diff --git a/drivers/net/phy/phylink.c b/drivers/net/phy/phylink.c
index a7d086cdc9b2..f97fee908df6 100644
--- a/drivers/net/phy/phylink.c
+++ b/drivers/net/phy/phylink.c
@@ -78,6 +78,7 @@ struct phylink {
 
 	bool link_failed;
 	bool suspend_link_up;
+	bool suspend_speed_down;
 	bool force_major_config;
 	bool major_config_failed;
 	bool mac_supports_eee_ops;
@@ -2618,6 +2619,14 @@ void phylink_start(struct phylink *pl)
 }
 EXPORT_SYMBOL_GPL(phylink_start);
 
+static void phylink_restore_suspend_speed(struct phylink *pl)
+{
+	if (pl->suspend_speed_down) {
+		phylink_speed_up(pl);
+		pl->suspend_speed_down = false;
+	}
+}
+
 /**
  * phylink_stop() - stop a phylink instance
  * @pl: a pointer to a &struct phylink returned from phylink_create()
@@ -2629,11 +2638,30 @@ EXPORT_SYMBOL_GPL(phylink_start);
  *
  * This will synchronously bring down the link if the link is not already
  * down (in other words, it will trigger a mac_link_down() method call.)
+ * A suspended instance may be stopped without first calling phylink_resume().
+ * In particular, closing a device after a failed resume must not restart the
+ * link or reconfigure the MAC just to finish shutting it down.
+ * Any PHY advertisement reduced by phylink_suspend() is restored as part
+ * of this transition.
+ * If phylink_prepare_resume() powered up an already stopped PHY, suspend
+ * it again when Wake-on-LAN permits.
  */
 void phylink_stop(struct phylink *pl)
 {
 	ASSERT_RTNL();
 
+	/* Also undo PHY speed control when terminating a suspended instance. */
+	phylink_restore_suspend_speed(pl);
+
+	if (test_bit(PHYLINK_DISABLE_STOPPED, &pl->phylink_disable_state)) {
+		/* A failed MAC resume may have called phylink_prepare_resume()
+		 * and powered the stopped PHY back up to supply its RX clock.
+		 */
+		if (pl->phydev)
+			phy_suspend(pl->phydev);
+		return;
+	}
+
 	if (pl->sfp_bus)
 		sfp_upstream_stop(pl->sfp_bus);
 	if (pl->phydev)
@@ -2646,6 +2674,16 @@ void phylink_stop(struct phylink *pl)
 
 	phylink_run_resolve_and_disable(pl, PHYLINK_DISABLE_STOPPED);
 
+	if (test_bit(PHYLINK_DISABLE_MAC_WOL, &pl->phylink_disable_state)) {
+		/* Finish the link-down deferred by MAC WoL, without restarting. */
+		flush_work(&pl->resolve);
+		mutex_lock(&pl->state_mutex);
+		if (pl->suspend_link_up)
+			phylink_link_down(pl);
+		__clear_bit(PHYLINK_DISABLE_MAC_WOL, &pl->phylink_disable_state);
+		mutex_unlock(&pl->state_mutex);
+	}
+
 	pl->pcs_state = PCS_STATE_DOWN;
 
 	phylink_pcs_disable(pl->pcs);
@@ -2777,8 +2815,10 @@ void phylink_suspend(struct phylink *pl, bool mac_wol)
 		phylink_stop(pl);
 	}
 
-	if (phylink_phy_pm_speed_ctrl(pl))
+	if (phylink_phy_pm_speed_ctrl(pl)) {
 		phylink_speed_down(pl, false);
+		pl->suspend_speed_down = true;
+	}
 }
 EXPORT_SYMBOL_GPL(phylink_suspend);
 
@@ -2818,8 +2858,7 @@ void phylink_resume(struct phylink *pl)
 {
 	ASSERT_RTNL();
 
-	if (phylink_phy_pm_speed_ctrl(pl))
-		phylink_speed_up(pl);
+	phylink_restore_suspend_speed(pl);
 
 	if (test_bit(PHYLINK_DISABLE_MAC_WOL, &pl->phylink_disable_state)) {
 		/* Wake-on-Lan enabled, MAC handling */
@@ -3687,6 +3726,12 @@ int phylink_speed_down(struct phylink *pl, bool sync)
 
 	ASSERT_RTNL();
 
+	/* An explicit request takes over from suspend-time speed control.
+	 * Restore the original advertisement before saving it again, so a
+	 * repeated speed-down cannot replace it with the reduced advertisement.
+	 */
+	phylink_restore_suspend_speed(pl);
+
 	if (!pl->sfp_bus && pl->phydev)
 		ret = phy_speed_down(pl->phydev, sync);