diff --git a/doc/api/events.md b/doc/api/events.md
index f3613d99100632..590500e9e07f20 100644
--- a/doc/api/events.md
+++ b/doc/api/events.md
@@ -886,6 +886,41 @@ Value: `Symbol.for('nodejs.rejection')`
 
 See how to write a custom [rejection handler][rejection].
 
+## events.on(emitter, eventName)
+<!-- YAML
+added: REPLACEME
+-->
+
+* `emitter` {EventEmitter}
+* `eventName` {string|symbol} The name of the event being listened for
+* Returns: {AsyncIterator} that iterates `eventName` events emitted by the `emitter`
+
+```js
+const { on, EventEmitter } = require('events');
+
+(async () => {
+  const ee = new EventEmitter();
+
+  // Emit later on
+  process.nextTick(() => {
+    ee.emit('foo', 'bar');
+    ee.emit('foo', 42);
+  });
+
+  for await (const event of on(ee, 'foo')) {
+    // The execution of this inner block is synchronous and it
+    // processes one event at a time (even with await). Do not use
+    // if concurrent execution is required.
+    console.log(event); // prints ['bar'] [42]
+  }
+})();
+```
+
+Returns an `AsyncIterator` that iterates `eventName` events. It will throw
+if the `EventEmitter` emits `'error'`. It removes all listeners when
+exiting the loop. The `value` returned by each iteration is an array
+composed of the emitted event arguments.
+
 [WHATWG-EventTarget]: https://dom.spec.whatwg.org/#interface-eventtarget
 [`--trace-warnings`]: cli.html#cli_trace_warnings
 [`EventEmitter.defaultMaxListeners`]: #events_eventemitter_defaultmaxlisteners
diff --git a/lib/events.js b/lib/events.js
index e6ad7e93490ca5..76b376e789115f 100644
--- a/lib/events.js
+++ b/lib/events.js
@@ -30,12 +30,16 @@ const {
   ObjectCreate,
   ObjectDefineProperty,
   ObjectGetPrototypeOf,
+  ObjectSetPrototypeOf,
   ObjectKeys,
   Promise,
+  PromiseReject,
+  PromiseResolve,
   ReflectApply,
   ReflectOwnKeys,
   Symbol,
   SymbolFor,
+  SymbolAsyncIterator
 } = primordials;
 const kRejection = SymbolFor('nodejs.rejection');
 
@@ -63,6 +67,7 @@ function EventEmitter(opts) {
 }
 module.exports = EventEmitter;
 module.exports.once = once;
+module.exports.on = on;
 
