diff --git a/tcg/optimize.c b/tcg/optimize.c
index 7141b18496..047cb5a1ee 100644
--- a/tcg/optimize.c
+++ b/tcg/optimize.c
@@ -2685,7 +2685,7 @@ static bool fold_tcg_ld_memcopy(OptContext *ctx, TCGOp *op)
     TCGType type;
 
     if (op->args[1] != tcgv_ptr_arg(tcg_env)) {
-        return false;
+        return finish_folding(ctx, op);
     }
 
     type = ctx->type;