diff --git a/spring-r2dbc/src/main/java/org/springframework/r2dbc/connection/ConnectionFactoryUtils.java b/spring-r2dbc/src/main/java/org/springframework/r2dbc/connection/ConnectionFactoryUtils.java
index 33a9b6bf8238..c378b52b8170 100644
--- a/spring-r2dbc/src/main/java/org/springframework/r2dbc/connection/ConnectionFactoryUtils.java
+++ b/spring-r2dbc/src/main/java/org/springframework/r2dbc/connection/ConnectionFactoryUtils.java
@@ -176,6 +176,7 @@ public static Mono<Void> doReleaseConnection(Connection connection, ConnectionFa
 			if (conHolder != null && connectionEquals(conHolder, connection)) {
 				// It's the transactional Connection: Don't close it.
 				conHolder.released();
+				return Mono.empty();
 			}
 			return Mono.from(connection.close());
 		}).onErrorResume(NoTransactionException.class, ex -> Mono.from(connection.close()));
diff --git a/spring-r2dbc/src/test/java/org/springframework/r2dbc/connection/TransactionAwareConnectionFactoryProxyUnitTests.java b/spring-r2dbc/src/test/java/org/springframework/r2dbc/connection/TransactionAwareConnectionFactoryProxyUnitTests.java
index 83a0d13e9431..15fafccafe8a 100644
--- a/spring-r2dbc/src/test/java/org/springframework/r2dbc/connection/TransactionAwareConnectionFactoryProxyUnitTests.java
+++ b/spring-r2dbc/src/test/java/org/springframework/r2dbc/connection/TransactionAwareConnectionFactoryProxyUnitTests.java
@@ -1,5 +1,5 @@
 /*
- * Copyright 2002-2020 the original author or authors.
+ * Copyright 2002-2023 the original author or authors.
  *
  * Licensed under the Apache License, Version 2.0 (the "License");
  * you may not use this file except in compliance with the License.
@@ -54,14 +54,16 @@ class TransactionAwareConnectionFactoryProxyUnitTests {
 
 	R2dbcTransactionManager tm;
 
+
 	@BeforeEach
-	@SuppressWarnings({ "rawtypes", "unchecked" })
+	@SuppressWarnings({"rawtypes", "unchecked"})
 	void before() {
 		when(connectionFactoryMock.create()).thenReturn((Mono) Mono.just(connectionMock1),
 				(Mono) Mono.just(connectionMock2), (Mono) Mono.just(connectionMock3));
 		tm = new R2dbcTransactionManager(connectionFactoryMock);
 	}
 
+
 	@Test
 	void createShouldWrapConnection() {
 		new TransactionAwareConnectionFactoryProxy(connectionFactoryMock).create()
@@ -143,14 +145,15 @@ void shouldEmitBoundConnection() {
 		ConnectionFactoryUtils.getConnection(connectionFactoryMock)
 				.doOnNext(transactionalConnection::set).flatMap(connection -> proxyCf.create()
 				.doOnNext(wrappedConnection -> assertThat(((Wrapped<?>) wrappedConnection).unwrap()).isSameAs(connection)))
-				.as(rxtx::transactional)
 				.flatMapMany(Connection::close)
+				.as(rxtx::transactional)
 				.as(StepVerifier::create)
 				.verifyComplete();
 
+		verify(connectionFactoryMock, times(1)).create();
+		verify(connectionMock1, times(1)).close();
 		verifyNoInteractions(connectionMock2);
 		verifyNoInteractions(connectionMock3);
-		verify(connectionFactoryMock, times(1)).create();
 	}
 
 }