diff --git a/NEWS b/NEWS
index 1bd6df98cdd..901d9f5e077 100644
--- a/NEWS
+++ b/NEWS
@@ -3,6 +3,8 @@ PHP                                                                        NEWS
 ?? ??? 2016 PHP 7.0.15
 
 - Core:
+  . Fixed bug #73663 ("Invalid opcode 65/16/8" occurs with a variable created
+    with list()). (Laruence)
   . Fixed bug #73585 (Logging of "Internal Zend error - Missing class
     information" missing class name). (Laruence)
 
diff --git a/Zend/tests/bug73663.phpt b/Zend/tests/bug73663.phpt
new file mode 100644
index 00000000000..66b9a0565d8
--- /dev/null
+++ b/Zend/tests/bug73663.phpt
@@ -0,0 +1,73 @@
+--TEST--
+Bug #73663 ("Invalid opcode 65/16/8" occurs with a variable created with list())
+--FILE--
+<?php
+function change(&$ref) {
+	$ref = range(1, 10);
+	return;
+}
+
+$func = function (&$ref) {
+	return change($ref);
+};
+
+$array = [1];
+var_dump(list($val) = $array); // NG: Invalid opcode
+
+change(list($val) = $array);
+var_dump($array);
+
+$array = [1];
+
+$func(list($val) = $array);
+var_dump($array);
+?>
+--EXPECT--
+array(1) {
+  [0]=>
+  int(1)
+}
+array(10) {
+  [0]=>
+  int(1)
+  [1]=>
+  int(2)
+  [2]=>
+  int(3)
+  [3]=>
+  int(4)
+  [4]=>
+  int(5)
+  [5]=>
+  int(6)
+  [6]=>
+  int(7)
+  [7]=>
+  int(8)
+  [8]=>
+  int(9)
+  [9]=>
+  int(10)
+}
+array(10) {
+  [0]=>
+  int(1)
+  [1]=>
+  int(2)
+  [2]=>
+  int(3)
+  [3]=>
+  int(4)
+  [4]=>
+  int(5)
+  [5]=>
+  int(6)
+  [6]=>
+  int(7)
+  [7]=>
+  int(8)
+  [8]=>
+  int(9)
+  [9]=>
+  int(10)
+}
diff --git a/Zend/zend_compile.c b/Zend/zend_compile.c
index ca6b7f29c36..4b7b9979a5b 100644
--- a/Zend/zend_compile.c
+++ b/Zend/zend_compile.c
@@ -2781,12 +2781,21 @@ uint32_t zend_compile_args(zend_ast *ast, zend_function *fbc) /* {{{ */
 			}
 		} else {
 			zend_compile_expr(&arg_node, arg);
-			ZEND_ASSERT(arg_node.op_type != IS_CV);
 			if (arg_node.op_type == IS_VAR) {
 				opcode = ZEND_SEND_VAR_NO_REF;
 				if (fbc && ARG_MUST_BE_SENT_BY_REF(fbc, arg_num)) {
 					flags |= ZEND_ARG_SEND_BY_REF;
 				}
+			} else if (arg_node.op_type == IS_CV) {
+				if (fbc) {
+					if (ARG_SHOULD_BE_SENT_BY_REF(fbc, arg_num)) {
+						opcode = ZEND_SEND_REF;
+					} else {
+						opcode = ZEND_SEND_VAR;
+					}
+				} else {
+					opcode = ZEND_SEND_VAR_EX;
+				}
 			} else {
 				if (fbc) {
 					opcode = ZEND_SEND_VAL;