diff --git a/components/bt/controller/esp32/bt.c b/components/bt/controller/esp32/bt.c
index 1e06d46246f..ad2e88d6b07 100644
--- a/components/bt/controller/esp32/bt.c
+++ b/components/bt/controller/esp32/bt.c
@@ -47,6 +47,7 @@
 
 #include "esp_rom_sys.h"
 #include "hli_api.h"
+#include "esp_private/sleep_modem.h"
 
 #if CONFIG_BLE_LOG_ENABLED
 #include "ble_log.h"
@@ -1692,7 +1693,7 @@ esp_err_t esp_bt_controller_init(esp_bt_controller_config_t *cfg)
 
     ESP_LOGI(BTDM_LOG_TAG, "BT controller compile version [%s]", btdm_controller_get_compile_version());
 
-    esp_phy_modem_init();
+    esp_phy_modem_init(SLEEP_MODEM_BT);
 
     esp_bt_power_domain_on();
 
@@ -1867,7 +1868,7 @@ static void bt_controller_deinit_internal(void)
 
     esp_bt_power_domain_off();
 
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_BT);
 }
 
 static void bt_controller_shutdown(void* arg)
diff --git a/components/bt/controller/esp32c2/bt.c b/components/bt/controller/esp32c2/bt.c
index 4f7a44083d9..fa45bf70bd5 100644
--- a/components/bt/controller/esp32c2/bt.c
+++ b/components/bt/controller/esp32c2/bt.c
@@ -48,9 +48,7 @@
 #include "esp_private/esp_clk_tree_common.h"
 #include "bt_osi_mem.h"
 
-#if CONFIG_FREERTOS_USE_TICKLESS_IDLE
 #include "esp_private/sleep_modem.h"
-#endif // CONFIG_FREERTOS_USE_TICKLESS_IDLE
 #include "esp_private/esp_modem_clock.h"
 
 #include "freertos/FreeRTOS.h"
@@ -957,7 +955,7 @@ esp_err_t esp_bt_controller_init(esp_bt_controller_config_t *cfg)
 
     os_msys_init();
 
-    esp_phy_modem_init();
+    esp_phy_modem_init(SLEEP_MODEM_BT);
     periph_module_enable(PERIPH_BT_MODULE);
     periph_module_reset(PERIPH_BT_MODULE);
 
@@ -1037,7 +1035,7 @@ controller_init_err:
 #endif // CONFIG_BT_LE_CONTROLLER_LOG_ENABLED
     ble_controller_deinit();
 modem_deint:
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_BT);
     periph_module_disable(PERIPH_BT_MODULE);
 
 free_mem:
@@ -1077,7 +1075,7 @@ esp_err_t esp_bt_controller_deinit(void)
 
     npl_freertos_mempool_deinit();
 
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_BT);
 
     ble_controller_status = ESP_BT_CONTROLLER_STATUS_IDLE;
 
diff --git a/components/bt/controller/esp32c3/bt.c b/components/bt/controller/esp32c3/bt.c
index 72acdcfbcf5..b432cf2523f 100644
--- a/components/bt/controller/esp32c3/bt.c
+++ b/components/bt/controller/esp32c3/bt.c
@@ -62,6 +62,8 @@
 #endif // CONFIG_BT_CTRL_LE_LOG_STORAGE_EN
 #include "esp_rom_gpio.h"
 #if CONFIG_BT_ENABLED
+#include "esp_private/sleep_modem.h"
+
 
 /* Macro definition
  ************************************************************************
@@ -1850,7 +1852,7 @@ esp_err_t esp_bt_controller_init(esp_bt_controller_config_t *cfg)
 #if CONFIG_MAC_BB_PD
     esp_mac_bb_pd_mem_init();
 #endif
-    esp_phy_modem_init();
+    esp_phy_modem_init(SLEEP_MODEM_BT);
     esp_bt_power_domain_on();
 
     btdm_controller_mem_init();
@@ -2049,7 +2051,7 @@ static void bt_controller_deinit_internal(void)
 #if CONFIG_MAC_BB_PD
     esp_mac_bb_pd_mem_deinit();
 #endif
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_BT);
 
