diff --git a/drivers/scsi/qla2xxx/qla_def.h b/drivers/scsi/qla2xxx/qla_def.h
index a26a373be9da30..cd4eb11b07079a 100644
--- a/drivers/scsi/qla2xxx/qla_def.h
+++ b/drivers/scsi/qla2xxx/qla_def.h
@@ -660,7 +660,7 @@ enum {
 
 struct iocb_resource {
 	u8 res_type;
-	u8 pad;
+	u8  exch_cnt;
 	u16 iocb_cnt;
 };
 
@@ -3721,6 +3721,10 @@ struct qla_fw_resources {
 	u16 iocbs_limit;
 	u16 iocbs_qp_limit;
 	u16 iocbs_used;
+	u16 exch_total;
+	u16 exch_limit;
+	u16 exch_used;
+	u16 pad;
 };
 
 #define QLA_IOCB_PCT_LIMIT 95
diff --git a/drivers/scsi/qla2xxx/qla_edif.c b/drivers/scsi/qla2xxx/qla_edif.c
index e4240aae5f9e33..53186a14596294 100644
--- a/drivers/scsi/qla2xxx/qla_edif.c
+++ b/drivers/scsi/qla2xxx/qla_edif.c
@@ -2989,9 +2989,10 @@ qla28xx_start_scsi_edif(srb_t *sp)
 	tot_dsds = nseg;
 	req_cnt = qla24xx_calc_iocbs(vha, tot_dsds);
 
-	sp->iores.res_type = RESOURCE_INI;
+	sp->iores.res_type = RESOURCE_IOCB | RESOURCE_EXCH;
+	sp->iores.exch_cnt = 1;
 	sp->iores.iocb_cnt = req_cnt;
-	if (qla_get_iocbs(sp->qpair, &sp->iores))
+	if (qla_get_fw_resources(sp->qpair, &sp->iores))
 		goto queuing_error;
 
 	if (req->cnt < (req_cnt + 2)) {
@@ -3185,7 +3186,7 @@ qla28xx_start_scsi_edif(srb_t *sp)
 		mempool_free(sp->u.scmd.ct6_ctx, ha->ctx_mempool);
 		sp->u.scmd.ct6_ctx = NULL;
 	}
-	qla_put_iocbs(sp->qpair, &sp->iores);
+	qla_put_fw_resources(sp->qpair, &sp->iores);
 	spin_unlock_irqrestore(lock, flags);
 
 	return QLA_FUNCTION_FAILED;
diff --git a/drivers/scsi/qla2xxx/qla_init.c b/drivers/scsi/qla2xxx/qla_init.c
index 8d9ecabb1aac1b..fd27fb51147964 100644
--- a/drivers/scsi/qla2xxx/qla_init.c
+++ b/drivers/scsi/qla2xxx/qla_init.c
@@ -128,12 +128,14 @@ static void qla24xx_abort_iocb_timeout(void *data)
 		    sp->cmd_sp)) {
 			qpair->req->outstanding_cmds[handle] = NULL;
 			cmdsp_found = 1;
+			qla_put_fw_resources(qpair, &sp->cmd_sp->iores);
 		}
 
