diff --git a/arch/x86/kvm/mmu.c b/arch/x86/kvm/mmu.c
index 1e9ba81accba..d3c3d5e5ffd4 100644
--- a/arch/x86/kvm/mmu.c
+++ b/arch/x86/kvm/mmu.c
@@ -5602,14 +5602,18 @@ static int alloc_mmu_pages(struct kvm_vcpu *vcpu)
 	struct page *page;
 	int i;
 
-	if (tdp_enabled)
+	/*
+	 * When using PAE paging, the four PDPTEs are treated as 'root' pages,
+	 * while the PDP table is a per-vCPU construct that's allocated at MMU
+	 * creation.  When emulating 32-bit mode, cr3 is only 32 bits even on
+	 * x86_64.  Therefore we need to allocate the PDP table in the first
+	 * 4GB of memory, which happens to fit the DMA32 zone.  Except for
+	 * SVM's 32-bit NPT support, TDP paging doesn't use PAE paging and can
+	 * skip allocating the PDP table.
+	 */
+	if (tdp_enabled && kvm_x86_ops->get_tdp_level(vcpu) > PT32E_ROOT_LEVEL)
 		return 0;
 
-	/*
-	 * When emulating 32-bit mode, cr3 is only 32 bits even on x86_64.
-	 * Therefore we need to allocate shadow page tables in the first
-	 * 4GB of memory, which happens to fit the DMA32 zone.
-	 */
 	page = alloc_page(GFP_KERNEL_ACCOUNT | __GFP_DMA32);
 	if (!page)
 		return -ENOMEM;