diff --git a/fs/smb/client/cached_dir.c b/fs/smb/client/cached_dir.c
index adcba13352045..bb9d4c284ce57 100644
--- a/fs/smb/client/cached_dir.c
+++ b/fs/smb/client/cached_dir.c
@@ -59,6 +59,16 @@ static struct cached_fid *find_or_create_cached_dir(struct cached_fids *cfids,
 	list_add(&cfid->entry, &cfids->entries);
 	cfid->on_list = true;
 	kref_get(&cfid->refcount);
+	/*
+	 * Set @cfid->has_lease to true during construction so that the lease
+	 * reference can be put in cached_dir_lease_break() due to a potential
+	 * lease break right after the request is sent or while @cfid is still
+	 * being cached, or if a reconnection is triggered during construction.
+	 * Concurrent processes won't be to use it yet due to @cfid->time being
+	 * zero.
+	 */
+	cfid->has_lease = true;
+
 	spin_unlock(&cfids->cfid_list_lock);
 	return cfid;
 }
@@ -176,12 +186,12 @@ int open_cached_dir(unsigned int xid, struct cifs_tcon *tcon,
 		return -ENOENT;
 	}
 	/*
-	 * Return cached fid if it has a lease.  Otherwise, it is either a new
-	 * entry or laundromat worker removed it from @cfids->entries.  Caller
-	 * will put last reference if the latter.
+	 * Return cached fid if it is valid (has a lease and has a time).
+	 * Otherwise, it is either a new entry or laundromat worker removed it
+	 * from @cfids->entries.  Caller will put last reference if the latter.
 	 */
 	spin_lock(&cfids->cfid_list_lock);
-	if (cfid->has_lease) {
+	if (cfid->has_lease && cfid->time) {
 		spin_unlock(&cfids->cfid_list_lock);
 		*ret_cfid = cfid;
 		kfree(utf16_path);
@@ -267,15 +277,6 @@ int open_cached_dir(unsigned int xid, struct cifs_tcon *tcon,
 
 	smb2_set_related(&rqst[1]);
 
-	/*
-	 * Set @cfid->has_lease to true before sending out compounded request so
-	 * its lease reference can be put in cached_dir_lease_break() due to a
-	 * potential lease break right after the request is sent or while @cfid
-	 * is still being cached.  Concurrent processes won't be to use it yet
-	 * due to @cfid->time being zero.
-	 */
-	cfid->has_lease = true;
-
 	if (retries) {
 		smb2_set_replay(server, &rqst[0]);
 		smb2_set_replay(server, &rqst[1]);