 		/* removing the abort */
 		if (qpair->req->outstanding_cmds[handle] == sp) {
 			qpair->req->outstanding_cmds[handle] = NULL;
 			sp_found = 1;
+			qla_put_fw_resources(qpair, &sp->iores);
 			break;
 		}
 	}
@@ -2000,6 +2002,7 @@ qla2x00_tmf_iocb_timeout(void *data)
 		for (h = 1; h < sp->qpair->req->num_outstanding_cmds; h++) {
 			if (sp->qpair->req->outstanding_cmds[h] == sp) {
 				sp->qpair->req->outstanding_cmds[h] = NULL;
+				qla_put_fw_resources(sp->qpair, &sp->iores);
 				break;
 			}
 		}
@@ -3943,6 +3946,12 @@ void qla_init_iocb_limit(scsi_qla_host_t *vha)
 	ha->base_qpair->fwres.iocbs_limit = limit;
 	ha->base_qpair->fwres.iocbs_qp_limit = limit / num_qps;
 	ha->base_qpair->fwres.iocbs_used = 0;
+
+	ha->base_qpair->fwres.exch_total = ha->orig_fw_xcb_count;
+	ha->base_qpair->fwres.exch_limit = (ha->orig_fw_xcb_count *
+					    QLA_IOCB_PCT_LIMIT) / 100;
+	ha->base_qpair->fwres.exch_used  = 0;
+
 	for (i = 0; i < ha->max_qpairs; i++) {
 		if (ha->queue_pair_map[i])  {
 			ha->queue_pair_map[i]->fwres.iocbs_total =
@@ -3951,6 +3960,10 @@ void qla_init_iocb_limit(scsi_qla_host_t *vha)
 			ha->queue_pair_map[i]->fwres.iocbs_qp_limit =
 				limit / num_qps;
 			ha->queue_pair_map[i]->fwres.iocbs_used = 0;
+			ha->queue_pair_map[i]->fwres.exch_total = ha->orig_fw_xcb_count;
+			ha->queue_pair_map[i]->fwres.exch_limit =
+				(ha->orig_fw_xcb_count * QLA_IOCB_PCT_LIMIT) / 100;
+			ha->queue_pair_map[i]->fwres.exch_used = 0;
 		}
 	}
 }
diff --git a/drivers/scsi/qla2xxx/qla_inline.h b/drivers/scsi/qla2xxx/qla_inline.h
index 5185dc5daf80d4..2d5a275d8b0007 100644
--- a/drivers/scsi/qla2xxx/qla_inline.h
+++ b/drivers/scsi/qla2xxx/qla_inline.h
@@ -380,13 +380,16 @@ qla2xxx_get_fc4_priority(struct scsi_qla_host *vha)
 
 enum {
 	RESOURCE_NONE,
-	RESOURCE_INI,
+	RESOURCE_IOCB  = BIT_0,
+	RESOURCE_EXCH = BIT_1,  /* exchange */
+	RESOURCE_FORCE = BIT_2,
 };
 
 static inline int
-qla_get_iocbs(struct qla_qpair *qp, struct iocb_resource *iores)
+qla_get_fw_resources(struct qla_qpair *qp, struct iocb_resource *iores)
 {
 	u16 iocbs_used, i;
+	u16 exch_used;
 	struct qla_hw_data *ha = qp->vha->hw;
 
 	if (!ql2xenforce_iocb_limit) {
@@ -394,10 +397,7 @@ qla_get_iocbs(struct qla_qpair *qp, struct iocb_resource *iores)
 		return 0;
 	}
 
-	if ((iores->iocb_cnt + qp->fwres.iocbs_used) < qp->fwres.iocbs_qp_limit) {
-		qp->fwres.iocbs_used += iores->iocb_cnt;
-		return 0;
-	} else {
+	if ((iores->iocb_cnt + qp->fwres.iocbs_used) >= qp->fwres.iocbs_qp_limit) {
 		/* no need to acquire qpair lock. It's just rough calculation */
 		iocbs_used = ha->base_qpair->fwres.iocbs_used;
 		for (i = 0; i < ha->max_qpairs; i++) {
@@ -405,30 +405,48 @@ qla_get_iocbs(struct qla_qpair *qp, struct iocb_resource *iores)
 				iocbs_used += ha->queue_pair_map[i]->fwres.iocbs_used;
 		}
 
-		if ((iores->iocb_cnt + iocbs_used) < qp->fwres.iocbs_limit) {
-			qp->fwres.iocbs_used += iores->iocb_cnt;
-			return 0;
-		} else {
+		if ((iores->iocb_cnt + iocbs_used) >= qp->fwres.iocbs_limit) {
+			iores->res_type = RESOURCE_NONE;
+			return -ENOSPC;
+		}
+	}
+
+	if (iores->res_type & RESOURCE_EXCH) {
+		exch_used = ha->base_qpair->fwres.exch_used;
+		for (i = 0; i < ha->max_qpairs; i++) {
+			if (ha->queue_pair_map[i])
+				exch_used += ha->queue_pair_map[i]->fwres.exch_used;
+		}
+
+		if ((exch_used + iores->exch_cnt) >= qp->fwres.exch_limit) {
 			iores->res_type = RESOURCE_NONE;
 			return -ENOSPC;
 		}
 	}
+	qp->fwres.iocbs_used += iores->iocb_cnt;
+	qp->fwres.exch_used += iores->exch_cnt;
+	return 0;
 }
 
