diff --git a/lightningd/channel.c b/lightningd/channel.c
index f5af2a18ac37..b98c9ec1218e 100644
--- a/lightningd/channel.c
+++ b/lightningd/channel.c
@@ -963,6 +963,10 @@ void channel_set_billboard(struct channel *channel, bool perm, const char *str)
 
 static void channel_err(struct channel *channel, const char *why)
 {
+	/* Nothing to do if channel isn't actually owned! */
+	if (!channel->owner)
+		return;
+
 	log_info(channel->log, "Peer transient failure in %s: %s",
 		 channel_state_name(channel), why);
 
diff --git a/tests/test_connection.py b/tests/test_connection.py
index 4c08924eb09b..7baeb95b10d6 100644
--- a/tests/test_connection.py
+++ b/tests/test_connection.py
@@ -4377,3 +4377,33 @@ def test_peer_disconnected_reflected_in_channel_state(node_factory):
 
     wait_for(lambda: only_one(l1.rpc.listpeers(l2.info['id'])['peers'])['connected'] is False)
     wait_for(lambda: only_one(l1.rpc.listpeerchannels(l2.info['id'])['channels'])['peer_connected'] is False)
+
+
+@pytest.mark.developer("needs dev-no-reconnect")
+def test_reconnect_no_additional_transient_failure(node_factory, bitcoind):
+    l1, l2 = node_factory.line_graph(2, opts=[{'may_reconnect': True},
+                                              {'may_reconnect': True,
+                                               'dev-no-reconnect': None}])
+    l1id = l1.info['id']
+    l2id = l2.info['id']
+    # We wait until conenction is established and channel is NORMAL
+    l2.daemon.wait_for_logs([f"{l1id}-connectd: Handed peer, entering loop",
+                             f"{l1id}-chan#1: State changed from CHANNELD_AWAITING_LOCKIN to CHANNELD_NORMAL"])
+    # We now stop l1
+    l1.stop()
+    # We wait for l2 to disconnect, ofc we also see an expected "Peer transient failure" here.
+    l2.daemon.wait_for_logs([f"{l1id}-channeld-chan#1: Peer connection lost",
+                             f"{l1id}-lightningd: peer_disconnect_done",
+                             f"{l1id}-chan#1: Peer transient failure in CHANNELD_NORMAL: channeld: Owning subdaemon channeld died"])
+
+    # When we restart l1 we should not see another Peer transient failure message.
+    offset1 = l1.daemon.logsearch_start
+    l1.start()
+
+    # We wait until l2 is fine again with l1
+    l2.daemon.wait_for_log(f"{l1id}-connectd: Handed peer, entering loop")
+
+    time.sleep(5)
+
+    # We should not see a "Peer transient failure" after restart of l1
+    assert not l1.daemon.is_in_log(f"{l2id}-chan#1: Peer transient failure in CHANNELD_NORMAL: Disconnected", start=offset1)