diff --git a/packages/libp2p/src/connection-manager/dial-queue.ts b/packages/libp2p/src/connection-manager/dial-queue.ts
index 5202260ac8..ef99a8a9bd 100644
--- a/packages/libp2p/src/connection-manager/dial-queue.ts
+++ b/packages/libp2p/src/connection-manager/dial-queue.ts
@@ -36,6 +36,7 @@ export interface PendingDialTarget {
 interface DialQueueJobOptions extends PriorityQueueJobOptions, ProgressOptions<OpenConnectionProgressEvents> {
   peerId?: PeerId
   multiaddrs: Set<string>
+  force?: boolean
 }
 
 interface DialerInit {
@@ -135,11 +136,12 @@ export class DialQueue {
    */
   async dial (peerIdOrMultiaddr: PeerId | Multiaddr | Multiaddr[], options: OpenConnectionOptions = {}): Promise<Connection> {
     const { peerId, multiaddrs } = getPeerAddress(peerIdOrMultiaddr)
+    const { force } = options
 
     // make sure we don't have an existing connection to any of the addresses we
     // are about to dial
     const existingConnection = Array.from(this.connections.values()).flat().find(conn => {
-      if (options.force === true) {
+      if (force === true) {
         return false
       }
 
@@ -220,6 +222,7 @@ export class DialQueue {
       peerId,
       priority: options.priority ?? DEFAULT_DIAL_PRIORITY,
       multiaddrs: new Set(multiaddrs.map(ma => ma.toString())),
+      force,
       signal: options.signal ?? AbortSignal.timeout(this.dialTimeout),
       onProgress: options.onProgress
     })
@@ -313,6 +316,31 @@ export class DialQueue {
             this.log.error('could not update last dial failure key for %p', peerId, err)
           }
 
+          const { remotePeer } = conn
+
+          // make sure we don't have an existing connection to the address we dialed
+          const existingConnection = Array.from(this.connections.values()).flat().find(_conn => {
+            if (options.force === true) {
+              return false
+            }
+
+            if (_conn.remotePeer.equals(remotePeer) && _conn !== conn) {
+              return true
+            }
+
+            return false
+          })
+
+          if (existingConnection?.status === 'open') {
+            this.log('already connected to %a', existingConnection.remoteAddr)
+            options?.onProgress?.(new CustomProgressEvent('dial-queue:already-connected'))
+
+            this.log('closing duplicate connection to %p', remotePeer)
+            await conn.close()
+
+            return existingConnection
+          }
+
           // dial successful, return the connection
           return conn
         } catch (err: any) {
diff --git a/packages/libp2p/test/connection-manager/dial-queue.spec.ts b/packages/libp2p/test/connection-manager/dial-queue.spec.ts
index 7f078eaa56..21898bbfbd 100644
--- a/packages/libp2p/test/connection-manager/dial-queue.spec.ts
+++ b/packages/libp2p/test/connection-manager/dial-queue.spec.ts
@@ -3,6 +3,7 @@
 import { generateKeyPair } from '@libp2p/crypto/keys'
 import { NotFoundError } from '@libp2p/interface'
 import { peerLogger } from '@libp2p/logger'
+import { PeerMap } from '@libp2p/peer-collections'
 import { peerIdFromPrivateKey } from '@libp2p/peer-id'
 import { multiaddr } from '@multiformats/multiaddr'
 import { TCP, WebRTC } from '@multiformats/multiaddr-matcher'
@@ -381,6 +382,42 @@ describe('dial queue', () => {
     await expect(dialer.dial(remotePeer)).to.eventually.equal(connection)
   })
 
+  it('should return existing connection when dialing a multiaddr without a peer id', async () => {
+    const remotePeer = peerIdFromPrivateKey(await generateKeyPair('Ed25519'))
+    const ip = multiaddr('/ip4/123.123.123.123')
+    const addr1 = ip.encapsulate('/tcp/123')
+    const addr2 = ip.encapsulate('/tcp/321')
+
+    const existingConnection = stubInterface<Connection>({
+      limits: {
+        bytes: 100n
+      },
+      remotePeer,
+      remoteAddr: addr1.encapsulate(`/p2p/${remotePeer}`),
+      status: 'open'
+    })
+
+    const newConnection = stubInterface<Connection>({
+      limits: {
+        bytes: 100n
+      },
+      remotePeer,
+      remoteAddr: addr2.encapsulate(`/p2p/${remotePeer}`),
+      status: 'open'
+    })
+
+    const connections = new PeerMap<Connection[]>()
+    connections.set(remotePeer, [existingConnection])
+
+    components.transportManager.dialTransportForMultiaddr.callsFake(ma => {
+      return stubInterface<Transport>()
+    })
+    components.transportManager.dial.callsFake(async (ma, opts = {}) => newConnection)
+    dialer = new DialQueue(components, { connections })
+
+    await expect(dialer.dial(addr2)).to.eventually.equal(existingConnection)
+  })
+
   it('should respect user dial signal over default timeout if it is passed', async () => {
     const dialTimeout = 10
     const userTimeout = 500