 #if CONFIG_BT_CTRL_LE_LOG_EN
     esp_bt_controller_log_deinit();
diff --git a/components/bt/controller/esp32c5/bt.c b/components/bt/controller/esp32c5/bt.c
index e9d6739e273..1c5b0f25766 100644
--- a/components/bt/controller/esp32c5/bt.c
+++ b/components/bt/controller/esp32c5/bt.c
@@ -44,8 +44,8 @@
 #include "soc/regdma.h"
 #include "bt_osi_mem.h"
 
-#if CONFIG_FREERTOS_USE_TICKLESS_IDLE
 #include "esp_private/sleep_modem.h"
+#if CONFIG_FREERTOS_USE_TICKLESS_IDLE
 #include "esp_private/sleep_retention.h"
 #include "esp_private/pm_impl.h"
 #endif // CONFIG_FREERTOS_USE_TICKLESS_IDLE
@@ -1016,7 +1016,7 @@ esp_err_t esp_bt_controller_init(esp_bt_controller_config_t *cfg)
     modem_clock_module_mac_reset(PERIPH_BT_MODULE);
     /* Select slow clock source for BT momdule */
     ble_rtc_clk_init(cfg);
-    esp_phy_modem_init();
+    esp_phy_modem_init(SLEEP_MODEM_BT);
 
     if (ble_osi_coex_funcs_register((struct osi_coex_funcs_t *)&s_osi_coex_funcs_ro) != 0) {
         ESP_LOGW(NIMBLE_PORT_LOG_TAG, "osi coex funcs reg failed");
@@ -1111,7 +1111,7 @@ modem_deint:
 #if CONFIG_BT_LE_CONTROLLER_LOG_ENABLED
     esp_bt_controller_log_deinit();
 #endif // CONFIG_BT_LE_CONTROLLER_LOG_ENABLED
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_BT);
     modem_clock_deselect_lp_clock_source(PERIPH_BT_MODULE);
     modem_clock_module_disable(PERIPH_BT_MODULE);
 
@@ -1136,7 +1136,7 @@ esp_err_t esp_bt_controller_deinit(void)
 
     os_msys_deinit();
 
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_BT);
     modem_clock_deselect_lp_clock_source(PERIPH_BT_MODULE);
     modem_clock_module_disable(PERIPH_BT_MODULE);
 
diff --git a/components/bt/controller/esp32c6/bt.c b/components/bt/controller/esp32c6/bt.c
index d472e03bda4..71da469d2bd 100644
--- a/components/bt/controller/esp32c6/bt.c
+++ b/components/bt/controller/esp32c6/bt.c
@@ -45,8 +45,8 @@
 #include "esp_private/esp_clk_tree_common.h"
 #include "bt_osi_mem.h"
 
-#if CONFIG_FREERTOS_USE_TICKLESS_IDLE
 #include "esp_private/sleep_modem.h"
+#if CONFIG_FREERTOS_USE_TICKLESS_IDLE
 #include "esp_private/sleep_retention.h"
 #include "esp_private/pm_impl.h"
 #endif // CONFIG_FREERTOS_USE_TICKLESS_IDLE
@@ -1096,7 +1096,7 @@ esp_err_t esp_bt_controller_init(esp_bt_controller_config_t *cfg)
     modem_clock_module_mac_reset(PERIPH_BT_MODULE);
     /* Select slow clock source for BT momdule */
     ble_rtc_clk_init(cfg);
-    esp_phy_modem_init();
+    esp_phy_modem_init(SLEEP_MODEM_BT);
 
