diff --git a/src/main/java/com/fasterxml/jackson/databind/deser/impl/PropertyValueBuffer.java b/src/main/java/com/fasterxml/jackson/databind/deser/impl/PropertyValueBuffer.java
index d58c684775..52921f1bd0 100644
--- a/src/main/java/com/fasterxml/jackson/databind/deser/impl/PropertyValueBuffer.java
+++ b/src/main/java/com/fasterxml/jackson/databind/deser/impl/PropertyValueBuffer.java
@@ -5,9 +5,9 @@
 
 import com.fasterxml.jackson.core.JsonParser;
 import com.fasterxml.jackson.databind.*;
-import com.fasterxml.jackson.databind.deser.SettableAnyProperty;
-import com.fasterxml.jackson.databind.deser.SettableBeanProperty;
+import com.fasterxml.jackson.databind.deser.*;
 import com.fasterxml.jackson.databind.introspect.AnnotatedMember;
+import com.fasterxml.jackson.databind.util.ClassUtil;
 
 /**
  * Simple container used for temporarily buffering a set of
@@ -335,7 +335,12 @@ public Object handleIdValue(final DeserializationContext ctxt, Object bean) thro
                 // also: may need to set a property value as well
                 SettableBeanProperty idProp = _objectIdReader.idProperty;
                 if (idProp != null) {
-                    return idProp.setAndReturn(bean, _idValue);
+                    // [databind#5328] Records/Creators do not have setters, skip
+                    if (idProp instanceof CreatorProperty) {
+                        return bean;
+                    } else  {
+                        return idProp.setAndReturn(bean, _idValue);
+                    }
                 }
             } else {
                 // 07-Jun-2016, tatu: Trying to improve error messaging here...
diff --git a/src/test-jdk17/java/com/fasterxml/jackson/databind/records/JsonIdentityOnRecord5238Test.java b/src/test-jdk17/java/com/fasterxml/jackson/databind/records/JsonIdentityOnRecord5238Test.java
new file mode 100644
index 0000000000..7cc68774a9
--- /dev/null
+++ b/src/test-jdk17/java/com/fasterxml/jackson/databind/records/JsonIdentityOnRecord5238Test.java
@@ -0,0 +1,83 @@
+package com.fasterxml.jackson.databind.records;
+
+import java.util.List;
+
+import org.junit.jupiter.api.Test;
+
+import com.fasterxml.jackson.annotation.*;
+import com.fasterxml.jackson.databind.ObjectMapper;
+import com.fasterxml.jackson.databind.testutil.DatabindTestUtil;
+
+import static org.junit.jupiter.api.Assertions.*;
+
+// [databind#5238] immutable classes with @JsonIdentityInfo can be deserialized; records cannot
+public class JsonIdentityOnRecord5238Test
+        extends DatabindTestUtil
+{
+    // Record-based data
+    record ExampleRecord(List<ThingRecord> allThings, ThingRecord selected) { }
+
+    @JsonIdentityInfo(generator = ObjectIdGenerators.PropertyGenerator.class, property = "id")
+    record ThingRecord(int id, String name) { }
+
+    // POJO-based data
+    static class ExamplePojo {
+        public List<ThingPojo> allThings;
+        public ThingPojo selected;
+
+        @JsonCreator
+        public ExamplePojo(
+                @JsonProperty("allThings") List<ThingPojo> allThings,
+                @JsonProperty("selected") ThingPojo selected) {
+            this.allThings = allThings;
+            this.selected = selected;
+        }
+    }
+
+    @JsonIdentityInfo(generator = ObjectIdGenerators.PropertyGenerator.class, property = "id")
+    static class ThingPojo {
+        public final int id;
+        public final String name;
+
+        @JsonCreator
+        public ThingPojo(@JsonProperty("prefixId") int id, @JsonProperty("name") String name) {
+            this.id = id;
+            this.name = name;
+        }
+    }
+
+    private final ObjectMapper MAPPER = newJsonMapper();
+
+    @Test
+    void testIdentityWithPojo() throws Exception {
+        ThingPojo t1 = new ThingPojo(1, "a");
+        ThingPojo t2 = new ThingPojo(2, "b");
+        ExamplePojo input = new ExamplePojo(List.of(t1, t2), t2);
+
+        String json = MAPPER.writeValueAsString(input);
+
+        // Then : Check deserialization result, values
+        ExamplePojo result = MAPPER.readValue(json, ExamplePojo.class);
+        assertEquals(input.allThings.size(), result.allThings.size());
+        assertEquals(input.selected.id, result.selected.id);
+        assertEquals(input.selected.name, result.selected.name);
+    }
+
+    @Test
+    void testIdentityWithRecord() throws Exception {
+        // Given
+        ThingRecord t1 = new ThingRecord(1, "a");
+        ThingRecord t2 = new ThingRecord(2, "b");
+        ExampleRecord input = new ExampleRecord(List.of(t1, t2), t2);
+
+        // When
+        String json = MAPPER.writeValueAsString(input);
+        ExampleRecord result = MAPPER.readValue(json, ExampleRecord.class);
+
+        // Then
+        assertEquals(input.allThings.size(), result.allThings.size());
+        assertEquals(input.selected.id, result.selected.id);
+        assertEquals(input.selected.name, result.selected.name);
+    }
+
+}
\ No newline at end of file