diff --git a/tests/functional/qemu_test/__init__.py b/tests/functional/qemu_test/__init__.py
index 2f1e0bc70d..db05c8f412 100644
--- a/tests/functional/qemu_test/__init__.py
+++ b/tests/functional/qemu_test/__init__.py
@@ -6,6 +6,7 @@
 # later.  See the COPYING file in the top-level directory.
 
 
+from .asset import Asset
 from .config import BUILD_DIR
 from .cmd import has_cmd, has_cmds, run_cmd, is_readable_executable_file, \
     interrupt_interactive_console_until_pattern, wait_for_console_pattern, \
diff --git a/tests/functional/qemu_test/asset.py b/tests/functional/qemu_test/asset.py
new file mode 100644
index 0000000000..cbeb6278af
--- /dev/null
+++ b/tests/functional/qemu_test/asset.py
@@ -0,0 +1,97 @@
+# Test utilities for fetching & caching assets
+#
+# Copyright 2024 Red Hat, Inc.
+#
+# This work is licensed under the terms of the GNU GPL, version 2 or
+# later.  See the COPYING file in the top-level directory.
+
+import hashlib
+import logging
+import os
+import subprocess
+import urllib.request
+from pathlib import Path
+from shutil import copyfileobj
+
+
+# Instances of this class must be declared as class level variables
+# starting with a name "ASSET_". This enables the pre-caching logic
+# to easily find all referenced assets and download them prior to
+# execution of the tests.
+class Asset:
+
+    def __init__(self, url, hashsum):
+        self.url = url
+        self.hash = hashsum
+        cache_dir_env = os.getenv('QEMU_TEST_CACHE_DIR')
+        if cache_dir_env:
+            self.cache_dir = Path(cache_dir_env, "download")
+        else:
+            self.cache_dir = Path(Path("~").expanduser(),
+                                  ".cache", "qemu", "download")
+        self.cache_file = Path(self.cache_dir, hashsum)
+        self.log = logging.getLogger('qemu-test')
+
+    def __repr__(self):
+        return "Asset: url=%s hash=%s cache=%s" % (
+            self.url, self.hash, self.cache_file)
+
+    def _check(self, cache_file):
+        if self.hash is None:
+            return True
+        if len(self.hash) == 64:
+            sum_prog = 'sha256sum'
+        elif len(self.hash) == 128:
+            sum_prog = 'sha512sum'
+        else:
+            raise Exception("unknown hash type")
+
+        checksum = subprocess.check_output(
+            [sum_prog, str(cache_file)]).split()[0]
+        return self.hash == checksum.decode("utf-8")
+
+    def valid(self):
+        return self.cache_file.exists() and self._check(self.cache_file)
+
+    def fetch(self):
+        if not self.cache_dir.exists():
+            self.cache_dir.mkdir(parents=True, exist_ok=True)
+
+        if self.valid():
+            self.log.debug("Using cached asset %s for %s",
+                           self.cache_file, self.url)
+            return str(self.cache_file)
+
+        self.log.info("Downloading %s to %s...", self.url, self.cache_file)
+        tmp_cache_file = self.cache_file.with_suffix(".download")
+
+        try:
+            resp = urllib.request.urlopen(self.url)
+        except Exception as e:
+            self.log.error("Unable to download %s: %s", self.url, e)
+            raise
+
+        try:
+            with tmp_cache_file.open("wb+") as dst:
+                copyfileobj(resp, dst)
+        except:
+            tmp_cache_file.unlink()
+            raise
+        try:
+            # Set these just for informational purposes
+            os.setxattr(str(tmp_cache_file), "user.qemu-asset-url",
+                        self.url.encode('utf8'))
+            os.setxattr(str(tmp_cache_file), "user.qemu-asset-hash",
+                        self.hash.encode('utf8'))
+        except Exception as e:
+            self.log.info("Unable to set xattr on %s: %s", tmp_cache_file, e)
+            pass
+
+        if not self._check(tmp_cache_file):
+            tmp_cache_file.unlink()
+            raise Exception("Hash of %s does not match %s" %
+                            (self.url, self.hash))
+        tmp_cache_file.replace(self.cache_file)
+
+        self.log.info("Cached %s at %s" % (self.url, self.cache_file))
+        return str(self.cache_file)
