diff --git a/databases/core.py b/databases/core.py
index 8f7df452..ff208da2 100644
--- a/databases/core.py
+++ b/databases/core.py
@@ -14,9 +14,9 @@
 from databases.interfaces import DatabaseBackend, Record
 
 if sys.version_info >= (3, 7):  # pragma: no cover
-    import contextvars as contextvars
+    from contextvars import ContextVar
 else:  # pragma: no cover
-    import aiocontextvars as contextvars
+    from aiocontextvars import ContextVar
 
 try:  # pragma: no cover
     import click
@@ -69,9 +69,7 @@ def __init__(
         self._backend = backend_cls(self.url, **self.options)
 
         # Connections are stored as task-local state.
-        self._connection_context = contextvars.ContextVar(
-            "connection_context"
-        )  # type: contextvars.ContextVar
+        self._connection_context = ContextVar("connection_context")  # type: ContextVar
 
         # When `force_rollback=True` is used, we use a single global
         # connection, within a transaction that always rolls back.
@@ -120,7 +118,7 @@ async def disconnect(self) -> None:
             self._global_transaction = None
             self._global_connection = None
         else:
-            self._connection_context = contextvars.ContextVar("connection_context")
+            self._connection_context = ContextVar("connection_context")
 
         await self._backend.disconnect()
         logger.info(
@@ -182,11 +180,6 @@ async def iterate(
             async for record in connection.iterate(query, values):
                 yield record
 
-    def _new_connection(self) -> "Connection":
-        connection = Connection(self._backend)
-        self._connection_context.set(connection)
-        return connection
-
     def connection(self) -> "Connection":
         if self._global_connection is not None:
             return self._global_connection
@@ -194,23 +187,14 @@ def connection(self) -> "Connection":
         try:
             return self._connection_context.get()
         except LookupError:
-            return self._new_connection()
+            connection = Connection(self._backend)
+            self._connection_context.set(connection)
+            return connection
 
     def transaction(
         self, *, force_rollback: bool = False, **kwargs: typing.Any
     ) -> "Transaction":
-        try:
-            connection = self._connection_context.get()
-            is_root = not connection._transaction_stack
-            if is_root:
-                newcontext = contextvars.copy_context()
-                get_conn = lambda: newcontext.run(self._new_connection)
-            else:
-                get_conn = self.connection
-        except LookupError:
-            get_conn = self.connection
-
-        return Transaction(get_conn, force_rollback=force_rollback, **kwargs)
+        return Transaction(self.connection, force_rollback=force_rollback, **kwargs)
 
     @contextlib.contextmanager
     def force_rollback(self) -> typing.Iterator[None]:
diff --git a/tests/test_databases.py b/tests/test_databases.py
index 7a0b84fd..e6313e94 100644
--- a/tests/test_databases.py
+++ b/tests/test_databases.py
@@ -1123,25 +1123,6 @@ async def test_column_names(database_url, select_query):
             assert results[0]["completed"] == True
 
 
-@pytest.mark.parametrize("database_url", DATABASE_URLS)
-@mysql_versions
-@async_adapter
-async def test_parallel_transactions(database_url):
-    """
-    Test parallel transaction execution.
-    """
-
-    async def test_task(db):
-        async with db.transaction():
-            await db.fetch_one("SELECT 1")
-
-    async with Database(database_url) as database:
-        await database.fetch_one("SELECT 1")
-
-        tasks = [test_task(database) for i in range(4)]
-        await asyncio.gather(*tasks)
-
-
 @pytest.mark.parametrize("database_url", DATABASE_URLS)
 @async_adapter
 async def test_posgres_interface(database_url):