diff --git a/src/pluggy/_hooks.py b/src/pluggy/_hooks.py
index 7fde78c9..7ef13081 100644
--- a/src/pluggy/_hooks.py
+++ b/src/pluggy/_hooks.py
@@ -11,6 +11,7 @@
 from collections.abc import Set
 import inspect
 import sys
+import types
 from types import ModuleType
 from typing import Any
 from typing import Final
@@ -288,6 +289,8 @@ def normalize_hookimpl_opts(opts: HookimplOpts) -> None:
 
 
 _PYPY = hasattr(sys, "pypy_version_info")
+# pypy3 uses "obj" instead of "self" for default dunder methods
+_IMPLICIT_NAMES = ("self", "obj") if _PYPY else ("self",)
 
 
 def varnames(func: object) -> tuple[tuple[str, ...], tuple[str, ...]]:
@@ -308,49 +311,32 @@ def varnames(func: object) -> tuple[tuple[str, ...], tuple[str, ...]]:
         except Exception:  # pragma: no cover - pypy special case
             return (), ()
 
+    # Unwrap decorated functions to get the original signature
+    func = inspect.unwrap(func)  # type: ignore[arg-type]
+    if inspect.ismethod(func):
+        func = func.__func__
+
     try:
-        # func MUST be a function or method here or we won't parse any args.
-        sig = inspect.signature(
-            func.__func__ if inspect.ismethod(func) else func  # type:ignore[arg-type]
-        )
-    except TypeError:  # pragma: no cover
+        code: types.CodeType = func.__code__  # type: ignore[attr-defined]
+        defaults: tuple[object, ...] | None = func.__defaults__  # type: ignore[attr-defined]
+        qualname: str = func.__qualname__  # type: ignore[attr-defined]
+    except AttributeError:  # pragma: no cover
         return (), ()
 
-    _valid_param_kinds = (
-        inspect.Parameter.POSITIONAL_ONLY,
-        inspect.Parameter.POSITIONAL_OR_KEYWORD,
-    )
-    _valid_params = {
-        name: param
-        for name, param in sig.parameters.items()
-        if param.kind in _valid_param_kinds
-    }
-    args = tuple(_valid_params)
-    defaults = (
-        tuple(
-            param.default
-            for param in _valid_params.values()
-            if param.default is not param.empty
-        )
-        or None
-    )
+    # Get positional argument names (positional-only + positional-or-keyword)
+    args: tuple[str, ...] = code.co_varnames[: code.co_argcount]
 
+    # Determine which args have defaults
+    kwargs: tuple[str, ...]
     if defaults:
         index = -len(defaults)
-        args, kwargs = args[:index], tuple(args[index:])
+        args, kwargs = args[:index], args[index:]
     else:
         kwargs = ()
 
-    # strip any implicit instance arg
-    # pypy3 uses "obj" instead of "self" for default dunder methods
-    if not _PYPY:
-        implicit_names: tuple[str, ...] = ("self",)
-    else:  # pragma: no cover
-        implicit_names = ("self", "obj")
-    if args:
-        qualname: str = getattr(func, "__qualname__", "")
-        if inspect.ismethod(func) or ("." in qualname and args[0] in implicit_names):
-            args = args[1:]
+    # Strip implicit instance arg (self/obj for methods)
+    if args and "." in qualname and args[0] in _IMPLICIT_NAMES:
+        args = args[1:]
 
     return args, kwargs
 
diff --git a/testing/test_helpers.py b/testing/test_helpers.py
index a08e3d7a..2567affd 100644
--- a/testing/test_helpers.py
+++ b/testing/test_helpers.py
@@ -114,3 +114,25 @@ def example_method(self, x, y=1) -> None:
     assert varnames(example) == (("a",), ("b",))
     assert varnames(Example.example_method) == (("x",), ("y",))
     assert varnames(ex_inst.example_method) == (("x",), ("y",))
+
+
+def test_varnames_unresolvable_annotation() -> None:
+    """Test that varnames works with annotations that cannot be resolved.
+
+    In Python 3.14+, inspect.signature() tries to resolve string annotations
+    by default, which can fail if the annotation refers to a type that isn't
+    importable. This test ensures varnames handles such cases.
+    """
+    # Create a function with an annotation that cannot be resolved
+    exec_globals: dict[str, object] = {}
+    exec(
+        """
+def func_with_unresolvable_annotation(x: "NonExistentType", y) -> None:
+    pass
+""",
+        exec_globals,
+    )
+    func = exec_globals["func_with_unresolvable_annotation"]
+
+    # Should work without trying to resolve the annotation
+    assert varnames(func) == (("x", "y"), ())