diff --git a/packages/react-reconciler/src/ReactFiberBeginWork.js b/packages/react-reconciler/src/ReactFiberBeginWork.js
index 080f3a1fa8361..1c82d044c442d 100644
--- a/packages/react-reconciler/src/ReactFiberBeginWork.js
+++ b/packages/react-reconciler/src/ReactFiberBeginWork.js
@@ -1244,7 +1244,7 @@ function updateSuspenseComponent(
     } else {
       // The current tree has not already timed out. That means the primary
       // children are not wrapped in a fragment fiber.
-      const currentPrimaryChild: Fiber = (current.child: any);
+      const currentPrimaryChild: Fiber | null = (current.child: any);
       if (nextDidTimeout) {
         // Timed out. Wrap the children in a fragment fiber to keep them
         // separate from the fallback children.
@@ -1260,7 +1260,6 @@ function updateSuspenseComponent(
 
         primaryChildFragment.effectTag |= Placement;
         primaryChildFragment.child = currentPrimaryChild;
-        currentPrimaryChild.return = primaryChildFragment;
 
         if ((workInProgress.mode & ConcurrentMode) === NoContext) {
           // Outside of concurrent mode, we commit the effects from the
diff --git a/packages/react-reconciler/src/__tests__/ReactSuspense-test.internal.js b/packages/react-reconciler/src/__tests__/ReactSuspense-test.internal.js
index 1d987f70fd020..76968cb557b9b 100644
--- a/packages/react-reconciler/src/__tests__/ReactSuspense-test.internal.js
+++ b/packages/react-reconciler/src/__tests__/ReactSuspense-test.internal.js
@@ -838,5 +838,43 @@ describe('ReactSuspense', () => {
       ]);
       expect(root).toMatchRenderedOutput('Tab: 2 + sibling');
     });
+
+    it('#14162', () => {
+      const {lazy} = React;
+
+      function Hello() {
+        return <span>hello</span>;
+      }
+
+      async function fetchComponent() {
+        return new Promise(r => {
+          // simulating a delayed import() call
+          setTimeout(r, 1000, {default: Hello});
+        });
+      }
+
+      const LazyHello = lazy(fetchComponent);
+
+      class App extends React.Component {
+        state = {render: false};
+
+        componentDidMount() {
+          setTimeout(() => this.setState({render: true}));
+        }
+
+        render() {
+          return (
+            <Suspense fallback={<span>loading...</span>}>
+              {this.state.render && <LazyHello />}
+            </Suspense>
+          );
+        }
+      }
+
+      const root = ReactTestRenderer.create(null);
+
+      root.update(<App name="world" />);
+      jest.advanceTimersByTime(1000);
+    });
   });
 });