 static inline void
-qla_put_iocbs(struct qla_qpair *qp, struct iocb_resource *iores)
+qla_put_fw_resources(struct qla_qpair *qp, struct iocb_resource *iores)
 {
-	switch (iores->res_type) {
-	case RESOURCE_NONE:
-		break;
-	default:
+	if (iores->res_type & RESOURCE_IOCB) {
 		if (qp->fwres.iocbs_used >= iores->iocb_cnt) {
 			qp->fwres.iocbs_used -= iores->iocb_cnt;
 		} else {
-			// should not happen
+			/* should not happen */
 			qp->fwres.iocbs_used = 0;
 		}
-		break;
+	}
+
+	if (iores->res_type & RESOURCE_EXCH) {
+		if (qp->fwres.exch_used >= iores->exch_cnt) {
+			qp->fwres.exch_used -= iores->exch_cnt;
+		} else {
+			/* should not happen */
+			qp->fwres.exch_used = 0;
+		}
 	}
 	iores->res_type = RESOURCE_NONE;
 }
diff --git a/drivers/scsi/qla2xxx/qla_iocb.c b/drivers/scsi/qla2xxx/qla_iocb.c
index 42ce4e1fe7441f..399ec8da2d73c3 100644
--- a/drivers/scsi/qla2xxx/qla_iocb.c
+++ b/drivers/scsi/qla2xxx/qla_iocb.c
@@ -1589,9 +1589,10 @@ qla24xx_start_scsi(srb_t *sp)
 	tot_dsds = nseg;
 	req_cnt = qla24xx_calc_iocbs(vha, tot_dsds);
 
-	sp->iores.res_type = RESOURCE_INI;
+	sp->iores.res_type = RESOURCE_IOCB | RESOURCE_EXCH;
+	sp->iores.exch_cnt = 1;
 	sp->iores.iocb_cnt = req_cnt;
-	if (qla_get_iocbs(sp->qpair, &sp->iores))
+	if (qla_get_fw_resources(sp->qpair, &sp->iores))
 		goto queuing_error;
 
 	if (req->cnt < (req_cnt + 2)) {
@@ -1678,7 +1679,7 @@ qla24xx_start_scsi(srb_t *sp)
 	if (tot_dsds)
 		scsi_dma_unmap(cmd);
 
-	qla_put_iocbs(sp->qpair, &sp->iores);
+	qla_put_fw_resources(sp->qpair, &sp->iores);
 	spin_unlock_irqrestore(&ha->hardware_lock, flags);
 
 	return QLA_FUNCTION_FAILED;
@@ -1793,9 +1794,10 @@ qla24xx_dif_start_scsi(srb_t *sp)
 	tot_prot_dsds = nseg;
 	tot_dsds += nseg;
 
-	sp->iores.res_type = RESOURCE_INI;
+	sp->iores.res_type = RESOURCE_IOCB | RESOURCE_EXCH;
+	sp->iores.exch_cnt = 1;
 	sp->iores.iocb_cnt = qla24xx_calc_iocbs(vha, tot_dsds);
-	if (qla_get_iocbs(sp->qpair, &sp->iores))
+	if (qla_get_fw_resources(sp->qpair, &sp->iores))
 		goto queuing_error;
 
 	if (req->cnt < (req_cnt + 2)) {
@@ -1883,7 +1885,7 @@ qla24xx_dif_start_scsi(srb_t *sp)
 	}
 	/* Cleanup will be performed by the caller (queuecommand) */
 
-	qla_put_iocbs(sp->qpair, &sp->iores);
+	qla_put_fw_resources(sp->qpair, &sp->iores);
 	spin_unlock_irqrestore(&ha->hardware_lock, flags);
 
 	return QLA_FUNCTION_FAILED;
@@ -1952,9 +1954,10 @@ qla2xxx_start_scsi_mq(srb_t *sp)
 	tot_dsds = nseg;
 	req_cnt = qla24xx_calc_iocbs(vha, tot_dsds);
 
-	sp->iores.res_type = RESOURCE_INI;
+	sp->iores.res_type = RESOURCE_IOCB | RESOURCE_EXCH;
+	sp->iores.exch_cnt = 1;
 	sp->iores.iocb_cnt = req_cnt;
-	if (qla_get_iocbs(sp->qpair, &sp->iores))
+	if (qla_get_fw_resources(sp->qpair, &sp->iores))
 		goto queuing_error;
 
 	if (req->cnt < (req_cnt + 2)) {
@@ -2041,7 +2044,7 @@ qla2xxx_start_scsi_mq(srb_t *sp)
 	if (tot_dsds)
 		scsi_dma_unmap(cmd);
 
