diff --git a/python/python-psi-impl/src/com/jetbrains/python/inspections/unresolvedReference/PyUnresolvedReferencesVisitor.java b/python/python-psi-impl/src/com/jetbrains/python/inspections/unresolvedReference/PyUnresolvedReferencesVisitor.java
index 5d40e058d03d..b67940ef1123 100644
--- a/python/python-psi-impl/src/com/jetbrains/python/inspections/unresolvedReference/PyUnresolvedReferencesVisitor.java
+++ b/python/python-psi-impl/src/com/jetbrains/python/inspections/unresolvedReference/PyUnresolvedReferencesVisitor.java
@@ -661,44 +661,43 @@ abstract class PyUnresolvedReferencesVisitor extends PyInspectionVisitor {
       final String exprName = expr.getName();
       if (exprName != null) {
         if (qualifier != null) {
-          final PyType type = context.getType(qualifier);
-          if (type instanceof PyClassType) {
-            ContainerUtil.addIfNotNull(result, extractAttributeQNameFromClassType(exprName, (PyClassType)type));
-          }
-          else if (type instanceof PyModuleType) {
-            final PyFile file = ((PyModuleType)type).getModule();
-            final QualifiedName name = QualifiedNameFinder.findCanonicalImportPath(file, element);
-            if (name != null) {
-              ContainerUtil.addIfNotNull(result, name.append(exprName));
-            }
-          }
-          else if (type instanceof PyImportedModuleType) {
-            final PyImportedModule module = ((PyImportedModuleType)type).getImportedModule();
-            final PsiElement resolved = module.resolve();
-            if (resolved != null) {
-              final QualifiedName path = QualifiedNameFinder.findCanonicalImportPath(resolved, element);
-              if (path != null) {
-                ContainerUtil.addIfNotNull(result, path.append(exprName));
+          final PyType qualifierType = context.getType(qualifier);
+          PyTypeUtil.toStream(qualifierType)
+            .map(type -> {
+              if (type instanceof PyClassType) {
+                return extractAttributeQNameFromClassType(exprName, (PyClassType)type);
               }
-            }
-          }
-          else if (type instanceof PyFunctionType) {
-            final PyCallable callable = ((PyFunctionType)type).getCallable();
-            final String callableName = callable.getName();
-            if (callableName != null) {
-              final QualifiedName path = QualifiedNameFinder.findCanonicalImportPath(callable, element);
-              if (path != null) {
-                result.add(path.append(QualifiedName.fromComponents(callableName, exprName)));
+              else if (type instanceof PyModuleType) {
+                final PyFile file = ((PyModuleType)type).getModule();
+                final QualifiedName name = QualifiedNameFinder.findCanonicalImportPath(file, element);
+                if (name != null) {
+                  return name.append(exprName);
+                }
               }
-            }
-          }
-          else if (type instanceof PyUnionType) {
-            for (PyType memberType : ((PyUnionType)type).getMembers()) {
-              if (memberType instanceof PyClassType) {
-                ContainerUtil.addIfNotNull(result, extractAttributeQNameFromClassType(exprName, (PyClassType)memberType));
+              else if (type instanceof PyImportedModuleType) {
+                final PyImportedModule module = ((PyImportedModuleType)type).getImportedModule();
+                final PsiElement resolved = module.resolve();
+                if (resolved != null) {
+                  final QualifiedName path = QualifiedNameFinder.findCanonicalImportPath(resolved, element);
+                  if (path != null) {
+                    return path.append(exprName);
+                  }
+                }
               }
-            }
-          }
+              else if (type instanceof PyFunctionType) {
+                final PyCallable callable = ((PyFunctionType)type).getCallable();
+                final String callableName = callable.getName();
+                if (callableName != null) {
+                  final QualifiedName path = QualifiedNameFinder.findCanonicalImportPath(callable, element);
+                  if (path != null) {
+                    return path.append(QualifiedName.fromComponents(callableName, exprName));
+                  }
+                }
+              }
+              return null;
+            })
+            .nonNull()
+            .into(result);
         }
         else {
           final PsiElement parent = element.getParent();
diff --git a/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/a.py b/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/a.py
new file mode 100644
index 000000000000..5db321720e71
--- /dev/null
+++ b/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/a.py
@@ -0,0 +1,3 @@
+import pkg
+
+pkg.unresolved
\ No newline at end of file
diff --git a/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/python_stubs/pkg/__init__.py b/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/python_stubs/pkg/__init__.py
new file mode 100644
index 000000000000..e69de29bb2d1
diff --git a/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/python_stubs/pkg/mod.py b/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/python_stubs/pkg/mod.py
new file mode 100644
index 000000000000..e69de29bb2d1
diff --git a/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/site-packages/pkg/__init__.py b/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/site-packages/pkg/__init__.py
new file mode 100644
index 000000000000..df09185d0eb7
--- /dev/null
+++ b/python/testData/inspections/PyUnresolvedReferencesInspection/WildcardIgnorePatternReferenceForNestedBinaryModule/site-packages/pkg/__init__.py
@@ -0,0 +1 @@
+from .mod import *
\ No newline at end of file
diff --git a/python/testSrc/com/jetbrains/python/inspections/PyUnresolvedReferencesInspectionTest.java b/python/testSrc/com/jetbrains/python/inspections/PyUnresolvedReferencesInspectionTest.java
index fbcd8379255f..cd8a88248ea2 100644
--- a/python/testSrc/com/jetbrains/python/inspections/PyUnresolvedReferencesInspectionTest.java
+++ b/python/testSrc/com/jetbrains/python/inspections/PyUnresolvedReferencesInspectionTest.java
@@ -828,6 +828,25 @@ public class PyUnresolvedReferencesInspectionTest extends PyInspectionTestCase {
                  "a.<warning descr=\"Cannot find reference 'append' in 'None'\">append</warning>(10)");
   }
 
+  // PY-39682
+  public void testWildcardIgnorePatternReferenceForNestedBinaryModule() {
+    // TODO simplify runWithAdditionalClassEntryInSdkRoots to accept a relative path directly
+    final String testDataDir = getTestDataPath() + "/" + getTestDirectoryPath();
+    final VirtualFile sitePackagesDir = StandardFileSystems.local().findFileByPath(testDataDir + "/site-packages");
+    final VirtualFile skeletonsDir = StandardFileSystems.local().findFileByPath(testDataDir + "/python_stubs");
+    runWithAdditionalClassEntryInSdkRoots(sitePackagesDir, () -> {
+      runWithAdditionalClassEntryInSdkRoots(skeletonsDir, () -> {
+        myFixture.configureByFile(getTestDirectoryPath() + "/a.py");
+        final PyUnresolvedReferencesInspection inspection = new PyUnresolvedReferencesInspection();
+        inspection.ignoredIdentifiers.add("pkg.*");
+        myFixture.enableInspections(inspection);
+        myFixture.checkHighlighting(isWarning(), isInfo(), isWeakWarning());
+        assertSdkRootsNotParsed(myFixture.getFile());
+        assertProjectFilesNotParsed(myFixture.getFile());
+      });
+    });
+  }
+
   @NotNull
   @Override
   protected Class<? extends PyInspection> getInspectionClass() {