diff --git a/lib/buildChunkGraph.js b/lib/buildChunkGraph.js
index 1fa149438e5..f84fa1fc590 100644
--- a/lib/buildChunkGraph.js
+++ b/lib/buildChunkGraph.js
@@ -50,6 +50,7 @@ const { getEntryRuntime, mergeRuntime } = require("./util/runtime");
  * @property {Set<ChunkGroupInfo>} availableChildren set of chunk groups which depend on the this chunk group as availableSource
  * @property {number} preOrderIndex next pre order index
  * @property {number} postOrderIndex next post order index
+ * @property {boolean} asyncChunkLoading create async chunks
  */
 
 /**
@@ -304,7 +305,11 @@ const visitModules = (
 			availableSources: undefined,
 			availableChildren: undefined,
 			preOrderIndex: 0,
-			postOrderIndex: 0
+			postOrderIndex: 0,
+			asyncChunkLoading:
+				chunkGroup.options.chunkLoading === false
+					? false
+					: compilation.outputOptions.chunkLoading !== false
 		};
 		chunkGroup.index = nextChunkGroupIndex++;
 		if (chunkGroup.getNumberOfParents() > 0) {
@@ -418,7 +423,11 @@ const visitModules = (
 						availableSources: undefined,
 						availableChildren: undefined,
 						preOrderIndex: 0,
-						postOrderIndex: 0
+						postOrderIndex: 0,
+						asyncChunkLoading:
+							entryOptions.chunkLoading !== undefined
+								? entryOptions.chunkLoading !== false
+								: chunkGroupInfo.asyncChunkLoading
 					};
 					chunkGroupInfoMap.set(entrypoint, cgi);
 
@@ -442,8 +451,18 @@ const visitModules = (
 					chunkGroup: entrypoint,
 					chunkGroupInfo: cgi
 				});
+			} else if (!chunkGroupInfo.asyncChunkLoading) {
+				// Just queue the block into the current chunk group
+				queue.push({
+					action: PROCESS_BLOCK,
+					block: b,
+					module: module,
+					chunk,
+					chunkGroup,
+					chunkGroupInfo
+				});
 			} else {
-				cgi = namedChunkGroups.get(chunkName);
+				cgi = chunkName && namedChunkGroups.get(chunkName);
 				if (!cgi) {
 					c = compilation.addChunkInGroup(
 						b.groupOptions || b.chunkName,
@@ -464,7 +483,8 @@ const visitModules = (
 						availableSources: undefined,
 						availableChildren: undefined,
 						preOrderIndex: 0,
-						postOrderIndex: 0
+						postOrderIndex: 0,
+						asyncChunkLoading: chunkGroupInfo.asyncChunkLoading
 					};
 					allCreatedChunkGroups.add(c);
 					chunkGroupInfoMap.set(c, cgi);
@@ -518,7 +538,7 @@ const visitModules = (
 				chunkGroup: c,
 				chunkGroupInfo: cgi
 			});
-		} else {
+		} else if (entrypoint !== undefined) {
 			chunkGroupInfo.chunkGroup.addAsyncEntrypoint(entrypoint);
 		}
 	};
diff --git a/test/configCases/entry/no-chunking/a.js b/test/configCases/entry/no-chunking/a.js
new file mode 100644
index 00000000000..b5c7af9a9a2
--- /dev/null
+++ b/test/configCases/entry/no-chunking/a.js
@@ -0,0 +1,12 @@
+import fs from "fs";
+
+it("should load chunks on demand", async () => {
+	expect((await import("./async")).default).toEqual(42);
+	expect((await (await import("./async")).nested()).default).toEqual(43);
+	expect(fs.readFileSync(__filename, "utf-8")).not.toContain(
+		"This is the" + " async chunk"
+	);
+	expect(fs.readFileSync(__filename, "utf-8")).not.toContain(
+		"This is the" + " nested async chunk"
+	);
+});
diff --git a/test/configCases/entry/no-chunking/async.js b/test/configCases/entry/no-chunking/async.js
new file mode 100644
index 00000000000..5bb02b6aef8
--- /dev/null
+++ b/test/configCases/entry/no-chunking/async.js
@@ -0,0 +1,3 @@
+// This is the async chunk
+export default 42;
+export const nested = () => import("./nested");
diff --git a/test/configCases/entry/no-chunking/b.js b/test/configCases/entry/no-chunking/b.js
new file mode 100644
index 00000000000..963cac2f617
--- /dev/null
+++ b/test/configCases/entry/no-chunking/b.js
@@ -0,0 +1,12 @@
+import fs from "fs";
+
+it("should include all async imports in the main chunk", async () => {
+	expect((await import("./async")).default).toEqual(42);
+	expect((await (await import("./async")).nested()).default).toEqual(43);
+	expect(fs.readFileSync(__filename, "utf-8")).toContain(
+		"This is the async chunk"
+	);
+	expect(fs.readFileSync(__filename, "utf-8")).toContain(
+		"This is the nested async chunk"
+	);
+});
diff --git a/test/configCases/entry/no-chunking/nested.js b/test/configCases/entry/no-chunking/nested.js
new file mode 100644
index 00000000000..423e55b22e2
--- /dev/null
+++ b/test/configCases/entry/no-chunking/nested.js
@@ -0,0 +1,2 @@
+// This is the nested async chunk
+export default 43;
diff --git a/test/configCases/entry/no-chunking/test.config.js b/test/configCases/entry/no-chunking/test.config.js
new file mode 100644
index 00000000000..668b0833d17
--- /dev/null
+++ b/test/configCases/entry/no-chunking/test.config.js
@@ -0,0 +1,5 @@
+module.exports = {
+	findBundle: function (i, options) {
+		return ["./a.js", "./b.js"];
+	}
+};
diff --git a/test/configCases/entry/no-chunking/webpack.config.js b/test/configCases/entry/no-chunking/webpack.config.js
new file mode 100644
index 00000000000..6280043545e
--- /dev/null
+++ b/test/configCases/entry/no-chunking/webpack.config.js
@@ -0,0 +1,13 @@
+/** @type {import("../../../../").Configuration} */
+module.exports = {
+	entry: {
+		a: "./a.js",
+		b: {
+			import: "./b.js",
+			chunkLoading: false
+		}
+	},
+	output: {
+		filename: "[name].js"
+	}
+};