Certain aspects of a method and system for host bus adapter assisted storage virtualization are disclosed. Aspects of one method may include loading storage virtualization functionality into one or more of: a storage driver, a network driver, a network interface card (NIC), and a host bus adapter. A SCSI request may be translated to obtain physical target information utilizing a translation table located on one or more of: the storage driver, the network driver, the NIC and the host bus adapter. At least a portion of a plurality of the translated SCSI requests may be cached on the host bus adapter or the NIC.