diff --git a/test/test_callback.py b/test/test_callback.py
index 09c443c504b..242fef6443e 100644
--- a/test/test_callback.py
+++ b/test/test_callback.py
@@ -29,6 +29,13 @@ def cb(tensor):
     callback.on_ready_callback(c, cb)
     event.wait(3)
 
+  def test_callback_event(self):
+    c = self.executable()
+    c_ready_event = callback.on_ready_event(c)
+    c_ready_event.wait(3)
+    self.assertNotIn("Data Handle: None",
+                     torch_xla._XLAC._get_xla_tensor_debug_info(c))
+
 
 if __name__ == "__main__":
   absltest.main()
diff --git a/torch_xla/experimental/callback.py b/torch_xla/experimental/callback.py
index 363620f7867..93152390acc 100644
--- a/torch_xla/experimental/callback.py
+++ b/torch_xla/experimental/callback.py
@@ -1,6 +1,7 @@
 from typing import Callable
 import torch
 import torch_xla
+import threading
 
 
 def on_ready_callback(tensor, callback: Callable[[torch.Tensor], None]):
@@ -15,3 +16,19 @@ def _callback_wrapper():
     callback(tensor)
 
   torch_xla._XLAC._on_ready_callback(tensor, _callback_wrapper)
+
+
+def on_ready_event(tensor: torch.Tensor) -> threading.Event:
+  """Return a python threading.event that will be set once underlying
+  tensor buffer is ready.
+
+  Args:
+    tensor: tensor that the event will be blocked on
+  """
+  ready_event = threading.Event()
+
+  def _callback_wrapper():
+    ready_event.set()
+
+  torch_xla._XLAC._on_ready_callback(tensor, _callback_wrapper)
+  return ready_event