diff --git a/block/nbd.c b/block/nbd.c
index ee9ab7512b..620c97be6b 100644
--- a/block/nbd.c
+++ b/block/nbd.c
@@ -209,11 +209,15 @@ static void nbd_teardown_connection(BlockDriverState *bs)
 {
     BDRVNBDState *s = (BDRVNBDState *)bs->opaque;
 
-    if (s->state == NBD_CLIENT_CONNECTED) {
+    if (s->ioc) {
         /* finish any pending coroutines */
-        assert(s->ioc);
         qio_channel_shutdown(s->ioc, QIO_CHANNEL_SHUTDOWN_BOTH, NULL);
+    } else if (s->sioc) {
+        /* abort negotiation */
+        qio_channel_shutdown(QIO_CHANNEL(s->sioc), QIO_CHANNEL_SHUTDOWN_BOTH,
+                             NULL);
     }
+
     s->state = NBD_CLIENT_QUIT;
     if (s->connection_co) {
         if (s->connection_co_sleep_ns_state) {
@@ -1459,6 +1463,9 @@ static int nbd_client_handshake(BlockDriverState *bs, QIOChannelSocket *sioc,
     int ret;
 
     trace_nbd_client_handshake(s->export);
+
+    s->sioc = sioc;
+
     qio_channel_set_blocking(QIO_CHANNEL(sioc), false, NULL);
     qio_channel_attach_aio_context(QIO_CHANNEL(sioc), aio_context);
 
@@ -1473,6 +1480,7 @@ static int nbd_client_handshake(BlockDriverState *bs, QIOChannelSocket *sioc,
     g_free(s->info.name);
     if (ret < 0) {
         object_unref(OBJECT(sioc));
+        s->sioc = NULL;
         return ret;
     }
     if (s->x_dirty_bitmap && !s->info.base_allocation) {
@@ -1498,8 +1506,6 @@ static int nbd_client_handshake(BlockDriverState *bs, QIOChannelSocket *sioc,
         }
     }
 
-    s->sioc = sioc;
-
     if (!s->ioc) {
         s->ioc = QIO_CHANNEL(sioc);
         object_ref(OBJECT(s->ioc));
@@ -1520,6 +1526,7 @@ static int nbd_client_handshake(BlockDriverState *bs, QIOChannelSocket *sioc,
         nbd_send_request(s->ioc ?: QIO_CHANNEL(sioc), &request);
 
         object_unref(OBJECT(sioc));
+        s->sioc = NULL;
 
         return ret;
     }