diff --git a/thunder/core/update_aliases.py b/thunder/core/update_aliases.py
index ffbb59e632..3a679bcf13 100644
--- a/thunder/core/update_aliases.py
+++ b/thunder/core/update_aliases.py
@@ -1,5 +1,6 @@
 from functools import reduce, partial
 
+from thunder.core.compile_data import using_symbolic_values
 import thunder.core.prims as prims
 from thunder.core.proxies import TensorProxy, variableify, unvariableify
 from thunder.core.pytree import tree_flatten
@@ -55,23 +56,36 @@ def _involves_viewed_args(bsym, viewed):
     return any(isinstance(p, TensorProxy) and variableify(p) in viewed for p in bsym.flat_proxy_args)
 
 
+def _can_be_reshaped(arg, arg_to_replace):
+    # TODO: Fix this once numel for symbolic values is implemented
+    if using_symbolic_values():
+        arg_numel = arg._numel()
+        arg_to_replace_numel = arg_to_replace._numel()
+    else:
+        arg_numel = arg.numel
+        arg_to_replace_numel = arg_to_replace.numel
+    return arg_numel == arg_to_replace_numel
+
+
 def replace_args_with_alias_map(
     computation_trace: Trace,
     alias_tensor_indices: list[list[int]],
-) -> tuple[Trace, dict[VariableInterface, TensorProxy]]:
+) -> tuple[Trace, list[set[VariableInterface]]]:
     if not alias_tensor_indices:
-        return computation_trace, {}
+        return computation_trace, []
     bsyms: list[BoundSymbol] = []
     flat_args, _ = tree_flatten((computation_trace.args, computation_trace.kwargs))
     swap_map_for_aliases: dict[VariableInterface, TensorProxy] = {}
     arg_to_optional_bsyms: dict[VariableInterface, BoundSymbol] = {}
+    view_groups = {}
     for indices in alias_tensor_indices:
         arg = flat_args[indices[0]]
         for idx in filter(lambda idx: idx < len(flat_args), indices[1:]):
             arg_to_replace = flat_args[idx]
-            # Skip aliases with different numel (e.g., complex tensor and its real view)
+            # Track aliases with different numel (e.g., complex tensor and its real view)
             # These share storage but have incompatible element counts
-            if arg.numel != arg_to_replace.numel:
+            if not _can_be_reshaped(arg, arg_to_replace):
+                view_groups.setdefault(variableify(arg), []).append(variableify(arg_to_replace))
                 continue
             reshaped_arg = arg
             if arg_to_replace.shape != arg.shape:
@@ -111,7 +125,8 @@ def replace_args_with_alias_map(
     no_implicit_alias_trace.bound_symbols = bsyms
     str_map = {unvariableify(k).name: v.name for k, v in swap_map_for_aliases.items()}
     no_implicit_alias_trace.set_provenance(TraceProvenance(f"Duplicate alias args using {str_map}"))
-    return no_implicit_alias_trace, swap_map_for_aliases
+    view_groups = [{k}.union(set(v)) for k, v in view_groups.items() if len(v) != 0]
+    return no_implicit_alias_trace, view_groups
 
 
 def insert_alias_updates(computation_trace: Trace, alias_tensor_indices: list[list[int]]) -> Trace:
@@ -123,10 +138,10 @@ def insert_alias_updates(computation_trace: Trace, alias_tensor_indices: list[li
 
     # First pass: identify inputs which are views of each other and swap them out with a default,
     # reshaping if necessary.
-    computation_trace, _ = replace_args_with_alias_map(computation_trace, alias_tensor_indices)
+    computation_trace, view_groups = replace_args_with_alias_map(computation_trace, alias_tensor_indices)
 
     # Second pass: identify views, their originals, and operands involved in inplace ops
-    view_groups = []
+    encountered = set().union(*view_groups)
     inplace_inputs = set()
     for bsym in computation_trace.bound_symbols:
         if _is_inplace_op(bsym) or _is_view_creation_op(bsym):
@@ -146,7 +161,6 @@ def insert_alias_updates(computation_trace: Trace, alias_tensor_indices: list[li
     # filter out view groups that don't have any tensors involved in inplace ops
     view_groups = [group for group in view_groups if len(group.intersection(inplace_inputs)) != 0]
     viewed = set(reduce(set.union, view_groups, set()))
-    encountered = set()
 
     # Third pass: insert alias updates
     for bsym in computation_trace.bound_symbols:
diff --git a/thunder/tests/test_update_aliases.py b/thunder/tests/test_update_aliases.py
index 238da88a4f..e90a463a1a 100644
--- a/thunder/tests/test_update_aliases.py
+++ b/thunder/tests/test_update_aliases.py
@@ -517,3 +517,25 @@ def foo(x):
     expected_grad = torch.autograd.grad(expected, c, g)
     torch.testing.assert_close(actual_grad_fx, expected_grad)
     torch.testing.assert_close(actual_grad_jit, expected_grad)
+
+
+@instantiate(
+    dtypes=(dtypes.float32,),
+)
+def test_aliasing_for_viewed_input_of_different_shapes(executor, device, dtype):
+    def f(x, y, z):
+        return x + 2, y.add_(z)
+
+    a = make_tensor((2, 3), dtype=dtypes.to_torch_dtype(dtype), device=device)
+    b = a[0, :]
+    c = a[1, :]
+    a_ = a.clone().detach()
+    b_ = a_[0, :]
+    c_ = a_[1, :]
+    jfn = executor.make_callable(f)
+    actual = jfn(a, b, c)
+    expected = f(a_, b_, c_)
+    torch.testing.assert_close(actual, expected)
+    torch.testing.assert_close(a, a_)
+    torch.testing.assert_close(b, b_)
+    torch.testing.assert_close(c, c_)