diff --git a/pkg/internal/handler/requeue_filter.go b/pkg/internal/handler/requeue_filter.go
new file mode 100644
index 00000000..bbf2e4c3
--- /dev/null
+++ b/pkg/internal/handler/requeue_filter.go
@@ -0,0 +1,61 @@
+/*
+Copyright 2023.
+
+Licensed under the Apache License, Version 2.0 (the "License");
+you may not use this file except in compliance with the License.
+You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing, software
+distributed under the License is distributed on an "AS IS" BASIS,
+WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+See the License for the specific language governing permissions and
+limitations under the License.
+*/
+
+package handler
+
+import (
+	"context"
+
+	"k8s.io/client-go/util/workqueue"
+	"sigs.k8s.io/controller-runtime/pkg/event"
+	crthandler "sigs.k8s.io/controller-runtime/pkg/handler"
+)
+
+type requeueFilter struct {
+	crthandler.EventHandler
+}
+
+// RequeueFilter wraps the EventHandler and skips the event if it was requeued for the given object
+func RequeueFilter(delegate crthandler.EventHandler) crthandler.EventHandler {
+	return &requeueFilter{EventHandler: delegate}
+}
+
+func (r *requeueFilter) Create(ctx context.Context, evt event.CreateEvent, q workqueue.RateLimitingInterface) {
+	r.EventHandler.Create(ctx, evt, &delegatingQueue{RateLimitingInterface: q})
+}
+
+func (r *requeueFilter) Update(ctx context.Context, evt event.UpdateEvent, q workqueue.RateLimitingInterface) {
+	r.EventHandler.Update(ctx, evt, &delegatingQueue{RateLimitingInterface: q})
+}
+
+func (r *requeueFilter) Delete(ctx context.Context, evt event.DeleteEvent, q workqueue.RateLimitingInterface) {
+	r.EventHandler.Delete(ctx, evt, &delegatingQueue{RateLimitingInterface: q})
+}
+
+func (r *requeueFilter) Generic(ctx context.Context, evt event.GenericEvent, q workqueue.RateLimitingInterface) {
+	r.EventHandler.Generic(ctx, evt, &delegatingQueue{RateLimitingInterface: q})
+}
+
+type delegatingQueue struct {
+	workqueue.RateLimitingInterface
+}
+
+func (q *delegatingQueue) Add(item interface{}) {
+	if q.RateLimitingInterface.NumRequeues(item) > 0 {
+		return
+	}
+	q.RateLimitingInterface.Add(item)
+}
diff --git a/pkg/reconciler/reconciler.go b/pkg/reconciler/reconciler.go
index 6ccb05b1..187aa242 100644
--- a/pkg/reconciler/reconciler.go
+++ b/pkg/reconciler/reconciler.go
@@ -25,6 +25,7 @@ import (
 	"time"
 
 	"github.com/go-logr/logr"
+	"github.com/operator-framework/helm-operator-plugins/pkg/internal/handler"
 	sdkhandler "github.com/operator-framework/operator-lib/handler"
 	"helm.sh/helm/v3/pkg/action"
 	"helm.sh/helm/v3/pkg/chart"
@@ -41,8 +42,7 @@ import (
 	ctrl "sigs.k8s.io/controller-runtime"
 	"sigs.k8s.io/controller-runtime/pkg/client"
 	"sigs.k8s.io/controller-runtime/pkg/controller"
-	"sigs.k8s.io/controller-runtime/pkg/handler"
-	"sigs.k8s.io/controller-runtime/pkg/predicate"
+	ctrlhandler "sigs.k8s.io/controller-runtime/pkg/handler"
 	ctrlpredicate "sigs.k8s.io/controller-runtime/pkg/predicate"
 	"sigs.k8s.io/controller-runtime/pkg/source"
 
@@ -73,7 +73,7 @@ type Reconciler struct {
 	log                              logr.Logger
 	gvk                              *schema.GroupVersionKind
 	chrt                             *chart.Chart
-	selectorPredicate                predicate.Predicate
+	selectorPredicate                ctrlpredicate.Predicate
 	overrideValues                   map[string]string
 	skipDependentWatches             bool
 	maxConcurrentReconciles          int
@@ -929,7 +929,11 @@ func (r *Reconciler) setupWatches(mgr ctrl.Manager, c controller.Controller) err
 
 	if err := c.Watch(
 		source.Kind(mgr.GetCache(), secret),
-		handler.EnqueueRequestForOwner(mgr.GetScheme(), mgr.GetRESTMapper(), obj, handler.OnlyControllerOwner()),
+		// Do not schedule a new reconcile if the upgrade has failed and the controller has entered an exponential backoff
+		// to avoid endless reconcile loop.
+		handler.RequeueFilter(
+			ctrlhandler.EnqueueRequestForOwner(mgr.GetScheme(), mgr.GetRESTMapper(), obj, ctrlhandler.OnlyControllerOwner()),
+		),
 	); err != nil {
 		return err
 	}