diff --git a/block/qcow2-cluster.c b/block/qcow2-cluster.c
index bd0597842f..9917e5c28c 100644
--- a/block/qcow2-cluster.c
+++ b/block/qcow2-cluster.c
@@ -1400,29 +1400,36 @@ static int handle_dependencies(BlockDriverState *bs, uint64_t guest_offset,
 
         if (end <= old_start || start >= old_end) {
             /* No intersection */
+            continue;
+        }
+
+        /* Conflict */
+
+        if (start < old_start) {
+            /* Stop at the start of a running allocation */
+            bytes = old_start - start;
         } else {
-            if (start < old_start) {
-                /* Stop at the start of a running allocation */
-                bytes = old_start - start;
-            } else {
-                bytes = 0;
-            }
+            bytes = 0;
+        }
 
-            /* Stop if already an l2meta exists. After yielding, it wouldn't
-             * be valid any more, so we'd have to clean up the old L2Metas
-             * and deal with requests depending on them before starting to
-             * gather new ones. Not worth the trouble. */
-            if (bytes == 0 && *m) {
-                *cur_bytes = 0;
-                return 0;
-            }
+        /*
+         * Stop if an l2meta already exists. After yielding, it wouldn't
+         * be valid any more, so we'd have to clean up the old L2Metas
+         * and deal with requests depending on them before starting to
+         * gather new ones. Not worth the trouble.
+         */
+        if (bytes == 0 && *m) {
+            *cur_bytes = 0;
+            return 0;
+        }
 
-            if (bytes == 0) {
-                /* Wait for the dependency to complete. We need to recheck
-                 * the free/allocated clusters when we continue. */
-                qemu_co_queue_wait(&old_alloc->dependent_requests, &s->lock);
-                return -EAGAIN;
-            }
+        if (bytes == 0) {
+            /*
+             * Wait for the dependency to complete. We need to recheck
+             * the free/allocated clusters when we continue.
+             */
+            qemu_co_queue_wait(&old_alloc->dependent_requests, &s->lock);
+            return -EAGAIN;
         }
     }