diff --git a/docs/changelog.md b/docs/changelog.md
index d9abd04bc..6daa34ab5 100644
--- a/docs/changelog.md
+++ b/docs/changelog.md
@@ -6,6 +6,12 @@ nav_order: 2
 
 # Changelog
 
+# Unreleased changes
+
+### Internals
+
+- Replace `asyncio.wait_for` with `asyncio.timeout`. For Python <3.11 a backport package is used.
+
 # 2.8.0 Hostnames 2023-04-12
 
 ### Connection
diff --git a/requirements/production.txt b/requirements/production.txt
index 0b7cc2cf2..2c3fb0cae 100644
--- a/requirements/production.txt
+++ b/requirements/production.txt
@@ -1,2 +1,3 @@
+async-timeout==4.0.2;python_version<"3.11"
 cryptography==40.0.1
 ifaddr==0.2.0
diff --git a/setup.py b/setup.py
index d8ef6753d..d4c913bde 100644
--- a/setup.py
+++ b/setup.py
@@ -12,7 +12,11 @@
 with open(path.join(THIS_DIRECTORY, "xknx/__version__.py"), encoding="utf-8") as fp:
     exec(fp.read(), VERSION)
 
-REQUIRES = ["cryptography>=35.0.0", "ifaddr>=0.1.7"]
+REQUIRES = [
+    "async_timeout>=4.0.0;python_version<'3.11'",
+    "cryptography>=35.0.0",
+    "ifaddr>=0.1.7",
+]
 
 setup(
     name="xknx",
diff --git a/test/core_tests/connection_manager_test.py b/test/core_tests/connection_manager_test.py
index e48407aa3..5a87f3ac6 100644
--- a/test/core_tests/connection_manager_test.py
+++ b/test/core_tests/connection_manager_test.py
@@ -7,6 +7,7 @@
 from xknx import XKNX
 from xknx.core import XknxConnectionState, XknxConnectionType
 from xknx.io import ConnectionConfig
+from xknx.util import asyncio_timeout
 
 
 class TestConnectionManager:
@@ -108,7 +109,8 @@ async def set_connected():
         with patch("xknx.io.KNXIPInterface._start", side_effect=set_connected):
             await xknx.start()
             # wait for side_effect to finish
-            await asyncio.wait_for(xknx.connection_manager.connected.wait(), timeout=1)
+            async with asyncio_timeout(1):
+                await xknx.connection_manager.connected.wait()
             await xknx.stop()
 
     async def test_connection_information(self):
diff --git a/xknx/cemi/cemi_handler.py b/xknx/cemi/cemi_handler.py
index f095c6bbf..293586942 100644
--- a/xknx/cemi/cemi_handler.py
+++ b/xknx/cemi/cemi_handler.py
@@ -22,6 +22,7 @@
 from xknx.secure.data_secure import DataSecure
 from xknx.secure.keyring import Keyring
 from xknx.telegram import IndividualAddress, Telegram, TelegramDirection, tpci
+from xknx.util import asyncio_timeout
 
 from .cemi_frame import CEMIFrame, CEMILData
 from .const import CEMIMessageCode
@@ -77,10 +78,8 @@ async def send_telegram(self, telegram: Telegram) -> None:
             raise ex
 
         try:
-            await asyncio.wait_for(
-                self._l_data_confirmation_event.wait(),
-                timeout=REQUEST_TO_CONFIRMATION_TIMEOUT,
-            )
+            async with asyncio_timeout(REQUEST_TO_CONFIRMATION_TIMEOUT):
+                await self._l_data_confirmation_event.wait()
         except asyncio.TimeoutError:
             self.xknx.connection_manager.cemi_count_outgoing_error += 1
             raise ConfirmationError(
diff --git a/xknx/core/value_reader.py b/xknx/core/value_reader.py
index c58c933da..9e15ebd33 100644
--- a/xknx/core/value_reader.py
+++ b/xknx/core/value_reader.py
@@ -16,6 +16,7 @@
 from xknx.telegram import Telegram
 from xknx.telegram.address import GroupAddress, InternalGroupAddress
 from xknx.telegram.apci import GroupValueRead, GroupValueResponse, GroupValueWrite
+from xknx.util import asyncio_timeout
 
