diff --git a/doc/release-notes-17783.md b/doc/release-notes-17783.md
index a2fb1fdc533f6..9f51fcf2a5310 100644
--- a/doc/release-notes-17783.md
+++ b/doc/release-notes-17783.md
@@ -1,4 +1,4 @@
 Configuration
 -------------
 
-Some corner cases handling negated list options `-norpcallowip`, `-norpcbind`, `-nobind`, `-nowhitebind`, `-noconnect`, `-noexternalip`, `-noonlynet`, `-nosignetchallenge`, `-nosignetseednode` have been fixed. Now negating these options is the same as not specifying them at all.
+Some corner cases handling negated list options `-norpcallowip`, `-norpcbind`, `-nobind`, `-nowhitebind`, `-noconnect`, `-noexternalip`, `-noonlynet`, `-nosignetchallenge`, `-nosignetseednode`, `-norpcwallet` have been fixed. Now negating these options is the same as not specifying them at all.
diff --git a/src/bitcoin-cli.cpp b/src/bitcoin-cli.cpp
index 279521a761311..bb11c1a1ae98b 100644
--- a/src/bitcoin-cli.cpp
+++ b/src/bitcoin-cli.cpp
@@ -1061,7 +1061,7 @@ static void ParseGetInfoResult(UniValue& result)
 static UniValue GetNewAddress()
 {
     std::optional<std::string> wallet_name{};
-    if (gArgs.IsArgSet("-rpcwallet")) wallet_name = gArgs.GetArg("-rpcwallet", "");
+    if (gArgs.IsArgSet("-rpcwallet") && !gArgs.IsArgNegated("-rpcwallet")) wallet_name = gArgs.GetArg("-rpcwallet", "");
     DefaultRequestHandler rh;
     return ConnectAndCallRPC(&rh, "getnewaddress", /* args=*/{}, wallet_name);
 }
@@ -1168,7 +1168,7 @@ static int CommandLineRPC(int argc, char *argv[])
         if (nRet == 0) {
             // Perform RPC call
             std::optional<std::string> wallet_name{};
-            if (gArgs.IsArgSet("-rpcwallet")) wallet_name = gArgs.GetArg("-rpcwallet", "");
+            if (gArgs.IsArgSet("-rpcwallet") && !gArgs.IsArgNegated("-rpcwallet")) wallet_name = gArgs.GetArg("-rpcwallet", "");
             const UniValue reply = ConnectAndCallRPC(rh.get(), method, args, wallet_name);
 
             // Parse reply
@@ -1176,7 +1176,7 @@ static int CommandLineRPC(int argc, char *argv[])
             const UniValue& error = find_value(reply, "error");
             if (error.isNull()) {
                 if (gArgs.GetBoolArg("-getinfo", false)) {
-                    if (!gArgs.IsArgSet("-rpcwallet")) {
+                    if (!gArgs.IsArgSet("-rpcwallet") || gArgs.IsArgNegated("-rpcwallet")) {
                         GetWalletBalances(result); // fetch multiwallet balances and append to result
                     }
                     ParseGetInfoResult(result);