diff --git a/torch/_dynamo/polyfills/__init__.py b/torch/_dynamo/polyfills/__init__.py
index 9b465726754..69145ce86d8 100644
--- a/torch/_dynamo/polyfills/__init__.py
+++ b/torch/_dynamo/polyfills/__init__.py
@@ -14,36 +14,15 @@ import torch
 
 
 def index(iterator, item, start=0, end=None):
-    for i, elem in islice(enumerate(iterator), start, end):
+    import itertools
+
+    for i, elem in itertools.islice(enumerate(iterator), start, end):
         if item == elem:
             return i
     # This will not run in dynamo
     raise ValueError(f"{item} is not in {type(iterator)}")
 
 
-def islice(iterator, start=0, end=None, step=1):
-    if start < 0 or (end is not None and end < 0) or step < 0:
-        raise ValueError("Indices must be non-negative")
-    if step == 0:
-        raise ValueError("Step cannot be 0")
-
-    it = iter(iterator)
-
-    for _ in range(start):
-        next(it)
-
-    if end is None:
-        for i, element in enumerate(it):
-            if i % step == 0:
-                yield element
-    else:
-        for i, element in enumerate(it):
-            if i % step == 0 and i + start < end - start:
-                yield element
-            elif i + start >= end - start:
-                break
-
-
 def repeat(item, count):
     for i in range(count):
         yield item
diff --git a/torch/_dynamo/polyfills/itertools.py b/torch/_dynamo/polyfills/itertools.py
index 802a62a82c8..a829d2e9b88 100644
--- a/torch/_dynamo/polyfills/itertools.py
+++ b/torch/_dynamo/polyfills/itertools.py
@@ -13,6 +13,7 @@ from ..decorators import substitute_in_graph
 __all__ = [
     "chain",
     "chain_from_iterable",
+    "islice",
     "tee",
 ]
 
@@ -35,6 +36,35 @@ def chain_from_iterable(iterable: Iterable[Iterable[_T]], /) -> Iterator[_T]:
 chain.from_iterable = chain_from_iterable  # type: ignore[method-assign]
 
 
+# Reference: https://docs.python.org/3/library/itertools.html#itertools.islice
+@substitute_in_graph(itertools.islice, is_embedded_type=True)  # type: ignore[arg-type]
+def islice(iterable: Iterable[_T], /, *args: int | None) -> Iterator[_T]:
+    s = slice(*args)
+    start = 0 if s.start is None else s.start
+    stop = s.stop
+    step = 1 if s.step is None else s.step
+    if start < 0 or (stop is not None and stop < 0) or step <= 0:
+        raise ValueError(
+            "Indices for islice() must be None or an integer: 0 <= x <= sys.maxsize.",
+        )
+
+    if stop is None:
+        # TODO: use indices = itertools.count() and merge implementation with the else branch
+        #       when we support infinite iterators
+        next_i = start
+        for i, element in enumerate(iterable):
+            if i == next_i:
+                yield element
+                next_i += step
+    else:
+        indices = range(max(start, stop))
+        next_i = start
+        for i, element in zip(indices, iterable):
+            if i == next_i:
+                yield element
+                next_i += step
+
+
 # Reference: https://docs.python.org/3/library/itertools.html#itertools.tee
 @substitute_in_graph(itertools.tee)
 def tee(iterable: Iterable[_T], n: int = 2, /) -> tuple[Iterator[_T], ...]:
diff --git a/torch/_dynamo/trace_rules.py b/torch/_dynamo/trace_rules.py
index 464b411a8b9..e8692fe4789 100644
--- a/torch/_dynamo/trace_rules.py
+++ b/torch/_dynamo/trace_rules.py
@@ -12,7 +12,6 @@ import enum
 import functools
 import importlib
 import inspect
-import itertools
 import linecache
 import logging
 import multiprocessing
@@ -2993,7 +2992,6 @@ def _builtin_function_ids() -> Dict[int, str]:
             if not k.startswith("_") and callable(v)
         }
     )
-    rv.update({id(v): f"itertools.{v.__name__}" for v in (itertools.islice,)})
     rv.update(
         {
             id(cast): "typing.cast",
diff --git a/torch/_dynamo/variables/builtin.py b/torch/_dynamo/variables/builtin.py
index 279981465b2..919daf6fbd2 100644
--- a/torch/_dynamo/variables/builtin.py
+++ b/torch/_dynamo/variables/builtin.py
@@ -1873,15 +1873,6 @@ class BuiltinVariable(VariableTracker):
                 )
             return variables.ListVariable(items)
 
-    def call_islice(self, tx: "InstructionTranslator", iterable, *args):
-        if iterable.has_unpack_var_sequence(tx) and all(
-            x.is_python_constant() for x in args
-        ):
-            const_args = [x.as_python_constant() for x in args]
-            items = iterable.unpack_var_sequence(tx)
-            items = list(itertools.islice(items, *const_args))
-            return variables.TupleVariable(items)
-
     # neg is a constant fold function, so we only get here if constant fold is not valid
     def call_neg(self, tx: "InstructionTranslator", a):
         if isinstance(a, SymNodeVariable):
diff --git a/torch/_dynamo/variables/iter.py b/torch/_dynamo/variables/iter.py
index ed3ae786634..34c2354026a 100644
--- a/torch/_dynamo/variables/iter.py
+++ b/torch/_dynamo/variables/iter.py
@@ -166,12 +166,6 @@ class ItertoolsVariable(VariableTracker):
                     from_exc=e,
                 )
             return variables.ListIteratorVariable(result, mutable_local=MutableLocal())
-        elif self.value is itertools.islice:
-            from .builder import SourcelessBuilder
-
-            return tx.inline_user_function_return(
-                SourcelessBuilder.create(tx, polyfills.islice), args, kwargs
-            )
         elif self.value is itertools.repeat:
             if len(args) < 2:
                 return variables.RepeatIteratorVariable(