diff --git a/Documentation/vm/zswap.rst b/Documentation/vm/zswap.rst
index 1444ecd40911..61f6185188cd 100644
--- a/Documentation/vm/zswap.rst
+++ b/Documentation/vm/zswap.rst
@@ -130,6 +130,19 @@ checking for the same-value filled pages during store operation. However, the
 existing pages which are marked as same-value filled pages remain stored
 unchanged in zswap until they are either loaded or invalidated.
 
+To prevent zswap from shrinking pool when zswap is full and there's a high
+pressure on swap (this will result in flipping pages in and out zswap pool
+without any real benefit but with a performance drop for the system), a
+special parameter has been introduced to implement a sort of hysteresis to
+refuse taking pages into zswap pool until it has sufficient space if the limit
+has been hit. To set the threshold at which zswap would start accepting pages
+again after it became full, use the sysfs ``accept_threhsold_percent``
+attribute, e. g.::
+
+	echo 80 > /sys/module/zswap/parameters/accept_threhsold_percent
+
+Setting this parameter to 100 will disable the hysteresis.
+
 A debugfs interface is provided for various statistic about pool size, number
 of pages stored, same-value filled pages and various counters for the reasons
 pages are rejected.
diff --git a/mm/zswap.c b/mm/zswap.c
index 46a322316e52..7ec8bd912d13 100644
--- a/mm/zswap.c
+++ b/mm/zswap.c
@@ -32,6 +32,7 @@
 #include <linux/swapops.h>
 #include <linux/writeback.h>
 #include <linux/pagemap.h>
+#include <linux/workqueue.h>
 
 /*********************************
 * statistics
@@ -65,6 +66,11 @@ static u64 zswap_reject_kmemcache_fail;
 /* Duplicate store was encountered (rare) */
 static u64 zswap_duplicate_entry;
 
+/* Shrinker work queue */
+static struct workqueue_struct *shrink_wq;
+/* Pool limit was hit, we need to calm down */
+static bool zswap_pool_reached_full;
+
 /*********************************
 * tunables
 **********************************/
@@ -109,6 +115,11 @@ module_param_cb(zpool, &zswap_zpool_param_ops, &zswap_zpool_type, 0644);
 static unsigned int zswap_max_pool_percent = 20;
 module_param_named(max_pool_percent, zswap_max_pool_percent, uint, 0644);
 
+/* The threshold for accepting new pages after the max_pool_percent was hit */
+static unsigned int zswap_accept_thr_percent = 90; /* of max pool size */
+module_param_named(accept_threshold_percent, zswap_accept_thr_percent,
+		   uint, 0644);
+
 /* Enable/disable handling same-value filled pages (enabled by default) */
 static bool zswap_same_filled_pages_enabled = true;
 module_param_named(same_filled_pages_enabled, zswap_same_filled_pages_enabled,
@@ -123,7 +134,8 @@ struct zswap_pool {
 	struct crypto_comp * __percpu *tfm;
 	struct kref kref;
 	struct list_head list;
-	struct work_struct work;
+	struct work_struct release_work;
+	struct work_struct shrink_work;
 	struct hlist_node node;
 	char tfm_name[CRYPTO_MAX_ALG_NAME];
 };
@@ -214,6 +226,13 @@ static bool zswap_is_full(void)
 			DIV_ROUND_UP(zswap_pool_total_size, PAGE_SIZE);
 }
 
+static bool zswap_can_accept(void)
+{
+	return totalram_pages() * zswap_accept_thr_percent / 100 *
+				zswap_max_pool_percent / 100 >
+			DIV_ROUND_UP(zswap_pool_total_size, PAGE_SIZE);
+}
+
 static void zswap_update_total_size(void)
 {
 	struct zswap_pool *pool;
@@ -501,6 +520,16 @@ static struct zswap_pool *zswap_pool_find_get(char *type, char *compressor)
 	return NULL;
 }
 
