diff --git a/lib/internal/modules/cjs/loader.js b/lib/internal/modules/cjs/loader.js
index 305a11b322012d..50fc2d418be622 100644
--- a/lib/internal/modules/cjs/loader.js
+++ b/lib/internal/modules/cjs/loader.js
@@ -673,19 +673,13 @@ Module.prototype._compile = function(content, filename) {
 
   content = stripShebang(content);
 
-  // create wrapper function
-  var wrapper = Module.wrap(content);
-
-  var compiledWrapper = vm.runInThisContext(wrapper, {
-    filename: filename,
-    lineOffset: 0,
-    displayErrors: true,
-    importModuleDynamically: experimentalModules ? async (specifier) => {
-      if (asyncESM === undefined) lazyLoadESM();
-      const loader = await asyncESM.loaderPromise;
-      return loader.import(specifier, normalizeReferrerURL(filename));
-    } : undefined,
-  });
+  const compiledWrapper = vm.compileFunction(content, [
+    'exports',
+    'require',
+    'module',
+    '__filename',
+    '__dirname',
+  ], { filename });
 
   var inspectorWrapper = null;
   if (process._breakFirstLine && process._eval == null) {