diff --git a/newsfragments/2265.feature.rst b/newsfragments/2265.feature.rst
new file mode 100644
index 0000000000..b61e66f36a
--- /dev/null
+++ b/newsfragments/2265.feature.rst
@@ -0,0 +1 @@
+Add async ``eth.get_transaction_receipt`` and ``eth.wait_for_transaction_receipt`` methods
\ No newline at end of file
diff --git a/web3/_utils/module_testing/eth_module.py b/web3/_utils/module_testing/eth_module.py
index 9859dabc8e..17634912a0 100644
--- a/web3/_utils/module_testing/eth_module.py
+++ b/web3/_utils/module_testing/eth_module.py
@@ -47,6 +47,7 @@
     InvalidAddress,
     InvalidTransaction,
     NameNotFound,
+    TimeExhausted,
     TransactionNotFound,
     TransactionTypeMismatch,
 )
@@ -799,8 +800,8 @@ async def test_async_eth_wait_for_transaction_receipt_unmined(
             'maxFeePerGas': async_w3.toWei(3, 'gwei'),
             'maxPriorityFeePerGas': async_w3.toWei(1, 'gwei')
         })
-        with pytest.raises(TransactionNotFound):
-            await async_w3.eth.wait_for_transaction_receipt(txn_hash)
+        with pytest.raises(TimeExhausted):
+            await async_w3.eth.wait_for_transaction_receipt(txn_hash, timeout=2)
 
     @pytest.mark.asyncio
     async def test_async_eth_get_transaction_receipt_with_log_entry(
@@ -827,6 +828,7 @@ async def test_async_eth_get_transaction_receipt_with_log_entry(
         assert log_entry['transactionIndex'] == 0
         assert log_entry['transactionHash'] == HexBytes(txn_hash_with_log)
 
+
 class EthModuleTest:
     def test_eth_protocol_version(self, web3: "Web3") -> None:
         with pytest.warns(DeprecationWarning,
diff --git a/web3/_utils/transactions.py b/web3/_utils/transactions.py
index d63ea51d42..374740eee9 100644
--- a/web3/_utils/transactions.py
+++ b/web3/_utils/transactions.py
@@ -125,26 +125,6 @@ def fill_transaction_defaults(web3: "Web3", transaction: TxParams) -> TxParams:
             defaults[key] = default_val
     return merge(defaults, transaction)
 
-
-def wait_for_transaction_receipt(
-    web3: "Web3", txn_hash: _Hash32, timeout: float, poll_latency: float
-) -> TxReceipt:
-    with Timeout(timeout) as _timeout:
-        while True:
-            try:
-                txn_receipt = web3.eth.get_transaction_receipt(txn_hash)
-            except TransactionNotFound:
-                txn_receipt = None
-            # FIXME: The check for a null `blockHash` is due to parity's
-            # non-standard implementation of the JSON-RPC API and should
-            # be removed once the formal spec for the JSON-RPC endpoints
-            # has been finalized.
-            if txn_receipt is not None and txn_receipt['blockHash'] is not None:
-                break
-            _timeout.sleep(poll_latency)
-    return txn_receipt
-
-
 def get_block_gas_limit(web3: "Web3", block_identifier: Optional[BlockIdentifier] = None) -> Wei:
     if block_identifier is None:
         block_identifier = web3.eth.block_number
diff --git a/web3/eth.py b/web3/eth.py
index 636805798d..487091abcc 100644
--- a/web3/eth.py
+++ b/web3/eth.py
@@ -62,7 +62,6 @@
     extract_valid_transaction_params,
     get_required_transaction,
     replace_transaction,
-    wait_for_transaction_receipt as utils_wait_for_transaction_receipt,
 )
 from web3.contract import (
     ConciseContract,
@@ -71,6 +70,7 @@
 )
 from web3.exceptions import (
     TimeExhausted,
+    TransactionNotFound,
 )
 from web3.iban import (
     Iban,
@@ -417,7 +417,22 @@ async def wait_for_transaction_receipt(
         self, transaction_hash: _Hash32, timeout: float = 120, poll_latency: float = 0.1
     ) -> TxReceipt:
         try:
-            return await utils_wait_for_transaction_receipt(self.web3, transaction_hash, timeout, poll_latency)
+            with Timeout(timeout) as _timeout:
+                while True:
+                    try:
+                        txn_receipt = await self._get_transaction_receipt(transaction_hash)
+                    except TransactionNotFound:
+                        txn_receipt = None
+                    # FIXME: The check for a null `blockHash` is due to parity's
+                    # non-standard implementation of the JSON-RPC API and should
+                    # be removed once the formal spec for the JSON-RPC endpoints
+                    # has been finalized.
+                    # if txn_receipt is not None and txn_receipt['blockHash'] is not None:
+                    if txn_receipt is not None:
+                        break
+                    _timeout.sleep(poll_latency)
+            return txn_receipt
+            
         except Timeout:
             raise TimeExhausted(
                 "Transaction {!r} is not in the chain, after {} seconds".format(
@@ -706,7 +721,22 @@ def wait_for_transaction_receipt(
         self, transaction_hash: _Hash32, timeout: float = 120, poll_latency: float = 0.1
     ) -> TxReceipt:
         try:
-            return utils_wait_for_transaction_receipt(self.web3, transaction_hash, timeout, poll_latency)
+            with Timeout(timeout) as _timeout:
+                while True:
+                    try:
+                        txn_receipt = self._get_transaction_receipt(transaction_hash)
+                    except TransactionNotFound:
+                        txn_receipt = None
+                    # FIXME: The check for a null `blockHash` is due to parity's
+                    # non-standard implementation of the JSON-RPC API and should
+                    # be removed once the formal spec for the JSON-RPC endpoints
+                    # has been finalized.
+                    # if txn_receipt is not None and txn_receipt['blockHash'] is not None:
+                    if txn_receipt is not None:
+                        break
+                    _timeout.sleep(poll_latency)
+            return txn_receipt
+
         except Timeout:
             raise TimeExhausted(
                 "Transaction {!r} is not in the chain, after {} seconds".format(
@@ -720,11 +750,6 @@ def get_transaction_receipt(
     ) -> TxReceipt:
         return self._get_transaction_receipt(transaction_hash)
 
-    # get_transaction_receipt: Method[Callable[[_Hash32], TxReceipt]] = Method(
-    #     RPC.eth_getTransactionReceipt,
-    #     mungers=[default_root_munger]
-    # )
-
     get_transaction_count: Method[Callable[..., Nonce]] = Method(
         RPC.eth_getTransactionCount,
         mungers=[BaseEth.block_id_munger],