diff --git a/mlir/lib/Dialect/AIR/IR/AIRDialect.cpp b/mlir/lib/Dialect/AIR/IR/AIRDialect.cpp
index d8c1ce622..9ef8c8bc6 100644
--- a/mlir/lib/Dialect/AIR/IR/AIRDialect.cpp
+++ b/mlir/lib/Dialect/AIR/IR/AIRDialect.cpp
@@ -1181,17 +1181,21 @@ static LogicalResult FoldExecute(ExecuteOp op, PatternRewriter &rewriter) {
     return success();
   }
 
-  // replace returns of constants with the constant
+  // replace returns of (1) constants with the constant, and (2) values not
+  // defined within the execute with its original value
   int idx = 0;
   for (auto v : et->getOperands()) {
     idx++;
     if (op.getResult(idx).use_empty())
       continue;
-    auto o = v.getDefiningOp();
-    if (!o)
-      continue;
-    if (isa<arith::ConstantOp>(o)) {
-      op.getResult(idx).replaceAllUsesWith(rewriter.clone(*o)->getResult(0));
+    if (!op.getRegion().isAncestor(v.getParentRegion())) {
+      rewriter.replaceAllUsesWith(op.getResult(idx), v);
+      return success();
+    }
+    if (auto constOp =
+            dyn_cast_if_present<arith::ConstantOp>(v.getDefiningOp())) {
+      rewriter.replaceAllUsesWith(op.getResult(idx),
+                                  rewriter.clone(*constOp)->getResult(0));
       return success();
     }
   }
diff --git a/mlir/test/Dialect/AIR/air_canonicalize.mlir b/mlir/test/Dialect/AIR/air_canonicalize.mlir
index c6c27e50b..1a822a1e4 100644
--- a/mlir/test/Dialect/AIR/air_canonicalize.mlir
+++ b/mlir/test/Dialect/AIR/air_canonicalize.mlir
@@ -327,6 +327,31 @@ func.func @execute_4() -> (memref<1xi32>, !air.async.token) {
   return %results, %t : memref<1xi32>, !air.async.token
 }
 
+// CHECK-LABEL: execute_5
+// CHECK: scf.for {{.*}} {
+// CHECK: air.execute {{.*}} {
+// CHECK-NEXT: memref.store
+// CHECK-NEXT: }
+// CHECK: scf.yield
+// CHECK-NEXT: }
+func.func @execute_5(%alloc : memref<4xi32>) -> (!air.async.token) {
+  %c0 = arith.constant 0 : index
+  %c1 = arith.constant 1 : index
+  %c4 = arith.constant 4 : index
+  %cst = arith.constant 2 : i32
+  %t = air.wait_all async 
+  %0 = scf.for %arg0 = %c0 to %c4 step %c1 iter_args(%arg1 = %t) -> (!air.async.token) {
+    %async_token_0, %results_1 = air.execute [%arg1] -> (index) {
+      air.execute_terminator %arg0 : index
+    }
+    %async_token_1 = air.execute [%async_token_0] {
+      memref.store %cst, %alloc[%results_1] : memref<4xi32>
+    }
+    scf.yield %async_token_1 : !air.async.token
+  }
+  return %0 :!air.async.token
+}
+
 // CHECK: func.func @chan_0
 // CHECK: %[[TOKEN0:.*]] = air.channel.get async  @channel_0
 // CHECK: %[[TOKEN1:.*]] = air.channel.get async  @channel_1