A circuit and method provide rename register reallocation for simultaneous multi-threaded (SMT) processors that redistributes rename (mapped) resources between one thread during single-threaded (ST) execution and multiple threads during multi-threaded execution. The processor receives an instruction specifying a transition from a single-threaded to a multi-threaded mode or vice-versa and halts execution of all threads executing on the processor. The internal control logic then signals the resources to reallocate the resources. Rename resources are reallocated by directing an action at the rename mapper. When switching from SMT to ST mode, the mapper is directed to drop entries for the dying thread, but on a switch from ST to SMT mode, "dummy" instruction group dispatch indications are sent to the mapper that indicate use of all architected registers for each thread.