diff --git a/fs/xfs/xfs_fsops.c b/fs/xfs/xfs_fsops.c
index 3c6d9d6836ef..5c2bea1e12a8 100644
--- a/fs/xfs/xfs_fsops.c
+++ b/fs/xfs/xfs_fsops.c
@@ -434,11 +434,14 @@ xfs_reserve_blocks(
 	 * The code below estimates how many blocks it can request from
 	 * fdblocks to stash in the reserve pool.  This is a classic TOCTOU
 	 * race since fdblocks updates are not always coordinated via
-	 * m_sb_lock.
+	 * m_sb_lock.  Set the reserve size even if there's not enough free
+	 * space to fill it because mod_fdblocks will refill an undersized
+	 * reserve when it can.
 	 */
 	free = percpu_counter_sum(&mp->m_fdblocks) -
 						xfs_fdblocks_unavailable(mp);
 	delta = request - mp->m_resblks;
+	mp->m_resblks = request;
 	if (delta > 0 && free > 0) {
 		/*
 		 * We'll either succeed in getting space from the free block
@@ -455,10 +458,8 @@ xfs_reserve_blocks(
 		 * Update the reserve counters if blocks have been successfully
 		 * allocated.
 		 */
-		if (!error) {
-			mp->m_resblks += fdblks_delta;
+		if (!error)
 			mp->m_resblks_avail += fdblks_delta;
-		}
 	}
 out:
 	if (outval) {