diff --git a/drivers/net/ethernet/stmicro/stmmac/stmmac_main.c b/drivers/net/ethernet/stmicro/stmmac/stmmac_main.c
index 0fca81507a779..c3700316fed6c 100644
--- a/drivers/net/ethernet/stmicro/stmmac/stmmac_main.c
+++ b/drivers/net/ethernet/stmicro/stmmac/stmmac_main.c
@@ -31,6 +31,7 @@
 #include <linux/pm_runtime.h>
 #include <linux/prefetch.h>
 #include <linux/pinctrl/consumer.h>
+#include <linux/regulator/consumer.h>
 #ifdef CONFIG_DEBUG_FS
 #include <linux/debugfs.h>
 #include <linux/seq_file.h>
@@ -1123,6 +1124,55 @@ static void stmmac_check_pcs_mode(struct stmmac_priv *priv)
 	}
 }
 
+/**
+ * stmmac_phy_power - PHY regulator on/off
+ * @priv: driver private structure
+ * @enable: turn on the regulator if true else turn it off
+ * Enable or disable the regulator powering the PHY.
+ */
+static int stmmac_phy_power(struct stmmac_priv *priv, bool enable)
+{
+	struct regulator *regulator = priv->plat->phy_regulator;
+	struct device *dev = priv->device;
+
+	if (!regulator)
+		return 0;
+
+	if (enable) {
+		int ret;
+
+		ret = regulator_enable(regulator);
+		if (ret)
+			dev_err(dev, "Fail to enable regulator\n");
+
+		return ret;
+	}
+
+	regulator_disable(regulator);
+
+	return 0;
+}
+
+/**
+ * stmmac_phy_power_on - PHY regulator on
+ * @priv: driver private structure
+ * Enable the PHY regulator
+ */
+static int stmmac_phy_power_on(struct stmmac_priv *priv)
+{
+	return stmmac_phy_power(priv, true);
+}
+
+/**
+ * stmmac_phy_power_off - PHY regulator off
+ * @priv: driver private structure
+ * Disable the PHY regulator
+ */
+static void stmmac_phy_power_off(struct stmmac_priv *priv)
+{
+	stmmac_phy_power(priv, false);
+}
+
 /**
  * stmmac_init_phy - PHY initialization
  * @dev: net device structure
@@ -1248,7 +1298,8 @@ static int stmmac_phy_setup(struct stmmac_priv *priv)
 		return PTR_ERR(phylink);
 
 	priv->phylink = phylink;
-	return 0;
+
+	return stmmac_phy_power_on(priv);
 }
 
 static void stmmac_display_rx_rings(struct stmmac_priv *priv,
@@ -7469,6 +7520,7 @@ void stmmac_dvr_remove(struct device *dev)
 	if (priv->hw->pcs != STMMAC_PCS_TBI &&
 	    priv->hw->pcs != STMMAC_PCS_RTBI)
 		stmmac_mdio_unregister(ndev);
+	stmmac_phy_power_off(priv);
 	destroy_workqueue(priv->wq);
 	mutex_destroy(&priv->lock);
 	bitmap_free(priv->af_xdp_zc_qps);
@@ -7532,6 +7584,8 @@ int stmmac_suspend(struct device *dev)
 		if (device_may_wakeup(priv->device))
 			phylink_speed_down(priv->phylink, false);
 		phylink_suspend(priv->phylink, false);
+		if (!priv->plat->use_phy_wol)
+			stmmac_phy_power_off(priv);
 	}
 	rtnl_unlock();
 
@@ -7614,6 +7668,8 @@ int stmmac_resume(struct device *dev)
 		priv->irq_wake = 0;
 	} else {
 		pinctrl_pm_select_default_state(priv->device);
+		if (!priv->plat->use_phy_wol)
+			stmmac_phy_power_on(priv);
 		/* reset the phy so that it's ready */
 		if (priv->mii)
 			stmmac_mdio_reset(priv->mii);
diff --git a/drivers/net/ethernet/stmicro/stmmac/stmmac_platform.c b/drivers/net/ethernet/stmicro/stmmac/stmmac_platform.c
index eb0b2898daa3d..fb160633ef347 100644
--- a/drivers/net/ethernet/stmicro/stmmac/stmmac_platform.c
+++ b/drivers/net/ethernet/stmicro/stmmac/stmmac_platform.c
@@ -10,6 +10,7 @@
 
 #include <linux/platform_device.h>
 #include <linux/pm_runtime.h>
+#include <linux/regulator/consumer.h>
 #include <linux/module.h>
 #include <linux/io.h>
 #include <linux/of.h>
@@ -423,6 +424,15 @@ stmmac_probe_config_dt(struct platform_device *pdev, u8 *mac)
 	if (plat->interface < 0)
 		plat->interface = plat->phy_interface;
 
+	/* Optional regulator for PHY */
+	plat->phy_regulator = devm_regulator_get_optional(&pdev->dev, "phy");
+	if (IS_ERR(plat->phy_regulator)) {
+		if (PTR_ERR(plat->phy_regulator) == -EPROBE_DEFER)
+			return ERR_CAST(plat->phy_regulator);
+		dev_info(&pdev->dev, "No regulator found\n");
+		plat->phy_regulator = NULL;
+	}
+
 	/* Some wrapper drivers still rely on phy_node. Let's save it while
 	 * they are not converted to phylink. */
 	plat->phy_node = of_parse_phandle(np, "phy-handle", 0);
diff --git a/include/linux/stmmac.h b/include/linux/stmmac.h
index 225751a8fd8e3..456bab4a3b362 100644
--- a/include/linux/stmmac.h
+++ b/include/linux/stmmac.h
@@ -209,6 +209,7 @@ struct plat_stmmacenet_data {
 	int phy_addr;
 	int interface;
 	phy_interface_t phy_interface;
+	struct regulator *phy_regulator;
 	struct stmmac_mdio_bus_data *mdio_bus_data;
 	struct device_node *phy_node;
 	struct device_node *phylink_node;
