diff --git a/src/mongo_client.ts b/src/mongo_client.ts
index 06aeacf1f5..12a41c7ab1 100644
--- a/src/mongo_client.ts
+++ b/src/mongo_client.ts
@@ -343,6 +343,8 @@ export class MongoClient extends TypedEventEmitter<MongoClientEvents> {
   topology?: Topology;
   /** @internal */
   readonly mongoLogger: MongoLogger;
+  /** @internal */
+  private connectionLock?: Promise<this>;
 
   /**
    * The consolidate, parsed, transformed and merged options.
@@ -447,54 +449,66 @@ export class MongoClient extends TypedEventEmitter<MongoClientEvents> {
     }
 
     return maybeCallback(async () => {
-      if (this.topology && this.topology.isConnected()) {
+      if (this.connectionLock) {
+        return this.connectionLock;
+      }
+      try {
+        this.connectionLock = this._connect();
+        await this.connectionLock;
         return this;
+      } finally {
+        this.connectionLock = undefined;
       }
+    }, callback);
+  }
 
-      const options = this[kOptions];
+  private async _connect(): Promise<this> {
+    if (this.topology && this.topology.isConnected()) {
+      return this;
+    }
 
-      if (typeof options.srvHost === 'string') {
-        const hosts = await resolveSRVRecord(options);
+    const options = this[kOptions];
 
-        for (const [index, host] of hosts.entries()) {
-          options.hosts[index] = host;
-        }
+    if (typeof options.srvHost === 'string') {
+      const hosts = await resolveSRVRecord(options);
+
+      for (const [index, host] of hosts.entries()) {
+        options.hosts[index] = host;
       }
+    }
 
-      const topology = new Topology(options.hosts, options);
-      // Events can be emitted before initialization is complete so we have to
-      // save the reference to the topology on the client ASAP if the event handlers need to access it
-      this.topology = topology;
-      topology.client = this;
+    const topology = new Topology(options.hosts, options);
+    // Events can be emitted before initialization is complete so we have to
+    // save the reference to the topology on the client ASAP if the event handlers need to access it
+    this.topology = topology;
+    topology.client = this;
 
-      topology.once(Topology.OPEN, () => this.emit('open', this));
+    topology.once(Topology.OPEN, () => this.emit('open', this));
 
-      for (const event of MONGO_CLIENT_EVENTS) {
-        topology.on(event, (...args: any[]): unknown => this.emit(event, ...(args as any)));
-      }
+    for (const event of MONGO_CLIENT_EVENTS) {
+      topology.on(event, (...args: any[]): unknown => this.emit(event, ...(args as any)));
+    }
 
-      const topologyConnect = async () => {
-        try {
-          await promisify(callback => topology.connect(options, callback))();
-        } catch (error) {
-          topology.close({ force: true });
-          throw error;
-        }
-      };
-
-      if (this.autoEncrypter) {
-        const initAutoEncrypter = promisify(callback => this.autoEncrypter?.init(callback));
-        await initAutoEncrypter();
-        await topologyConnect();
-        await options.encrypter.connectInternalClient();
-      } else {
-        await topologyConnect();
+    const topologyConnect = async () => {
+      try {
+        await promisify(callback => topology.connect(options, callback))();
+      } catch (error) {
+        topology.close({ force: true });
+        throw error;
       }
+    };
 
-      return this;
-    }, callback);
-  }
+    if (this.autoEncrypter) {
+      const initAutoEncrypter = promisify(callback => this.autoEncrypter?.init(callback));
+      await initAutoEncrypter();
+      await topologyConnect();
+      await options.encrypter.connectInternalClient();
+    } else {
+      await topologyConnect();
+    }
 
+    return this;
+  }
   /**
    * Close the db and its underlying connections
    *
diff --git a/test/integration/node-specific/mongo_client.test.ts b/test/integration/node-specific/mongo_client.test.ts
index e0e005a899..e70b0348a6 100644
--- a/test/integration/node-specific/mongo_client.test.ts
+++ b/test/integration/node-specific/mongo_client.test.ts
@@ -516,6 +516,65 @@ describe('class MongoClient', function () {
     );
   });
 
+  context('concurrent #connect()', () => {
+    let client: MongoClient;
+    let topologyOpenEvents;
+
+    /** Keep track number of call to client connect to close as many as connect (otherwise leak_checker hook will failed) */
+    let clientConnectCounter: number;
+
+    /**
+     * Wrap the connect method of the client to keep track
+     * of number of times connect is called
+     */
+    async function clientConnect() {
+      if (!client) {
+        return;
+      }
+      clientConnectCounter++;
+      return client.connect();
+    }
+
+    beforeEach(async function () {
+      client = this.configuration.newClient();
+      topologyOpenEvents = [];
+      clientConnectCounter = 0;
+      client.on('open', event => topologyOpenEvents.push(event));
+    });
+
+    afterEach(async function () {
+      // close `clientConnectCounter` times
+      const clientClosePromises = Array.from({ length: clientConnectCounter }, () =>
+        client.close()
+      );
+      await Promise.all(clientClosePromises);
+    });
+
+    it('parallel client connect calls only create one topology', async function () {
+      await Promise.all([clientConnect(), clientConnect(), clientConnect()]);
+
+      expect(topologyOpenEvents).to.have.lengthOf(1);
+      expect(client.topology?.isConnected()).to.be.true;
+    });
+
+    it('when connect rejects lock is released regardless', async function () {
+      const internalConnectStub = sinon.stub(client, '_connect' as keyof MongoClient);
+      internalConnectStub.onFirstCall().rejects(new Error('cannot connect'));
+
+      // first call rejected to simulate a connection failure
+      const error = await clientConnect().catch(error => error);
+      expect(error).to.match(/cannot connect/);
+
+      internalConnectStub.restore();
+
+      // second call should connect
+      await clientConnect();
+
+      expect(topologyOpenEvents).to.have.lengthOf(1);
+      expect(client.topology?.isConnected()).to.be.true;
+    });
+  });
+
   context('#close()', () => {
     let client: MongoClient;
     let db: Db;