Tiled truecolor filling looses single color transparency

[cmb69]

Description

The following code:

<?php
$tile = imagecreatetruecolor(8, 8);
$red = imagecolorallocate($tile, 255, 0, 0);
imagefilledrectangle($tile, 0, 0, 7, 7, $red);
imagecolortransparent($tile, $red);

$im = imagecreatetruecolor(64, 64);
$bg = imagecolorallocate($im, 255, 255, 255);
imagefilledrectangle($im, 0, 0, 63, 63, $bg);
imagecolortransparent($im, $bg);
$fg = imagecolorallocate($im, 0, 0, 0);
imageellipse($im, 31, 31, 50, 50, $fg);
imagesettile($im, $tile);
imagealphablending($im, false);
imagefill($im, 31, 31, IMG_COLOR_TILED);

imagegif($im);

Resulted in this output with the bundled libgd:

But I expected this output instead (like with external libgd):

PHP Version

PHP 8.3

Operating System

any