diff --git a/fs/xfs/xfs_fsops.c b/fs/xfs/xfs_fsops.c
index e555a8bbdbd7fbccda5ca5a954f77b35337fcb4d..81cb2b3b20f2df0a9795815fd2267024369ee524 100644
--- a/fs/xfs/xfs_fsops.c
+++ b/fs/xfs/xfs_fsops.c
@@ -392,18 +392,17 @@ xfs_reserve_blocks(
 		 * count or we'll get an ENOSPC.  Don't set the reserved flag
 		 * here - we don't want to reserve the extra reserve blocks
 		 * from the reserve.
+		 *
+		 * The desired reserve size can change after we drop the lock.
+		 * Use mod_fdblocks to put the space into the reserve or into
+		 * fdblocks as appropriate.
 		 */
 		fdblks_delta = min(free, delta);
 		spin_unlock(&mp->m_sb_lock);
 		error = xfs_mod_fdblocks(mp, -fdblks_delta, 0);
-		spin_lock(&mp->m_sb_lock);
-
-		/*
-		 * Update the reserve counters if blocks have been successfully
-		 * allocated.
-		 */
 		if (!error)
-			mp->m_resblks_avail += fdblks_delta;
+			xfs_mod_fdblocks(mp, fdblks_delta, 0);
+		spin_lock(&mp->m_sb_lock);
 	}
 out:
 	if (outval) {