diff --git a/src/Utils/PartiallyAppliedFunction.php b/src/Utils/PartiallyAppliedFunction.php
index 3d75cfd..29af323 100644
--- a/src/Utils/PartiallyAppliedFunction.php
+++ b/src/Utils/PartiallyAppliedFunction.php
@@ -48,7 +48,7 @@ class PartiallyAppliedFunction implements Decorator
     {
         $result = [];
         foreach ($this->arguments as $argument) {
-            $result[] = $argument === PLACEHOLDER
+            $result[] = $argument === PLACEHOLDER && !empty($args)
                 ? array_shift($args)
                 : $argument;
         }
diff --git a/tests/PartialApplicationTest.php b/tests/PartialApplicationTest.php
index d29c63e..e79406b 100644
--- a/tests/PartialApplicationTest.php
+++ b/tests/PartialApplicationTest.php
@@ -102,4 +102,13 @@ class PartialApplicationTest extends \PHPUnit\Framework\TestCase
         $this->assertEquals(6,  $applied(3));
         $this->assertEquals(24, $applied(4));
     }
+
+    public function testPartialApplicationOfAppliedFunctionWithPlaceholders()
+    {
+
+        $applied = f\partial('array_merge', _, _, ['c']);
+        $double  = f\partial($applied, ['a']);
+
+        $this->assertEquals(['a', 'b', 'c', 'd'], $double(['b'], ['d']));
+    }
 }
\ No newline at end of file