diff --git a/drivers/net/bonding/bond_main.c b/drivers/net/bonding/bond_main.c
index f9849174842091..bb9c3d6ef43592 100644
--- a/drivers/net/bonding/bond_main.c
+++ b/drivers/net/bonding/bond_main.c
@@ -428,6 +428,7 @@ static int bond_ipsec_add_sa(struct xfrm_state *xs,
 {
 	struct net_device *bond_dev = xs->xso.dev;
 	struct net_device *real_dev;
+	netdevice_tracker tracker;
 	struct bond_ipsec *ipsec;
 	struct bonding *bond;
 	struct slave *slave;
@@ -439,24 +440,26 @@ static int bond_ipsec_add_sa(struct xfrm_state *xs,
 	rcu_read_lock();
 	bond = netdev_priv(bond_dev);
 	slave = rcu_dereference(bond->curr_active_slave);
-	if (!slave) {
-		rcu_read_unlock();
-		return -ENODEV;
+	real_dev = slave ? slave->dev : NULL;
+	netdev_hold(real_dev, &tracker, GFP_ATOMIC);
+	rcu_read_unlock();
+	if (!real_dev) {
+		err = -ENODEV;
+		goto out;
 	}
 
-	real_dev = slave->dev;
 	if (!real_dev->xfrmdev_ops ||
 	    !real_dev->xfrmdev_ops->xdo_dev_state_add ||
 	    netif_is_bond_master(real_dev)) {
 		NL_SET_ERR_MSG_MOD(extack, "Slave does not support ipsec offload");
-		rcu_read_unlock();
-		return -EINVAL;
+		err = -EINVAL;
+		goto out;
 	}
 
-	ipsec = kmalloc(sizeof(*ipsec), GFP_ATOMIC);
+	ipsec = kmalloc(sizeof(*ipsec), GFP_KERNEL);
 	if (!ipsec) {
-		rcu_read_unlock();
-		return -ENOMEM;
+		err = -ENOMEM;
+		goto out;
 	}
 
 	xs->xso.real_dev = real_dev;
@@ -464,13 +467,14 @@ static int bond_ipsec_add_sa(struct xfrm_state *xs,
 	if (!err) {
 		ipsec->xs = xs;
 		INIT_LIST_HEAD(&ipsec->list);
-		spin_lock_bh(&bond->ipsec_lock);
+		mutex_lock(&bond->ipsec_lock);
 		list_add(&ipsec->list, &bond->ipsec_list);
-		spin_unlock_bh(&bond->ipsec_lock);
+		mutex_unlock(&bond->ipsec_lock);
 	} else {
 		kfree(ipsec);
 	}
-	rcu_read_unlock();
+out:
+	netdev_put(real_dev, &tracker);
 	return err;
 }
 
@@ -481,35 +485,35 @@ static void bond_ipsec_add_sa_all(struct bonding *bond)
 	struct bond_ipsec *ipsec;
 	struct slave *slave;
 
-	rcu_read_lock();
-	slave = rcu_dereference(bond->curr_active_slave);
-	if (!slave)
-		goto out;
+	slave = rtnl_dereference(bond->curr_active_slave);
+	real_dev = slave ? slave->dev : NULL;
+	if (!real_dev)
+		return;
 
-	real_dev = slave->dev;
+	mutex_lock(&bond->ipsec_lock);
 	if (!real_dev->xfrmdev_ops ||
 	    !real_dev->xfrmdev_ops->xdo_dev_state_add ||
 	    netif_is_bond_master(real_dev)) {
-		spin_lock_bh(&bond->ipsec_lock);
 		if (!list_empty(&bond->ipsec_list))
 			slave_warn(bond_dev, real_dev,
 				   "%s: no slave xdo_dev_state_add\n",
 				   __func__);
-		spin_unlock_bh(&bond->ipsec_lock);
 		goto out;
 	}
 
-	spin_lock_bh(&bond->ipsec_lock);
 	list_for_each_entry(ipsec, &bond->ipsec_list, list) {
+		/* If new state is added before ipsec_lock acquired */
+		if (ipsec->xs->xso.real_dev == real_dev)
+			continue;
+
 		ipsec->xs->xso.real_dev = real_dev;
 		if (real_dev->xfrmdev_ops->xdo_dev_state_add(ipsec->xs, NULL)) {
 			slave_warn(bond_dev, real_dev, "%s: failed to add SA\n", __func__);
 			ipsec->xs->xso.real_dev = NULL;
 		}
 	}
-	spin_unlock_bh(&bond->ipsec_lock);
 out:
-	rcu_read_unlock();
+	mutex_unlock(&bond->ipsec_lock);
 }
 
