diff --git a/ext/libxml/libxml.c b/ext/libxml/libxml.c
index d09ec299ff3c..285c8ecb9f38 100644
--- a/ext/libxml/libxml.c
+++ b/ext/libxml/libxml.c
@@ -1041,7 +1041,10 @@ static PHP_RINIT_FUNCTION(libxml)
 static PHP_RSHUTDOWN_FUNCTION(libxml)
 {
 	if (ZEND_FCC_INITIALIZED(LIBXML(entity_loader_callback))) {
-		zend_fcc_dtor(&LIBXML(entity_loader_callback));
+		/* Detach before destruction, as destroying the callback may bail out. */
+		zend_fcall_info_cache old_fcc = LIBXML(entity_loader_callback);
+		LIBXML(entity_loader_callback) = empty_fcall_info_cache;
+		zend_fcc_dtor(&old_fcc);
 	}
 
 	return SUCCESS;
@@ -1261,13 +1264,18 @@ PHP_FUNCTION(libxml_set_external_entity_loader)
 		Z_PARAM_FUNC_NO_TRAMPOLINE_FREE_OR_NULL(fci, fcc)
 	ZEND_PARSE_PARAMETERS_END();
 
-	/* Unset old callback if it's defined */
-	if (ZEND_FCC_INITIALIZED(LIBXML(entity_loader_callback))) {
-		zend_fcc_dtor(&LIBXML(entity_loader_callback));
-	}
+	/* Detach the old callback before destruction, which may re-enter this function. */
+	zend_fcall_info_cache old_fcc = LIBXML(entity_loader_callback);
+	LIBXML(entity_loader_callback) = empty_fcall_info_cache;
+
 	if (ZEND_FCI_INITIALIZED(fci)) { /* argument not null */
 		zend_fcc_dup(&LIBXML(entity_loader_callback), &fcc);
 	}
+
+	/* Destroy only after installing the replacement so re-entrant changes are preserved. */
+	if (ZEND_FCC_INITIALIZED(old_fcc)) {
+		zend_fcc_dtor(&old_fcc);
+	}
 	RETURN_TRUE;
 }
 /* }}} */
diff --git a/ext/libxml/tests/libxml_entity_loader_bailout.phpt b/ext/libxml/tests/libxml_entity_loader_bailout.phpt
new file mode 100644
index 000000000000..2b6ab483bb7b
--- /dev/null
+++ b/ext/libxml/tests/libxml_entity_loader_bailout.phpt
@@ -0,0 +1,38 @@
+--TEST--
+GH-24763: libxml external entity loader is detached before callback destruction bailout
+--EXTENSIONS--
+libxml
+zend_test
+--FILE--
+<?php
+
+class Bailout
+{
+    public function __destruct()
+    {
+        zend_trigger_bailout();
+    }
+}
+
+$bailout = new Bailout();
+
+$loader = function () use ($bailout) {
+};
+
+unset($bailout);
+
+register_shutdown_function(function () {
+    var_dump(libxml_get_external_entity_loader());
+});
+
+libxml_set_external_entity_loader($loader);
+unset($loader);
+
+libxml_set_external_entity_loader(null);
+
+echo "UNREACHABLE\n";
+
+?>
+--EXPECTF--
+Fatal error: Bailout in %s on line %d
+NULL
diff --git a/ext/libxml/tests/libxml_entity_loader_reentrant_replace.phpt b/ext/libxml/tests/libxml_entity_loader_reentrant_replace.phpt
new file mode 100644
index 000000000000..e0879a5fb65a
--- /dev/null
+++ b/ext/libxml/tests/libxml_entity_loader_reentrant_replace.phpt
@@ -0,0 +1,33 @@
+--TEST--
+libxml external entity loader replacement is safe against destructor reentrancy
+--EXTENSIONS--
+libxml
+--FILE--
+<?php
+
+class D
+{
+    public function __destruct()
+    {
+        libxml_set_external_entity_loader(fn() => null);
+    }
+}
+
+$d = new D();
+
+$oldLoader = function () use ($d) {
+};
+
+unset($d);
+
+libxml_set_external_entity_loader($oldLoader);
+unset($oldLoader);
+
+libxml_set_external_entity_loader(fn() => 1);
+
+$loader = libxml_get_external_entity_loader();
+var_dump($loader());
+
+?>
+--EXPECT--
+NULL