diff --git a/drivers/virtio/virtio_balloon.c b/drivers/virtio/virtio_balloon.c
index e05679c478e2..9f4117766bb1 100644
--- a/drivers/virtio/virtio_balloon.c
+++ b/drivers/virtio/virtio_balloon.c
@@ -721,6 +721,17 @@ static int virtballoon_migratepage(struct balloon_dev_info *vb_dev_info,
 
 	get_page(newpage); /* balloon reference */
 
+	/*
+	  * When we migrate a page to a different zone and adjusted the
+	  * managed page count when inflating, we have to fixup the count of
+	  * both involved zones.
+	  */
+	if (!virtio_has_feature(vb->vdev, VIRTIO_BALLOON_F_DEFLATE_ON_OOM) &&
+	    page_zone(page) != page_zone(newpage)) {
+		adjust_managed_page_count(page, 1);
+		adjust_managed_page_count(newpage, -1);
+	}
+
 	/* balloon's page migration 1st step  -- inflate "newpage" */
 	spin_lock_irqsave(&vb_dev_info->pages_lock, flags);
 	balloon_page_insert(vb_dev_info, newpage);