diff --git a/neutron/plugins/ml2/drivers/ovn/mech_driver/ovsdb/ovn_client.py b/neutron/plugins/ml2/drivers/ovn/mech_driver/ovsdb/ovn_client.py
index acd4c41a0e8..96abc466e64 100644
--- a/neutron/plugins/ml2/drivers/ovn/mech_driver/ovsdb/ovn_client.py
+++ b/neutron/plugins/ml2/drivers/ovn/mech_driver/ovsdb/ovn_client.py
@@ -989,7 +989,7 @@ class OVNClient(object):
                 if lb in item.load_balancer]
 
             if not ls_linked:
-                return
+                continue
 
             # Find out IP addresses and subnets of configured members.
             members_to_verify = []
diff --git a/releasenotes/notes/fix-issue-with-ovn-loadbalancer-fip-4e4bda00cf019f71.yaml b/releasenotes/notes/fix-issue-with-ovn-loadbalancer-fip-4e4bda00cf019f71.yaml
new file mode 100644
index 00000000000..943aa596d1e
--- /dev/null
+++ b/releasenotes/notes/fix-issue-with-ovn-loadbalancer-fip-4e4bda00cf019f71.yaml
@@ -0,0 +1,5 @@
+---
+fixes:
+  - |
+    Fixes an issue when associating floating IPs to OVN load balancers. See `LP#2068644
+    <https://bugs.launchpad.net/neutron/+bug/2068644>`__ for more details.