diff --git a/MAINTAINERS b/MAINTAINERS
index 6f1d230027..75dccf0b4e 100644
--- a/MAINTAINERS
+++ b/MAINTAINERS
@@ -123,6 +123,7 @@ M: Richard Henderson <richard.henderson@linaro.org>
 R: Paolo Bonzini <pbonzini@redhat.com>
 S: Maintained
 F: softmmu/cpus.c
+F: softmmu/watchpoint.c
 F: cpus-common.c
 F: page-vary.c
 F: page-vary-common.c
diff --git a/include/hw/core/cpu.h b/include/hw/core/cpu.h
index 56cbe9e678..a5aa44d12c 100644
--- a/include/hw/core/cpu.h
+++ b/include/hw/core/cpu.h
@@ -948,7 +948,7 @@ static inline bool cpu_breakpoint_test(CPUState *cpu, vaddr pc, int mask)
     return false;
 }
 
-#ifdef CONFIG_USER_ONLY
+#if !defined(CONFIG_TCG) || defined(CONFIG_USER_ONLY)
 static inline int cpu_watchpoint_insert(CPUState *cpu, vaddr addr, vaddr len,
                                         int flags, CPUWatchpoint **watchpoint)
 {
diff --git a/softmmu/meson.build b/softmmu/meson.build
index 1828db149c..0180577517 100644
--- a/softmmu/meson.build
+++ b/softmmu/meson.build
@@ -8,7 +8,8 @@ specific_ss.add(when: 'CONFIG_SOFTMMU', if_true: [files(
 )])
 
 specific_ss.add(when: ['CONFIG_SOFTMMU', 'CONFIG_TCG'], if_true: [files(
-  'icount.c'
+  'icount.c',
+  'watchpoint.c',
 )])
 
 softmmu_ss.add(files(
diff --git a/softmmu/physmem.c b/softmmu/physmem.c
index cb998cdf23..df54b917a9 100644
--- a/softmmu/physmem.c
+++ b/softmmu/physmem.c
@@ -781,197 +781,6 @@ AddressSpace *cpu_get_address_space(CPUState *cpu, int asidx)
     return cpu->cpu_ases[asidx].as;
 }
 
-/* Add a watchpoint.  */
-int cpu_watchpoint_insert(CPUState *cpu, vaddr addr, vaddr len,
-                          int flags, CPUWatchpoint **watchpoint)
-{
-    CPUWatchpoint *wp;
-    vaddr in_page;
-
-    /* forbid ranges which are empty or run off the end of the address space */
-    if (len == 0 || (addr + len - 1) < addr) {
-        error_report("tried to set invalid watchpoint at %"
-                     VADDR_PRIx ", len=%" VADDR_PRIu, addr, len);
-        return -EINVAL;
-    }
-    wp = g_malloc(sizeof(*wp));
-
-    wp->vaddr = addr;
-    wp->len = len;
-    wp->flags = flags;
-
-    /* keep all GDB-injected watchpoints in front */
-    if (flags & BP_GDB) {
-        QTAILQ_INSERT_HEAD(&cpu->watchpoints, wp, entry);
-    } else {
-        QTAILQ_INSERT_TAIL(&cpu->watchpoints, wp, entry);
-    }
-
-    in_page = -(addr | TARGET_PAGE_MASK);
-    if (len <= in_page) {
-        tlb_flush_page(cpu, addr);
-    } else {
-        tlb_flush(cpu);
-    }
-
-    if (watchpoint)
-        *watchpoint = wp;
-    return 0;
-}
-
-/* Remove a specific watchpoint.  */
-int cpu_watchpoint_remove(CPUState *cpu, vaddr addr, vaddr len,
-                          int flags)
-{
-    CPUWatchpoint *wp;
-
-    QTAILQ_FOREACH(wp, &cpu->watchpoints, entry) {
-        if (addr == wp->vaddr && len == wp->len
-                && flags == (wp->flags & ~BP_WATCHPOINT_HIT)) {
-            cpu_watchpoint_remove_by_ref(cpu, wp);
-            return 0;
-        }
-    }
-    return -ENOENT;
-}
-
-/* Remove a specific watchpoint by reference.  */
-void cpu_watchpoint_remove_by_ref(CPUState *cpu, CPUWatchpoint *watchpoint)
-{
-    QTAILQ_REMOVE(&cpu->watchpoints, watchpoint, entry);
-
-    tlb_flush_page(cpu, watchpoint->vaddr);
-
-    g_free(watchpoint);
-}
-
-/* Remove all matching watchpoints.  */
-void cpu_watchpoint_remove_all(CPUState *cpu, int mask)
-{
-    CPUWatchpoint *wp, *next;
-
-    QTAILQ_FOREACH_SAFE(wp, &cpu->watchpoints, entry, next) {
-        if (wp->flags & mask) {
-            cpu_watchpoint_remove_by_ref(cpu, wp);
-        }
-    }
-}
-
-#ifdef CONFIG_TCG
-/* Return true if this watchpoint address matches the specified
- * access (ie the address range covered by the watchpoint overlaps
- * partially or completely with the address range covered by the
- * access).
