diff --git a/src/ONYXKEYS.ts b/src/ONYXKEYS.ts
index 7ad51f723369..885491bf59c8 100755
--- a/src/ONYXKEYS.ts
+++ b/src/ONYXKEYS.ts
@@ -620,6 +620,9 @@ const ONYXKEYS = {
     /** Is unreported transactions loading */
     IS_LOADING_UNREPORTED_TRANSACTIONS: 'isLoadingUnreportedTransactions',
 
+    /** Is outstanding reports loading */
+    IS_LOADING_OUTSTANDING_REPORTS: 'isLoadingOutstandingReports',
+
     /** List of transaction IDs used when navigating to prev/next transaction when viewing it in RHP */
     TRANSACTION_THREAD_NAVIGATION_TRANSACTION_IDS: 'transactionThreadNavigationTransactionIDs',
 
@@ -1364,6 +1367,7 @@ type OnyxValuesMapping = {
     [ONYXKEYS.IS_COMING_FROM_GLOBAL_REIMBURSEMENTS_FLOW]: boolean | undefined;
     [ONYXKEYS.HAS_MORE_UNREPORTED_TRANSACTIONS_RESULTS]: boolean | undefined;
     [ONYXKEYS.IS_LOADING_UNREPORTED_TRANSACTIONS]: boolean | undefined;
+    [ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS]: boolean | undefined;
     [ONYXKEYS.NVP_LAST_ECASH_IOS_LOGIN]: string;
     [ONYXKEYS.NVP_LAST_ECASH_ANDROID_LOGIN]: string;
     [ONYXKEYS.NVP_LAST_IPHONE_LOGIN]: string;
diff --git a/src/libs/API/parameters/GetOutstandingReportsParams.ts b/src/libs/API/parameters/GetOutstandingReportsParams.ts
new file mode 100644
index 000000000000..a3a6aecc5022
--- /dev/null
+++ b/src/libs/API/parameters/GetOutstandingReportsParams.ts
@@ -0,0 +1,6 @@
+type GetOutstandingReportsParams = {
+    policyID: string;
+    accountID: number;
+};
+
+export default GetOutstandingReportsParams;
diff --git a/src/libs/API/parameters/index.ts b/src/libs/API/parameters/index.ts
index bece054a0237..27e4b5ad7a8b 100644
--- a/src/libs/API/parameters/index.ts
+++ b/src/libs/API/parameters/index.ts
@@ -76,6 +76,7 @@ export type {default as ResolveActionableMentionWhisperParams} from './ResolveAc
 export type {default as ChangePolicyUberBillingAccountPageParams} from './ChangePolicyUberBillingAccountPageParams';
 export type {default as ResolveActionableReportMentionWhisperParams} from './ResolveActionableReportMentionWhisperParams';
 export type {default as RevealExpensifyCardDetailsParams} from './RevealExpensifyCardDetailsParams';
+export type {default as GetOutstandingReportsParams} from './GetOutstandingReportsParams';
 export type {default as SearchForReportsParams} from './SearchForReportsParams';
 export type {default as SearchForRoomsToMentionParams} from './SearchForRoomsToMentionParams';
 export type {default as SendPerformanceTimingParams} from './SendPerformanceTimingParams';
diff --git a/src/libs/API/types.ts b/src/libs/API/types.ts
index 3eb92f0892e4..e66fabf5d7ed 100644
--- a/src/libs/API/types.ts
+++ b/src/libs/API/types.ts
@@ -1110,6 +1110,7 @@ const READ_COMMANDS = {
     SEARCH: 'Search',
     GET_OLDER_ACTIONS: 'GetOlderActions',
     GET_NEWER_ACTIONS: 'GetNewerActions',
+    GET_OUTSTANDING_REPORTS: 'GetOutstandingReports',
     EXPAND_URL_PREVIEW: 'ExpandURLPreview',
     GET_REPORT_PRIVATE_NOTE: 'GetReportPrivateNote',
     OPEN_ROOM_MEMBERS_PAGE: 'OpenRoomMembersPage',
@@ -1190,6 +1191,7 @@ type ReadCommandParameters = {
     [READ_COMMANDS.OPEN_PLAID_BANK_ACCOUNT_SELECTOR]: Parameters.OpenPlaidBankAccountSelectorParams;
     [READ_COMMANDS.GET_OLDER_ACTIONS]: Parameters.GetOlderActionsParams;
     [READ_COMMANDS.GET_NEWER_ACTIONS]: Parameters.GetNewerActionsParams;
+    [READ_COMMANDS.GET_OUTSTANDING_REPORTS]: Parameters.GetOutstandingReportsParams;
     [READ_COMMANDS.GET_CORPAY_BANK_ACCOUNT_FIELDS]: Parameters.GetCorpayBankAccountFieldsParams;
     [READ_COMMANDS.EXPAND_URL_PREVIEW]: Parameters.ExpandURLPreviewParams;
     [READ_COMMANDS.GET_REPORT_PRIVATE_NOTE]: Parameters.GetReportPrivateNoteParams;
diff --git a/src/libs/actions/Report.ts b/src/libs/actions/Report.ts
index 5a45120de261..3fec3c8849af 100644
--- a/src/libs/actions/Report.ts
+++ b/src/libs/actions/Report.ts
@@ -23,6 +23,7 @@ import type {
     FlagCommentParams,
     GetNewerActionsParams,
     GetOlderActionsParams,
+    GetOutstandingReportsParams,
     GetReportPrivateNoteParams,
     InviteToGroupChatParams,
     InviteToRoomParams,
@@ -4534,6 +4535,55 @@ function searchInServer(searchInput: string, policyID?: string) {
     searchForReports(isOffline, searchInput, policyID);
 }
 