     if (ble_osi_coex_funcs_register((struct osi_coex_funcs_t *)&s_osi_coex_funcs_ro) != 0) {
         ESP_LOGW(NIMBLE_PORT_LOG_TAG, "osi coex funcs reg failed");
@@ -1194,7 +1194,7 @@ modem_deint:
 #if CONFIG_BT_LE_CONTROLLER_LOG_ENABLED
     esp_bt_controller_log_deinit();
 #endif // CONFIG_BT_LE_CONTROLLER_LOG_ENABLED
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_BT);
     modem_clock_deselect_lp_clock_source(PERIPH_BT_MODULE);
     modem_clock_module_disable(PERIPH_BT_MODULE);
 
@@ -1219,7 +1219,7 @@ esp_err_t esp_bt_controller_deinit(void)
 
     os_msys_deinit();
 
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_BT);
     modem_clock_deselect_lp_clock_source(PERIPH_BT_MODULE);
     modem_clock_module_disable(PERIPH_BT_MODULE);
 
diff --git a/components/esp_hw_support/include/esp_private/sleep_modem.h b/components/esp_hw_support/include/esp_private/sleep_modem.h
index 002ae2e482f..ae6e5213dd4 100644
--- a/components/esp_hw_support/include/esp_private/sleep_modem.h
+++ b/components/esp_hw_support/include/esp_private/sleep_modem.h
@@ -15,6 +15,18 @@
 extern "C" {
 #endif
 
+#if SOC_PM_SUPPORT_PMU_MODEM_STATE
+#define SLEEP_MODEM_SKIP_I2C_MST_CLK_RETENTION    (BIT(0))
+#define SLEEP_MODEM_SKIP_WIFI_RETENTION           (BIT(1))
+#define SLEEP_MODEM_RESET_RETENTION               (0)
+#endif // SOC_PM_SUPPORT_PMU_MODEM_STATE
+typedef enum {
+    SLEEP_MODEM_WIFI       = 1,
+    SLEEP_MODEM_BT         = 2,
+    SLEEP_MODEM_IEEE802154 = 4,
+} sleep_modem_type_t;
+#define SLEEP_MODEM_MAX_CNT 3
+
 /**
  * @file sleep_modem.h
  *
@@ -88,18 +100,18 @@ void sleep_modem_mac_bb_power_up_prepare(void);
 void sleep_modem_do_phy_retention(bool restore, bool wifimac_link_is_sel);
 
 /**
- * @brief Get WiFi modem state
+ * @brief Get phy link state
  *
- * @return true or false for WiFi modem state is enabled or disabled
+ * @return true or false for phy link is enabled or disabled
  */
-bool sleep_modem_modem_state_enabled(void);
+bool sleep_modem_phy_link_enabled(void);
 
 /**
- * @brief Get WiFi modem link done state
+ * @brief Get phy link done state
  *
- * @return true or false for WiFi modem link can be used to enable RF by REGDMA or can not be used
+ * @return true or false for phy link can be used to enable RF by REGDMA or can not be used
  */
-bool sleep_modem_modem_link_done(void);
+bool sleep_modem_phy_link_done(void);
 
 #endif /* SOC_PM_SUPPORT_PMU_MODEM_STATE */
 
@@ -204,18 +216,31 @@ void esp_pm_unregister_light_sleep_default_params_config_callback(void);
  * @brief Init phy link.
  *
  * This function init phy link.
-  * @return
-  *   - ESP_OK on success
-  *   - ESP_ERR_NO_MEM if no memory for link
+ *
+ * @param modem_mask bit mask of modems
+ * @return
+ *    - ESP_OK on success
+ *    - ESP_ERR_NO_MEM if no memory for link
  */
-esp_err_t sleep_modem_phy_init(void);
+esp_err_t sleep_modem_phy_init(sleep_modem_type_t modem_mask);
 
