diff --git a/futures-util/src/stream/mod.rs b/futures-util/src/stream/mod.rs
index 67bb39962a..a352331bd4 100644
--- a/futures-util/src/stream/mod.rs
+++ b/futures-util/src/stream/mod.rs
@@ -14,8 +14,8 @@ pub use futures_core::stream::{FusedStream, Stream, TryStream};
 mod stream;
 pub use self::stream::{
     Chain, Collect, Concat, Enumerate, Filter, FilterMap, Flatten, Fold, ForEach, Fuse, Inspect,
-    Map, Next, Peekable, SelectNextSome, Skip, SkipWhile, StreamExt, StreamFuture, Take, TakeWhile,
-    Then, Zip,
+    Map, Next, Peek, Peekable, SelectNextSome, Skip, SkipWhile, StreamExt, StreamFuture, Take,
+    TakeWhile, Then, Zip,
 };
 
 #[cfg(feature = "std")]
diff --git a/futures-util/src/stream/stream/mod.rs b/futures-util/src/stream/stream/mod.rs
index 62da0f2cb2..44726ca0c7 100644
--- a/futures-util/src/stream/stream/mod.rs
+++ b/futures-util/src/stream/stream/mod.rs
@@ -88,7 +88,7 @@ pub use self::select_next_some::SelectNextSome;
 
 mod peek;
 #[allow(unreachable_pub)] // https://github.com/rust-lang/rust/issues/57411
-pub use self::peek::Peekable;
+pub use self::peek::{Peek, Peekable};
 
 mod skip;
 #[allow(unreachable_pub)] // https://github.com/rust-lang/rust/issues/57411
diff --git a/futures-util/src/stream/stream/peek.rs b/futures-util/src/stream/stream/peek.rs
index 2d0b23cdde..9272bafe90 100644
--- a/futures-util/src/stream/stream/peek.rs
+++ b/futures-util/src/stream/stream/peek.rs
@@ -1,5 +1,8 @@
-use crate::stream::{StreamExt, Fuse};
+use crate::future::Either;
+use crate::stream::{Fuse, StreamExt};
+use core::fmt;
 use core::pin::Pin;
+use futures_core::future::{FusedFuture, Future};
 use futures_core::stream::{FusedStream, Stream};
 use futures_core::task::{Context, Poll};
 #[cfg(feature = "sink")]
@@ -27,7 +30,7 @@ impl<St: Stream> Peekable<St> {
     pub(super) fn new(stream: St) -> Peekable<St> {
         Peekable {
             stream: stream.fuse(),
-            peeked: None
+            peeked: None,
         }
     }
 
@@ -63,25 +66,47 @@ impl<St: Stream> Peekable<St> {
         self.stream.into_inner()
     }
 
-    /// Peek retrieves a reference to the next item in the stream.
-    ///
-    /// This method polls the underlying stream and return either a reference
-    /// to the next item if the stream is ready or passes through any errors.
-    pub fn poll_peek(
+    /// Produces a `Peek` future which retrieves a reference to the next item
+    /// in the stream, or `None` if the underlying stream terminates.
+    pub fn peek(self: Pin<&mut Self>) -> Peek<'_, St> {
+        Peek { inner: Some(self) }
+    }
+
+    /// Attempt to poll the underlying stream, and return the mutable borrow
+    /// in case that is desirable to try for another time.
+    /// In case a peeking poll is successful, the reference to the next item
+    /// will be in the `Either::Right` variant; otherwise, the mutable borrow
+    /// will be in the `Either::Left` variant.
+    fn do_poll_peek(
         mut self: Pin<&mut Self>,
         cx: &mut Context<'_>,
-    ) -> Poll<Option<&St::Item>> {
+    ) -> Either<Pin<&mut Self>, Option<&St::Item>> {
         if self.peeked.is_some() {
             let this: &Self = self.into_ref().get_ref();
-            return Poll::Ready(this.peeked.as_ref())
+            return Either::Right(this.peeked.as_ref());
         }
-        match ready!(self.as_mut().stream().poll_next(cx)) {
-            None => Poll::Ready(None),
-            Some(item) => {
+        match self.as_mut().stream().poll_next(cx) {
+            Poll::Ready(None) => Either::Right(None),
+            Poll::Ready(Some(item)) => {
                 *self.as_mut().peeked() = Some(item);
                 let this: &Self = self.into_ref().get_ref();
-                Poll::Ready(this.peeked.as_ref())
+                Either::Right(this.peeked.as_ref())
             }
+            _ => Either::Left(self),
+        }
+    }
+
+    /// Peek retrieves a reference to the next item in the stream.
+    ///
+    /// This method polls the underlying stream and return either a reference
+    /// to the next item if the stream is ready or passes through any errors.
+    pub fn poll_peek(
+        self: Pin<&mut Self>,
+        cx: &mut Context<'_>,
+    ) -> Poll<Option<&St::Item>> {
+        match self.do_poll_peek(cx) {
+            Either::Left(_) => Poll::Pending,
+            Either::Right(poll) => Poll::Ready(poll),
         }
     }
 }
@@ -95,12 +120,9 @@ impl<St: Stream> FusedStream for Peekable<St> {
 impl<S: Stream> Stream for Peekable<S> {
     type Item = S::Item;
 
