diff --git a/packages/kit/src/module/install.ts b/packages/kit/src/module/install.ts
index ba16c59496..44fead197f 100644
--- a/packages/kit/src/module/install.ts
+++ b/packages/kit/src/module/install.ts
@@ -28,7 +28,9 @@ export async function installModule<
   }
 
   // Call module
-  const res = await nuxtModule(inlineOptions || {}, nuxt) ?? {}
+  const res = nuxt.options.experimental?.debugModuleMutation && nuxt._asyncLocalStorageModule
+    ? await nuxt._asyncLocalStorageModule.run(nuxtModule, () => nuxtModule(inlineOptions || {}, nuxt)) ?? {}
+    : await nuxtModule(inlineOptions || {}, nuxt) ?? {}
   if (res === false /* setup aborted */) {
     return
   }
@@ -53,6 +55,7 @@ export async function installModule<
 
   nuxt.options._installedModules.push({
     meta: defu(await nuxtModule.getMeta?.(), buildTimeModuleMeta),
+    module: nuxtModule,
     timings: res.timings,
     entryPath,
   })
diff --git a/packages/nuxt/package.json b/packages/nuxt/package.json
index 4cdc299c88..35ca8ccb68 100644
--- a/packages/nuxt/package.json
+++ b/packages/nuxt/package.json
@@ -104,6 +104,7 @@
     "nypm": "^0.5.2",
     "ofetch": "^1.4.1",
     "ohash": "^1.1.4",
+    "on-change": "^5.0.1",
     "pathe": "^2.0.2",
     "perfect-debounce": "^1.0.0",
     "pkg-types": "^1.3.1",
diff --git a/packages/nuxt/src/core/nuxt.ts b/packages/nuxt/src/core/nuxt.ts
index a5f8b06ef7..7014ba7d61 100644
--- a/packages/nuxt/src/core/nuxt.ts
+++ b/packages/nuxt/src/core/nuxt.ts
@@ -1,5 +1,6 @@
 import { existsSync } from 'node:fs'
 import { rm } from 'node:fs/promises'
+import { AsyncLocalStorage } from 'node:async_hooks'
 import { join, normalize, relative, resolve } from 'pathe'
 import { createDebugger, createHooks } from 'hookable'
 import ignore from 'ignore'
@@ -10,6 +11,7 @@ import type { PackageJson } from 'pkg-types'
 import { readPackageJSON } from 'pkg-types'
 import { hash } from 'ohash'
 import consola from 'consola'
+import onChange from 'on-change'
 import { colorize } from 'consola/utils'
 import { updateConfig } from 'c12/update'
 import { formatDate, resolveCompatibilityDatesFromEnv } from 'compatx'
@@ -53,7 +55,7 @@ export function createNuxt (options: NuxtOptions): Nuxt {
 
   const nuxt: Nuxt = {
     _version: version,
-    options,
+    _asyncLocalStorageModule: options.experimental.debugModuleMutation ? new AsyncLocalStorage() : undefined,
     hooks,
     callHook: hooks.callHook,
     addHooks: hooks.addHooks,
@@ -62,6 +64,55 @@ export function createNuxt (options: NuxtOptions): Nuxt {
     close: () => hooks.callHook('close', nuxt),
     vfs: {},
     apps: {},
+    options,
+  }
+
+  if (options.experimental.debugModuleMutation) {
+    const proxiedOptions = new WeakMap<NuxtModule, NuxtOptions>()
+
+    Object.defineProperty(nuxt, 'options', {
+      get () {
+        const currentModule = nuxt._asyncLocalStorageModule!.getStore()
+        if (!currentModule) {
+          return options
+        }
+
+        if (proxiedOptions.has(currentModule)) {
+          return proxiedOptions.get(currentModule)!
+        }
+
+        nuxt._debug ||= {}
+        nuxt._debug.moduleMutationRecords ||= []
+
+        const proxied = onChange(options, (keys, newValue, previousValue, applyData) => {
+          if (newValue === previousValue && !applyData) {
+            return
+          }
+          let value = applyData?.args ?? newValue
+          // Make a shallow copy of the value
+          if (Array.isArray(value)) {
+            value = [...value]
+          } else if (typeof value === 'object') {
+            value = { ...(value as any) }
+          }
+          nuxt._debug!.moduleMutationRecords!.push({
+            module: currentModule,
+            keys,
+            target: 'nuxt.options',
+            value,
+            timestamp: Date.now(),
+            method: applyData?.name,
+          })
+        }, {
+          ignoreUnderscores: true,
+          ignoreSymbols: true,
+          pathAsArray: true,
+        })
+
+        proxiedOptions.set(currentModule, proxied)
+        return proxied
+      },
+    })
   }
 
