diff --git a/Objects/typeobject.c b/Objects/typeobject.c
index 1cb53516a9a..6304ee178fd 100644
--- a/Objects/typeobject.c
+++ b/Objects/typeobject.c
@@ -4974,13 +4974,15 @@ is_dunder_name(PyObject *name)
 static void
 update_cache(struct type_cache_entry *entry, PyObject *name, unsigned int version_tag, PyObject *value)
 {
-    entry->version = version_tag;
-    entry->value = value;  /* borrowed */
+    _Py_atomic_store_uint32_relaxed(&entry->version, version_tag);
+    _Py_atomic_store_ptr_relaxed(&entry->value, value); /* borrowed */
     assert(_PyASCIIObject_CAST(name)->hash != -1);
     OBJECT_STAT_INC_COND(type_cache_collisions, entry->name != Py_None && entry->name != name);
     // We're releasing this under the lock for simplicity sake because it's always a
     // exact unicode object or Py_None so it's safe to do so.
-    Py_SETREF(entry->name, Py_NewRef(name));
+    PyObject *old_name = entry->name;
+    _Py_atomic_store_ptr_relaxed(&entry->name, Py_NewRef(name));
+    Py_DECREF(old_name);
 }
 
 #if Py_GIL_DISABLED
diff --git a/Tools/tsan/suppressions_free_threading.txt b/Tools/tsan/suppressions_free_threading.txt
index 889b62e59b1..6e2bdc1ea85 100644
--- a/Tools/tsan/suppressions_free_threading.txt
+++ b/Tools/tsan/suppressions_free_threading.txt
@@ -47,5 +47,4 @@ race:set_inheritable
 race:start_the_world
 race:tstate_set_detached
 race:unicode_hash
-race:update_cache
 race:update_cache_gil_disabled