diff --git a/block/qcow2-cluster.c b/block/qcow2-cluster.c
index 9917e5c28c..c1c43a891b 100644
--- a/block/qcow2-cluster.c
+++ b/block/qcow2-cluster.c
@@ -1403,6 +1403,17 @@ static int handle_dependencies(BlockDriverState *bs, uint64_t guest_offset,
             continue;
         }
 
+        if (old_alloc->keep_old_clusters &&
+            (end <= l2meta_cow_start(old_alloc) ||
+             start >= l2meta_cow_end(old_alloc)))
+        {
+            /*
+             * Clusters intersect but COW areas don't. And cluster itself is
+             * already allocated. So, there is no actual conflict.
+             */
+            continue;
+        }
+
         /* Conflict */
 
         if (start < old_start) {
diff --git a/tests/qemu-iotests/271 b/tests/qemu-iotests/271
index 599b849cc6..2775b4d130 100755
--- a/tests/qemu-iotests/271
+++ b/tests/qemu-iotests/271
@@ -893,7 +893,10 @@ EOF
 }
 
 _make_test_img -o extended_l2=on 1M
-_concurrent_io     | $QEMU_IO | _filter_qemu_io
+# Second and third writes in _concurrent_io() are independent and may finish in
+# different order. So, filter offset out to match both possible variants.
+_concurrent_io     | $QEMU_IO | _filter_qemu_io | \
+    $SED -e 's/\(20480\|40960\)/OFFSET/'
 _concurrent_verify | $QEMU_IO | _filter_qemu_io
 
 # success, all done
diff --git a/tests/qemu-iotests/271.out b/tests/qemu-iotests/271.out
index 81043ba4d7..5be780de76 100644
--- a/tests/qemu-iotests/271.out
+++ b/tests/qemu-iotests/271.out
@@ -719,8 +719,8 @@ blkdebug: Suspended request 'A'
 blkdebug: Resuming request 'A'
 wrote 2048/2048 bytes at offset 30720
 2 KiB, X ops; XX:XX:XX.X (XXX YYY/sec and XXX ops/sec)
-wrote 2048/2048 bytes at offset 20480
+wrote 2048/2048 bytes at offset OFFSET
 2 KiB, X ops; XX:XX:XX.X (XXX YYY/sec and XXX ops/sec)
-wrote 2048/2048 bytes at offset 40960
+wrote 2048/2048 bytes at offset OFFSET
 2 KiB, X ops; XX:XX:XX.X (XXX YYY/sec and XXX ops/sec)
 *** done