diff --git a/metaquot/ppxlib_metaquot.ml b/metaquot/ppxlib_metaquot.ml
index 1de3eeff4..d4d3ae9e5 100644
--- a/metaquot/ppxlib_metaquot.ml
+++ b/metaquot/ppxlib_metaquot.ml
@@ -11,6 +11,19 @@ type quoted_attributes = {
          attributes are placed on, e.g. pexp_attributes. *)
 }
 
+let coalesce_arity (input : expression) result =
+  match input with
+  | { pexp_desc = Pexp_function _; pexp_loc = loc; _ } ->
+      let ppxlib_coalesce_arity =
+        Ldot
+          ( Ldot (Ldot (Lident "Ppxlib", "Ast_builder"), "Default"),
+            "coalesce_arity" )
+      in
+      pexp_apply ~loc
+        (pexp_ident ~loc { txt = ppxlib_coalesce_arity; loc })
+        [ (Nolabel, result) ]
+  | _ -> result
+
 module Make (M : sig
   type result
 
@@ -33,6 +46,7 @@ module Make (M : sig
   val location : location -> result
   val location_stack : (location -> result) option
   val attributes : (location -> result) option
+  val coalesce : (expression -> result -> result) option
 
   class std_lifters : location -> [result] Ppxlib_traverse_builtins.std_lifters
 end) =
@@ -68,8 +82,8 @@ struct
         | Some f -> f loc
 
       method! expression e =
-        match e.pexp_desc with
-        | Pexp_extension (({ txt = "e"; _ }, _) as ext) ->
+        match (M.coalesce, e.pexp_desc) with
+        | _, Pexp_extension (({ txt = "e"; _ }, _) as ext) ->
             let attributes =
               {
                 quoted_attributes = e.pexp_attributes;
@@ -77,7 +91,8 @@ struct
               }
             in
             M.cast self ext (Some attributes) ~type_name:"expression"
-        | _ -> super#expression e
+        | Some f, _ -> f e (super#expression e)
+        | None, _ -> super#expression e
 
       method! pattern p =
         match p.ppat_desc with
@@ -149,6 +164,7 @@ module Expr = Make (struct
   let location loc = evar ~loc:{ loc with loc_ghost = true } "loc"
   let location_stack = None
   let attributes = None
+  let coalesce = Some coalesce_arity
 
   class std_lifters = Ppxlib_metaquot_lifters.expression_lifters
 
@@ -228,6 +244,7 @@ module Patt = Make (struct
     Some (fun loc -> ppat_any ~loc:{ loc with loc_ghost = true })
 
   let attributes = Some (fun loc -> ppat_any ~loc:{ loc with loc_ghost = true })
+  let coalesce = None
 
   class std_lifters = Ppxlib_metaquot_lifters.pattern_lifters
 
diff --git a/src/ast_builder.ml b/src/ast_builder.ml
index 459270e8b..b1642a641 100644
--- a/src/ast_builder.ml
+++ b/src/ast_builder.ml
@@ -68,6 +68,22 @@ module Default = struct
 
   (*-------------------------------------------------------*)
 
+  let coalesce_arity e =
+    match e.pexp_desc with
+    (* We stop coalescing parameters if there is a constraint on the result of a function
+       (i.e [fun x y : T -> ...] or the body is a function_case. *)
+    | Pexp_function (_, Some _, _) | Pexp_function (_, _, Pfunction_cases _) ->
+        e
+    | Pexp_function
+        (params1, None, Pfunction_body ({ pexp_attributes = []; _ } as body1))
+      -> (
+        match body1.pexp_desc with
+        | Pexp_function (params2, constraint_, body2) ->
+            Latest.pexp_function ~loc:e.pexp_loc (params1 @ params2) constraint_
+              body2
+        | _ -> e)
+    | _ -> e
+
   let pstr_value_list ~loc rec_flag = function
     | [] -> []
     | vbs -> [ pstr_value ~loc rec_flag vbs ]
diff --git a/src/ast_builder.mli b/src/ast_builder.mli
index e2190eaca..42749f804 100644
--- a/src/ast_builder.mli
+++ b/src/ast_builder.mli
@@ -74,6 +74,14 @@ module Default : sig
   (** [pexp_function_cases] builds an expression in the shape
       [function C1 -> E1 | ...]. *)
 
+  val coalesce_arity : expression -> expression
+  (** [coalesce_arity e] will produce a maximum arity function from an
+      expression.
+
+      For example, [fun x -> fun y -> x + y] becomes [fun x y -> x + y]. Since
+      OCaml 5.2, these two functions have a different {! Parsetree}
+      representation. *)
+
   val constructor_declaration :
     loc:location ->
     name:label loc ->
diff --git a/test/metaquot/test.ml b/test/metaquot/test.ml
index 6e4ac5c02..b33049e81 100644
--- a/test/metaquot/test.ml
+++ b/test/metaquot/test.ml
@@ -602,3 +602,16 @@ Line _, characters 36-38:
 Error: This expression should not be a unit literal, the expected type is
        Ppxlib_ast.Ast.module_type
 |}]
+
+(* Coalescing arguments from [fun x -> fun y -> fun z -> ...] to
+   [fun x y z -> ...] *)
+let _ =
+  let e = [%expr fun z -> x + y + z] in
+  let f = [%expr fun y -> [%e e]] in
+  let func = [%expr fun x -> [%e f]] in
+  Format.asprintf "%a" Pprintast.expression func
+
+
+[%%expect{|
+- : string = "fun x y z -> (x + y) + z"
+|}]
diff --git a/traverse/ppxlib_traverse.ml b/traverse/ppxlib_traverse.ml
index 48e21caf7..eaba6c1dc 100644
--- a/traverse/ppxlib_traverse.ml
+++ b/traverse/ppxlib_traverse.ml
@@ -520,11 +520,26 @@ let gen_mapper ~(what : what) td =
         | None -> what#any ~loc
         | Some te -> type_expr_mapper ~what te)
   in
-  List.fold_right td.ptype_params ~init:body ~f:(fun (ty, _) acc ->
-      let loc = ty.ptyp_loc in
-      match ty.ptyp_desc with
-      | Ptyp_var s -> pexp_fun ~loc Nolabel None (pvar ~loc ("_" ^ s)) acc
-      | _ -> pexp_fun ~loc Nolabel None (ppat_any ~loc) acc)
+  let params =
+    List.map
+      ~f:(fun (ty, _) ->
+        let loc = ty.ptyp_loc in
+        let desc =
+          match ty.ptyp_desc with
+          | Ptyp_var s -> pvar ~loc ("_" ^ s)
+          | _ -> ppat_any ~loc
+        in
+        let pparam_desc = Pparam_val (Nolabel, None, desc) in
+        { pparam_loc = loc; pparam_desc })
+      td.ptype_params
+  in
+  let pexp_desc = Pexp_function (params, None, Pfunction_body body) in
+  {
+    pexp_desc;
+    pexp_loc = td.ptype_loc;
+    pexp_loc_stack = [];
+    pexp_attributes = [];
+  }
 
 let type_deps =
   let collect =