diff --git a/rpcs3/Emu/CMakeLists.txt b/rpcs3/Emu/CMakeLists.txt
index 22c9fd1690..c54018ee7f 100644
--- a/rpcs3/Emu/CMakeLists.txt
+++ b/rpcs3/Emu/CMakeLists.txt
@@ -465,7 +465,7 @@ target_sources(rpcs3_emu PRIVATE
     RSX/Overlays/overlay_perf_metrics.cpp
     RSX/Overlays/overlay_progress_bar.cpp
     RSX/Overlays/overlay_save_dialog.cpp
-    RSX/Overlays/overlay_shader_compile_notification.cpp
+    RSX/Overlays/overlay_compile_notification.cpp
     RSX/Overlays/overlay_user_list_dialog.cpp
     RSX/Overlays/overlay_utils.cpp
     RSX/Overlays/overlays.cpp
diff --git a/rpcs3/Emu/RSX/GL/GLGSRender.cpp b/rpcs3/Emu/RSX/GL/GLGSRender.cpp
index c4d3afbd06..e60a8381cc 100644
--- a/rpcs3/Emu/RSX/GL/GLGSRender.cpp
+++ b/rpcs3/Emu/RSX/GL/GLGSRender.cpp
@@ -1,5 +1,5 @@
 #include "stdafx.h"
-#include "../Overlays/overlay_shader_compile_notification.h"
+#include "../Overlays/overlay_compile_notification.h"
 #include "../Overlays/Shaders/shader_loading_dialog_native.h"
 #include "GLGSRender.h"
 #include "GLCompute.h"
diff --git a/rpcs3/Emu/RSX/Overlays/overlay_compile_notification.cpp b/rpcs3/Emu/RSX/Overlays/overlay_compile_notification.cpp
new file mode 100644
index 0000000000..e0d5ea5b0d
--- /dev/null
+++ b/rpcs3/Emu/RSX/Overlays/overlay_compile_notification.cpp
@@ -0,0 +1,45 @@
+#include "stdafx.h"
+#include "overlays.h"
+#include "overlay_message.h"
+#include "overlay_loading_icon.hpp"
+
+namespace rsx
+{
+	namespace overlays
+	{
+		static std::shared_ptr<loading_icon24> s_shader_loading_icon24;
+		static std::shared_ptr<loading_icon24> s_ppu_loading_icon24;
+
+		void show_shader_compile_notification()
+		{
+			if (!s_shader_loading_icon24)
+			{
+				// Creating the icon requires FS read, so it is important to cache it
+				s_shader_loading_icon24 = std::make_shared<loading_icon24>();
+			}
+
+			queue_message(
+				localized_string_id::RSX_OVERLAYS_COMPILING_SHADERS,
+				5'000'000,
+				{},
+				message_pin_location::bottom,
+				s_shader_loading_icon24);
+		}
+
+		void show_ppu_compile_notification()
+		{
+			if (!s_ppu_loading_icon24)
+			{
+				// Creating the icon requires FS read, so it is important to cache it
+				s_ppu_loading_icon24 = std::make_shared<loading_icon24>();
+			}
+
+			queue_message(
+				localized_string_id::RSX_OVERLAYS_COMPILING_PPU_MODULES,
+				5'000'000,
+				{},
+				message_pin_location::bottom,
+				s_ppu_loading_icon24);
+		}
+	}
+}
diff --git a/rpcs3/Emu/RSX/Overlays/overlay_shader_compile_notification.h b/rpcs3/Emu/RSX/Overlays/overlay_compile_notification.h
similarity index 71%
rename from rpcs3/Emu/RSX/Overlays/overlay_shader_compile_notification.h
rename to rpcs3/Emu/RSX/Overlays/overlay_compile_notification.h
index fc4fae7fcf..412b442171 100644
--- a/rpcs3/Emu/RSX/Overlays/overlay_shader_compile_notification.h
+++ b/rpcs3/Emu/RSX/Overlays/overlay_compile_notification.h
@@ -5,5 +5,6 @@ namespace rsx
 	namespace overlays
 	{
 		void show_shader_compile_notification();
+		void show_ppu_compile_notification();
 	}
 }
diff --git a/rpcs3/Emu/RSX/Overlays/overlay_message.cpp b/rpcs3/Emu/RSX/Overlays/overlay_message.cpp
index 9f67044e51..c3b48b89ce 100644
--- a/rpcs3/Emu/RSX/Overlays/overlay_message.cpp
+++ b/rpcs3/Emu/RSX/Overlays/overlay_message.cpp
@@ -236,5 +236,16 @@ namespace rsx
 			return false;
 		}
 
