diff --git a/gcc/cp/name-lookup.cc b/gcc/cp/name-lookup.cc
index 43b95bffecf..32af7a6aed9 100644
--- a/gcc/cp/name-lookup.cc
+++ b/gcc/cp/name-lookup.cc
@@ -1306,7 +1306,9 @@ name_lookup::adl_namespace_fns (tree scope, bitmap imports,
 		    /* For lookups on the instantiation path we can see any
 		       module-linkage declaration; otherwise we should only
 		       see exported decls.  */
-		    if (!on_inst_path)
+		    if (on_inst_path)
+		      bind = STAT_DECL (bind);
+		    else
 		      bind = STAT_VISIBLE (bind);
 		  }
 
diff --git a/gcc/testsuite/g++.dg/modules/adl-10_a.C b/gcc/testsuite/g++.dg/modules/adl-10_a.C
new file mode 100644
index 00000000000..eef4ef0f724
--- /dev/null
+++ b/gcc/testsuite/g++.dg/modules/adl-10_a.C
@@ -0,0 +1,23 @@
+// PR c++/121893
+// { dg-additional-options "-fmodules -Wno-global-module" }
+// { dg-module-cmi M }
+
+module;
+namespace ns {
+  struct S {};
+
+  struct F {
+    template <typename T> void operator()(T) {}
+  };
+  inline constexpr F foo{};
+}
+
+export module M;
+
+namespace ns {
+  export using ns::S;
+  export using ns::foo;
+}
+
+template <typename T> void foo(T) {}
+export template <typename T> void go(T t) { foo(t); }
diff --git a/gcc/testsuite/g++.dg/modules/adl-10_b.C b/gcc/testsuite/g++.dg/modules/adl-10_b.C
new file mode 100644
index 00000000000..9be64a96f4e
--- /dev/null
+++ b/gcc/testsuite/g++.dg/modules/adl-10_b.C
@@ -0,0 +1,7 @@
+// PR c++/121893
+// { dg-additional-options "-fmodules" }
+
+import M;
+int main() {
+  ::go(ns::S{});
+}