Methods and apparatuses for processing speculative read requests in a system cache within a memory controller. To expedite a speculative read request, the request is sent on parallel paths through the system cache. A first path goes through a speculative read engine to determine if the speculative read request meets the conditions for accessing memory. A second path involves performing a tag lookup to determine if the data referenced by the request is already in the system cache. If the speculative read request meets the conditions for accessing memory, the request is sent to a miss queue where it is held until a confirm or cancel signal is received from the tag lookup mechanism.