diff --git a/arch/arm64/kvm/hyp/vhe/switch.c b/arch/arm64/kvm/hyp/vhe/switch.c
index 9db3f11a4754..1e8995add14f 100644
--- a/arch/arm64/kvm/hyp/vhe/switch.c
+++ b/arch/arm64/kvm/hyp/vhe/switch.c
@@ -663,7 +663,8 @@ static void __noreturn __hyp_call_panic(u64 spsr, u64 elr, u64 par)
 	host_ctxt = host_data_ptr(host_ctxt);
 	vcpu = host_ctxt->__hyp_running_vcpu;
 
-	__deactivate_traps(vcpu);
+	if (vcpu)
+		__deactivate_traps(vcpu);
 	sysreg_restore_host_state_vhe(host_ctxt);
 
 	panic("HYP panic:\nPS:%08llx PC:%016llx ESR:%08llx\nFAR:%016llx HPFAR:%016llx PAR:%016llx\nVCPU:%p\n",