 /**
- * @brief  Deinit phy link.
+ * @brief Deinit phy link.
  *
  * This function deinit phy link.
+ *
+ * @param modem_mask bit mask of modems
  */
-void sleep_modem_phy_deinit(void);
+void sleep_modem_phy_deinit(sleep_modem_type_t modem_mask);
+
+/**
+ * @brief Check if Wi-Fi modem state is enabled
+ *
+ * @return
+ *  - true Wi-Fi modem state is enabled
+ *  - false Wi-Fi modem state is disabled
+ */
+bool sleep_modem_wifi_modem_state_is_enabled(void);
 
 /**
  * @brief Function to check Wi-Fi modem state to skip light sleep.
@@ -254,14 +279,7 @@ esp_err_t sleep_phy_link_deinit(void *link_head);
  * @param flags A bitmap to indicate the PHY link regdma description configuration flag
  */
 void sleep_phy_link_config(void *link_context, uint32_t flags);
-
-/**
- * @brief Function to skip the retention entries involving Wi-Fi registers
- *
- * @param skip
- */
-void sleep_phy_skip_wifi_reg(bool skip);
-#endif
+#endif /* SOC_PM_SUPPORT_PMU_MODEM_STATE */
 
 #ifdef __cplusplus
 }
diff --git a/components/esp_hw_support/sleep_modem.c b/components/esp_hw_support/sleep_modem.c
index a86ac86ead8..e82a72d251c 100644
--- a/components/esp_hw_support/sleep_modem.c
+++ b/components/esp_hw_support/sleep_modem.c
@@ -132,43 +132,68 @@ void mac_bb_power_up_cb_execute(void)
 #if SOC_PM_SUPPORT_PMU_MODEM_STATE
 
 typedef struct sleep_modem_config {
-    struct {
-        void    *phy_link;
-        union {
-            struct {
-                uint32_t phy_link_done: 1;
-                uint32_t reserved: 31;
-            };
-            uint32_t flags;
+    _lock_t phy_link_lock;
+    void    *phy_link;
+    union {
+        struct {
+            uint32_t phy_link_done: 1;
+            uint32_t modem_mask: SLEEP_MODEM_MAX_CNT;
+            uint32_t reserved: 27 - SLEEP_MODEM_MAX_CNT;
         };
+        uint32_t flags;
     };
 } sleep_modem_config_t;
 
 static sleep_modem_config_t s_sleep_modem = { .phy_link = NULL, .flags = 0 };
 
+bool IRAM_ATTR sleep_modem_wifi_modem_state_is_enabled(void)
+{
+    return !!(s_sleep_modem.modem_mask & SLEEP_MODEM_WIFI);
+}
 
-esp_err_t sleep_modem_phy_init(void)
+esp_err_t sleep_modem_phy_init(sleep_modem_type_t modem_mask)
 {
     esp_err_t err = ESP_OK;
-
     void *link = NULL;
-    if (s_sleep_modem.phy_link == NULL) {
-        err = sleep_phy_link_init(&link);
-        if (err == ESP_OK) {
-            s_sleep_modem.phy_link = link;
-            s_sleep_modem.flags = 0;
+
+    _lock_acquire(&s_sleep_modem.phy_link_lock);
+    if (s_sleep_modem.modem_mask & modem_mask) {
+        _lock_release(&s_sleep_modem.phy_link_lock);
+        return ESP_ERR_INVALID_ARG;
+    }
+
+    if (!s_sleep_modem.modem_mask) {
+        s_sleep_modem.flags = 0;
+        if (!s_sleep_modem.phy_link) {
+            err = sleep_phy_link_init(&link);
+            if (err == ESP_OK) {
+                s_sleep_modem.phy_link = link;
+            } else {
+                _lock_release(&s_sleep_modem.phy_link_lock);
+                return err;
+            }
         }
     }
+    s_sleep_modem.modem_mask |= modem_mask;
+    _lock_release(&s_sleep_modem.phy_link_lock);
     return err;
 }
 