+		void refresh_message_queue()
+		{
+			if (auto manager = g_fxo->try_get<rsx::overlays::display_manager>())
+			{
+				if (auto msg_overlay = manager->get<rsx::overlays::message>())
+				{
+					msg_overlay->refresh();
+				}
+			}
+		}
+
 	} // namespace overlays
 } // namespace rsx
diff --git a/rpcs3/Emu/RSX/Overlays/overlay_message.h b/rpcs3/Emu/RSX/Overlays/overlay_message.h
index d6201138b6..9acbffc68b 100644
--- a/rpcs3/Emu/RSX/Overlays/overlay_message.h
+++ b/rpcs3/Emu/RSX/Overlays/overlay_message.h
@@ -78,6 +78,7 @@ namespace rsx
 				}
 
 				visible = true;
+				refresh();
 			}
 
 		private:
@@ -120,5 +121,7 @@ namespace rsx
 			}
 		}
 
+		void refresh_message_queue();
+
 	} // namespace overlays
 } // namespace rsx
diff --git a/rpcs3/Emu/RSX/Overlays/overlay_shader_compile_notification.cpp b/rpcs3/Emu/RSX/Overlays/overlay_shader_compile_notification.cpp
deleted file mode 100644
index c008c97043..0000000000
--- a/rpcs3/Emu/RSX/Overlays/overlay_shader_compile_notification.cpp
+++ /dev/null
@@ -1,28 +0,0 @@
-#include "stdafx.h"
-#include "overlays.h"
-#include "overlay_message.h"
-#include "overlay_loading_icon.hpp"
-
-namespace rsx
-{
-	namespace overlays
-	{
-		static std::shared_ptr<loading_icon24> s_loading_icon24;
-
-		void show_shader_compile_notification()
-		{
-			if (!s_loading_icon24)
-			{
-				// Creating the icon requires FS read, so it is important to cache it
-				s_loading_icon24 = std::make_shared<loading_icon24>();
-			}
-
-			queue_message(
-				localized_string_id::RSX_OVERLAYS_COMPILING_SHADERS,
-				5'000'000,
-				{},
-				message_pin_location::bottom,
-				s_loading_icon24);
-		}
-	}
-}
diff --git a/rpcs3/Emu/RSX/VK/VKGSRender.cpp b/rpcs3/Emu/RSX/VK/VKGSRender.cpp
index 55dc1a2a5c..37bd3327ae 100644
--- a/rpcs3/Emu/RSX/VK/VKGSRender.cpp
+++ b/rpcs3/Emu/RSX/VK/VKGSRender.cpp
@@ -1,7 +1,5 @@
 #include "stdafx.h"
-#include "../Overlays/overlay_animated_icon.h"
-#include "../Overlays/overlay_manager.h"
-#include "../Overlays/overlay_shader_compile_notification.h"
+#include "../Overlays/overlay_compile_notification.h"
 #include "../Overlays/Shaders/shader_loading_dialog_native.h"
 
 #include "VKAsyncScheduler.h"
diff --git a/rpcs3/Emu/localized_string_id.h b/rpcs3/Emu/localized_string_id.h
index 0caf3b0928..fb81f0642f 100644
--- a/rpcs3/Emu/localized_string_id.h
+++ b/rpcs3/Emu/localized_string_id.h
@@ -9,6 +9,7 @@ enum class localized_string_id
 	RSX_OVERLAYS_TROPHY_GOLD,
 	RSX_OVERLAYS_TROPHY_PLATINUM,
 	RSX_OVERLAYS_COMPILING_SHADERS,
+	RSX_OVERLAYS_COMPILING_PPU_MODULES,
 	RSX_OVERLAYS_MSG_DIALOG_YES,
 	RSX_OVERLAYS_MSG_DIALOG_NO,
 	RSX_OVERLAYS_MSG_DIALOG_CANCEL,
diff --git a/rpcs3/Emu/system_progress.cpp b/rpcs3/Emu/system_progress.cpp
index 50347fcbd0..aacc5229a2 100644
--- a/rpcs3/Emu/system_progress.cpp
+++ b/rpcs3/Emu/system_progress.cpp
@@ -4,6 +4,8 @@
 #include "Emu/RSX/RSXThread.h"
 #include "Emu/RSX/Overlays/overlay_manager.h"
 #include "Emu/RSX/Overlays/overlay_message_dialog.h"
+#include "Emu/RSX/Overlays/overlay_message.h"
+#include "Emu/RSX/Overlays/overlay_compile_notification.h"
 #include "Emu/System.h"
 
 LOG_CHANNEL(sys_log, "SYS");
@@ -141,7 +143,8 @@ void progress_dialog_server::operator()()
 
 				if (skip_this_one)
 				{
-					// Do nothing
+					// Show a message instead
+					rsx::overlays::show_ppu_compile_notification();
 					thread_ctrl::wait_for(10000);
 					continue;
 				}
@@ -177,6 +180,12 @@ void progress_dialog_server::operator()()
 				}
 			}
 
