diff --git a/arch/arm64/include/asm/kvm_host.h b/arch/arm64/include/asm/kvm_host.h
index 3a7ec98ef123..4a0e522f6001 100644
--- a/arch/arm64/include/asm/kvm_host.h
+++ b/arch/arm64/include/asm/kvm_host.h
@@ -869,6 +869,8 @@ struct kvm_vcpu_arch {
 #define VCPU_INITIALIZED	__vcpu_single_flag(cflags, BIT(0))
 /* SVE config completed */
 #define VCPU_SVE_FINALIZED	__vcpu_single_flag(cflags, BIT(1))
+/* pKVM VCPU setup completed */
+#define VCPU_PKVM_FINALIZED	__vcpu_single_flag(cflags, BIT(2))
 
 /* Exception pending */
 #define PENDING_EXCEPTION	__vcpu_single_flag(iflags, BIT(0))
diff --git a/arch/arm64/include/asm/kvm_pkvm.h b/arch/arm64/include/asm/kvm_pkvm.h
index eb65f12e81d9..abd693ce5b93 100644
--- a/arch/arm64/include/asm/kvm_pkvm.h
+++ b/arch/arm64/include/asm/kvm_pkvm.h
@@ -19,6 +19,7 @@
 int pkvm_init_host_vm(struct kvm *kvm);
 int pkvm_create_hyp_vm(struct kvm *kvm);
 void pkvm_destroy_hyp_vm(struct kvm *kvm);
+int pkvm_create_hyp_vcpu(struct kvm_vcpu *vcpu);
 
 /*
  * This functions as an allow-list of protected VM capabilities.
diff --git a/arch/arm64/kvm/arm.c b/arch/arm64/kvm/arm.c
index b8e55a441282..cd7a808eeb64 100644
--- a/arch/arm64/kvm/arm.c
+++ b/arch/arm64/kvm/arm.c
@@ -833,6 +833,10 @@ int kvm_arch_vcpu_run_pid_change(struct kvm_vcpu *vcpu)
 		ret = pkvm_create_hyp_vm(kvm);
 		if (ret)
 			return ret;
+
+		ret = pkvm_create_hyp_vcpu(vcpu);
+		if (ret)
+			return ret;
 	}
 
 	mutex_lock(&kvm->arch.config_lock);
diff --git a/arch/arm64/kvm/hyp/include/nvhe/pkvm.h b/arch/arm64/kvm/hyp/include/nvhe/pkvm.h
index e42bf68c8848..ce31d3b73603 100644
--- a/arch/arm64/kvm/hyp/include/nvhe/pkvm.h
+++ b/arch/arm64/kvm/hyp/include/nvhe/pkvm.h
@@ -43,12 +43,6 @@ struct pkvm_hyp_vm {
 	struct hyp_pool pool;
 	hyp_spinlock_t lock;
 
-	/*
-	 * The number of vcpus initialized and ready to run.
-	 * Modifying this is protected by 'vm_table_lock'.
-	 */
-	unsigned int nr_vcpus;
-
 	/* Array of the hyp vCPU structures for this VM. */
 	struct pkvm_hyp_vcpu *vcpus[];
 };
diff --git a/arch/arm64/kvm/hyp/nvhe/pkvm.c b/arch/arm64/kvm/hyp/nvhe/pkvm.c
index 6efb9bf56180..4ef3748dc660 100644
--- a/arch/arm64/kvm/hyp/nvhe/pkvm.c
+++ b/arch/arm64/kvm/hyp/nvhe/pkvm.c
@@ -245,10 +245,12 @@ struct pkvm_hyp_vcpu *pkvm_load_hyp_vcpu(pkvm_handle_t handle,
 
 	hyp_spin_lock(&vm_table_lock);
 	hyp_vm = get_vm_by_handle(handle);
-	if (!hyp_vm || hyp_vm->nr_vcpus <= vcpu_idx)
+	if (!hyp_vm || hyp_vm->kvm.created_vcpus <= vcpu_idx)
 		goto unlock;
 
 	hyp_vcpu = hyp_vm->vcpus[vcpu_idx];
+	if (!hyp_vcpu)
+		goto unlock;
 
