Fatal error: Nesting level too deep - recursive dependency

Recently discovered an issue with layout builder IPE and specific entity embed use cases. If CMS user uses entity embed to embed a content block stemming from page B into the body of page A and then uses entity embed to embed a content block stemming from page A into the body of page B it will result in the error below when trying to visit either page. Note that I have content blocks set to not render the body field as it is disabled for content block display.

Fatal error: Nesting level too deep - recursive dependency? in /var/www/html/web/modules/contrib/layout_builder_ipe/layout_builder_ipe.module on line 53