+			if (skip_this_one)
+			{
+				// Make sure to update any pending messages. PPU compilation may freeze the image.
+				rsx::overlays::refresh_message_queue();
+			}
+
 			thread_ctrl::wait_for(10000);
 		}
 
diff --git a/rpcs3/emucore.vcxproj b/rpcs3/emucore.vcxproj
index d88f36f6f2..290e710064 100644
--- a/rpcs3/emucore.vcxproj
+++ b/rpcs3/emucore.vcxproj
@@ -98,7 +98,7 @@
     <ClCompile Include="Emu\RSX\Overlays\overlay_manager.cpp" />
     <ClCompile Include="Emu\RSX\Overlays\overlay_media_list_dialog.cpp" />
     <ClCompile Include="Emu\RSX\Overlays\overlay_osk_panel.cpp" />
-    <ClCompile Include="Emu\RSX\Overlays\overlay_shader_compile_notification.cpp" />
+    <ClCompile Include="Emu\RSX\Overlays\overlay_compile_notification.cpp" />
     <ClCompile Include="Emu\RSX\Overlays\overlay_user_list_dialog.cpp" />
     <ClCompile Include="Emu\RSX\Overlays\overlay_utils.cpp" />
     <ClCompile Include="Emu\RSX\Overlays\Shaders\shader_loading_dialog.cpp" />
@@ -575,7 +575,7 @@
     <ClInclude Include="Emu\RSX\Overlays\overlay_osk_panel.h" />
     <ClInclude Include="Emu\RSX\Overlays\overlay_perf_metrics.h" />
     <ClInclude Include="Emu\RSX\Overlays\overlay_save_dialog.h" />
-    <ClInclude Include="Emu\RSX\Overlays\overlay_shader_compile_notification.h" />
+    <ClInclude Include="Emu\RSX\Overlays\overlay_compile_notification.h" />
     <ClInclude Include="Emu\RSX\Overlays\overlay_trophy_notification.h" />
     <ClInclude Include="Emu\RSX\Overlays\overlay_user_list_dialog.h" />
     <ClInclude Include="Emu\RSX\Overlays\overlay_utils.h" />
diff --git a/rpcs3/emucore.vcxproj.filters b/rpcs3/emucore.vcxproj.filters
index 2dd35f162f..32d9305547 100644
--- a/rpcs3/emucore.vcxproj.filters
+++ b/rpcs3/emucore.vcxproj.filters
@@ -1132,7 +1132,7 @@
     <ClCompile Include="Emu\RSX\Overlays\overlay_animated_icon.cpp">
       <Filter>Emu\GPU\RSX\Overlays</Filter>
     </ClCompile>
-    <ClCompile Include="Emu\RSX\Overlays\overlay_shader_compile_notification.cpp">
+    <ClCompile Include="Emu\RSX\Overlays\overlay_compile_notification.cpp">
       <Filter>Emu\GPU\RSX\Overlays</Filter>
     </ClCompile>
     <ClCompile Include="Emu\RSX\Overlays\HomeMenu\overlay_home_menu_message_box.cpp">
@@ -1959,7 +1959,7 @@
     <ClInclude Include="Emu\RSX\Overlays\overlay_trophy_notification.h">
       <Filter>Emu\GPU\RSX\Overlays</Filter>
     </ClInclude>
-    <ClInclude Include="Emu\RSX\Overlays\overlay_shader_compile_notification.h">
+    <ClInclude Include="Emu\RSX\Overlays\overlay_compile_notification.h">
       <Filter>Emu\GPU\RSX\Overlays</Filter>
     </ClInclude>
     <ClInclude Include="Emu\Io\GHLtar.h">
diff --git a/rpcs3/rpcs3qt/localized_emu.h b/rpcs3/rpcs3qt/localized_emu.h
index 86818f90b1..d34603574e 100644
--- a/rpcs3/rpcs3qt/localized_emu.h
+++ b/rpcs3/rpcs3qt/localized_emu.h
@@ -39,6 +39,7 @@ private:
 		case localized_string_id::RSX_OVERLAYS_TROPHY_GOLD: return tr("You have earned a gold trophy.\n%0", "Trophy text").arg(std::forward<Args>(args)...);
 		case localized_string_id::RSX_OVERLAYS_TROPHY_PLATINUM: return tr("You have earned a platinum trophy.\n%0", "Trophy text").arg(std::forward<Args>(args)...);
 		case localized_string_id::RSX_OVERLAYS_COMPILING_SHADERS: return tr("Compiling shaders");
+		case localized_string_id::RSX_OVERLAYS_COMPILING_PPU_MODULES: return tr("Compiling PPU Modules");
 		case localized_string_id::RSX_OVERLAYS_MSG_DIALOG_YES: return tr("Yes", "Message Dialog");
 		case localized_string_id::RSX_OVERLAYS_MSG_DIALOG_NO: return tr("No", "Message Dialog");
 		case localized_string_id::RSX_OVERLAYS_MSG_DIALOG_CANCEL: return tr("Back", "Message Dialog");