diff --git a/crates/squawk_ide/src/goto_definition.rs b/crates/squawk_ide/src/goto_definition.rs
index 9e70589b..a10de07e 100644
--- a/crates/squawk_ide/src/goto_definition.rs
+++ b/crates/squawk_ide/src/goto_definition.rs
@@ -5951,4 +5951,90 @@ merge into old
           ╰╴                       ─ 1. source
         ");
     }
+
+    #[test]
+    fn goto_merge_returning_with_aliases_before_table() {
+        assert_snapshot!(goto("
+create table x(a int, b int);
+create table y(c int, d int);
+merge into x
+  using y on true
+  when matched then do nothing
+  returning
+    with (old as before, new as after)
+      before$0.a, after.a;
+"
+        ), @r"
+          ╭▸ 
+        8 │     with (old as before, new as after)
+          │                  ────── 2. destination
+        9 │       before.a, after.a;
+          ╰╴           ─ 1. source
+        ");
+    }
+
+    #[test]
+    fn goto_merge_returning_with_aliases_before_column() {
+        assert_snapshot!(goto("
+create table x(a int, b int);
+create table y(c int, d int);
+merge into x
+  using y on true
+  when matched then do nothing
+  returning
+    with (old as before, new as after)
+      before.a$0, after.a;
+"
+        ), @r"
+          ╭▸ 
+        2 │ create table x(a int, b int);
+          │                ─ 2. destination
+          ‡
+        9 │       before.a, after.a;
+          ╰╴             ─ 1. source
+        ");
+    }
+
+    #[test]
+    fn goto_merge_returning_with_aliases_after_table() {
+        assert_snapshot!(goto("
+create table x(a int, b int);
+create table y(c int, d int);
+merge into x
+  using y on true
+  when matched then do nothing
+  returning
+    with (old as before, new as after)
+      before.a, after$0.a;
+"
+        ), @r"
+          ╭▸ 
+        8 │     with (old as before, new as after)
+          │                                 ───── 2. destination
+        9 │       before.a, after.a;
+          ╰╴                    ─ 1. source
+        ");
+    }
+
+    #[test]
+    fn goto_merge_returning_with_aliases_after_column() {
+        assert_snapshot!(goto("
+create table x(a int, b int);
+create table y(c int, d int);
+merge into x
+  using y on true
+  when matched then do nothing
+  returning
+    with (old as before, new as after)
+      before.a, after.a$0;
+"
+        ), @r"
+          ╭▸ 
+        2 │ create table x(a int, b int);
+          │                ─ 2. destination
+          ‡
+        9 │       before.a, after.a;
+          ╰╴                      ─ 1. source
+        ");
+    }
 }
diff --git a/crates/squawk_ide/src/resolve.rs b/crates/squawk_ide/src/resolve.rs
index 071dc467..8b58f765 100644
--- a/crates/squawk_ide/src/resolve.rs
+++ b/crates/squawk_ide/src/resolve.rs
@@ -810,8 +810,14 @@ fn resolve_select_qualified_column_ptr(
         let path = relation_name.path()?;
         let merge_table_name = extract_table_name(&path)?;
 
-        // Check if this is the alias or the table name
-        if let Some(alias) = merge.alias()
+        // Check `returning with (old as alias, new as alias)`
+        if let Some(returning_clause) = merge.returning_clause()
+            && let Some(option_list) = returning_clause.returning_option_list()
+            && is_table_name_in_option_list(option_list, &column_table_name)
+        {
+            (merge_table_name, None)
+            // Check if this is the alias or the table name
+        } else if let Some(alias) = merge.alias()
             && let Some(alias_name) = alias.name()
             && Name::from_node(&alias_name) == column_table_name
         {
@@ -978,6 +984,18 @@ fn resolve_select_qualified_column_ptr(
     None
 }
 
+fn is_table_name_in_option_list(option_list: ast::ReturningOptionList, table_name: &Name) -> bool {
+    for option in option_list.returning_options() {
+        if let Some(name) = option.name()
+            && let option_name = Name::from_node(&name)
+            && option_name == *table_name
+        {
+            return true;
+        }
+    }
+    false
+}
+
 enum ResolvedTableName {
     View(ast::CreateView),
     Table(ast::CreateTableLike),
@@ -2833,6 +2851,19 @@ fn resolve_merge_table_name_ptr(
     let path = relation_name.path()?;
     let merge_table_name = extract_table_name(&path)?;
 
+    // Check `returning with (old as alias, new as alias)`
+    if let Some(returning_clause) = merge.returning_clause()
+        && let Some(option_list) = returning_clause.returning_option_list()
+    {
+        for option in option_list.returning_options() {
+            if let Some(name) = option.name()
+                && Name::from_node(&name) == table_name
+            {
+                return Some(SyntaxNodePtr::new(name.syntax()));
+            }
+        }
+    }
+
     // Check target table alias
     if let Some(alias) = merge.alias()
         && let Some(alias_name) = alias.name()