     <ClInclude Include="Emu\Memory\vm.h" />
     <ClInclude Include="Emu\Memory\vm_ptr.h" />
     <ClInclude Include="Emu\Memory\vm_ref.h" />
+    <ClInclude Include="Emu\Memory\vm_reservation.h" />
     <ClInclude Include="Emu\Memory\vm_var.h" />
     <ClInclude Include="Emu\RSX\rsx_methods.h" />
     <ClInclude Include="Emu\RSX\rsx_utils.h" />
diff --git a/rpcs3/emucore.vcxproj.filters b/rpcs3/emucore.vcxproj.filters
index 3183f8dd83..584787892a 100644
--- a/rpcs3/emucore.vcxproj.filters
+++ b/rpcs3/emucore.vcxproj.filters
@@ -1461,6 +1461,9 @@
     <ClInclude Include="Emu\Memory\vm_ref.h">
       <Filter>Emu\Memory</Filter>
     </ClInclude>
+    <ClInclude Include="Emu\Memory\vm_reservation.h">
+      <Filter>Emu\Memory</Filter>
+    </ClInclude>
     <ClInclude Include="Emu\Memory\vm_var.h">
       <Filter>Emu\Memory</Filter>
     </ClInclude>