diff --git a/.changeset/cool-trains-yawn.md b/.changeset/cool-trains-yawn.md
new file mode 100644
index 0000000000..d5198d118c
--- /dev/null
+++ b/.changeset/cool-trains-yawn.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: ensure internal cloning can work circular values
diff --git a/packages/svelte/src/internal/shared/clone.js b/packages/svelte/src/internal/shared/clone.js
index bfdc9af263..40a9f0724c 100644
--- a/packages/svelte/src/internal/shared/clone.js
+++ b/packages/svelte/src/internal/shared/clone.js
@@ -64,7 +64,11 @@ function clone(value, cloned, path, paths) {
 			cloned.set(value, copy);
 
 			for (let i = 0; i < value.length; i += 1) {
-				copy.push(clone(value[i], cloned, DEV ? `${path}[${i}]` : path, paths));
+				var element = value[i];
+				if (cloned.get(element) === null) {
+					cloned.set(element, copy);
+				}
+				copy.push(clone(element, cloned, DEV ? `${path}[${i}]` : path, paths));
 			}
 
 			return copy;
@@ -76,8 +80,11 @@ function clone(value, cloned, path, paths) {
 			cloned.set(value, copy);
 
 			for (var key in value) {
-				// @ts-expect-error
-				copy[key] = clone(value[key], cloned, DEV ? `${path}.${key}` : path, paths);
+				var prop = /** @type {any} */ (value[key]);
+				if (cloned.get(prop) === null) {
+					cloned.set(prop, copy);
+				}
+				copy[key] = clone(prop, cloned, DEV ? `${path}.${key}` : path, paths);
 			}
 
 			return copy;
@@ -88,6 +95,10 @@ function clone(value, cloned, path, paths) {
 		}
 
 		if (typeof (/** @type {T & { toJSON?: any } } */ (value).toJSON) === 'function') {
+			// To avoid cycles set the clone to null, so if we encounter it again later we can
+			// slot in the currently copied object instead
+			// @ts-ignore
+			cloned.set(value, null);
 			return clone(
 				/** @type {T & { toJSON(): any } } */ (value).toJSON(),
 				cloned,
diff --git a/packages/svelte/tests/runtime-runes/samples/inspect-recursive-2/_config.js b/packages/svelte/tests/runtime-runes/samples/inspect-recursive-2/_config.js
new file mode 100644
index 0000000000..bfa47ecb3f
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/inspect-recursive-2/_config.js
@@ -0,0 +1,15 @@
+import { test } from '../../test';
+
+export default test({
+	compileOptions: {
+		dev: true
+	},
+
+	async test({ assert, logs }) {
+		var a = {
+			a: null
+		};
+		a.a = a;
+		assert.deepEqual(logs, ['init', { a }]);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/inspect-recursive-2/main.svelte b/packages/svelte/tests/runtime-runes/samples/inspect-recursive-2/main.svelte
new file mode 100644
index 0000000000..cd7eb8afdd
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/inspect-recursive-2/main.svelte
@@ -0,0 +1,11 @@
+<script>
+	class A {
+		toJSON(){
+			return {
+				a: this
+			}
+		}
+	}
+	const state = $state(new A());
+	$inspect(state);
+</script>