diff --git a/drivers/cpufreq/cpufreq-dt.c b/drivers/cpufreq/cpufreq-dt.c
index 528a82bf5038..c6e7033076de 100644
--- a/drivers/cpufreq/cpufreq-dt.c
+++ b/drivers/cpufreq/cpufreq-dt.c
@@ -184,7 +184,6 @@ static int allocate_resources(int cpu, struct device **cdev,
 
 static int cpufreq_init(struct cpufreq_policy *policy)
 {
-	struct cpufreq_dt_platform_data *pd;
 	struct cpufreq_frequency_table *freq_table;
 	struct device_node *np;
 	struct private_data *priv;
@@ -193,6 +192,7 @@ static int cpufreq_init(struct cpufreq_policy *policy)
 	struct clk *cpu_clk;
 	unsigned long min_uV = ~0, max_uV = 0;
 	unsigned int transition_latency;
+	bool need_update = false;
 	int ret;
 
 	ret = allocate_resources(policy->cpu, &cpu_dev, &cpu_reg, &cpu_clk);
@@ -208,8 +208,47 @@ static int cpufreq_init(struct cpufreq_policy *policy)
 		goto out_put_reg_clk;
 	}
 
-	/* OPPs might be populated at runtime, don't check for error here */
-	of_init_opp_table(cpu_dev);
+	/* Get OPP-sharing information from "operating-points-v2" bindings */
+	ret = of_get_cpus_sharing_opps(cpu_dev, policy->cpus);
+	if (ret) {
+		/*
+		 * operating-points-v2 not supported, fallback to old method of
+		 * finding shared-OPPs for backward compatibility.
+		 */
+		if (ret == -ENOENT)
+			need_update = true;
+		else
+			goto out_node_put;
+	}
+
+	/*
+	 * Initialize OPP tables for all policy->cpus. They will be shared by
+	 * all CPUs which have marked their CPUs shared with OPP bindings.
+	 *
+	 * For platforms not using operating-points-v2 bindings, we do this
+	 * before updating policy->cpus. Otherwise, we will end up creating
+	 * duplicate OPPs for policy->cpus.
+	 *
+	 * OPPs might be populated at runtime, don't check for error here
+	 */
+	of_cpumask_init_opp_table(policy->cpus);
+
+	if (need_update) {
+		struct cpufreq_dt_platform_data *pd = cpufreq_get_driver_data();
+
+		if (!pd || !pd->independent_clocks)
+			cpumask_setall(policy->cpus);
+
+		/*
+		 * OPP tables are initialized only for policy->cpu, do it for
+		 * others as well.
+		 */
+		set_cpus_sharing_opps(cpu_dev, policy->cpus);
+
+		of_property_read_u32(np, "clock-latency", &transition_latency);
+	} else {
+		transition_latency = dev_pm_opp_get_max_clock_latency(cpu_dev);
+	}
 
 	/*
 	 * But we need OPP table to function so if it is not there let's
@@ -230,7 +269,7 @@ static int cpufreq_init(struct cpufreq_policy *policy)
 
 	of_property_read_u32(np, "voltage-tolerance", &priv->voltage_tolerance);
 
-	if (of_property_read_u32(np, "clock-latency", &transition_latency))
+	if (!transition_latency)
 		transition_latency = CPUFREQ_ETERNAL;
 
 	if (!IS_ERR(cpu_reg)) {
@@ -293,10 +332,6 @@ static int cpufreq_init(struct cpufreq_policy *policy)
 
 	policy->cpuinfo.transition_latency = transition_latency;
 
-	pd = cpufreq_get_driver_data();
-	if (!pd || !pd->independent_clocks)
-		cpumask_setall(policy->cpus);
-
 	of_node_put(np);
 
 	return 0;
@@ -306,7 +341,8 @@ static int cpufreq_init(struct cpufreq_policy *policy)
 out_free_priv:
 	kfree(priv);
 out_free_opp:
-	of_free_opp_table(cpu_dev);
+	of_cpumask_free_opp_table(policy->cpus);
+out_node_put:
 	of_node_put(np);
 out_put_reg_clk:
 	clk_put(cpu_clk);
@@ -322,7 +358,7 @@ static int cpufreq_exit(struct cpufreq_policy *policy)
 
 	cpufreq_cooling_unregister(priv->cdev);
 	dev_pm_opp_free_cpufreq_table(priv->cpu_dev, &policy->freq_table);
-	of_free_opp_table(priv->cpu_dev);
+	of_cpumask_free_opp_table(policy->related_cpus);
 	clk_put(policy->clk);
 	if (!IS_ERR(priv->cpu_reg))
 		regulator_put(priv->cpu_reg);