diff --git a/neat/globals/manager.py b/neat/globals/manager.py
index 2b3382e..44af1d2 100644
--- a/neat/globals/manager.py
+++ b/neat/globals/manager.py
@@ -383,6 +383,10 @@ def execute_underload(config, state, host):
         if not vm in vms_ram:
             del vms_to_migrate[i]
 
+    if not vms_to_migrate:
+        log.info('No VMs to migrate - completed the underload request')
+        return state
+
     for vm in vms_cpu.keys():
         if not vm in vms_ram:
             del vms_cpu[vm]
@@ -545,6 +549,10 @@ def execute_overload(config, state, host, vm_uuids):
         if not vm in vms_ram:
             del vms_to_migrate[i]
 
+    if not vms_to_migrate:
+        log.info('No VMs to migrate - completed the overload request')
+        return state
+
     for vm in vms_cpu.keys():
         if not vm in vms_ram:
             del vms_cpu[vm]