diff --git a/fs/afs/callback.c b/fs/afs/callback.c
index 74853e0d0435..61354003c006 100644
--- a/fs/afs/callback.c
+++ b/fs/afs/callback.c
@@ -134,6 +134,7 @@ static struct afs_volume *afs_lookup_volume_rcu(struct afs_cell *cell,
 
 		if (volume && afs_try_get_volume(volume, afs_volume_trace_get_callback))
 			break;
+		volume = NULL;
 	}
 
 	return volume;