- */
-static inline bool watchpoint_address_matches(CPUWatchpoint *wp,
-                                              vaddr addr, vaddr len)
-{
-    /* We know the lengths are non-zero, but a little caution is
-     * required to avoid errors in the case where the range ends
-     * exactly at the top of the address space and so addr + len
-     * wraps round to zero.
-     */
-    vaddr wpend = wp->vaddr + wp->len - 1;
-    vaddr addrend = addr + len - 1;
-
-    return !(addr > wpend || wp->vaddr > addrend);
-}
-
-/* Return flags for watchpoints that match addr + prot.  */
-int cpu_watchpoint_address_matches(CPUState *cpu, vaddr addr, vaddr len)
-{
-    CPUWatchpoint *wp;
-    int ret = 0;
-
-    QTAILQ_FOREACH(wp, &cpu->watchpoints, entry) {
-        if (watchpoint_address_matches(wp, addr, len)) {
-            ret |= wp->flags;
-        }
-    }
-    return ret;
-}
-
-/* Generate a debug exception if a watchpoint has been hit.  */
-void cpu_check_watchpoint(CPUState *cpu, vaddr addr, vaddr len,
-                          MemTxAttrs attrs, int flags, uintptr_t ra)
-{
-    CPUClass *cc = CPU_GET_CLASS(cpu);
-    CPUWatchpoint *wp;
-
-    assert(tcg_enabled());
-    if (cpu->watchpoint_hit) {
-        /*
-         * We re-entered the check after replacing the TB.
-         * Now raise the debug interrupt so that it will
-         * trigger after the current instruction.
-         */
-        qemu_mutex_lock_iothread();
-        cpu_interrupt(cpu, CPU_INTERRUPT_DEBUG);
-        qemu_mutex_unlock_iothread();
-        return;
-    }
-
-    if (cc->tcg_ops->adjust_watchpoint_address) {
-        /* this is currently used only by ARM BE32 */
-        addr = cc->tcg_ops->adjust_watchpoint_address(cpu, addr, len);
-    }
-    QTAILQ_FOREACH(wp, &cpu->watchpoints, entry) {
-        if (watchpoint_address_matches(wp, addr, len)
-            && (wp->flags & flags)) {
-            if (replay_running_debug()) {
-                /*
-                 * replay_breakpoint reads icount.
-                 * Force recompile to succeed, because icount may
-                 * be read only at the end of the block.
-                 */
-                if (!cpu->can_do_io) {
-                    /* Force execution of one insn next time.  */
-                    cpu->cflags_next_tb = 1 | CF_LAST_IO | CF_NOIRQ | curr_cflags(cpu);
-                    cpu_loop_exit_restore(cpu, ra);
-                }
-                /*
-                 * Don't process the watchpoints when we are
-                 * in a reverse debugging operation.
-                 */
-                replay_breakpoint();
-                return;
-            }
-            if (flags == BP_MEM_READ) {
-                wp->flags |= BP_WATCHPOINT_HIT_READ;
-            } else {
-                wp->flags |= BP_WATCHPOINT_HIT_WRITE;
-            }
-            wp->hitaddr = MAX(addr, wp->vaddr);
-            wp->hitattrs = attrs;
-
-            if (wp->flags & BP_CPU && cc->tcg_ops->debug_check_watchpoint &&
-                !cc->tcg_ops->debug_check_watchpoint(cpu, wp)) {
-                wp->flags &= ~BP_WATCHPOINT_HIT;
-                continue;
-            }
-            cpu->watchpoint_hit = wp;
-
-            mmap_lock();
-            /* This call also restores vCPU state */
-            tb_check_watchpoint(cpu, ra);
-            if (wp->flags & BP_STOP_BEFORE_ACCESS) {
-                cpu->exception_index = EXCP_DEBUG;
-                mmap_unlock();
-                cpu_loop_exit(cpu);
-            } else {
-                /* Force execution of one insn next time.  */
-                cpu->cflags_next_tb = 1 | CF_LAST_IO | CF_NOIRQ | curr_cflags(cpu);
-                mmap_unlock();
-                cpu_loop_exit_noexc(cpu);
-            }
-        } else {
-            wp->flags &= ~BP_WATCHPOINT_HIT;
-        }
-    }
-}
-
-#endif /* CONFIG_TCG */
-
 /* Called from RCU critical section */
 static RAMBlock *qemu_get_ram_block(ram_addr_t addr)
 {
diff --git a/softmmu/watchpoint.c b/softmmu/watchpoint.c
new file mode 100644
index 0000000000..279129dd1c
--- /dev/null
+++ b/softmmu/watchpoint.c
@@ -0,0 +1,220 @@
+/*
+ * CPU watchpoints
+ *
+ *  Copyright (c) 2003 Fabrice Bellard
+ *
+ * This library is free software; you can redistribute it and/or
+ * modify it under the terms of the GNU Lesser General Public
+ * License as published by the Free Software Foundation; either
+ * version 2.1 of the License, or (at your option) any later version.
