--- x/virt/kvm/kvm_main.c
+++ y/virt/kvm/kvm_main.c
@@ -6387,7 +6387,7 @@ static void kvm_sched_out(struct preempt
 
 	WRITE_ONCE(vcpu->scheduled_out, true);
 
-	if (current->on_rq && vcpu->wants_to_run) {
+	if (current->on_rq && !current->se.sched_delayed && vcpu->wants_to_run) {
 		WRITE_ONCE(vcpu->preempted, true);
 		WRITE_ONCE(vcpu->ready, true);
 	}