-	qla_put_iocbs(sp->qpair, &sp->iores);
+	qla_put_fw_resources(sp->qpair, &sp->iores);
 	spin_unlock_irqrestore(&qpair->qp_lock, flags);
 
 	return QLA_FUNCTION_FAILED;
@@ -2171,9 +2174,10 @@ qla2xxx_dif_start_scsi_mq(srb_t *sp)
 	tot_prot_dsds = nseg;
 	tot_dsds += nseg;
 
-	sp->iores.res_type = RESOURCE_INI;
+	sp->iores.res_type = RESOURCE_IOCB | RESOURCE_EXCH;
+	sp->iores.exch_cnt = 1;
 	sp->iores.iocb_cnt = qla24xx_calc_iocbs(vha, tot_dsds);
-	if (qla_get_iocbs(sp->qpair, &sp->iores))
+	if (qla_get_fw_resources(sp->qpair, &sp->iores))
 		goto queuing_error;
 
 	if (req->cnt < (req_cnt + 2)) {
@@ -2260,7 +2264,7 @@ qla2xxx_dif_start_scsi_mq(srb_t *sp)
 	}
 	/* Cleanup will be performed by the caller (queuecommand) */
 
-	qla_put_iocbs(sp->qpair, &sp->iores);
+	qla_put_fw_resources(sp->qpair, &sp->iores);
 	spin_unlock_irqrestore(&qpair->qp_lock, flags);
 
 	return QLA_FUNCTION_FAILED;
diff --git a/drivers/scsi/qla2xxx/qla_isr.c b/drivers/scsi/qla2xxx/qla_isr.c
index e19fde304e5c68..42d3d2de3d31fa 100644
--- a/drivers/scsi/qla2xxx/qla_isr.c
+++ b/drivers/scsi/qla2xxx/qla_isr.c
@@ -3197,7 +3197,7 @@ qla2x00_status_entry(scsi_qla_host_t *vha, struct rsp_que *rsp, void *pkt)
 		}
 		return;
 	}
-	qla_put_iocbs(sp->qpair, &sp->iores);
+	qla_put_fw_resources(sp->qpair, &sp->iores);
 
 	if (sp->cmd_type != TYPE_SRB) {
 		req->outstanding_cmds[handle] = NULL;
@@ -3618,7 +3618,6 @@ qla2x00_error_entry(scsi_qla_host_t *vha, struct rsp_que *rsp, sts_entry_t *pkt)
 	default:
 		sp = qla2x00_get_sp_from_handle(vha, func, req, pkt);
 		if (sp) {
-			qla_put_iocbs(sp->qpair, &sp->iores);
 			sp->done(sp, res);
 			return 0;
 		}
diff --git a/drivers/scsi/qla2xxx/qla_nvme.c b/drivers/scsi/qla2xxx/qla_nvme.c
index 8927ddc5e69cdf..c57e02a3552194 100644
--- a/drivers/scsi/qla2xxx/qla_nvme.c
+++ b/drivers/scsi/qla2xxx/qla_nvme.c
@@ -428,13 +428,24 @@ static inline int qla2x00_start_nvme_mq(srb_t *sp)
 		goto queuing_error;
 	}
 	req_cnt = qla24xx_calc_iocbs(vha, tot_dsds);
+
+	sp->iores.res_type = RESOURCE_IOCB | RESOURCE_EXCH;
+	sp->iores.exch_cnt = 1;
+	sp->iores.iocb_cnt = req_cnt;
+	if (qla_get_fw_resources(sp->qpair, &sp->iores)) {
+		rval = -EBUSY;
+		goto queuing_error;
+	}
+
 	if (req->cnt < (req_cnt + 2)) {
 		if (IS_SHADOW_REG_CAPABLE(ha)) {
 			cnt = *req->out_ptr;
 		} else {
 			cnt = rd_reg_dword_relaxed(req->req_q_out);
-			if (qla2x00_check_reg16_for_disconnect(vha, cnt))
+			if (qla2x00_check_reg16_for_disconnect(vha, cnt)) {
+				rval = -EBUSY;
 				goto queuing_error;
+			}
 		}
 
 		if (req->ring_index < cnt)
@@ -583,6 +594,8 @@ static inline int qla2x00_start_nvme_mq(srb_t *sp)
 		qla24xx_process_response_queue(vha, rsp);
 
 queuing_error:
+	if (rval)
+		qla_put_fw_resources(sp->qpair, &sp->iores);
 	spin_unlock_irqrestore(&qpair->qp_lock, flags);
 
 	return rval;