 /**
@@ -520,6 +524,7 @@ static void bond_ipsec_del_sa(struct xfrm_state *xs)
 {
 	struct net_device *bond_dev = xs->xso.dev;
 	struct net_device *real_dev;
+	netdevice_tracker tracker;
 	struct bond_ipsec *ipsec;
 	struct bonding *bond;
 	struct slave *slave;
@@ -530,6 +535,9 @@ static void bond_ipsec_del_sa(struct xfrm_state *xs)
 	rcu_read_lock();
 	bond = netdev_priv(bond_dev);
 	slave = rcu_dereference(bond->curr_active_slave);
+	real_dev = slave ? slave->dev : NULL;
+	netdev_hold(real_dev, &tracker, GFP_ATOMIC);
+	rcu_read_unlock();
 
 	if (!slave)
 		goto out;
@@ -537,7 +545,6 @@ static void bond_ipsec_del_sa(struct xfrm_state *xs)
 	if (!xs->xso.real_dev)
 		goto out;
 
-	real_dev = slave->dev;
 	WARN_ON(xs->xso.real_dev != real_dev);
 
 	if (!real_dev->xfrmdev_ops ||
@@ -549,7 +556,8 @@ static void bond_ipsec_del_sa(struct xfrm_state *xs)
 
 	real_dev->xfrmdev_ops->xdo_dev_state_delete(xs);
 out:
-	spin_lock_bh(&bond->ipsec_lock);
+	netdev_put(real_dev, &tracker);
+	mutex_lock(&bond->ipsec_lock);
 	list_for_each_entry(ipsec, &bond->ipsec_list, list) {
 		if (ipsec->xs == xs) {
 			list_del(&ipsec->list);
@@ -557,8 +565,7 @@ static void bond_ipsec_del_sa(struct xfrm_state *xs)
 			break;
 		}
 	}
-	spin_unlock_bh(&bond->ipsec_lock);
-	rcu_read_unlock();
+	mutex_unlock(&bond->ipsec_lock);
 }
 
 static void bond_ipsec_del_sa_all(struct bonding *bond)
@@ -568,15 +575,12 @@ static void bond_ipsec_del_sa_all(struct bonding *bond)
 	struct bond_ipsec *ipsec;
 	struct slave *slave;
 
-	rcu_read_lock();
-	slave = rcu_dereference(bond->curr_active_slave);
-	if (!slave) {
-		rcu_read_unlock();
+	slave = rtnl_dereference(bond->curr_active_slave);
+	real_dev = slave ? slave->dev : NULL;
+	if (!real_dev)
 		return;
-	}
 
-	real_dev = slave->dev;
-	spin_lock_bh(&bond->ipsec_lock);
+	mutex_lock(&bond->ipsec_lock);
 	list_for_each_entry(ipsec, &bond->ipsec_list, list) {
 		if (!ipsec->xs->xso.real_dev)
 			continue;
@@ -593,8 +597,7 @@ static void bond_ipsec_del_sa_all(struct bonding *bond)
 				real_dev->xfrmdev_ops->xdo_dev_state_free(ipsec->xs);
 		}
 	}
-	spin_unlock_bh(&bond->ipsec_lock);
-	rcu_read_unlock();
+	mutex_unlock(&bond->ipsec_lock);
 }
 
 static void bond_ipsec_free_sa(struct xfrm_state *xs)
@@ -5921,7 +5924,7 @@ void bond_setup(struct net_device *bond_dev)
 	/* set up xfrm device ops (only supported in active-backup right now) */
 	bond_dev->xfrmdev_ops = &bond_xfrmdev_ops;
 	INIT_LIST_HEAD(&bond->ipsec_list);
-	spin_lock_init(&bond->ipsec_lock);
+	mutex_init(&bond->ipsec_lock);
 #endif /* CONFIG_XFRM_OFFLOAD */
 
 	/* don't acquire bond device's netif_tx_lock when transmitting */
@@ -5970,6 +5973,10 @@ static void bond_uninit(struct net_device *bond_dev)
 		__bond_release_one(bond_dev, slave->dev, true, true);
 	netdev_info(bond_dev, "Released all slaves\n");
 
+#ifdef CONFIG_XFRM_OFFLOAD
+	mutex_destroy(&bond->ipsec_lock);
+#endif /* CONFIG_XFRM_OFFLOAD */
+
 	bond_set_slave_arr(bond, NULL, NULL);
 
 	list_del_rcu(&bond->bond_list);
diff --git a/include/net/bonding.h b/include/net/bonding.h
index b61fb1aa3a56b5..8bb5f016969f10 100644
--- a/include/net/bonding.h
+++ b/include/net/bonding.h
@@ -260,7 +260,7 @@ struct bonding {
 #ifdef CONFIG_XFRM_OFFLOAD
 	struct list_head ipsec_list;
 	/* protecting ipsec_list */
-	spinlock_t ipsec_lock;
+	struct mutex ipsec_lock;
 #endif /* CONFIG_XFRM_OFFLOAD */
 	struct bpf_prog *xdp_prog;
 };