diff --git a/lib/instrument/visitors/function.js b/lib/instrument/visitors/function.js
index a7d135e8..fa48a0ab 100644
--- a/lib/instrument/visitors/function.js
+++ b/lib/instrument/visitors/function.js
@@ -566,9 +566,11 @@ function hoistSloppyFunctionDeclarations(state) {
 function hoistSloppyFunctionDeclaration(declaration) {
 	const {varName, hoistBlock} = declaration;
 
-	// Do not hoist if existing const, let or class declaration binding in hoist block
+	// Do not hoist if existing const, let or class declaration binding in hoist block.
+	// Also exit if binding exists and already has frozen name. In that case, function may or may not be
+	// hoisted, but it doesn't matter either way, as only implication of hoisting is to freeze var name.
 	const hoistBlockBinding = hoistBlock.bindings.get(varName);
-	if (hoistBlockBinding && !hoistBlockBinding.isVar) return;
+	if (hoistBlockBinding && (!hoistBlockBinding.isVar || hoistBlockBinding.isFrozenName)) return;
 
 	// If parent function's params include var with same name, do not hoist.
 	// NB: `hoistBlock.parent` here is either parent function params block or file block.
@@ -589,7 +591,7 @@ function hoistSloppyFunctionDeclaration(declaration) {
 	// Can be hoisted
 	if (!hoistBlockBinding) {
 		hoistBlock.bindings.set(varName, {...declaration.binding, isVar: true});
-	} else if (!hoistBlockBinding.isFrozenName) {
+	} else {
 		// Existing binding is a `var` declaration.
 		// Flag binding as frozen so `var` declarations' identifiers don't get renamed.
 		hoistBlockBinding.isFrozenName = true;