 	/* Ensure vcpu isn't loaded on more than one cpu simultaneously. */
 	if (unlikely(hyp_vcpu->loaded_hyp_vcpu)) {
@@ -367,8 +369,14 @@ static void unpin_host_vcpus(struct pkvm_hyp_vcpu *hyp_vcpus[],
 {
 	int i;
 
-	for (i = 0; i < nr_vcpus; i++)
-		unpin_host_vcpu(hyp_vcpus[i]->host_vcpu);
+	for (i = 0; i < nr_vcpus; i++) {
+		struct pkvm_hyp_vcpu *hyp_vcpu = hyp_vcpus[i];
+
+		if (!hyp_vcpu)
+			continue;
+
+		unpin_host_vcpu(hyp_vcpu->host_vcpu);
+	}
 }
 
 static void init_pkvm_hyp_vm(struct kvm *host_kvm, struct pkvm_hyp_vm *hyp_vm,
@@ -392,24 +400,18 @@ static void pkvm_vcpu_init_sve(struct pkvm_hyp_vcpu *hyp_vcpu, struct kvm_vcpu *
 
 static int init_pkvm_hyp_vcpu(struct pkvm_hyp_vcpu *hyp_vcpu,
 			      struct pkvm_hyp_vm *hyp_vm,
-			      struct kvm_vcpu *host_vcpu,
-			      unsigned int vcpu_idx)
+			      struct kvm_vcpu *host_vcpu)
 {
 	int ret = 0;
 
 	if (hyp_pin_shared_mem(host_vcpu, host_vcpu + 1))
 		return -EBUSY;
 
-	if (host_vcpu->vcpu_idx != vcpu_idx) {
-		ret = -EINVAL;
-		goto done;
-	}
-
 	hyp_vcpu->host_vcpu = host_vcpu;
 
 	hyp_vcpu->vcpu.kvm = &hyp_vm->kvm;
 	hyp_vcpu->vcpu.vcpu_id = READ_ONCE(host_vcpu->vcpu_id);
-	hyp_vcpu->vcpu.vcpu_idx = vcpu_idx;
+	hyp_vcpu->vcpu.vcpu_idx = READ_ONCE(host_vcpu->vcpu_idx);
 
 	hyp_vcpu->vcpu.arch.hw_mmu = &hyp_vm->kvm.arch.mmu;
 	hyp_vcpu->vcpu.arch.cflags = READ_ONCE(host_vcpu->arch.cflags);
@@ -647,27 +649,28 @@ int __pkvm_init_vcpu(pkvm_handle_t handle, struct kvm_vcpu *host_vcpu,
 		goto unlock;
 	}
 
-	idx = hyp_vm->nr_vcpus;
+	ret = init_pkvm_hyp_vcpu(hyp_vcpu, hyp_vm, host_vcpu);
+	if (ret)
+		goto unlock;
+
+	idx = hyp_vcpu->vcpu.vcpu_idx;
 	if (idx >= hyp_vm->kvm.created_vcpus) {
 		ret = -EINVAL;
 		goto unlock;
 	}
 
-	ret = init_pkvm_hyp_vcpu(hyp_vcpu, hyp_vm, host_vcpu, idx);
-	if (ret)
+	if (hyp_vm->vcpus[idx]) {
+		ret = -EINVAL;
 		goto unlock;
+	}
 
 	hyp_vm->vcpus[idx] = hyp_vcpu;
-	hyp_vm->nr_vcpus++;
 unlock:
 	hyp_spin_unlock(&vm_table_lock);
 
