diff --git a/Objects/weakrefobject.c b/Objects/weakrefobject.c
index df74be6aba72445..d34e502abbb6419 100644
--- a/Objects/weakrefobject.c
+++ b/Objects/weakrefobject.c
@@ -801,24 +801,14 @@ PyWeakref_NewRef(PyObject *ob, PyObject *callback)
     if (result != NULL)
         Py_INCREF(result);
     else {
-        /* Note: new_weakref() can trigger cyclic GC, so the weakref
-           list on ob can be mutated.  This means that the ref and
-           proxy pointers we got back earlier may have been collected,
-           so we need to compute these values again before we use
-           them. */
+        /* We do not need to recompute ref/proxy here; new_weakref() cannot
+           trigger cyclic GC.
+        */
         result = new_weakref(ob, callback);
         if (result != NULL) {
-            get_basic_refs(*list, &ref, &proxy);
             if (callback == NULL) {
                 if (ref == NULL)
                     insert_head(result, list);
-                else {
-                    /* Someone else added a ref without a callback
-                       during GC.  Return that one instead of this one
-                       to avoid violating the invariants of the list
-                       of weakrefs for ob. */
-                    Py_SETREF(result, (PyWeakReference*)Py_NewRef(ref));
-                }
             }
             else {
                 PyWeakReference *prev;
@@ -858,11 +848,9 @@ PyWeakref_NewProxy(PyObject *ob, PyObject *callback)
     if (result != NULL)
         Py_INCREF(result);
     else {
-        /* Note: new_weakref() can trigger cyclic GC, so the weakref
-           list on ob can be mutated.  This means that the ref and
-           proxy pointers we got back earlier may have been collected,
-           so we need to compute these values again before we use
-           them. */
+        /* We do not need to recompute ref/proxy here; new_weakref() cannot
+           trigger cyclic GC.
+        */
         result = new_weakref(ob, callback);
         if (result != NULL) {
             PyWeakReference *prev;
@@ -873,16 +861,7 @@ PyWeakref_NewProxy(PyObject *ob, PyObject *callback)
             else {
                 Py_SET_TYPE(result, &_PyWeakref_ProxyType);
             }
-            get_basic_refs(*list, &ref, &proxy);
             if (callback == NULL) {
-                if (proxy != NULL) {
-                    /* Someone else added a proxy without a callback
-                       during GC.  Return that one instead of this one
-                       to avoid violating the invariants of the list
-                       of weakrefs for ob. */
-                    Py_SETREF(result, (PyWeakReference*)Py_NewRef(proxy));
-                    goto skip_insert;
-                }
                 prev = ref;
             }
             else
@@ -892,8 +871,6 @@ PyWeakref_NewProxy(PyObject *ob, PyObject *callback)
                 insert_head(result, list);
             else
                 insert_after(result, prev);
-        skip_insert:
-            ;
         }
     }
     return (PyObject *) result;