diff --git a/.coveragerc b/.coveragerc
deleted file mode 100644
index 7792266b114..00000000000
--- a/.coveragerc
+++ /dev/null
@@ -1,11 +0,0 @@
-[run]
-branch = True
-source = aiohttp, tests
-omit = site-packages
-
-[report]
-exclude_also =
-    if TYPE_CHECKING
-    assert False
-    : \.\.\.(\s*#.*)?$
-    ^ +\.\.\.$
diff --git a/.coveragerc.toml b/.coveragerc.toml
new file mode 100644
index 00000000000..4ca5d2808bd
--- /dev/null
+++ b/.coveragerc.toml
@@ -0,0 +1,22 @@
+[run]
+branch = true
+# NOTE: `ctrace` tracing method is needed because the `sysmon` tracer
+# NOTE: which is default on Python 3.14, causes unprecedented slow-down
+# NOTE: of the test runs.
+# Ref: https://github.com/coveragepy/coveragepy/issues/2099
+core = 'ctrace'
+source = [
+  'aiohttp',
+  'tests',
+]
+omit = [
+  'site-packages',
+]
+
+[report]
+exclude_also = [
+  'if TYPE_CHECKING',
+  'assert False',
+  ': \.\.\.(\s*#.*)?$',
+  '^ +\.\.\.$',
+]
diff --git a/CHANGES/11826.contrib.rst b/CHANGES/11826.contrib.rst
new file mode 100644
index 00000000000..134eda601c2
--- /dev/null
+++ b/CHANGES/11826.contrib.rst
@@ -0,0 +1,7 @@
+The coverage tool is now configured using the new native
+auto-discovered :file:`.coveragerc.toml` file
+-- by :user:`webknjaz`.
+
+It is also set up to use the ``ctrace`` core that works
+around the performance issues in the ``sysmon`` tracer
+which is default under Python 3.14.
diff --git a/requirements/constraints.txt b/requirements/constraints.txt
index cacc85b18b3..7346e60072c 100644
--- a/requirements/constraints.txt
+++ b/requirements/constraints.txt
@@ -53,7 +53,7 @@ click==8.3.1
     #   slotscheck
     #   towncrier
     #   wait-for-it
-coverage==7.11.0
+coverage==7.13.0
     # via
     #   -r requirements/test-common.in
     #   pytest-cov
diff --git a/requirements/dev.txt b/requirements/dev.txt
index 61a62d3c43d..ae3cf3754af 100644
--- a/requirements/dev.txt
+++ b/requirements/dev.txt
@@ -53,7 +53,7 @@ click==8.3.1
     #   slotscheck
     #   towncrier
     #   wait-for-it
-coverage==7.11.0
+coverage==7.13.0
     # via
     #   -r requirements/test-common.in
     #   pytest-cov
diff --git a/requirements/test-common.txt b/requirements/test-common.txt
index 0bf42f990d8..e28138f80d5 100644
--- a/requirements/test-common.txt
+++ b/requirements/test-common.txt
@@ -14,7 +14,7 @@ cffi==2.0.0
     #   pytest-codspeed
 click==8.3.1
     # via wait-for-it
-coverage==7.11.0
+coverage==7.13.0
     # via
     #   -r requirements/test-common.in
     #   pytest-cov
diff --git a/requirements/test-ft.txt b/requirements/test-ft.txt
index 1063dbcbbf5..f66838a0032 100644
--- a/requirements/test-ft.txt
+++ b/requirements/test-ft.txt
@@ -27,7 +27,7 @@ cffi==2.0.0
     #   pytest-codspeed
 click==8.3.1
     # via wait-for-it
-coverage==7.11.0
+coverage==7.13.0
     # via
     #   -r requirements/test-common.in
     #   pytest-cov
diff --git a/requirements/test.txt b/requirements/test.txt
index ba343f39596..14bbb79f85e 100644
--- a/requirements/test.txt
+++ b/requirements/test.txt
@@ -27,7 +27,7 @@ cffi==2.0.0
     #   pytest-codspeed
 click==8.3.1
     # via wait-for-it
-coverage==7.11.0
+coverage==7.13.0
     # via
     #   -r requirements/test-common.in
     #   pytest-cov