diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
index 7d2e9eec766..373daed0916 100644
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -3901,6 +3901,10 @@ util::Result<void> CWallet::ApplyMigrationData(WalletBatch& local_wallet_batch,
         return util::Error{_("Error: Unable to read wallet's best block locator record")};
     }
 
+    // Update m_txos to match the descriptors remaining in this wallet
+    m_txos.clear();
+    RefreshAllTXOs();
+
     // Check if the transactions in the wallet are still ours. Either they belong here, or they belong in the watchonly wallet.
     // We need to go through these in the tx insertion order so that lookups to spends works.
     std::vector<Txid> txids_to_delete;