 if TYPE_CHECKING:
     from xknx.xknx import XKNX
@@ -49,10 +50,8 @@ async def read(self) -> Telegram | None:
         await self.send_group_read()
 
         try:
-            await asyncio.wait_for(
-                self.response_received_event.wait(),
-                timeout=self.timeout_in_seconds,
-            )
+            async with asyncio_timeout(self.timeout_in_seconds):
+                await self.response_received_event.wait()
         except asyncio.TimeoutError:
             logger.warning(
                 "Error: KNX bus did not respond in time (%s secs) to GroupValueRead request for: %s",
diff --git a/xknx/io/gateway_scanner.py b/xknx/io/gateway_scanner.py
index 3eb0a479c..1d2bad9a5 100644
--- a/xknx/io/gateway_scanner.py
+++ b/xknx/io/gateway_scanner.py
@@ -35,6 +35,7 @@
     TunnelingSlotStatus,
 )
 from xknx.telegram import IndividualAddress
+from xknx.util import asyncio_timeout
 
 from .transport import UDPTransport
 
@@ -266,10 +267,8 @@ async def _scan(
         )
         try:
             await self._send_search_requests(udp_transport=udp_transport)
-            await asyncio.wait_for(
-                self._response_received_event.wait(),
-                timeout=self.timeout_in_seconds,
-            )
+            async with asyncio_timeout(self.timeout_in_seconds):
+                await self._response_received_event.wait()
         except asyncio.TimeoutError:
             pass
         except asyncio.CancelledError:
diff --git a/xknx/io/ip_secure.py b/xknx/io/ip_secure.py
index d58194a91..326a7b405 100644
--- a/xknx/io/ip_secure.py
+++ b/xknx/io/ip_secure.py
@@ -37,6 +37,7 @@
     generate_ecdh_key_pair,
 )
 from xknx.secure.util import bytes_xor, sha256_hash
+from xknx.util import asyncio_timeout
 
 from .const import SESSION_KEEPALIVE_RATE, XKNX_SERIAL_NUMBER
 from .request_response import Authenticate, Session
@@ -672,13 +673,11 @@ async def synchronize(self) -> None:
         self._expected_notify_handler = message_tag, waiter_fut
         self.send_timer_notify(message_tag=message_tag)
         try:
-            timer_value = await asyncio.wait_for(
-                waiter_fut,
-                timeout=(  # 3.3 seconds at latency_ms=1000, sync_latency_fraction=10%
-                    self.max_delay_time_follower_update_notify
-                    + 2 * self.latency_tolerance_ms / 1000
-                ),
-            )
+            async with asyncio_timeout(  # 3.3 seconds at latency_ms=1000, sync_latency_fraction=10%
+                self.max_delay_time_follower_update_notify
+                + 2 * self.latency_tolerance_ms / 1000
+            ):
+                timer_value = await waiter_fut
             self.update(new_value=timer_value)
         except asyncio.TimeoutError:
             # use highest received timer value of TimerNotify or SecureWrapper frames
diff --git a/xknx/io/request_response/request_response.py b/xknx/io/request_response/request_response.py
index 85db907fa..f2ffd17bd 100644
--- a/xknx/io/request_response/request_response.py
+++ b/xknx/io/request_response/request_response.py
@@ -11,6 +11,7 @@
 from xknx.exceptions import CommunicationError
 from xknx.io.transport import KNXIPTransport
 from xknx.knxip import HPAI, ErrorCode, KNXIPBody, KNXIPBodyResponse, KNXIPFrame
+from xknx.util import asyncio_timeout
 
 logger = logging.getLogger("xknx.log")
 
