diff --git a/src/V3Param.cpp b/src/V3Param.cpp
index 282f6e9f2..7df3961c9 100644
--- a/src/V3Param.cpp
+++ b/src/V3Param.cpp
@@ -1150,7 +1150,12 @@ class ParamVisitor final : public VNVisitor {
         if (nodep->ifacep()) visitCellOrClassRef(nodep, true);
     }
     void visit(AstClassRefDType* nodep) override { visitCellOrClassRef(nodep, false); }
-    void visit(AstClassOrPackageRef* nodep) override { visitCellOrClassRef(nodep, false); }
+    void visit(AstClassOrPackageRef* nodep) override {
+        // If it points to a typedef it is not really a class reference. That typedef will be
+        // visited anyway (from its parent node), so even if it points to a parameterized class
+        // type, the instance will be created.
+        if (!VN_IS(nodep->classOrPackageNodep(), Typedef)) visitCellOrClassRef(nodep, false);
+    }
 
     // Make sure all parameters are constantified
     void visit(AstVar* nodep) override {
diff --git a/test_regress/t/t_class_param_typedef2.pl b/test_regress/t/t_class_param_typedef2.pl
new file mode 100755
index 000000000..1aa73f80a
--- /dev/null
+++ b/test_regress/t/t_class_param_typedef2.pl
@@ -0,0 +1,21 @@
+#!/usr/bin/env perl
+if (!$::Driver) { use FindBin; exec("$FindBin::Bin/bootstrap.pl", @ARGV, $0); die; }
+# DESCRIPTION: Verilator: Verilog Test driver/expect definition
+#
+# Copyright 2022 by Wilson Snyder. This program is free software; you
+# can redistribute it and/or modify it under the terms of either the GNU
+# Lesser General Public License Version 3 or the Perl Artistic License
+# Version 2.0.
+# SPDX-License-Identifier: LGPL-3.0-only OR Artistic-2.0
+
+scenarios(simulator => 1);
+
+compile(
+    );
+
+execute(
+    check_finished => 1,
+    );
+
+ok(1);
+1;
diff --git a/test_regress/t/t_class_param_typedef2.v b/test_regress/t/t_class_param_typedef2.v
new file mode 100644
index 000000000..ea2e74a1a
--- /dev/null
+++ b/test_regress/t/t_class_param_typedef2.v
@@ -0,0 +1,34 @@
+// DESCRIPTION: Verilator: Verilog Test module
+//
+// This file ONLY is placed under the Creative Commons Public Domain, for
+// any use, without warranty, 2023 by Antmicro Ltd.
+// SPDX-License-Identifier: CC0-1.0
+
+virtual class Virt;
+endclass
+
+class MyInt;
+  int x;
+endclass
+
+class uvm_object_registry #(
+    type T = Virt
+);
+  static function T create_object();
+    T obj = new();
+    obj.x = 1;
+    return obj;
+  endfunction
+endclass
+
+typedef uvm_object_registry#(MyInt) type_id;
+
+module t;
+  initial begin
+    MyInt mi = type_id::create_object();
+    if (mi.x != 1) $stop;
+
+    $write("*-* All Finished *-*\n");
+    $finish;
+  end
+endmodule