diff --git a/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/CircuitBreakerObservationDocumentation.java b/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/CircuitBreakerObservationDocumentation.java
index c6b124d4..be07c943 100644
--- a/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/CircuitBreakerObservationDocumentation.java
+++ b/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/CircuitBreakerObservationDocumentation.java
@@ -42,11 +42,10 @@ enum CircuitBreakerObservationDocumentation implements ObservationDocumentation
 			return "spring.cloud.circuitbreaker";
 		}
 
-		// TODO: Move this to convention with the next micrometer release
-		// @Override
-		// public String getContextualName() {
-		// return "circuit-breaker";
-		// }
+		@Override
+		public String getContextualName() {
+			return "circuit-breaker";
+		}
 	},
 
 	/**
@@ -69,11 +68,10 @@ enum CircuitBreakerObservationDocumentation implements ObservationDocumentation
 			return "spring.cloud.circuitbreaker";
 		}
 
-		// TODO: Move this to convention with the next micrometer release
-		// @Override
-		// public String getContextualName() {
-		// return "circuit-breaker fallback";
-		// }
+		@Override
+		public String getContextualName() {
+			return "circuit-breaker fallback";
+		}
 	};
 
 	public enum LowCardinalityTags implements KeyName {
diff --git a/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedFunction.java b/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedFunction.java
index 806bddf5..c6fe6a72 100644
--- a/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedFunction.java
+++ b/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedFunction.java
@@ -33,13 +33,13 @@ class ObservedFunction<T> implements Function<Throwable, T> {
 
 	private final Observation observation;
 
-	// TODO: Move out contextual name with the next micrometer release
 	ObservedFunction(CircuitBreakerObservationConvention customConvention, CircuitBreakerObservationContext context,
 			String conextualName, ObservationRegistry observationRegistry, Function<Throwable, T> toRun) {
 		this.delegate = toRun;
-		this.observation = CircuitBreakerObservationDocumentation.CIRCUIT_BREAKER_SUPPLIER_OBSERVATION.observation(
-				customConvention, DefaultCircuitBreakerObservationConvention.INSTANCE, () -> context,
-				observationRegistry);
+		this.observation = CircuitBreakerObservationDocumentation.CIRCUIT_BREAKER_SUPPLIER_OBSERVATION
+				.observation(customConvention, DefaultCircuitBreakerObservationConvention.INSTANCE, () -> context,
+						observationRegistry)
+				.parentObservation(observationRegistry.getCurrentObservation());
 		this.observation.contextualName(conextualName);
 	}
 
diff --git a/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedSupplier.java b/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedSupplier.java
index 69b56c9b..996b28a3 100644
--- a/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedSupplier.java
+++ b/spring-cloud-commons/src/main/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedSupplier.java
@@ -33,13 +33,13 @@ class ObservedSupplier<T> implements Supplier<T> {
 
 	private final Observation observation;
 
-	// TODO: Move out contextual name with the next micrometer release
 	ObservedSupplier(CircuitBreakerObservationConvention customConvention, CircuitBreakerObservationContext context,
 			String contextualName, ObservationRegistry observationRegistry, Supplier<T> toRun) {
 		this.delegate = toRun;
-		this.observation = CircuitBreakerObservationDocumentation.CIRCUIT_BREAKER_SUPPLIER_OBSERVATION.observation(
-				customConvention, DefaultCircuitBreakerObservationConvention.INSTANCE, () -> context,
-				observationRegistry);
+		this.observation = CircuitBreakerObservationDocumentation.CIRCUIT_BREAKER_SUPPLIER_OBSERVATION
+				.observation(customConvention, DefaultCircuitBreakerObservationConvention.INSTANCE, () -> context,
+						observationRegistry)
+				.parentObservation(observationRegistry.getCurrentObservation());
 		this.observation.contextualName(contextualName);
 	}
 
diff --git a/spring-cloud-commons/src/test/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedCircuitBreakerTests.java b/spring-cloud-commons/src/test/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedCircuitBreakerTests.java
index c674f0fb..6d4197f5 100644
--- a/spring-cloud-commons/src/test/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedCircuitBreakerTests.java
+++ b/spring-cloud-commons/src/test/java/org/springframework/cloud/client/circuitbreaker/observation/ObservedCircuitBreakerTests.java
@@ -16,19 +16,14 @@
 
 package org.springframework.cloud.client.circuitbreaker.observation;
 
