diff --git a/migration/multifd.c b/migration/multifd.c
index 67e39593a7..776f963436 100644
--- a/migration/multifd.c
+++ b/migration/multifd.c
@@ -731,7 +731,11 @@ static void multifd_tls_outgoing_handshake(QIOTask *task,
     QIOChannel *ioc = QIO_CHANNEL(qio_task_get_source(task));
     Error *err = NULL;
 
-    qio_task_propagate_error(task, &err);
+    if (qio_task_propagate_error(task, &err)) {
+        trace_multifd_tls_outgoing_handshake_error(ioc, error_get_pretty(err));
+    } else {
+        trace_multifd_tls_outgoing_handshake_complete(ioc);
+    }
     multifd_channel_connect(p, ioc, err);
 }
 
@@ -748,6 +752,7 @@ static void multifd_tls_channel_connect(MultiFDSendParams *p,
         return;
     }
 
+    trace_multifd_tls_outgoing_handshake_start(ioc, tioc, hostname);
     qio_channel_set_name(QIO_CHANNEL(tioc), "multifd-tls-outgoing");
     qio_channel_tls_handshake(tioc,
                               multifd_tls_outgoing_handshake,
@@ -763,6 +768,9 @@ static bool multifd_channel_connect(MultiFDSendParams *p,
 {
     MigrationState *s = migrate_get_current();
 
+    trace_multifd_set_outgoing_channel(
+        ioc, object_get_typename(OBJECT(ioc)), p->tls_hostname, error);
+
     if (!error) {
         if (s->parameters.tls_creds &&
             *s->parameters.tls_creds &&
diff --git a/migration/trace-events b/migration/trace-events
index 597a470b9d..338f38b3dd 100644
--- a/migration/trace-events
+++ b/migration/trace-events
@@ -129,6 +129,10 @@ multifd_send_sync_main_wait(uint8_t id) "channel %d"
 multifd_send_terminate_threads(bool error) "error %d"
 multifd_send_thread_end(uint8_t id, uint64_t packets, uint64_t pages) "channel %d packets %" PRIu64 " pages %"  PRIu64
 multifd_send_thread_start(uint8_t id) "%d"
+multifd_tls_outgoing_handshake_start(void *ioc, void *tioc, const char *hostname) "ioc=%p tioc=%p hostname=%s"
+multifd_tls_outgoing_handshake_error(void *ioc, const char *err) "ioc=%p err=%s"
+multifd_tls_outgoing_handshake_complete(void *ioc) "ioc=%p"
+multifd_set_outgoing_channel(void *ioc, const char *ioctype, const char *hostname, void *err)  "ioc=%p ioctype=%s hostname=%s err=%p"
 
 # migration.c
 await_return_path_close_on_source_close(void) ""