+ *
+ * This library is distributed in the hope that it will be useful,
+ * but WITHOUT ANY WARRANTY; without even the implied warranty of
+ * MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the GNU
+ * Lesser General Public License for more details.
+ *
+ * You should have received a copy of the GNU Lesser General Public
+ * License along with this library; if not, see <http://www.gnu.org/licenses/>.
+ */
+
+#include "qemu/osdep.h"
+#include "qemu/main-loop.h"
+#include "exec/exec-all.h"
+#include "exec/translate-all.h"
+#include "sysemu/tcg.h"
+#include "sysemu/replay.h"
+#include "hw/core/tcg-cpu-ops.h"
+#include "hw/core/cpu.h"
+
+/* Add a watchpoint.  */
+int cpu_watchpoint_insert(CPUState *cpu, vaddr addr, vaddr len,
+                          int flags, CPUWatchpoint **watchpoint)
+{
+    CPUWatchpoint *wp;
+    vaddr in_page;
+
+    /* forbid ranges which are empty or run off the end of the address space */
+    if (len == 0 || (addr + len - 1) < addr) {
+        error_report("tried to set invalid watchpoint at %"
+                     VADDR_PRIx ", len=%" VADDR_PRIu, addr, len);
+        return -EINVAL;
+    }
+    wp = g_malloc(sizeof(*wp));
+
+    wp->vaddr = addr;
+    wp->len = len;
+    wp->flags = flags;
+
+    /* keep all GDB-injected watchpoints in front */
+    if (flags & BP_GDB) {
+        QTAILQ_INSERT_HEAD(&cpu->watchpoints, wp, entry);
+    } else {
+        QTAILQ_INSERT_TAIL(&cpu->watchpoints, wp, entry);
+    }
+
+    in_page = -(addr | TARGET_PAGE_MASK);
+    if (len <= in_page) {
+        tlb_flush_page(cpu, addr);
+    } else {
+        tlb_flush(cpu);
+    }
+
+    if (watchpoint) {
+        *watchpoint = wp;
+    }
+    return 0;
+}
+
+/* Remove a specific watchpoint.  */
+int cpu_watchpoint_remove(CPUState *cpu, vaddr addr, vaddr len,
+                          int flags)
+{
+    CPUWatchpoint *wp;
+
+    QTAILQ_FOREACH(wp, &cpu->watchpoints, entry) {
+        if (addr == wp->vaddr && len == wp->len
+                && flags == (wp->flags & ~BP_WATCHPOINT_HIT)) {
+            cpu_watchpoint_remove_by_ref(cpu, wp);
+            return 0;
+        }
+    }
+    return -ENOENT;
+}
+
+/* Remove a specific watchpoint by reference.  */
+void cpu_watchpoint_remove_by_ref(CPUState *cpu, CPUWatchpoint *watchpoint)
+{
+    QTAILQ_REMOVE(&cpu->watchpoints, watchpoint, entry);
+
+    tlb_flush_page(cpu, watchpoint->vaddr);
+
+    g_free(watchpoint);
+}
+
+/* Remove all matching watchpoints.  */
+void cpu_watchpoint_remove_all(CPUState *cpu, int mask)
+{
+    CPUWatchpoint *wp, *next;
+
+    QTAILQ_FOREACH_SAFE(wp, &cpu->watchpoints, entry, next) {
+        if (wp->flags & mask) {
+            cpu_watchpoint_remove_by_ref(cpu, wp);
+        }
+    }
+}
+
+/*
+ * Return true if this watchpoint address matches the specified
+ * access (ie the address range covered by the watchpoint overlaps
+ * partially or completely with the address range covered by the
+ * access).