@@ -44,10 +45,8 @@ async def start(self) -> None:
         )
         try:
             await self.send_request()
-            await asyncio.wait_for(
-                self.response_received_event.wait(),
-                timeout=self.timeout_in_seconds,
-            )
+            async with asyncio_timeout(self.timeout_in_seconds):
+                await self.response_received_event.wait()
         except asyncio.TimeoutError:
             logger.debug(
                 "Error: KNX bus did not respond in time (%s secs) to request of type '%s'",
diff --git a/xknx/io/self_description.py b/xknx/io/self_description.py
index e0b42b8b1..16317c904 100644
--- a/xknx/io/self_description.py
+++ b/xknx/io/self_description.py
@@ -19,6 +19,7 @@
     SearchRequestExtended,
     SearchResponseExtended,
 )
+from xknx.util import asyncio_timeout
 
 from .const import DEFAULT_MCAST_PORT
 from .transport import UDPTransport
@@ -128,10 +129,8 @@ async def start(self) -> None:
         frame = self.create_knxipframe()
         try:
             self.transport.send(frame)
-            await asyncio.wait_for(
-                self.response_received_event.wait(),
-                timeout=DESCRIPTION_TIMEOUT,
-            )
+            async with asyncio_timeout(DESCRIPTION_TIMEOUT):
+                await self.response_received_event.wait()
         except asyncio.TimeoutError:
             logger.debug(
                 "Error: KNX bus did not respond in time (%s secs) to request of type '%s'",
diff --git a/xknx/management/management.py b/xknx/management/management.py
index 43c125e37..8a27b54bc 100644
--- a/xknx/management/management.py
+++ b/xknx/management/management.py
@@ -17,6 +17,7 @@
 from xknx.telegram import IndividualAddress, Telegram
 from xknx.telegram.apci import APCI
 from xknx.telegram.tpci import TAck, TConnect, TDataConnected, TDisconnect, TNak
+from xknx.util import asyncio_timeout
 
 if TYPE_CHECKING:
     from xknx.xknx import XKNX
@@ -242,7 +243,8 @@ async def _send_data(self, payload: APCI) -> None:
         )
         try:
             await self.xknx.cemi_handler.send_telegram(telegram)
-            ack = await asyncio.wait_for(self._ack_waiter, MANAGAMENT_ACK_TIMEOUT)
+            async with asyncio_timeout(MANAGAMENT_ACK_TIMEOUT):
+                ack = await self._ack_waiter
         except asyncio.TimeoutError:
             logger.info(
                 "%s: timeout while waiting for ACK. Resending Telegram.", self.address
@@ -252,7 +254,8 @@ async def _send_data(self, payload: APCI) -> None:
             self._ack_waiter = asyncio.get_event_loop().create_future()
             await self.xknx.cemi_handler.send_telegram(telegram)
             try:
-                ack = await asyncio.wait_for(self._ack_waiter, MANAGAMENT_ACK_TIMEOUT)
+                async with asyncio_timeout(MANAGAMENT_ACK_TIMEOUT):
+                    ack = await self._ack_waiter
             except asyncio.TimeoutError:
                 raise ManagementConnectionTimeout(
                     "No ACK received for repeated telegram."
@@ -278,9 +281,8 @@ async def _send_data(self, payload: APCI) -> None:
     async def _receive(self, expected_payload: type[APCI] | None) -> Telegram:
         """Wait for a telegram from the KNX device."""
         try:
-            telegram = await asyncio.wait_for(
-                self._response_waiter, timeout=MANAGAMENT_CONNECTION_TIMEOUT
-            )
+            async with asyncio_timeout(MANAGAMENT_CONNECTION_TIMEOUT):
+                telegram = await self._response_waiter
         except asyncio.TimeoutError:
             raise ManagementConnectionTimeout(
                 f"Timeout while waiting for {expected_payload}"
diff --git a/xknx/util/__init__.py b/xknx/util/__init__.py
new file mode 100644
index 000000000..79d804904
--- /dev/null
+++ b/xknx/util/__init__.py
@@ -0,0 +1,12 @@
+"""Helper functions for XKNX."""
+import sys
+
+# Backport of `asyncio.timeout` to be able to replace `asyncio.wait_for`
+# in py3.9 and py3.10 see https://github.com/python/cpython/pull/98518
+if sys.version_info[:2] < (3, 11):
+    from async_timeout import timeout as asyncio_timeout
+else:
+    from asyncio import timeout as asyncio_timeout
+
+
+__all__ = ["asyncio_timeout"]