 // Backwards-compat with node 0.10.x
 EventEmitter.EventEmitter = EventEmitter;
@@ -658,3 +663,102 @@ function once(emitter, name) {
     emitter.once(name, eventListener);
   });
 }
+
+const AsyncIteratorPrototype = ObjectGetPrototypeOf(
+  ObjectGetPrototypeOf(async function* () {}).prototype);
+
+function createIterResult(value, done) {
+  return { value, done };
+}
+
+function on(emitter, event) {
+  const unconsumedEvents = [];
+  const unconsumedPromises = [];
+  let error = null;
+  let finished = false;
+
+  const iterator = ObjectSetPrototypeOf({
+    next() {
+      // First, we consume all unread events
+      const value = unconsumedEvents.shift();
+      if (value) {
+        return PromiseResolve(createIterResult(value, false));
+      }
+
+      // Then we error, if an error happened
+      // This happens one time if at all, because after 'error'
+      // we stop listening
+      if (error) {
+        const p = PromiseReject(error);
+        // Only the first element errors
+        error = null;
+        return p;
+      }
+
+      // If the iterator is finished, resolve to done
+      if (finished) {
+        return PromiseResolve(createIterResult(undefined, true));
+      }
+
+      // Wait until an event happens
+      return new Promise(function(resolve, reject) {
+        unconsumedPromises.push({ resolve, reject });
+      });
+    },
+
+    return() {
+      emitter.removeListener(event, eventHandler);
+      emitter.removeListener('error', errorHandler);
+      finished = true;
+
+      for (const promise of unconsumedPromises) {
+        promise.resolve(createIterResult(undefined, true));
+      }
+
+      return PromiseResolve(createIterResult(undefined, true));
+    },
+
+    throw(err) {
+      if (!err || !(err instanceof Error)) {
+        throw new ERR_INVALID_ARG_TYPE('EventEmitter.AsyncIterator',
+                                       'Error', err);
+      }
+      error = err;
+      emitter.removeListener(event, eventHandler);
+      emitter.removeListener('error', errorHandler);
+    },
+
+    [SymbolAsyncIterator]() {
+      return this;
+    }
+  }, AsyncIteratorPrototype);
+
+  emitter.on(event, eventHandler);
+  emitter.on('error', errorHandler);
+
+  return iterator;
+
+  function eventHandler(...args) {
+    const promise = unconsumedPromises.shift();
+    if (promise) {
+      promise.resolve(createIterResult(args, false));
+    } else {
+      unconsumedEvents.push(args);
+    }
+  }
+
+  function errorHandler(err) {
+    finished = true;
+
+    const toError = unconsumedPromises.shift();
+
+    if (toError) {
+      toError.reject(err);
+    } else {
+      // The next time we call next()
+      error = err;
+    }
+
+    iterator.return();
+  }
+}
diff --git a/test/parallel/test-event-on-async-iterator.js b/test/parallel/test-event-on-async-iterator.js
new file mode 100644
index 00000000000000..ff5d8cdaf2aea0
--- /dev/null
+++ b/test/parallel/test-event-on-async-iterator.js
@@ -0,0 +1,223 @@
+'use strict';
+
+const common = require('../common');
+const assert = require('assert');
+const { on, EventEmitter } = require('events');
+
+async function basic() {
+  const ee = new EventEmitter();
+  process.nextTick(() => {
+    ee.emit('foo', 'bar');
+    // 'bar' is a spurious event, we are testing
+    // that it does not show up in the iterable
+    ee.emit('bar', 24);
+    ee.emit('foo', 42);
+  });
+
+  const iterable = on(ee, 'foo');
+
+  const expected = [['bar'], [42]];
+
+  for await (const event of iterable) {
+    const current = expected.shift();
+
+    assert.deepStrictEqual(current, event);
+
+    if (expected.length === 0) {
+      break;
+    }
+  }
+  assert.strictEqual(ee.listenerCount('foo'), 0);
+  assert.strictEqual(ee.listenerCount('error'), 0);
+}
+
+async function error() {
+  const ee = new EventEmitter();
+  const _err = new Error('kaboom');
+  process.nextTick(() => {
+    ee.emit('error', _err);
+  });
+
+  const iterable = on(ee, 'foo');
+  let looped = false;
+  let thrown = false;
+
+  try {
+    // eslint-disable-next-line no-unused-vars
+    for await (const event of iterable) {
+      looped = true;
+    }
+  } catch (err) {
+    thrown = true;
+    assert.strictEqual(err, _err);
+  }
+  assert.strictEqual(thrown, true);
+  assert.strictEqual(looped, false);
+}
+
+async function errorDelayed() {
+  const ee = new EventEmitter();
+  const _err = new Error('kaboom');
+  process.nextTick(() => {
+    ee.emit('foo', 42);
+    ee.emit('error', _err);
+  });
+
+  const iterable = on(ee, 'foo');
+  const expected = [[42]];
+  let thrown = false;
+
+  try {
+    for await (const event of iterable) {
+      const current = expected.shift();
+      assert.deepStrictEqual(current, event);
+    }
+  } catch (err) {
+    thrown = true;
+    assert.strictEqual(err, _err);
+  }
+  assert.strictEqual(thrown, true);
+  assert.strictEqual(ee.listenerCount('foo'), 0);
+  assert.strictEqual(ee.listenerCount('error'), 0);
+}
+
+async function throwInLoop() {
+  const ee = new EventEmitter();
+  const _err = new Error('kaboom');
+
+  process.nextTick(() => {
+    ee.emit('foo', 42);
+  });
+
+  try {
+    for await (const event of on(ee, 'foo')) {
+      assert.deepStrictEqual(event, [42]);
+      throw _err;
+    }
+  } catch (err) {
+    assert.strictEqual(err, _err);
+  }
+
+  assert.strictEqual(ee.listenerCount('foo'), 0);
+  assert.strictEqual(ee.listenerCount('error'), 0);
+}
+
+async function next() {
+  const ee = new EventEmitter();
+  const iterable = on(ee, 'foo');
+
+  process.nextTick(function() {
+    ee.emit('foo', 'bar');
+    ee.emit('foo', 42);
+    iterable.return();
+  });
+
+  const results = await Promise.all([
+    iterable.next(),
+    iterable.next(),
+    iterable.next()
+  ]);
+
+  assert.deepStrictEqual(results, [{
+    value: ['bar'],
+    done: false
+  }, {
+    value: [42],
+    done: false
+  }, {
+    value: undefined,
+    done: true
+  }]);
+
+  assert.deepStrictEqual(await iterable.next(), {
+    value: undefined,
+    done: true
+  });
+}
+
+async function nextError() {
+  const ee = new EventEmitter();
+  const iterable = on(ee, 'foo');
+  const _err = new Error('kaboom');
+  process.nextTick(function() {
+    ee.emit('error', _err);
+  });
+  const results = await Promise.allSettled([
+    iterable.next(),
+    iterable.next(),
+    iterable.next()
+  ]);
+  assert.deepStrictEqual(results, [{
+    status: 'rejected',
+    reason: _err
+  }, {
+    status: 'fulfilled',
+    value: {
+      value: undefined,
+      done: true
+    }
+  }, {
+    status: 'fulfilled',
+    value: {
+      value: undefined,
+      done: true
+    }
+  }]);
+  assert.strictEqual(ee.listeners('error').length, 0);
+}
+
+async function iterableThrow() {
+  const ee = new EventEmitter();
+  const iterable = on(ee, 'foo');
+
+  process.nextTick(() => {
+    ee.emit('foo', 'bar');
+    ee.emit('foo', 42); // lost in the queue
+    iterable.throw(_err);
+  });
+
+  const _err = new Error('kaboom');
+  let thrown = false;
+
+  assert.throws(() => {
+    // No argument
+    iterable.throw();
+  }, {
+    message: 'The "EventEmitter.AsyncIterator" property must be' +
+    ' an instance of Error. Received undefined',
+    name: 'TypeError'
+  });
+
+  const expected = [['bar'], [42]];
+
+  try {
+    for await (const event of iterable) {
+      assert.deepStrictEqual(event, expected.shift());
+    }
+  } catch (err) {
+    thrown = true;
+    assert.strictEqual(err, _err);
+  }
+  assert.strictEqual(thrown, true);
+  assert.strictEqual(expected.length, 0);
+  assert.strictEqual(ee.listenerCount('foo'), 0);
+  assert.strictEqual(ee.listenerCount('error'), 0);
+}
+
+async function run() {
+  const funcs = [
+    basic,
+    error,
+    errorDelayed,
+    throwInLoop,
+    next,
+    nextError,
+    iterableThrow
+  ];
+
+  for (const fn of funcs) {
+    await fn();
+  }
+}
+
+run().then(common.mustCall());