diff --git a/qiskit/quantum_info/operators/symplectic/sparse_pauli_op.py b/qiskit/quantum_info/operators/symplectic/sparse_pauli_op.py
index 10d76f8719af..4621019a9d81 100644
--- a/qiskit/quantum_info/operators/symplectic/sparse_pauli_op.py
+++ b/qiskit/quantum_info/operators/symplectic/sparse_pauli_op.py
@@ -256,6 +256,8 @@ def paulis(self, value):
             raise ValueError(
                 f"incorrect number of operators: expected {len(self.paulis)}, got {len(value)}"
             )
+        self.coeffs *= (-1j) ** value.phase
+        value.phase = 0
         self._pauli_list = value
 
     @property
diff --git a/releasenotes/notes/fix-sparsepauliop-phase-bug-2b24f4b775ca564f.yaml b/releasenotes/notes/fix-sparsepauliop-phase-bug-2b24f4b775ca564f.yaml
new file mode 100644
index 000000000000..ff1cf96dd711
--- /dev/null
+++ b/releasenotes/notes/fix-sparsepauliop-phase-bug-2b24f4b775ca564f.yaml
@@ -0,0 +1,8 @@
+---
+fixes:
+  - |
+    Fixed a bug when :attr:`.SparsePauliOp.paulis` is set to be a :class:`.PauliList` with nonzero 
+    phase, where subsequent calls to several :class:`.SparsePauliOp` methods would produce 
+    incorrect results. Now when :attr:`.SparsePauliOp.paulis` is set to a :class:`.PauliList` with 
+    nonzero phase, the phase is absorbed into :attr:`.SparsePauliOp.coeffs`, and the phase of the 
+    input :class:`.PauliList` is set to zero.
diff --git a/test/python/quantum_info/operators/symplectic/test_sparse_pauli_op.py b/test/python/quantum_info/operators/symplectic/test_sparse_pauli_op.py
index 4964b0c6a609..dedd84279a8d 100644
--- a/test/python/quantum_info/operators/symplectic/test_sparse_pauli_op.py
+++ b/test/python/quantum_info/operators/symplectic/test_sparse_pauli_op.py
@@ -1097,6 +1097,25 @@ def test_paulis_setter_rejects_bad_inputs(self):
         with self.assertRaisesRegex(ValueError, "incorrect number of operators"):
             op.paulis = PauliList([Pauli("XY"), Pauli("ZX"), Pauli("YZ")])
 
+    def test_paulis_setter_absorbs_phase(self):
+        """Test that the setter for `paulis` absorbs `paulis.phase` to `self.coeffs`."""
+        coeffs_init = np.array([1, 1j])
+        op = SparsePauliOp(["XY", "ZX"], coeffs=coeffs_init)
+        paulis_new = PauliList(["-1jXY", "1jZX"])
+        op.paulis = paulis_new
+        # Paulis attribute should have no phase:
+        self.assertEqual(op.paulis, PauliList(["XY", "ZX"]))
+        # Coeffs attribute should now include that phase:
+        self.assertTrue(np.allclose(op.coeffs, coeffs_init * np.array([-1j, 1j])))
+        # The phase of the input array is now zero:
+        self.assertTrue(np.allclose(paulis_new.phase, np.array([0, 0])))
+
+    def test_paulis_setter_absorbs_phase_2(self):
+        """Test that `paulis` setter followed by `simplify()` handle phase OK."""
+        spo = SparsePauliOp(["X", "X"])
+        spo.paulis = ["X", "-X"]
+        self.assertEqual(spo.simplify(), SparsePauliOp(["I"], coeffs=[0.0 + 0.0j]))
+
     def test_apply_layout_with_transpile(self):
         """Test the apply_layout method with a transpiler layout."""
         psi = EfficientSU2(4, reps=4, entanglement="circular")