diff --git a/net/ipv4/ip_tunnel.c b/net/ipv4/ip_tunnel.c
index 74e1d964a615..cd4b84310d92 100644
--- a/net/ipv4/ip_tunnel.c
+++ b/net/ipv4/ip_tunnel.c
@@ -142,11 +142,8 @@ struct ip_tunnel *ip_tunnel_lookup(struct ip_tunnel_net *itn,
 			cand = t;
 	}
 
-	if (flags & TUNNEL_NO_KEY)
-		goto skip_key_lookup;
-
 	hlist_for_each_entry_rcu(t, head, hash_node) {
-		if (t->parms.i_key != key ||
+		if ((!(flags & TUNNEL_NO_KEY) && t->parms.i_key != key) ||
 		    t->parms.iph.saddr != 0 ||
 		    t->parms.iph.daddr != 0 ||
 		    !(t->dev->flags & IFF_UP))
@@ -158,7 +155,6 @@ struct ip_tunnel *ip_tunnel_lookup(struct ip_tunnel_net *itn,
 			cand = t;
 	}
 
-skip_key_lookup:
 	if (cand)
 		return cand;