+static void shrink_worker(struct work_struct *w)
+{
+	struct zswap_pool *pool = container_of(w, typeof(*pool),
+						shrink_work);
+
+	if (zpool_shrink(pool->zpool, 1, NULL))
+		zswap_reject_reclaim_fail++;
+	zswap_pool_put(pool);
+}
+
 static struct zswap_pool *zswap_pool_create(char *type, char *compressor)
 {
 	struct zswap_pool *pool;
@@ -551,6 +580,7 @@ static struct zswap_pool *zswap_pool_create(char *type, char *compressor)
 	 */
 	kref_init(&pool->kref);
 	INIT_LIST_HEAD(&pool->list);
+	INIT_WORK(&pool->shrink_work, shrink_worker);
 
 	zswap_pool_debug("created", pool);
 
@@ -624,7 +654,8 @@ static int __must_check zswap_pool_get(struct zswap_pool *pool)
 
 static void __zswap_pool_release(struct work_struct *work)
 {
-	struct zswap_pool *pool = container_of(work, typeof(*pool), work);
+	struct zswap_pool *pool = container_of(work, typeof(*pool),
+						release_work);
 
 	synchronize_rcu();
 
@@ -647,8 +678,8 @@ static void __zswap_pool_empty(struct kref *kref)
 
 	list_del_rcu(&pool->list);
 
-	INIT_WORK(&pool->work, __zswap_pool_release);
-	schedule_work(&pool->work);
+	INIT_WORK(&pool->release_work, __zswap_pool_release);
+	schedule_work(&pool->release_work);
 
 	spin_unlock(&zswap_pools_lock);
 }
@@ -942,22 +973,6 @@ static int zswap_writeback_entry(struct zpool *pool, unsigned long handle)
 	return ret;
 }
 
-static int zswap_shrink(void)
-{
-	struct zswap_pool *pool;
-	int ret;
-
-	pool = zswap_pool_last_get();
-	if (!pool)
-		return -ENOENT;
-
-	ret = zpool_shrink(pool->zpool, 1, NULL);
-
-	zswap_pool_put(pool);
-
-	return ret;
-}
-
 static int zswap_is_page_same_filled(void *ptr, unsigned long *value)
 {
 	unsigned int pos;
@@ -1011,21 +1026,23 @@ static int zswap_frontswap_store(unsigned type, pgoff_t offset,
 
 	/* reclaim space if needed */
 	if (zswap_is_full()) {
+		struct zswap_pool *pool;
+
 		zswap_pool_limit_hit++;
-		if (zswap_shrink()) {
-			zswap_reject_reclaim_fail++;
-			ret = -ENOMEM;
-			goto reject;
-		}
+		zswap_pool_reached_full = true;
+		pool = zswap_pool_last_get();
+		if (pool)
+			queue_work(shrink_wq, &pool->shrink_work);
+		ret = -ENOMEM;
+		goto reject;
+	}
 
-		/* A second zswap_is_full() check after
-		 * zswap_shrink() to make sure it's now
-		 * under the max_pool_percent
-		 */
-		if (zswap_is_full()) {
+	if (zswap_pool_reached_full) {
+	       if (!zswap_can_accept()) {
 			ret = -ENOMEM;
 			goto reject;
-		}
+		} else
+			zswap_pool_reached_full = false;
 	}
 
 	/* allocate entry */
@@ -1332,11 +1349,17 @@ static int __init init_zswap(void)
 		zswap_enabled = false;
 	}
 
+	shrink_wq = create_workqueue("zswap-shrink");
+	if (!shrink_wq)
+		goto fallback_fail;
+
 	frontswap_register_ops(&zswap_frontswap_ops);
 	if (zswap_debugfs_init())
 		pr_warn("debugfs initialization failed\n");
 	return 0;
 
+fallback_fail:
+	zswap_pool_destroy(pool);
 hp_fail:
 	cpuhp_remove_state(CPUHP_MM_ZSWP_MEM_PREPARE);
 dstmem_fail:
