diff --git a/python/cudf/cudf/core/indexed_frame.py b/python/cudf/cudf/core/indexed_frame.py
index 904cd0c69c2..8d67afa34bc 100644
--- a/python/cudf/cudf/core/indexed_frame.py
+++ b/python/cudf/cudf/core/indexed_frame.py
@@ -8,7 +8,6 @@
 import textwrap
 import warnings
 from collections import Counter, abc
-from functools import cached_property
 from typing import (
     Any,
     Callable,
@@ -2266,7 +2265,7 @@ def truncate(self, before=None, after=None, axis=0, copy=True):
         slicer[axis] = slice(before, after)
         return self.loc[tuple(slicer)].copy()
 
-    @cached_property
+    @property
     def loc(self):
         """Select rows and columns by label or boolean mask.
 
@@ -2332,7 +2331,7 @@ def loc(self):
         """
         return self._loc_indexer_type(self)
 
-    @cached_property
+    @property
     def iloc(self):
         """Select values by position.
 
diff --git a/python/cudf/cudf/tests/test_indexing.py b/python/cudf/cudf/tests/test_indexing.py
index f49b9b02076..b1d871b6abc 100644
--- a/python/cudf/cudf/tests/test_indexing.py
+++ b/python/cudf/cudf/tests/test_indexing.py
@@ -1,5 +1,6 @@
 # Copyright (c) 2021-2024, NVIDIA CORPORATION.
 
+import weakref
 from datetime import datetime
 from itertools import combinations
 
@@ -2257,6 +2258,16 @@ def test_scalar_loc_row_categoricalindex():
     assert_eq(result, expected)
 
 
+@pytest.mark.parametrize("klass", [cudf.DataFrame, cudf.Series])
+@pytest.mark.parametrize("indexer", ["iloc", "loc"])
+def test_iloc_loc_no_circular_reference(klass, indexer):
+    obj = klass([0])
+    ref = weakref.ref(obj)
+    getattr(obj, indexer)[0]
+    del obj
+    assert ref() is None
+
+
 def test_loc_setitem_empty_dataframe():
     pdf = pd.DataFrame(index=["index_1", "index_2", "index_3"])
     gdf = cudf.from_pandas(pdf)