+ */
+static inline bool watchpoint_address_matches(CPUWatchpoint *wp,
+                                              vaddr addr, vaddr len)
+{
+    /*
+     * We know the lengths are non-zero, but a little caution is
+     * required to avoid errors in the case where the range ends
+     * exactly at the top of the address space and so addr + len
+     * wraps round to zero.
+     */
+    vaddr wpend = wp->vaddr + wp->len - 1;
+    vaddr addrend = addr + len - 1;
+
+    return !(addr > wpend || wp->vaddr > addrend);
+}
+
+/* Return flags for watchpoints that match addr + prot.  */
+int cpu_watchpoint_address_matches(CPUState *cpu, vaddr addr, vaddr len)
+{
+    CPUWatchpoint *wp;
+    int ret = 0;
+
+    QTAILQ_FOREACH(wp, &cpu->watchpoints, entry) {
+        if (watchpoint_address_matches(wp, addr, len)) {
+            ret |= wp->flags;
+        }
+    }
+    return ret;
+}
+
+/* Generate a debug exception if a watchpoint has been hit.  */
+void cpu_check_watchpoint(CPUState *cpu, vaddr addr, vaddr len,
+                          MemTxAttrs attrs, int flags, uintptr_t ra)
+{
+    CPUClass *cc = CPU_GET_CLASS(cpu);
+    CPUWatchpoint *wp;
+
+    assert(tcg_enabled());
+    if (cpu->watchpoint_hit) {
+        /*
+         * We re-entered the check after replacing the TB.
+         * Now raise the debug interrupt so that it will
+         * trigger after the current instruction.
+         */
+        qemu_mutex_lock_iothread();
+        cpu_interrupt(cpu, CPU_INTERRUPT_DEBUG);
+        qemu_mutex_unlock_iothread();
+        return;
+    }
+
+    if (cc->tcg_ops->adjust_watchpoint_address) {
+        /* this is currently used only by ARM BE32 */
+        addr = cc->tcg_ops->adjust_watchpoint_address(cpu, addr, len);
+    }
+    QTAILQ_FOREACH(wp, &cpu->watchpoints, entry) {
+        if (watchpoint_address_matches(wp, addr, len)
+            && (wp->flags & flags)) {
+            if (replay_running_debug()) {
+                /*
+                 * replay_breakpoint reads icount.
+                 * Force recompile to succeed, because icount may
+                 * be read only at the end of the block.
+                 */
+                if (!cpu->can_do_io) {
+                    /* Force execution of one insn next time.  */
+                    cpu->cflags_next_tb = 1 | CF_LAST_IO | CF_NOIRQ
+                                          | curr_cflags(cpu);
+                    cpu_loop_exit_restore(cpu, ra);
+                }
+                /*
+                 * Don't process the watchpoints when we are
+                 * in a reverse debugging operation.
+                 */
+                replay_breakpoint();
+                return;
+            }
+            if (flags == BP_MEM_READ) {
+                wp->flags |= BP_WATCHPOINT_HIT_READ;
+            } else {
+                wp->flags |= BP_WATCHPOINT_HIT_WRITE;
+            }
+            wp->hitaddr = MAX(addr, wp->vaddr);
+            wp->hitattrs = attrs;
+
+            if (wp->flags & BP_CPU && cc->tcg_ops->debug_check_watchpoint &&
+                !cc->tcg_ops->debug_check_watchpoint(cpu, wp)) {
+                wp->flags &= ~BP_WATCHPOINT_HIT;
+                continue;
+            }
+            cpu->watchpoint_hit = wp;
+
+            mmap_lock();
+            /* This call also restores vCPU state */
+            tb_check_watchpoint(cpu, ra);
+            if (wp->flags & BP_STOP_BEFORE_ACCESS) {
+                cpu->exception_index = EXCP_DEBUG;
+                mmap_unlock();
+                cpu_loop_exit(cpu);
+            } else {
+                /* Force execution of one insn next time.  */
+                cpu->cflags_next_tb = 1 | CF_LAST_IO | CF_NOIRQ
+                                      | curr_cflags(cpu);
+                mmap_unlock();
+                cpu_loop_exit_noexc(cpu);
+            }
+        } else {
+            wp->flags &= ~BP_WATCHPOINT_HIT;
+        }
+    }
+}
