diff --git a/src/Microsoft.OpenApi/Models/OpenApiSchema.cs b/src/Microsoft.OpenApi/Models/OpenApiSchema.cs
index 513b865df..0176ea1d9 100644
--- a/src/Microsoft.OpenApi/Models/OpenApiSchema.cs
+++ b/src/Microsoft.OpenApi/Models/OpenApiSchema.cs
@@ -536,6 +536,11 @@ internal void SerializeAsV2(
             }
 
             target.SerializeAsV2WithoutReference(writer, parentRequiredProperties, propertyName);
+           
+            if (Reference != null)
+            {
+                settings.LoopDetector.PopLoop<OpenApiSchema>();
+            }
         }
 
         /// <summary>