diff --git a/src/plugins/intel_cpu/src/nodes/deconv.cpp b/src/plugins/intel_cpu/src/nodes/deconv.cpp
index 853dfc20d11299..d3f1ae0ba691a5 100644
--- a/src/plugins/intel_cpu/src/nodes/deconv.cpp
+++ b/src/plugins/intel_cpu/src/nodes/deconv.cpp
@@ -495,7 +495,7 @@ void Deconvolution::getSupportedDescriptors() {
                     creatorsMap.at(format)->createSharedDesc(getOriginalInputPrecisionAtPort(0), getInputShapeAtPort(i)));
         }
 
-        for (size_t i = 0; i < getChildEdges().size(); ++i) {
+        for (size_t i = 0; i < config.outConfs.size(); ++i) {
             config.outConfs[i].setMemDesc(
                     creatorsMap.at(format)->createSharedDesc(getOriginalOutputPrecisionAtPort(0), getOutputShapeAtPort(i)));
         }
@@ -1145,7 +1145,7 @@ void Deconvolution::initSupportedPrimitiveDescriptors() {
                     creatorsMap.at(format)->createSharedDesc(getOriginalInputPrecisionAtPort(0), getInputShapeAtPort(i)));
         }
 
-        for (size_t i = 0; i < getChildEdges().size(); ++i) {
+        for (size_t i = 0; i < config.outConfs.size(); ++i) {
             config.outConfs[i].setMemDesc(
                     creatorsMap.at(format)->createSharedDesc(getOriginalOutputPrecisionAtPort(0), getOutputShapeAtPort(i)));
         }
diff --git a/src/plugins/intel_cpu/tests/functional/custom/subgraph_tests/src/arm/deconv_multiple_output_edges.cpp b/src/plugins/intel_cpu/tests/functional/custom/subgraph_tests/src/arm/deconv_multiple_output_edges.cpp
new file mode 100644
index 00000000000000..b2cb4785fb5720
--- /dev/null
+++ b/src/plugins/intel_cpu/tests/functional/custom/subgraph_tests/src/arm/deconv_multiple_output_edges.cpp
@@ -0,0 +1,70 @@
+// Copyright (C) 2023 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include "common_test_utils/node_builders/constant.hpp"
+#include "common_test_utils/node_builders/eltwise.hpp"
+#include "shared_test_classes/base/ov_subgraph.hpp"
+#include "utils/cpu_test_utils.hpp"
+#include "common_test_utils/node_builders/convolution_backprop_data.hpp"
+
+using namespace CPUTestUtils;
+
+namespace ov {
+namespace test {
+
+// Subgraph:
+/*
+┌──────────────────┐           ┌──────────────────┐
+│      INPUT       │           │      WEIGHTS     │
+└─────────┬────────┘           └─────────┬────────┘
+          │      ┌──────────────────┐    │
+          └──────┤  DECONVOLUTION   ├────┘
+                 └──┬───────────┬───┘
+                    │           │
+    ┌───────────────┴──┐     ┌──┴───────────────┐
+    │     MULTIPLY     │     │     MULTIPLY     │
+    └──────────────────┘     └──────────────────┘
+
+Verify deconvolution node correctly handles
+ multiple output edges on a single output port
+ */
+
+class DeconvMultipleOutputEdges : virtual public SubgraphBaseStaticTest {
+public:
+    void SetUp() override {
+        auto ngPrc = ov::element::f32;
+        const ov::Shape inShape = {2, 12, 7, 7};
+        const ov::Shape weiShape = {12, 6, 3, 3};
+        ov::ParameterVector inputParams{std::make_shared<ov::op::v0::Parameter>(ngPrc, inShape),
+                                        std::make_shared<ov::op::v0::Parameter>(ngPrc, weiShape)};
+
+        auto deconv = utils::make_convolution_backprop_data(inputParams[0],
+                                                            inputParams[1],
+                                                            ov::element::f32,
+                                                            ov::Strides({1, 1}),
+                                                            ov::CoordinateDiff({0, 0}),
+                                                            ov::CoordinateDiff({0, 0}),
+                                                            ov::Strides({1, 1}),
+                                                            ov::op::PadType::NOTSET,
+                                                            false);
+        deconv->get_rt_info() = CPUTestsBase::makeCPUInfo({nchw}, {nchw}, {});
+
+        const auto const1 = ov::test::utils::make_constant(ngPrc, std::vector<size_t>{2, 6, 9, 9});
+        const auto const2 = ov::test::utils::make_constant(ngPrc, std::vector<size_t>{2, 6, 9, 9});
+
+        const auto mul1 = utils::make_eltwise(deconv->output(0), const1, utils::EltwiseTypes::MULTIPLY);
+        const auto mul2 = utils::make_eltwise(deconv->output(0), const2, utils::EltwiseTypes::MULTIPLY);
+
+        NodeVector results{mul1, mul2};
+        function = std::make_shared<ov::Model>(results, inputParams, "DeconvMultipleOutputEdges");
+        targetDevice = ov::test::utils::DEVICE_CPU;
+    }
+};
+
+TEST_F(DeconvMultipleOutputEdges, smoke_DeconvMultipleOutputEdges_CPU) {
+    run();
+}
+
+}  // namespace test
+}  // namespace ov