diff --git a/mm/damon/ops-common.c b/mm/damon/ops-common.c
index d25d99cb5f2b..86a50e8fbc80 100644
--- a/mm/damon/ops-common.c
+++ b/mm/damon/ops-common.c
@@ -9,6 +9,8 @@
 #include <linux/page_idle.h>
 #include <linux/pagemap.h>
 #include <linux/rmap.h>
+#include <linux/swap.h>
+#include <linux/swapops.h>
 
 #include "ops-common.h"
 
@@ -39,12 +41,29 @@ struct folio *damon_get_folio(unsigned long pfn)
 
 void damon_ptep_mkold(pte_t *pte, struct vm_area_struct *vma, unsigned long addr)
 {
-	struct folio *folio = damon_get_folio(pte_pfn(ptep_get(pte)));
+	pte_t pteval = ptep_get(pte);
+	struct folio *folio;
+	bool young = false;
+	unsigned long pfn;
 
+	if (likely(pte_present(pteval)))
+		pfn = pte_pfn(pteval);
+	else
+		pfn = swp_offset_pfn(pte_to_swp_entry(pteval));
+
+	folio = damon_get_folio(pfn);
 	if (!folio)
 		return;
 
-	if (ptep_clear_young_notify(vma, addr, pte))
+	/*
+	 * PFN swap PTEs, such as device-exclusive ones, that actually map pages
+	 * are "old" from a CPU perspective. The MMU notifier takes care of any
+	 * device aspects.
+	 */
+	if (likely(pte_present(pteval)))
+		young |= ptep_test_and_clear_young(vma, addr, pte);
+	young |= mmu_notifier_clear_young(vma->vm_mm, addr, addr + PAGE_SIZE);
+	if (young)
 		folio_set_young(folio);
 
 	folio_set_idle(folio);