diff --git a/src/ModelContextProtocol.Core/Authentication/ClientOAuthProvider.cs b/src/ModelContextProtocol.Core/Authentication/ClientOAuthProvider.cs
index 872d0572b..018cd0b0e 100644
--- a/src/ModelContextProtocol.Core/Authentication/ClientOAuthProvider.cs
+++ b/src/ModelContextProtocol.Core/Authentication/ClientOAuthProvider.cs
@@ -583,6 +583,11 @@ private async Task<AuthorizationServerMetadata> GetAuthServerMetadataAsync(Uri a
                 // another well-known endpoint.
                 throw;
             }
+            catch (OperationCanceledException) when (cancellationToken.IsCancellationRequested)
+            {
+                // Caller cancellation or the initialization timeout must not be reported as missing metadata.
+                throw;
+            }
             catch (Exception ex)
             {
                 LogErrorFetchingAuthServerMetadata(ex, wellKnownEndpoint);
diff --git a/tests/ModelContextProtocol.AspNetCore.Tests/OAuth/AuthServerMetadataCancellationTests.cs b/tests/ModelContextProtocol.AspNetCore.Tests/OAuth/AuthServerMetadataCancellationTests.cs
new file mode 100644
index 000000000..7a099575f
--- /dev/null
+++ b/tests/ModelContextProtocol.AspNetCore.Tests/OAuth/AuthServerMetadataCancellationTests.cs
@@ -0,0 +1,93 @@
+using Microsoft.Extensions.Time.Testing;
+using ModelContextProtocol.AspNetCore.Tests.Utils;
+using ModelContextProtocol.Authentication;
+using ModelContextProtocol.Client;
+using ModelContextProtocol.Tests.Utils;
+
+namespace ModelContextProtocol.AspNetCore.Tests.OAuth;
+
+// Authorization server metadata discovery treats a failed request to one well-known endpoint as a reason
+// to try the next one. Cancellation is different: it must reach the caller as cancellation (or as the
+// initialization timeout) instead of "Failed to find .well-known/... metadata".
+public class AuthServerMetadataCancellationTests(ITestOutputHelper outputHelper) : OAuthTestBase(outputHelper)
+{
+    private static readonly TimeSpan ProbeBudget = TimeSpan.FromSeconds(5);
+    private readonly FakeTimeProvider _timeProvider = new();
+    private readonly AsyncGate _metadata = new();
+
+    [Theory]
+    [InlineData(false)]
+    [InlineData(true)]
+    public async Task AuthServerMetadataDiscovery_ObservesCallerAndInitializationCancellation(bool initializationTimeout)
+    {
+        await using var app = await StartMcpServerAsync();
+        using var httpClient = CreateHttpClientWithGatedAuthServerMetadata();
+        await using var transport = CreateTransport(httpClient);
+        using var caller = CancellationTokenSource.CreateLinkedTokenSource(TestContext.Current.CancellationToken);
+        var options = new McpClientOptions
+        {
+            TimeProvider = _timeProvider,
+            DiscoverProbeTimeout = ProbeBudget,
+            InitializationTimeout = ProbeBudget * 4,
+        };
+
+        var connecting = McpClient.CreateAsync(transport, options, LoggerFactory, caller.Token);
+        await _metadata.WaitUntilEnteredAsync(connecting);
+        var metadataRequestToken = _metadata.Token;
+
+        // The probe timeout is armed, but it must not fire while OAuth loads the metadata.
+        _timeProvider.Advance(ProbeBudget * 2);
+        Assert.False(metadataRequestToken.IsCancellationRequested);
+
+        if (initializationTimeout)
+        {
+            _timeProvider.Advance(options.InitializationTimeout);
+            var error = await Assert.ThrowsAsync<TimeoutException>(() => connecting.WaitAsync(TestConstants.DefaultTimeout, TestContext.Current.CancellationToken));
+            Assert.Equal("Initialization timed out", error.Message);
+        }
+        else
+        {
+            caller.Cancel();
+            await Assert.ThrowsAnyAsync<OperationCanceledException>(() => connecting.WaitAsync(TestConstants.DefaultTimeout, TestContext.Current.CancellationToken));
+        }
+
+        await _metadata.Canceled.Task.WaitAsync(TestConstants.DefaultTimeout, TestContext.Current.CancellationToken);
+    }
+
+    private HttpClient CreateHttpClientWithGatedAuthServerMetadata()
+    {
+        // The shared SocketsHttpHandler is owned and disposed by the base class.
+        var httpClient = new HttpClient(new GatedAuthServerMetadataHandler(_metadata) { InnerHandler = SocketsHttpHandler }, disposeHandler: false);
+        ConfigureHttpClient(httpClient);
+        return httpClient;
+    }
+
+    private HttpClientTransport CreateTransport(HttpClient httpClient) =>
+        new(new()
+        {
+            Endpoint = new(McpServerUrl),
+            OAuth = new ClientOAuthOptions()
+            {
+                ClientId = "demo-client",
+                ClientSecret = "demo-secret",
+                RedirectUri = new Uri("http://localhost:1179/callback"),
+                AuthorizationCallbackHandler = (_, _) => throw new InvalidOperationException("Authorization should not be reached."),
+            },
+        }, httpClient, LoggerFactory);
+
+    // Holds the authorization server metadata requests until they are canceled.
+    private sealed class GatedAuthServerMetadataHandler(AsyncGate gate) : DelegatingHandler
+    {
+        protected override async Task<HttpResponseMessage> SendAsync(HttpRequestMessage request, CancellationToken cancellationToken)
+        {
+            var path = request.RequestUri?.AbsolutePath ?? string.Empty;
+            if (path.StartsWith("/.well-known/oauth-authorization-server", StringComparison.Ordinal) ||
+                path.StartsWith("/.well-known/openid-configuration", StringComparison.Ordinal))
+            {
+                await gate.WaitAsync(cancellationToken);
+            }
+
+            return await base.SendAsync(request, cancellationToken);
+        }
+    }
+}