   hooks.hookOnce('close', () => { hooks.removeAllHooks() })
diff --git a/packages/schema/src/config/experimental.ts b/packages/schema/src/config/experimental.ts
index 90c0bc4add..bd627972a0 100644
--- a/packages/schema/src/config/experimental.ts
+++ b/packages/schema/src/config/experimental.ts
@@ -437,5 +437,14 @@ export default defineUntypedSchema({
     browserDevtoolsTiming: {
       $resolve: async (val, get) => val ?? await get('dev'),
     },
+
+    /**
+     * Record mutations to `nuxt.options` in module context
+     */
+    debugModuleMutation: {
+      $resolve: async (val, get) => {
+        return val ?? Boolean(await get('debug'))
+      },
+    },
   },
 })
diff --git a/packages/schema/src/config/internal.ts b/packages/schema/src/config/internal.ts
index 77c79bd5bc..0207964f64 100644
--- a/packages/schema/src/config/internal.ts
+++ b/packages/schema/src/config/internal.ts
@@ -25,7 +25,7 @@ export default defineUntypedSchema({
   appDir: '',
   /**
    * @private
-   * @type {Array<{ meta: ModuleMeta; timings?: Record<string, number | undefined>; entryPath?: string }>}
+   * @type {Array<{ meta: ModuleMeta; module: NuxtModule, timings?: Record<string, number | undefined>; entryPath?: string }>}
    */
   _installedModules: [],
   /** @private */
diff --git a/packages/schema/src/index.ts b/packages/schema/src/index.ts
index 8ecabf766a..40294bcdce 100644
--- a/packages/schema/src/index.ts
+++ b/packages/schema/src/index.ts
@@ -8,7 +8,7 @@ export type { AppHeadMetaObject, MetaObject, MetaObjectRaw, HeadAugmentations }
 export type { ModuleDefinition, ModuleMeta, ModuleOptions, ModuleSetupInstallResult, ModuleSetupReturn, NuxtModule, ResolvedModuleOptions } from './types/module'
 export type { Nuxt, NuxtApp, NuxtPlugin, NuxtPluginTemplate, NuxtTemplate, NuxtTypeTemplate, NuxtServerTemplate, ResolvedNuxtTemplate } from './types/nuxt'
 export type { RouterConfig, RouterConfigSerializable, RouterOptions } from './types/router'
-export type { NuxtDebugOptions } from './types/debug'
+export type { NuxtDebugContext, NuxtDebugModuleMutationRecord } from './types/debug'
 
 // Schema
 export { default as NuxtConfigSchema } from './config/index'
diff --git a/packages/schema/src/types/debug.ts b/packages/schema/src/types/debug.ts
index 9ea76b7fc0..d08b4d1530 100644
--- a/packages/schema/src/types/debug.ts
+++ b/packages/schema/src/types/debug.ts
@@ -1,4 +1,21 @@
 import type { NitroOptions } from 'nitro/types'
+import type { NuxtModule } from './module'
+
+export interface NuxtDebugContext {
+  /**
+   * Module mutation records to the `nuxt` instance.
+   */
+  moduleMutationRecords?: NuxtDebugModuleMutationRecord[]
+}
+
+export interface NuxtDebugModuleMutationRecord {
+  module: NuxtModule
+  keys: (string | symbol)[]
+  target: 'nuxt.options'
+  value: any
+  method?: string
+  timestamp: number
+}
 
 export interface NuxtDebugOptions {
   /** Debug for Nuxt templates */
diff --git a/packages/schema/src/types/nuxt.ts b/packages/schema/src/types/nuxt.ts
index ab9d1a2eeb..5e50e7adaf 100644
--- a/packages/schema/src/types/nuxt.ts
+++ b/packages/schema/src/types/nuxt.ts
@@ -1,8 +1,11 @@
+import type { AsyncLocalStorage } from 'node:async_hooks'
 import type { Hookable } from 'hookable'
 import type { Ignore } from 'ignore'
+import type { NuxtModule } from './module'
 import type { NuxtHooks, NuxtLayout, NuxtMiddleware, NuxtPage } from './hooks'
 import type { Component } from './components'
 import type { NuxtOptions } from './config'
+import type { NuxtDebugContext } from './debug'
 
 export interface NuxtPlugin {
   /** @deprecated use mode */
@@ -83,6 +86,9 @@ export interface Nuxt {
   _version: string
   _ignore?: Ignore
   _dependencies?: Set<string>
+  _debug?: NuxtDebugContext
+  /** Async local storage for current running Nuxt module instance. */
+  _asyncLocalStorageModule?: AsyncLocalStorage<NuxtModule>
 
   /** The resolved Nuxt configuration. */
   options: NuxtOptions
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 927f0cd79f..77f561f5d8 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -444,6 +444,9 @@ importers:
       ohash:
         specifier: 1.1.4
         version: 1.1.4
+      on-change:
+        specifier: ^5.0.1
+        version: 5.0.1
       pathe:
         specifier: ^2.0.2
         version: 2.0.2
@@ -6064,6 +6067,10 @@ packages:
   ohash@1.1.4:
     resolution: {integrity: sha512-FlDryZAahJmEF3VR3w1KogSEdWX3WhA5GPakFx4J81kEAiHyLMpdLLElS8n8dfNadMgAne/MywcvmogzscVt4g==}
 
+  on-change@5.0.1:
+    resolution: {integrity: sha512-n7THCP7RkyReRSLkJb8kUWoNsxUIBxTkIp3JKno+sEz6o/9AJ3w3P9fzQkITEkMwyTKJjZciF3v/pVoouxZZMg==}
+    engines: {node: '>=18'}
+
   on-finished@2.4.1:
     resolution: {integrity: sha512-oVlzkg3ENAhCk2zdv7IJwd/QUD4z2RxRwpkcGY8psCVcCYZNq4wYnVWALHM+brtuJjePWiYF/ClmuDr8Ch5+kg==}
     engines: {node: '>= 0.8'}
@@ -14067,6 +14074,8 @@ snapshots:
 
   ohash@1.1.4: {}
 
+  on-change@5.0.1: {}
+
   on-finished@2.4.1:
     dependencies:
       ee-first: 1.1.1