diff --git a/core/trino-main/src/main/java/io/trino/execution/scheduler/BinPackingNodeAllocatorService.java b/core/trino-main/src/main/java/io/trino/execution/scheduler/BinPackingNodeAllocatorService.java
index 6a220213cea7..49d01a341fd2 100644
--- a/core/trino-main/src/main/java/io/trino/execution/scheduler/BinPackingNodeAllocatorService.java
+++ b/core/trino-main/src/main/java/io/trino/execution/scheduler/BinPackingNodeAllocatorService.java
@@ -247,6 +247,7 @@ synchronized void processPendingAcquires()
                     iterator.remove();
                     break;
                 case NOT_ENOUGH_RESOURCES_NOW:
+                    pendingAcquire.resetNoMatchingNodeFound();
                     break; // nothing to be done
                 default:
                     throw new IllegalArgumentException("unknown status: " + result.getStatus());
@@ -339,6 +340,11 @@ public Duration markNoMatchingNodeFound()
             }
             return noMatchingNodeStopwatch.elapsed();
         }
+
+        public void resetNoMatchingNodeFound()
+        {
+            noMatchingNodeStopwatch.reset();
+        }
     }
 
     private class BinPackingNodeLease
diff --git a/core/trino-main/src/test/java/io/trino/execution/scheduler/TestBinPackingNodeAllocator.java b/core/trino-main/src/test/java/io/trino/execution/scheduler/TestBinPackingNodeAllocator.java
index 4809abb676e1..e85c1eed5761 100644
--- a/core/trino-main/src/test/java/io/trino/execution/scheduler/TestBinPackingNodeAllocator.java
+++ b/core/trino-main/src/test/java/io/trino/execution/scheduler/TestBinPackingNodeAllocator.java
@@ -45,6 +45,7 @@
 import static io.trino.testing.TestingHandles.createTestCatalogHandle;
 import static io.trino.testing.TestingSession.testSessionBuilder;
 import static java.time.temporal.ChronoUnit.MINUTES;
+import static org.assertj.core.api.Assertions.assertThat;
 import static org.assertj.core.api.Assertions.assertThatThrownBy;
 import static org.testng.Assert.assertEquals;
 import static org.testng.Assert.assertFalse;
@@ -349,6 +350,50 @@ public void testNoMatchingNodeAvailable()
         }
     }
 
+    @Test(timeOut = TEST_TIMEOUT)
+    public void testNoMatchingNodeAvailableTimeoutReset()
+    {
+        InMemoryNodeManager nodeManager = new InMemoryNodeManager();
+        setupNodeAllocatorService(nodeManager);
+
+        try (NodeAllocator nodeAllocator = nodeAllocatorService.getNodeAllocator(SESSION)) {
+            // request a node with specific catalog (not present)
+            NodeAllocator.NodeLease acquireNoMatching1 = nodeAllocator.acquire(REQ_CATALOG_1, DataSize.of(64, GIGABYTE));
+            NodeAllocator.NodeLease acquireNoMatching2 = nodeAllocator.acquire(REQ_CATALOG_1, DataSize.of(64, GIGABYTE));
+            assertNotAcquired(acquireNoMatching1);
+            assertNotAcquired(acquireNoMatching2);
+
+            // wait for a while and add a node
+            ticker.increment(30, TimeUnit.SECONDS); // past 1 minute timeout
+            nodeManager.addNodes(NODE_2);
+
+            // only one of the leases should be completed but timeout counter for period where no nodes
+            // are available should be reset for the other one
+            nodeAllocatorService.processPendingAcquires();
+            assertThat(acquireNoMatching1.getNode().isDone() != acquireNoMatching2.getNode().isDone())
+                    .describedAs("exactly one of pending acquires should be completed")
+                    .isTrue();
+
+            NodeAllocator.NodeLease theAcquireLease = acquireNoMatching1.getNode().isDone() ? acquireNoMatching1 : acquireNoMatching2;
+            NodeAllocator.NodeLease theNotAcquireLease = acquireNoMatching1.getNode().isDone() ? acquireNoMatching2 : acquireNoMatching1;
+
+            // remove the node - we are again in situation where no matching nodes exist in cluster
+            nodeManager.removeNode(NODE_2);
+            theAcquireLease.release();
+            nodeAllocatorService.processPendingAcquires();
+            assertNotAcquired(theNotAcquireLease);
+
+            ticker.increment(59, TimeUnit.SECONDS); // still below 1m timeout as the reset happened in previous step
+            nodeAllocatorService.processPendingAcquires();
+            assertNotAcquired(theNotAcquireLease);
+
+            ticker.increment(2, TimeUnit.SECONDS);
+            nodeAllocatorService.processPendingAcquires();
+            assertThatThrownBy(() -> Futures.getUnchecked(theNotAcquireLease.getNode()))
+                    .hasMessageContaining("No nodes available to run query");
+        }
+    }
+
     @Test(timeOut = TEST_TIMEOUT)
     public void testRemoveAcquiredNode()
     {