-__attribute__((unused)) void sleep_modem_phy_deinit(void)
+__attribute__((unused)) void sleep_modem_phy_deinit(sleep_modem_type_t modem_mask)
 {
-    if (s_sleep_modem.phy_link) {
+    _lock_acquire(&s_sleep_modem.phy_link_lock);
+    if (!(s_sleep_modem.modem_mask & modem_mask)) {
+        _lock_release(&s_sleep_modem.phy_link_lock);
+        return;
+    }
+
+    s_sleep_modem.modem_mask &= ~modem_mask;
+    if (s_sleep_modem.phy_link && !s_sleep_modem.modem_mask) {
         sleep_phy_link_deinit(s_sleep_modem.phy_link);
         s_sleep_modem.phy_link = NULL;
         s_sleep_modem.flags = 0;
     }
+    _lock_release(&s_sleep_modem.phy_link_lock);
 }
 
 void IRAM_ATTR sleep_modem_do_phy_retention(bool restore, bool wifimac_link_is_sel)
@@ -226,7 +251,7 @@ uint32_t sleep_modem_reject_triggers(void)
     uint32_t reject_triggers = 0;
 #if SOC_PM_SUPPORT_PMU_MODEM_STATE
     reject_triggers = (s_sleep_modem.phy_link != NULL) ? BIT(16) : 0;
-#endif
+#endif /* SOC_PM_SUPPORT_PMU_MODEM_STATE */
     return reject_triggers;
 }
 
@@ -237,8 +262,8 @@ bool IRAM_ATTR sleep_modem_wifi_modem_state_skip_light_sleep(void)
     /* To block the system from entering sleep before modem link done. In light
      * sleep mode, the system may switch to modem state, which will cause
      * hardware to fail to enable RF */
-    skip = sleep_modem_phy_link_enabled() && !sleep_modem_phy_link_done();
-#endif
+    skip = sleep_modem_wifi_modem_state_is_enabled() && !sleep_modem_phy_link_done();
+#endif /* SOC_PM_SUPPORT_PMU_MODEM_STATE */
     return skip;
 }
 
diff --git a/components/esp_phy/include/esp_phy_init.h b/components/esp_phy/include/esp_phy_init.h
index c41e970c5a6..90272ace236 100644
--- a/components/esp_phy/include/esp_phy_init.h
+++ b/components/esp_phy/include/esp_phy_init.h
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: 2015-2024 Espressif Systems (Shanghai) CO LTD
+ * SPDX-FileCopyrightText: 2015-2026 Espressif Systems (Shanghai) CO LTD
  *
  * SPDX-License-Identifier: Apache-2.0
  */
@@ -200,15 +200,18 @@ void esp_phy_load_cal_and_init(void);
 
 /**
  * @brief Initialize backup memory for Phy power up/down
+ *
+ * @param modem Modem calling phy retention
  */
-void esp_phy_modem_init(void);
+void esp_phy_modem_init(uint8_t modem);
 
 /**
  * @brief Deinitialize backup memory for Phy power up/down
  * Set phy_init_flag if all modems deinit on ESP32C3
+ *
+ * @param modem Modem calling phy retention
  */
-void esp_phy_modem_deinit(void);
-
+void esp_phy_modem_deinit(uint8_t modem);
 #if CONFIG_MAC_BB_PD
 /**
  * @brief Initialize backup memory for MAC and Baseband power up/down
diff --git a/components/esp_phy/src/phy_init.c b/components/esp_phy/src/phy_init.c
index d66a85a1365..84d16802299 100644
--- a/components/esp_phy/src/phy_init.c
+++ b/components/esp_phy/src/phy_init.c
@@ -502,7 +502,7 @@ void esp_wifi_bt_power_domain_off(void)
 #endif // SOC_PM_SUPPORT_MODEM_PD || SOC_PM_SUPPORT_WIFI_PD
 }
 