-    fn poll_next(
-        mut self: Pin<&mut Self>,
-        cx: &mut Context<'_>,
-    ) -> Poll<Option<Self::Item>> {
+    fn poll_next(mut self: Pin<&mut Self>, cx: &mut Context<'_>) -> Poll<Option<Self::Item>> {
         if let Some(item) = self.as_mut().peeked().take() {
-            return Poll::Ready(Some(item))
+            return Poll::Ready(Some(item));
         }
         self.as_mut().stream().poll_next(cx)
     }
@@ -120,9 +142,56 @@ impl<S: Stream> Stream for Peekable<S> {
 // Forwarding impl of Sink from the underlying stream
 #[cfg(feature = "sink")]
 impl<S, Item> Sink<Item> for Peekable<S>
-    where S: Sink<Item> + Stream
+where
+    S: Sink<Item> + Stream,
 {
     type Error = S::Error;
 
     delegate_sink!(stream, Item);
 }
+
+/// Future for the [`Peekable::peek()`](self::Peekable::peek) function from [`Peekable`]
+#[must_use = "futures do nothing unless polled"]
+pub struct Peek<'a, St: Stream> {
+    inner: Option<Pin<&'a mut Peekable<St>>>,
+}
+
+impl<St: Stream> Unpin for Peek<'_, St> {}
+
+impl<St> fmt::Debug for Peek<'_, St>
+where
+    St: Stream + fmt::Debug,
+    St::Item: fmt::Debug,
+{
+    fn fmt(&self, f: &mut fmt::Formatter<'_>) -> fmt::Result {
+        f.debug_struct("Peek")
+            .field("inner", &self.inner)
+            .finish()
+    }
+}
+
+impl<St: Stream> FusedFuture for Peek<'_, St> {
+    fn is_terminated(&self) -> bool {
+        self.inner.is_none()
+    }
+}
+
+impl<'a, St> Future for Peek<'a, St>
+where
+    St: Stream,
+{
+    type Output = Option<&'a St::Item>;
+    fn poll(mut self: Pin<&mut Self>, cx: &mut Context<'_>) -> Poll<Self::Output> {
+        if let Some(peekable) = self.inner.take() {
+            match peekable.do_poll_peek(cx) {
+                Either::Left(peekable) => {
+                    self.inner = Some(peekable);
+                    Poll::Pending
+                }
+                Either::Right(peek) => Poll::Ready(peek),
+            }
+        } else {
+            panic!("Peek polled after completion")
+        }
+    }
+}
diff --git a/futures/src/lib.rs b/futures/src/lib.rs
index 84e2a3f9e3..fa11cb9412 100644
--- a/futures/src/lib.rs
+++ b/futures/src/lib.rs
@@ -444,7 +444,7 @@ pub mod stream {
         StreamExt,
         Chain, Collect, Concat, Enumerate, Filter, FilterMap, Flatten, Fold,
         Forward, ForEach, Fuse, StreamFuture, Inspect, Map, Next,
-        SelectNextSome, Peekable, Skip, SkipWhile, Take, TakeWhile,
+        SelectNextSome, Peek, Peekable, Skip, SkipWhile, Take, TakeWhile,
         Then, Zip,
 
         TryStreamExt,
diff --git a/futures/tests/stream_peekable.rs b/futures/tests/stream_peekable.rs
new file mode 100644
index 0000000000..b65a0572cb
--- /dev/null
+++ b/futures/tests/stream_peekable.rs
@@ -0,0 +1,13 @@
+use futures::executor::block_on;
+use futures::pin_mut;
+use futures::stream::{self, Peekable, StreamExt};
+
+#[test]
+fn peekable() {
+    block_on(async {
+        let peekable: Peekable<_> = stream::iter(vec![1u8, 2, 3]).peekable();
+        pin_mut!(peekable);
+        assert_eq!(peekable.as_mut().peek().await, Some(&1u8));
+        assert_eq!(peekable.collect::<Vec<u8>>().await, vec![1, 2, 3]);
+    });
+}