diff --git a/drivers/net/phy/mediatek/mtk-phy-lib.c b/drivers/net/phy/mediatek/mtk-phy-lib.c
index dfd0f4e439a2..608072fbfde9 100644
--- a/drivers/net/phy/mediatek/mtk-phy-lib.c
+++ b/drivers/net/phy/mediatek/mtk-phy-lib.c
@@ -156,20 +156,27 @@ int mtk_phy_led_hw_ctrl_get(struct phy_device *phydev, u8 index,
 	if (!rules)
 		return 0;
 
-	if (on & on_set)
+	/* TRIGGER_NETDEV_LINK must not be reported together with any of the
+	 * per-speed rules, the netdev trigger rejects that combination.
+	 * on_set holds every speed this LED can indicate and is what
+	 * mtk_phy_led_hw_ctrl_set() programs for TRIGGER_NETDEV_LINK, so
+	 * report the speed independent rule only when they are all on.
+	 */
+	if ((on & on_set) == on_set) {
 		*rules |= BIT(TRIGGER_NETDEV_LINK);
+	} else {
+		if (on & MTK_PHY_LED_ON_LINK10)
+			*rules |= BIT(TRIGGER_NETDEV_LINK_10);
 
-	if (on & MTK_PHY_LED_ON_LINK10)
-		*rules |= BIT(TRIGGER_NETDEV_LINK_10);
+		if (on & MTK_PHY_LED_ON_LINK100)
+			*rules |= BIT(TRIGGER_NETDEV_LINK_100);
 
-	if (on & MTK_PHY_LED_ON_LINK100)
-		*rules |= BIT(TRIGGER_NETDEV_LINK_100);
+		if (on & MTK_PHY_LED_ON_LINK1000)
+			*rules |= BIT(TRIGGER_NETDEV_LINK_1000);
 
-	if (on & MTK_PHY_LED_ON_LINK1000)
-		*rules |= BIT(TRIGGER_NETDEV_LINK_1000);
-
-	if (on & MTK_PHY_LED_ON_LINK2500)
-		*rules |= BIT(TRIGGER_NETDEV_LINK_2500);
+		if (on & MTK_PHY_LED_ON_LINK2500)
+			*rules |= BIT(TRIGGER_NETDEV_LINK_2500);
+	}
 
 	if (on & MTK_PHY_LED_ON_FDX)
 		*rules |= BIT(TRIGGER_NETDEV_FULL_DUPLEX);