diff --git a/drivers/net/phy/mdio_bus.c b/drivers/net/phy/mdio_bus.c
index 931b9a6c5dc5..bdce184759ef 100644
--- a/drivers/net/phy/mdio_bus.c
+++ b/drivers/net/phy/mdio_bus.c
@@ -89,8 +89,11 @@ int mdiobus_register_device(struct mdio_device *mdiodev)
 			return err;
 
 		err = mdiobus_register_reset(mdiodev);
-		if (err)
+		if (err) {
+			gpiod_put(mdiodev->reset_gpio);
+			mdiodev->reset_gpio = NULL;
 			return err;
+		}
 
 		/* Assert the reset signal */
 		mdio_device_reset(mdiodev, 1);