diff --git a/drivers/net/phy/phy_device.c b/drivers/net/phy/phy_device.c
index 0c6efd79269071..12ff276b80aed7 100644
--- a/drivers/net/phy/phy_device.c
+++ b/drivers/net/phy/phy_device.c
@@ -316,11 +316,11 @@ static __maybe_unused int mdio_bus_phy_resume(struct device *dev)
 
 	phydev->suspended_by_mdio_bus = 0;
 
-	/* If we managed to get here with the PHY state machine in a state other
-	 * than PHY_HALTED this is an indication that something went wrong and
-	 * we should most likely be using MAC managed PM and we are not.
+	/* If we manged to get here with the PHY state machine in a state neither
+	 * PHY_HALTED nor PHY_READY this is an indication that something went wrong
+	 * and we should most likely be using MAC managed PM and we are not.
 	 */
-	WARN_ON(phydev->state != PHY_HALTED && !phydev->mac_managed_pm);
+	WARN_ON(phydev->state != PHY_HALTED && phydev->state != PHY_READY);
 
 	ret = phy_init_hw(phydev);
 	if (ret < 0)