diff --git a/docs/CHANGELOG.md b/docs/CHANGELOG.md
index 6499a9dee..2e39cd506 100644
--- a/docs/CHANGELOG.md
+++ b/docs/CHANGELOG.md
@@ -10,6 +10,10 @@ nav_order: 6
 
 ## main
 
+* Fix setting custom `preview_paths`.
+
+    *Thomas von Deyen*
+
 * Introduce component-local config and migrate `strip_trailing_whitespace` to use it under the hood.
 
     *Simon Fish*
diff --git a/lib/view_component/engine.rb b/lib/view_component/engine.rb
index b920eb5d8..0a8fb5887 100644
--- a/lib/view_component/engine.rb
+++ b/lib/view_component/engine.rb
@@ -76,12 +76,12 @@ class Engine < Rails::Engine # :nodoc:
     end
     # :nocov:
 
-    initializer "view_component.set_autoload_paths" do |app|
+    initializer "view_component.set_autoload_paths", before: :set_autoload_paths do |app|
       options = app.config.view_component
 
       if options.show_previews && !options.preview_paths.empty?
-        paths_to_add = options.preview_paths - ActiveSupport::Dependencies.autoload_paths
-        ActiveSupport::Dependencies.autoload_paths.concat(paths_to_add) if paths_to_add.any?
+        paths_to_add = options.preview_paths - app.config.autoload_paths
+        app.config.autoload_paths.concat(paths_to_add) if paths_to_add.any?
       end
     end