diff --git a/drivers/xen/balloon.c b/drivers/xen/balloon.c
index 747a15acbce37cc1853fd49121d6d2776d18388d..6fa7209f24f43fb8c849305608c050ee96f05b51 100644
--- a/drivers/xen/balloon.c
+++ b/drivers/xen/balloon.c
@@ -395,7 +395,8 @@ static struct notifier_block xen_memory_nb = {
 #else
 static enum bp_state reserve_additional_memory(void)
 {
-	balloon_stats.target_pages = balloon_stats.current_pages;
+	balloon_stats.target_pages = balloon_stats.current_pages +
+				     balloon_stats.target_unpopulated;
 	return BP_ECANCELED;
 }
 #endif /* CONFIG_XEN_BALLOON_MEMORY_HOTPLUG */