diff --git a/compiler/fir/resolve/tests/org/jetbrains/kotlin/fir/FirOldFrontendDiagnosticsTestGenerated.java b/compiler/fir/resolve/tests/org/jetbrains/kotlin/fir/FirOldFrontendDiagnosticsTestGenerated.java
index b3a59d0fb4b..febf4f949ea 100644
--- a/compiler/fir/resolve/tests/org/jetbrains/kotlin/fir/FirOldFrontendDiagnosticsTestGenerated.java
+++ b/compiler/fir/resolve/tests/org/jetbrains/kotlin/fir/FirOldFrontendDiagnosticsTestGenerated.java
@@ -5978,6 +5978,11 @@ public class FirOldFrontendDiagnosticsTestGenerated extends AbstractFirOldFronte
                 runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/delegateExpressionAsLambda.kt");
             }
 
+            @TestMetadata("delegatedExpressionWithLabeledReturnInsideLambda.kt")
+            public void testDelegatedExpressionWithLabeledReturnInsideLambda() throws Exception {
+                runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.kt");
+            }
+
             @TestMetadata("differentDelegatedExpressions.kt")
             public void testDifferentDelegatedExpressions() throws Exception {
                 runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/differentDelegatedExpressions.kt");
diff --git a/compiler/frontend/src/org/jetbrains/kotlin/resolve/calls/tower/KotlinResolutionCallbacksImpl.kt b/compiler/frontend/src/org/jetbrains/kotlin/resolve/calls/tower/KotlinResolutionCallbacksImpl.kt
index e6671fba972..f79bc9eb46d 100644
--- a/compiler/frontend/src/org/jetbrains/kotlin/resolve/calls/tower/KotlinResolutionCallbacksImpl.kt
+++ b/compiler/frontend/src/org/jetbrains/kotlin/resolve/calls/tower/KotlinResolutionCallbacksImpl.kt
@@ -208,6 +208,10 @@ class KotlinResolutionCallbacksImpl(
         val lastExpressionArgument = getLastDeparentesizedExpression(psiCallArgument)?.let { lastExpression ->
             if (expectedReturnType?.isUnit() == true || hasReturnWithoutExpression) return@let null // coercion to Unit
 
+            if (lambdaInfo.returnStatements.any { (expression, _) -> expression == lastExpression }) {
+                return@let null
+            }
+
             // todo lastExpression can be if without else
             returnArgumentFound = true
             val lastExpressionType = trace.getType(lastExpression)
diff --git a/compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.kt b/compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.kt
new file mode 100644
index 00000000000..13953b3e5b5
--- /dev/null
+++ b/compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.kt
@@ -0,0 +1,14 @@
+// !LANGUAGE: +NewInference
+// !DIAGNOSTICS: -UNUSED_PARAMETER -UNUSED_VARIABLE
+
+class Delegate<T>
+
+operator fun <T> Delegate<T>.getValue(thisRef: Any?, property: kotlin.reflect.KProperty<*>): T = TODO()
+
+fun <K> createDelegate(f: () -> K): Delegate<K> = TODO()
+
+fun test() {
+    val bar: () -> String by createDelegate {
+        return@createDelegate { "str" }
+    }
+}
diff --git a/compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.txt b/compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.txt
new file mode 100644
index 00000000000..01b6bdb671d
--- /dev/null
+++ b/compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.txt
@@ -0,0 +1,12 @@
+package
+
+public fun </*0*/ K> createDelegate(/*0*/ f: () -> K): Delegate<K>
+public fun test(): kotlin.Unit
+public operator fun </*0*/ T> Delegate<T>.getValue(/*0*/ thisRef: kotlin.Any?, /*1*/ property: kotlin.reflect.KProperty<*>): T
+
+public final class Delegate</*0*/ T> {
+    public constructor Delegate</*0*/ T>()
+    public open override /*1*/ /*fake_override*/ fun equals(/*0*/ other: kotlin.Any?): kotlin.Boolean
+    public open override /*1*/ /*fake_override*/ fun hashCode(): kotlin.Int
+    public open override /*1*/ /*fake_override*/ fun toString(): kotlin.String
+}
diff --git a/compiler/tests/org/jetbrains/kotlin/checkers/DiagnosticsTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/checkers/DiagnosticsTestGenerated.java
index 48e143a64a1..a52809c538a 100644
--- a/compiler/tests/org/jetbrains/kotlin/checkers/DiagnosticsTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/checkers/DiagnosticsTestGenerated.java
@@ -5985,6 +5985,11 @@ public class DiagnosticsTestGenerated extends AbstractDiagnosticsTest {
                     runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/delegateExpressionAsLambda.kt");
                 }
 
+                @TestMetadata("delegatedExpressionWithLabeledReturnInsideLambda.kt")
+                public void testDelegatedExpressionWithLabeledReturnInsideLambda() throws Exception {
+                    runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.kt");
+                }
+
                 @TestMetadata("differentDelegatedExpressions.kt")
                 public void testDifferentDelegatedExpressions() throws Exception {
                     runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/differentDelegatedExpressions.kt");
diff --git a/compiler/tests/org/jetbrains/kotlin/checkers/javac/DiagnosticsUsingJavacTestGenerated.java b/compiler/tests/org/jetbrains/kotlin/checkers/javac/DiagnosticsUsingJavacTestGenerated.java
index 7d1c15dae00..4e8e5a7ddc0 100644
--- a/compiler/tests/org/jetbrains/kotlin/checkers/javac/DiagnosticsUsingJavacTestGenerated.java
+++ b/compiler/tests/org/jetbrains/kotlin/checkers/javac/DiagnosticsUsingJavacTestGenerated.java
@@ -5980,6 +5980,11 @@ public class DiagnosticsUsingJavacTestGenerated extends AbstractDiagnosticsUsing
                     runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/delegateExpressionAsLambda.kt");
                 }
 
+                @TestMetadata("delegatedExpressionWithLabeledReturnInsideLambda.kt")
+                public void testDelegatedExpressionWithLabeledReturnInsideLambda() throws Exception {
+                    runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/delegatedExpressionWithLabeledReturnInsideLambda.kt");
+                }
+
                 @TestMetadata("differentDelegatedExpressions.kt")
                 public void testDifferentDelegatedExpressions() throws Exception {
                     runTest("compiler/testData/diagnostics/tests/delegatedProperty/inference/differentDelegatedExpressions.kt");