diff --git a/lib/flame/pool.ex b/lib/flame/pool.ex
index 6a13397..37e10a5 100644
--- a/lib/flame/pool.ex
+++ b/lib/flame/pool.ex
@@ -514,30 +514,51 @@ defmodule FLAME.Pool do
     end
   end
 
+  defp await_downs(child_pids) do
+    if MapSet.size(child_pids) == 0 do
+      :ok
+    else
+      receive do
+        {:DOWN, _ref, :process, pid, _reason} -> await_downs(MapSet.delete(child_pids, pid))
+      end
+    end
+  end
+
   defp replace_caller(%Pool{} = state, checkout_ref, caller_pid, [_ | _] = child_pids) do
-    # replace caller with child pids and increase concurrency counts for the runner
+    # replace caller with child pid and do not inc concurrency counts since we are replacing
     %{^caller_pid => %Caller{checkout_ref: ^checkout_ref} = caller} = state.callers
     Process.demonitor(caller.monitor_ref, [:flush])
 
-    new_callers = Map.delete(state.callers, caller_pid)
+    # if we have more than 1 child pid, such as for multiple trackables returned for a single
+    # call, we monitor all of them under a new process and the new process takes the slot in the
+    # pool. When all trackables are finished, the new process goes down and frees the slot.
+    child_pid =
+      case child_pids do
+        [child_pid] ->
+          child_pid
+
+        [_ | _] ->
+          {:ok, child_pid} =
+            Task.Supervisor.start_child(state.task_sup, fn ->
+              Enum.each(child_pids, &Process.monitor(&1))
+              await_downs(MapSet.new(child_pids))
+            end)
+
+          child_pid
+      end
+
+    new_caller = %Caller{
+      checkout_ref: checkout_ref,
+      monitor_ref: Process.monitor(child_pid),
+      runner_ref: caller.runner_ref
+    }
 
     new_callers =
-      Enum.reduce(child_pids, new_callers, fn child_pid, acc ->
-        new_caller = %Caller{
-          checkout_ref: checkout_ref,
-          monitor_ref: Process.monitor(child_pid),
-          runner_ref: caller.runner_ref
-        }
-
-        Map.put(acc, child_pid, new_caller)
-      end)
+      state.callers
+      |> Map.delete(caller_pid)
+      |> Map.put(child_pid, new_caller)
 
-    inc_runner_count(
-      %Pool{state | callers: new_callers},
-      caller.runner_ref,
-      # subtract 1 because the caller we are replacing is already in the count
-      length(child_pids) - 1
-    )
+    %Pool{state | callers: new_callers}
   end
 
   defp checkin_runner(state, ref, caller_pid, reason)
@@ -687,10 +708,10 @@ defmodule FLAME.Pool do
     {runner, new_state}
   end
 
-  defp inc_runner_count(%Pool{} = state, ref, amount \\ 1) do
+  defp inc_runner_count(%Pool{} = state, ref) do
     new_runners =
       Map.update!(state.runners, ref, fn %RunnerState{} = runner ->
-        %RunnerState{runner | count: runner.count + amount}
+        %RunnerState{runner | count: runner.count + 1}
       end)
 
     %Pool{state | runners: new_runners}