diff --git a/kernel/time/clockevents.c b/kernel/time/clockevents.c
index 1ecd6ba36d6c..c4eb71c8b2ea 100644
--- a/kernel/time/clockevents.c
+++ b/kernel/time/clockevents.c
@@ -387,6 +387,7 @@ void clockevents_exchange_device(struct clock_event_device *old,
 	 * released list and do a notify add later.
 	 */
 	if (old) {
+		old->event_handler = clockevents_handle_noop;
 		clockevents_set_mode(old, CLOCK_EVT_MODE_UNUSED);
 		list_del(&old->list);
 		list_add(&old->list, &clockevents_released);