-void esp_phy_modem_init(void)
+void esp_phy_modem_init(uint8_t modem)
 {
 #if SOC_PM_MODEM_RETENTION_BY_BACKUPDMA || CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
     _lock_acquire(&s_phy_access_lock);
@@ -513,17 +513,21 @@ void esp_phy_modem_init(void)
     }
 #endif // SOC_PM_MODEM_RETENTION_BY_BACKUPDMA
 #if SOC_PM_SUPPORT_PMU_MODEM_STATE && CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
-    sleep_modem_phy_init();
+    sleep_modem_phy_init(modem);
 #endif // CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
     _lock_release(&s_phy_access_lock);
 #endif // SOC_PM_MODEM_RETENTION_BY_BACKUPDMA || CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
 }
 
-void esp_phy_modem_deinit(void)
+void esp_phy_modem_deinit(uint8_t modem)
 {
 #if SOC_PM_MODEM_RETENTION_BY_BACKUPDMA || CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
     _lock_acquire(&s_phy_access_lock);
 
+    if (s_phy_modem_init_ref == 0) {
+        _lock_release(&s_phy_access_lock);
+        return;
+    }
     s_phy_modem_init_ref--;
     if (s_phy_modem_init_ref == 0) {
 #if SOC_PM_MODEM_RETENTION_BY_BACKUPDMA
@@ -537,10 +541,10 @@ void esp_phy_modem_deinit(void)
         phy_init_flag();
 #endif // CONFIG_IDF_TARGET_ESP32C3
 #endif // SOC_PM_MODEM_RETENTION_BY_BACKUPDMA
-#if SOC_PM_SUPPORT_PMU_MODEM_STATE && CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
-        sleep_modem_phy_deinit();
-#endif // CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
     }
+#if SOC_PM_SUPPORT_PMU_MODEM_STATE && CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
+    sleep_modem_phy_deinit(modem);
+#endif // SOC_PM_SUPPORT_PMU_MODEM_STATE && CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
     _lock_release(&s_phy_access_lock);
 #endif // SOC_PM_MODEM_RETENTION_BY_BACKUPDMA || CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
 }
diff --git a/components/esp_wifi/src/wifi_init.c b/components/esp_wifi/src/wifi_init.c
index 32832d74583..94e9050ea11 100644
--- a/components/esp_wifi/src/wifi_init.c
+++ b/components/esp_wifi/src/wifi_init.c
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: 2015-2025 Espressif Systems (Shanghai) CO LTD
+ * SPDX-FileCopyrightText: 2015-2026 Espressif Systems (Shanghai) CO LTD
  *
  * SPDX-License-Identifier: Apache-2.0
  */
@@ -258,7 +258,7 @@ static esp_err_t wifi_deinit_internal(void)
 #endif
 #endif /* CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP */
 #ifdef CONFIG_ESP_PHY_ENABLED
-    esp_phy_modem_deinit();
+    esp_phy_modem_deinit(SLEEP_MODEM_WIFI);
 #endif
     s_wifi_inited = false;
 
@@ -450,10 +450,10 @@ esp_err_t esp_wifi_init(const wifi_init_config_t *config)
         esp_wifi_mac_pd_mem_init();
 #endif
 #ifdef CONFIG_ESP_PHY_ENABLED
-        esp_phy_modem_init();
+        esp_phy_modem_init(SLEEP_MODEM_WIFI);
 #endif
 #if CONFIG_ESP_WIFI_ENHANCED_LIGHT_SLEEP
-        if (sleep_modem_phy_link_enabled()) {
+        if (sleep_modem_wifi_modem_state_is_enabled()) {
             esp_pm_register_skip_light_sleep_callback(sleep_modem_wifi_modem_state_skip_light_sleep);
             esp_wifi_internal_modem_state_configure(true); /* require WiFi to enable automatically receives the beacon */
 #if ESP_MODEM_RF_FLAG_UPDATE_CB_REQUIRED