diff --git a/hazelcast/internal/asyncio_reactor.py b/hazelcast/internal/asyncio_reactor.py
index 38c2060cf2..f5c7a1ad33 100644
--- a/hazelcast/internal/asyncio_reactor.py
+++ b/hazelcast/internal/asyncio_reactor.py
@@ -7,9 +7,10 @@
 import ssl
 import time
 from errno import errorcode
-from asyncio import AbstractEventLoop, transports
+from asyncio import AbstractEventLoop, transports, CancelledError
 
 from hazelcast.config import Config, SSLProtocol
+from hazelcast.errors import TargetDisconnectedError
 from hazelcast.internal.asyncio_connection import Connection
 from hazelcast.core import Address
 
@@ -69,10 +70,9 @@ def __init__(
         self._preconn_buffers: list = []
         self._create_task: asyncio.Task | None = None
         self._close_task: asyncio.Task | None = None
-        self._connect_timer_task: asyncio.Task | None = None
+        self._connect_task: asyncio.Task | None = None
         self._connected = False
         self._receive_buffer_size = _BUFFER_SIZE
-        self._sock = None
 
     @classmethod
     def create_and_connect(
@@ -97,86 +97,36 @@ def _create_protocol(self):
         return HazelcastProtocol(self)
 
     async def _create_connection(self, config, address):
-        sock = socket.socket(socket.AF_INET, socket.SOCK_STREAM)
-        sock.setblocking(False)
-        sock.settimeout(0)
-        self._set_socket_options(sock, config)
         server_hostname = None
         ssl_context = None
         if config.ssl_enabled:
             server_hostname = address.host
             ssl_context = self._create_ssl_context(config)
 
-        try:
-            self.connect(sock, (address.host, address.port))
-        except socket.error as e:
-            self._inner_close()
-            raise e
-
-        self._sock = sock
-
-        res = await self._loop.create_connection(
-            self._create_protocol,
-            ssl=ssl_context,
-            server_hostname=server_hostname,
-            sock=sock,
-        )
-        self._connected = True
-
-        try:
-            sock.getpeername()
-        except OSError as err:
-            if err.errno not in (errno.ENOTCONN, errno.EINVAL):
-                raise
-            self._connected = False
-
-        sock, self._proto = res
-        sock = sock.get_extra_info("socket")
-        sockname = sock.getsockname()
-        host, port = sockname[0], sockname[1]
-        self.local_address = Address(host, port)
-        self._connect_timer_task = None
-        if not self._connected:
-            self._connect_timer_task = self._loop.create_task(
-                self._connect_retry_cb(0.01, self._sock, (address.host, address.port))
+        async def inner():
+            if not self.live:
+                return
+            res = await self._loop.create_connection(
+                self._create_protocol,
+                host=address.host,
+                port=address.port,
+                ssl=ssl_context,
+                server_hostname=server_hostname,
             )
-
-    async def _connect_retry_cb(self, timeout, sock, address):
-        await asyncio.sleep(timeout)
-        if self._connected and self._close_task:
-            self._close_task.cancel()
-            return
+            self._connected = True
+            sock, self._proto = res
+            sock = sock.get_extra_info("socket")
+            sockname = sock.getsockname()
+            host, port = sockname[0], sockname[1]
+            self.local_address = Address(host, port)
+            self._connect_task = None
+            self.handle_connect()
+
+        self._connect_task = asyncio.create_task(inner())
         try:
-            self.connect(sock, address)
-        except Exception:
-            # close task will handle closing the connection
-            return
-        if not self._connected:
-            self._connect_timer_task = self._loop.create_task(
-                self._connect_retry_cb(timeout, sock, address)
-            )
-        elif self._close_task:
-            self._close_task.cancel()
-
-    def connect(self, sock, address):
-        self._connected = False
-        err = sock.connect_ex(address)
-        if (
-            err in (errno.EINPROGRESS, errno.EALREADY, errno.EWOULDBLOCK)
-            or err == errno.EINVAL
-            and os.name == "nt"
-        ):
-            return
-        if err in (0, errno.EISCONN):
-            self.handle_connect_event(sock)
-        else:
-            raise OSError(err, errorcode[err])
-
-    def handle_connect_event(self, sock):
-        err = sock.getsockopt(socket.SOL_SOCKET, socket.SO_ERROR)
-        if err != 0:
-            raise OSError(err, _strerror(err))
-        self.handle_connect()
+            await self._connect_task
+        except CancelledError:
+            raise TargetDisconnectedError("connect_task")
 
     def handle_connect(self):
         self._connected = True
@@ -194,8 +144,8 @@ def handle_connect(self):
     async def _close_timer_cb(self, timeout):
         await asyncio.sleep(timeout)
         if not self._connected:
-            if self._connect_timer_task:
-                self._connect_timer_task.cancel()
+            if self._connect_task:
+                self._connect_task.cancel()
             await self.close_connection(None, IOError("Connection timed out"))
 
     def _write(self, buf):
@@ -210,12 +160,6 @@ def _inner_close(self):
         if self._proto:
             self._proto.close()
         self._connected = False
-        if self._sock:
-            try:
-                self._sock.close()
-            except OSError as why:
-                if why.errno not in (errno.ENOTCONN, errno.EBADF):
-                    raise
 
     def _update_read_time(self, time):
         self.last_read_time = time