diff --git a/drivers/net/ethernet/mellanox/mlx5/core/eswitch.h b/drivers/net/ethernet/mellanox/mlx5/core/eswitch.h
index 9833d1a587cc8..d6e4ca436f399 100644
--- a/drivers/net/ethernet/mellanox/mlx5/core/eswitch.h
+++ b/drivers/net/ethernet/mellanox/mlx5/core/eswitch.h
@@ -343,6 +343,7 @@ struct mlx5_eswitch {
 	int                     mode;
 	u16                     manager_vport;
 	u16                     first_host_vport;
+	u8			num_peers;
 	struct mlx5_esw_functions esw_funcs;
 	struct {
 		u32             large_group_num;
diff --git a/drivers/net/ethernet/mellanox/mlx5/core/eswitch_offloads.c b/drivers/net/ethernet/mellanox/mlx5/core/eswitch_offloads.c
index aeb15b10048e5..09367a3207418 100644
--- a/drivers/net/ethernet/mellanox/mlx5/core/eswitch_offloads.c
+++ b/drivers/net/ethernet/mellanox/mlx5/core/eswitch_offloads.c
@@ -2836,6 +2836,8 @@ static int mlx5_esw_offloads_devcom_event(int event,
 
 		esw->paired[mlx5_get_dev_index(peer_esw->dev)] = true;
 		peer_esw->paired[mlx5_get_dev_index(esw->dev)] = true;
+		esw->num_peers++;
+		peer_esw->num_peers++;
 		mlx5_devcom_comp_set_ready(devcom, MLX5_DEVCOM_ESW_OFFLOADS, true);
 		break;
 
@@ -2843,7 +2845,10 @@ static int mlx5_esw_offloads_devcom_event(int event,
 		if (!esw->paired[mlx5_get_dev_index(peer_esw->dev)])
 			break;
 
-		mlx5_devcom_comp_set_ready(devcom, MLX5_DEVCOM_ESW_OFFLOADS, false);
+		peer_esw->num_peers--;
+		esw->num_peers--;
+		if (!esw->num_peers && !peer_esw->num_peers)
+			mlx5_devcom_comp_set_ready(devcom, MLX5_DEVCOM_ESW_OFFLOADS, false);
 		esw->paired[mlx5_get_dev_index(peer_esw->dev)] = false;
 		peer_esw->paired[mlx5_get_dev_index(esw->dev)] = false;
 		mlx5_esw_offloads_unpair(peer_esw, esw);
@@ -2884,6 +2889,7 @@ void mlx5_esw_offloads_devcom_init(struct mlx5_eswitch *esw)
 				       mlx5_esw_offloads_devcom_event,
 				       esw);
 
+	esw->num_peers = 0;
 	mlx5_devcom_send_event(devcom,
 			       MLX5_DEVCOM_ESW_OFFLOADS,
 			       ESW_OFFLOADS_DEVCOM_PAIR, esw);