diff --git a/mysql-test/suite/innodb/r/innodb-update-insert.result b/mysql-test/suite/innodb/r/innodb-update-insert.result
new file mode 100644
index 00000000000..cd0fed101ab
--- /dev/null
+++ b/mysql-test/suite/innodb/r/innodb-update-insert.result
@@ -0,0 +1,43 @@
+#
+# Bug#14668683 ASSERT REC_GET_DELETED_FLAG(REC, PAGE_IS_COMP(PAGE))
+#
+create table t1(f1 char(1) primary key, f2 int not null, f3 blob)
+engine=innodb;
+show create table t1;
+Table	Create Table
+t1	CREATE TABLE `t1` (
+  `f1` char(1) NOT NULL,
+  `f2` int(11) NOT NULL,
+  `f3` blob,
+  PRIMARY KEY (`f1`)
+) ENGINE=InnoDB DEFAULT CHARSET=latin1
+insert into t1 values ('a', 0, repeat('b',8102));
+select f1 from t1;
+f1
+a
+update t1 set f1='A';
+select f1 from t1;
+f1
+A
+drop table t1;
+#
+# Another test case
+#
+create table t1 (f1 char(1), f2 longblob, f3 blob, primary key(f1))
+charset=utf8 engine=innodb;
+replace into t1 set f1=0xa3;
+Warnings:
+Warning	1366	Incorrect string value: '\xA3' for column 'f1' at row 1
+select f1 from t1;
+f1
+
+update t1 set f1=0x6a;
+update t1 set f3=repeat(0xb1,8103);
+update t1 set f1=0x4a;
+update t1 set f1=0x82;
+Warnings:
+Warning	1366	Incorrect string value: '\x82' for column 'f1' at row 1
+select f1 from t1;
+f1
+
+drop table t1;
diff --git a/mysql-test/suite/innodb/t/innodb-update-insert.test b/mysql-test/suite/innodb/t/innodb-update-insert.test
new file mode 100644
index 00000000000..95387e0564e
--- /dev/null
+++ b/mysql-test/suite/innodb/t/innodb-update-insert.test
@@ -0,0 +1,38 @@
+#
+# Copyright (c) 2014 Oracle and/or its affiliates. All rights reserved.
+#
+
+# This file contains test cases for checking the functionality "update by
+# delete + insert".
+
+--source include/have_innodb.inc
+
+--echo #
+--echo # Bug#14668683 ASSERT REC_GET_DELETED_FLAG(REC, PAGE_IS_COMP(PAGE))
+--echo #
+
+create table t1(f1 char(1) primary key, f2 int not null, f3 blob)
+engine=innodb;
+show create table t1;
+
+insert into t1 values ('a', 0, repeat('b',8102));
+select f1 from t1;
+update t1 set f1='A';
+select f1 from t1;
+drop table t1;
+
+--echo #
+--echo # Another test case
+--echo #
+create table t1 (f1 char(1), f2 longblob, f3 blob, primary key(f1))
+charset=utf8 engine=innodb;
+
+replace into t1 set f1=0xa3;
+select f1 from t1;
+update t1 set f1=0x6a;
+update t1 set f3=repeat(0xb1,8103);
+update t1 set f1=0x4a;
+update t1 set f1=0x82;
+select f1 from t1;
+
+drop table t1;
diff --git a/storage/innobase/row/row0upd.c b/storage/innobase/row/row0upd.c
index 8a4d52d7e3d..dccfa5ceb5c 100644
--- a/storage/innobase/row/row0upd.c
+++ b/storage/innobase/row/row0upd.c
@@ -1,6 +1,6 @@
 /*****************************************************************************
 
-Copyright (c) 1996, 2013, Oracle and/or its affiliates. All Rights Reserved.
+Copyright (c) 1996, 2014, Oracle and/or its affiliates. All Rights Reserved.
 
 This program is free software; you can redistribute it and/or modify it under
 the terms of the GNU General Public License as published by the Free Software
@@ -1873,7 +1873,13 @@ err_exit:
 				rec, offsets, entry, node->update);
 
 			if (change_ownership) {
-				btr_pcur_store_position(pcur, mtr);
+				/* The blobs are disowned here, expecting the
+				insert down below to inherit them.  But if the
+				insert fails, then this disown will be undone
+				when the operation is rolled back. */
+				btr_cur_disown_inherited_fields(
+					btr_cur_get_page_zip(btr_cur),
+					rec, index, offsets, node->update, mtr);
 			}
 		}
 
@@ -1899,35 +1905,6 @@ err_exit:
 		? UPD_NODE_INSERT_BLOB
 		: UPD_NODE_INSERT_CLUSTERED;
 
-	if (err == DB_SUCCESS && change_ownership) {
-		/* Mark the non-updated fields disowned by the old record. */
-
-		/* NOTE: this transaction has an x-lock on the record
-		and therefore other transactions cannot modify the
-		record when we have no latch on the page. In addition,
-		we assume that other query threads of the same
-		transaction do not modify the record in the meantime.
-		Therefore we can assert that the restoration of the
-		cursor succeeds. */
-
-		mtr_start(mtr);
-
-		if (!btr_pcur_restore_position(BTR_MODIFY_LEAF, pcur, mtr)) {
-			ut_error;
-		}
-
-		rec = btr_cur_get_rec(btr_cur);
-		offsets = rec_get_offsets(rec, index, offsets,
-					  ULINT_UNDEFINED, &heap);
-		ut_ad(page_rec_is_user_rec(rec));
-
-		btr_cur_disown_inherited_fields(
-			btr_cur_get_page_zip(btr_cur),
-			rec, index, offsets, node->update, mtr);
-
-		mtr_commit(mtr);
-	}
-
 	mem_heap_free(heap);
 
 	return(err);