-	if (ret) {
+	if (ret)
 		unmap_donated_memory(hyp_vcpu, sizeof(*hyp_vcpu));
-		return ret;
-	}
-
-	return 0;
+	return ret;
 }
 
 static void
@@ -713,12 +716,17 @@ int __pkvm_teardown_vm(pkvm_handle_t handle)
 	/* Reclaim guest pages (including page-table pages) */
 	mc = &host_kvm->arch.pkvm.teardown_mc;
 	reclaim_guest_pages(hyp_vm, mc);
-	unpin_host_vcpus(hyp_vm->vcpus, hyp_vm->nr_vcpus);
+	unpin_host_vcpus(hyp_vm->vcpus, hyp_vm->kvm.created_vcpus);
 
 	/* Push the metadata pages to the teardown memcache */
-	for (idx = 0; idx < hyp_vm->nr_vcpus; ++idx) {
+	for (idx = 0; idx < hyp_vm->kvm.created_vcpus; ++idx) {
 		struct pkvm_hyp_vcpu *hyp_vcpu = hyp_vm->vcpus[idx];
-		struct kvm_hyp_memcache *vcpu_mc = &hyp_vcpu->vcpu.arch.pkvm_memcache;
+		struct kvm_hyp_memcache *vcpu_mc;
+
+		if (!hyp_vcpu)
+			continue;
+
+		vcpu_mc = &hyp_vcpu->vcpu.arch.pkvm_memcache;
 
 		while (vcpu_mc->nr_pages) {
 			void *addr = pop_hyp_memcache(vcpu_mc, hyp_phys_to_virt);
diff --git a/arch/arm64/kvm/pkvm.c b/arch/arm64/kvm/pkvm.c
index 06665cf221bf..f2a09dc50676 100644
--- a/arch/arm64/kvm/pkvm.c
+++ b/arch/arm64/kvm/pkvm.c
@@ -125,7 +125,9 @@ static int __pkvm_create_hyp_vcpu(struct kvm_vcpu *vcpu)
 		return -ENOMEM;
 
 	ret = kvm_call_hyp_nvhe(__pkvm_init_vcpu, handle, vcpu, hyp_vcpu);
-	if (ret)
+	if (!ret)
+		vcpu_set_flag(vcpu, VCPU_PKVM_FINALIZED);
+	else
 		free_pages_exact(hyp_vcpu, hyp_vcpu_sz);
 
 	return ret;
@@ -144,9 +146,7 @@ static int __pkvm_create_hyp_vcpu(struct kvm_vcpu *vcpu)
 static int __pkvm_create_hyp_vm(struct kvm *host_kvm)
 {
 	size_t pgd_sz, hyp_vm_sz;
-	struct kvm_vcpu *host_vcpu;
 	void *pgd, *hyp_vm;
-	unsigned long idx;
 	int ret;
 
 	if (host_kvm->created_vcpus < 1)
@@ -180,17 +180,7 @@ static int __pkvm_create_hyp_vm(struct kvm *host_kvm)
 
 	WRITE_ONCE(host_kvm->arch.pkvm.handle, ret);
 
-	kvm_for_each_vcpu(idx, host_vcpu, host_kvm) {
-		ret = __pkvm_create_hyp_vcpu(host_vcpu);
-		if (ret)
-			goto destroy_vm;
-	}
-
 	return 0;
-
-destroy_vm:
-	__pkvm_destroy_hyp_vm(host_kvm);
-	return ret;
 free_vm:
 	free_pages_exact(hyp_vm, hyp_vm_sz);
 free_pgd:
@@ -210,6 +200,18 @@ int pkvm_create_hyp_vm(struct kvm *host_kvm)
 	return ret;
 }
 
+int pkvm_create_hyp_vcpu(struct kvm_vcpu *vcpu)
+{
+	int ret = 0;
+
+	mutex_lock(&vcpu->kvm->arch.config_lock);
+	if (!vcpu_get_flag(vcpu, VCPU_PKVM_FINALIZED))
+		ret = __pkvm_create_hyp_vcpu(vcpu);
+	mutex_unlock(&vcpu->kvm->arch.config_lock);
+
+	return ret;
+}
+
 void pkvm_destroy_hyp_vm(struct kvm *host_kvm)
 {
 	mutex_lock(&host_kvm->arch.config_lock);