-import java.util.ArrayList;
-import java.util.List;
 import java.util.function.Function;
 import java.util.function.Supplier;
 
 import io.micrometer.common.KeyValues;
 import io.micrometer.observation.Observation;
-import io.micrometer.observation.ObservationHandler;
-import io.micrometer.observation.ObservationRegistry;
 import io.micrometer.observation.tck.ObservationContextAssert;
 import io.micrometer.observation.tck.TestObservationRegistry;
 import io.micrometer.observation.tck.TestObservationRegistryAssert;
-import org.assertj.core.api.BDDAssertions;
 import org.junit.jupiter.api.Test;
 
 import org.springframework.cloud.client.circuitbreaker.CircuitBreaker;
@@ -89,9 +84,7 @@ class ObservedCircuitBreakerTests {
 
 	@Test
 	void should_wrap_circuit_breaker_with_fallback_in_observation() {
-		ObservationRegistry registry = ObservationRegistry.create();
-		MyHandler myHandler = new MyHandler();
-		registry.observationConfig().observationHandler(myHandler);
+		TestObservationRegistry registry = TestObservationRegistry.create();
 		CircuitBreaker delegate = new CircuitBreaker() {
 			@Override
 			public <T> T run(Supplier<T> toRun, Function<Throwable, T> fallback) {
@@ -105,39 +98,25 @@ class ObservedCircuitBreakerTests {
 		};
 		ObservedCircuitBreaker circuitBreaker = new ObservedCircuitBreaker(delegate, registry);
 
-		String result = circuitBreaker.run(() -> {
+		Observation parent = Observation.createNotStarted("parent", registry);
+		String result = parent.observe(() -> circuitBreaker.run(() -> {
 			throw new IllegalStateException("BOOM!");
-		}, throwable -> "goodbye");
+		}, throwable -> "goodbye"));
 
 		then(result).isEqualTo("goodbye");
-		List<Observation.Context> contexts = myHandler.contexts;
-
-		// TODO: Convert to usage of test registry assert with the next micrometer release
-		BDDAssertions.then(contexts).hasSize(2);
-		BDDAssertions.then(contexts.get(0))
-				.satisfies(context -> ObservationContextAssert.then(context)
-						.hasNameEqualTo("spring.cloud.circuitbreaker").hasContextualNameEqualTo("circuit-breaker")
-						.hasLowCardinalityKeyValue("spring.cloud.circuitbreaker.type", "supplier"));
-		BDDAssertions.then(contexts.get(1)).satisfies(context -> ObservationContextAssert.then(context)
-				.hasNameEqualTo("spring.cloud.circuitbreaker").hasContextualNameEqualTo("circuit-breaker fallback")
-				.hasLowCardinalityKeyValue("spring.cloud.circuitbreaker.type", "function"));
-	}
-
-	// TODO: Convert to usage of test registry assert with the next micrometer release
-	static class MyHandler implements ObservationHandler<Observation.Context> {
-
-		List<Observation.Context> contexts = new ArrayList<>();
-
-		@Override
-		public void onStop(Observation.Context context) {
-			this.contexts.add(context);
-		}
-
-		@Override
-		public boolean supportsContext(Observation.Context context) {
-			return true;
-		}
 
+		TestObservationRegistryAssert.then(registry).hasNumberOfObservationsEqualTo(3)
+				.hasHandledContextsThatSatisfy(contexts -> {
+					ObservationContextAssert.then(contexts.get(0)).hasNameEqualTo("parent");
+					ObservationContextAssert.then(contexts.get(1)).hasNameEqualTo("spring.cloud.circuitbreaker")
+							.hasContextualNameEqualTo("circuit-breaker")
+							.hasLowCardinalityKeyValue("spring.cloud.circuitbreaker.type", "supplier")
+							.hasParentObservationEqualTo(parent);
+					ObservationContextAssert.then(contexts.get(2)).hasNameEqualTo("spring.cloud.circuitbreaker")
+							.hasContextualNameEqualTo("circuit-breaker fallback")
+							.hasLowCardinalityKeyValue("spring.cloud.circuitbreaker.type", "function")
+							.hasParentObservationEqualTo(parent);
+				});
 	}
 
 }