+/**
+ * Fetch all outstanding reports for a workspace to ensure they are available in Onyx
+ */
+function fetchOutstandingReportsForWorkspace(policyID: string, accountID: number) {
+    // We are not getting isOffline from components as useEffect change will re-trigger the search on network change
+    const isOffline = NetworkStore.isOffline();
+
+    // We do not try to make this request while offline because it sets a loading indicator optimistically
+    if (isOffline) {
+        Onyx.set(ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS, false);
+        return;
+    }
+
+    const optimisticData: Array<OnyxUpdate<typeof ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS>> = [
+        {
+            onyxMethod: Onyx.METHOD.MERGE,
+            key: ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS,
+            value: true,
+        },
+    ];
+
+    const successData: Array<OnyxUpdate<typeof ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS>> = [
+        {
+            onyxMethod: Onyx.METHOD.MERGE,
+            key: ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS,
+            value: false,
+        },
+    ];
+
+    const failureData: Array<OnyxUpdate<typeof ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS>> = [
+        {
+            onyxMethod: Onyx.METHOD.MERGE,
+            key: ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS,
+            value: false,
+        },
+    ];
+
+    const parameters: GetOutstandingReportsParams = {
+        policyID,
+        accountID,
+    };
+
+    API.read(READ_COMMANDS.GET_OUTSTANDING_REPORTS, parameters, {
+        optimisticData,
+        successData,
+        failureData,
+    });
+}
+
 function updateLastVisitTime(reportID: string) {
     if (!isValidReportIDFromPath(reportID)) {
         return;
@@ -6360,6 +6410,7 @@ export {
     saveReportActionDraft,
     saveReportDraftComment,
     searchInServer,
+    fetchOutstandingReportsForWorkspace,
     setDeleteTransactionNavigateBackUrl,
     setGroupDraft,
     setIsComposerFullSize,
diff --git a/src/pages/iou/request/step/IOURequestEditReportCommon.tsx b/src/pages/iou/request/step/IOURequestEditReportCommon.tsx
index 579d85eb012a..b56496a3478e 100644
--- a/src/pages/iou/request/step/IOURequestEditReportCommon.tsx
+++ b/src/pages/iou/request/step/IOURequestEditReportCommon.tsx
@@ -1,5 +1,5 @@
 import {createPoliciesSelector} from '@selectors/Policy';
-import React, {useCallback, useMemo, useState} from 'react';
+import React, {useCallback, useEffect, useMemo, useState} from 'react';
 import type {OnyxCollection, OnyxEntry} from 'react-native-onyx';
 import ConfirmModal from '@components/ConfirmModal';
 // eslint-disable-next-line no-restricted-imports
@@ -17,6 +17,7 @@ import useOnyx from '@hooks/useOnyx';
 import usePolicy from '@hooks/usePolicy';
 import usePolicyForMovingExpenses from '@hooks/usePolicyForMovingExpenses';
 import useReportTransactions from '@hooks/useReportTransactions';
+import {fetchOutstandingReportsForWorkspace} from '@libs/actions/Report';
 import Navigation from '@libs/Navigation/Navigation';
 import {getPersonalPolicy, isPolicyAdmin} from '@libs/PolicyUtils';
 import {
@@ -104,6 +105,8 @@ function IOURequestEditReportCommon({
 
     const [allPoliciesID] = useOnyx(ONYXKEYS.COLLECTION.POLICY, {selector: policiesSelector, canBeMissing: false});
 
+    const [isLoadingOutstandingReports] = useOnyx(ONYXKEYS.IS_LOADING_OUTSTANDING_REPORTS);
+
     const [searchValue, debouncedSearchValue, setSearchValue] = useDebouncedState('');
     const isSelectedReportUnreported = useMemo(() => !!(isUnreported ?? selectedReportID === CONST.REPORT.UNREPORTED_REPORT_ID), [isUnreported, selectedReportID]);
     const isOwner = useMemo(
@@ -126,6 +129,18 @@ function IOURequestEditReportCommon({
     const shouldShowRemoveFromReport =
         !!(selectedReportID && selectedReportID !== CONST.REPORT.UNREPORTED_REPORT_ID && selectedReport) && isEditing && isOwner && !isReportIOU && !isCardTransaction;
 
+    // Fetch all outstanding reports for the workspace when the component mounts
+    useEffect(() => {
+        const policyID = selectedPolicyID ?? selectedReport?.policyID;
+
+        if (!policyID || !resolvedReportOwnerAccountID) {
+            return;
+        }
+
+        // Fetch all outstanding reports for this policy and owner
+        fetchOutstandingReportsForWorkspace(policyID, resolvedReportOwnerAccountID);
+    }, [selectedPolicyID, selectedReport?.policyID, resolvedReportOwnerAccountID]);
+
     const expenseReports = useMemo(() => {
         // Early return if no reports are available to prevent useless loop
         if (!outstandingReportsByPolicyID || isEmptyObject(outstandingReportsByPolicyID)) {
@@ -317,6 +332,7 @@ function IOURequestEditReportCommon({
             <SelectionList
                 data={reportOptions}
                 onSelectRow={handleSelectReport}
+                isLoadingNewOptions={isLoadingOutstandingReports}
                 shouldShowTextInput={expenseReports.length >= CONST.STANDARD_LIST_ITEM_LIMIT}
                 textInputOptions={{
                     value: searchValue,