diff --git a/drivers/net/ethernet/renesas/ravb_main.c b/drivers/net/ethernet/renesas/ravb_main.c
index 0f54849a3823..894e2690c643 100644
--- a/drivers/net/ethernet/renesas/ravb_main.c
+++ b/drivers/net/ethernet/renesas/ravb_main.c
@@ -1455,8 +1455,6 @@ static int ravb_phy_init(struct net_device *ndev)
 		phy_remove_link_mode(phydev, ETHTOOL_LINK_MODE_100baseT_Half_BIT);
 	}
 
-	/* Indicate that the MAC is responsible for managing PHY PM */
-	phydev->mac_managed_pm = true;
 	phy_attached_info(phydev);
 
 	return 0;
@@ -2379,6 +2377,8 @@ static int ravb_mdio_init(struct ravb_private *priv)
 {
 	struct platform_device *pdev = priv->pdev;
 	struct device *dev = &pdev->dev;
+	struct phy_device *phydev;
+	struct device_node *pn;
 	int error;
 
 	/* Bitbang init */
@@ -2400,6 +2400,14 @@ static int ravb_mdio_init(struct ravb_private *priv)
 	if (error)
 		goto out_free_bus;
 
+	pn = of_parse_phandle(dev->of_node, "phy-handle", 0);
+	phydev = of_phy_find_device(pn);
+	if (phydev) {
+		phydev->mac_managed_pm = true;
+		put_device(&phydev->mdio.dev);
+	}
+	of_node_put(pn);
+
 	return 0;
 
 out_free_bus: