diff --git a/packages/SystemUI/res/values/strings.xml b/packages/SystemUI/res/values/strings.xml
index 511b1a3881a60..a21725469d5d8 100644
--- a/packages/SystemUI/res/values/strings.xml
+++ b/packages/SystemUI/res/values/strings.xml
@@ -2390,6 +2390,8 @@
     <string name="magnification_mode_switch_state_window">Magnify part of screen</string>
     <!-- Click action label for magnification settings panel. [CHAR LIMIT=NONE] -->
     <string name="magnification_open_settings_click_label">Open magnification settings</string>
+    <!-- Click action label for magnification settings panel. [CHAR LIMIT=NONE] -->
+    <string name="magnification_close_settings_click_label">Close magnification settings</string>
     <!-- Label of the corner of a rectangle that you can tap and drag to resize the magnification area. [CHAR LIMIT=NONE] -->
     <string name="magnification_drag_corner_to_resize">Drag corner to resize</string>
 
diff --git a/packages/SystemUI/src/com/android/systemui/accessibility/MagnificationSettingsController.java b/packages/SystemUI/src/com/android/systemui/accessibility/MagnificationSettingsController.java
index c3bb423e5e4e4..fd3c158898227 100644
--- a/packages/SystemUI/src/com/android/systemui/accessibility/MagnificationSettingsController.java
+++ b/packages/SystemUI/src/com/android/systemui/accessibility/MagnificationSettingsController.java
@@ -87,14 +87,15 @@ public class MagnificationSettingsController implements ComponentCallbacks {
     }
 
     /**
-     * Shows magnification settings panel {@link WindowMagnificationSettings}.
+     * Toggles the visibility of magnification settings panel {@link WindowMagnificationSettings}.
+     * We show the panel if it is not visible. Otherwise, hide the panel.
      */
-    void showMagnificationSettings() {
+    void toggleSettingsPanelVisibility() {
         if (!mWindowMagnificationSettings.isSettingPanelShowing()) {
             onConfigurationChanged(mContext.getResources().getConfiguration());
             mContext.registerComponentCallbacks(this);
         }
-        mWindowMagnificationSettings.showSettingPanel();
+        mWindowMagnificationSettings.toggleSettingsPanelVisibility();
     }
 
     void closeMagnificationSettings() {
diff --git a/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnification.java b/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnification.java
index e2b85fa0ac00c..2a14dc894d436 100644
--- a/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnification.java
+++ b/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnification.java
@@ -171,7 +171,7 @@ public class WindowMagnification implements CoreStartable, CommandQueue.Callback
 
         mModeSwitchesController.setClickListenerDelegate(
                 displayId -> mHandler.post(() -> {
-                    showMagnificationSettingsPanel(displayId);
+                    toggleSettingsPanelVisibility(displayId);
                 }));
     }
 
@@ -254,11 +254,11 @@ public class WindowMagnification implements CoreStartable, CommandQueue.Callback
     }
 
     @MainThread
-    void showMagnificationSettingsPanel(int displayId) {
+    void toggleSettingsPanelVisibility(int displayId) {
         final MagnificationSettingsController magnificationSettingsController =
                 mMagnificationSettingsSupplier.get(displayId);
         if (magnificationSettingsController != null) {
-            magnificationSettingsController.showMagnificationSettings();
+            magnificationSettingsController.toggleSettingsPanelVisibility();
         }
     }
 
@@ -335,7 +335,7 @@ public class WindowMagnification implements CoreStartable, CommandQueue.Callback
         @Override
         public void onClickSettingsButton(int displayId) {
             mHandler.post(() -> {
-                showMagnificationSettingsPanel(displayId);
+                toggleSettingsPanelVisibility(displayId);
             });
         }
     };
diff --git a/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnificationController.java b/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnificationController.java
index a67f706777d9a..7c765889a381d 100644
--- a/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnificationController.java
+++ b/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnificationController.java
@@ -221,6 +221,7 @@ class WindowMagnificationController implements View.OnTouchListener, SurfaceHold
 
     private boolean mAllowDiagonalScrolling = false;
     private boolean mEditSizeEnable = false;
+    private boolean mSettingsPanelVisibility = false;
 
     @Nullable
     private final MirrorWindowControl mMirrorWindowControl;
@@ -1399,6 +1400,8 @@ class WindowMagnificationController implements View.OnTouchListener, SurfaceHold
             return;
         }
 
+        mSettingsPanelVisibility = settingsPanelIsShown;
+
         mDragView.setBackground(mContext.getResources().getDrawable(settingsPanelIsShown
                 ? R.drawable.accessibility_window_magnification_drag_handle_background_change
                 : R.drawable.accessibility_window_magnification_drag_handle_background));
@@ -1439,12 +1442,19 @@ class WindowMagnificationController implements View.OnTouchListener, SurfaceHold
 
     private class MirrorWindowA11yDelegate extends View.AccessibilityDelegate {
 
+        private CharSequence getClickAccessibilityActionLabel() {
+            return mSettingsPanelVisibility
+                    ? mContext.getResources().getString(
+                            R.string.magnification_close_settings_click_label)
+                    : mContext.getResources().getString(
+                            R.string.magnification_open_settings_click_label);
+        }
+
         @Override
         public void onInitializeAccessibilityNodeInfo(View host, AccessibilityNodeInfo info) {
             super.onInitializeAccessibilityNodeInfo(host, info);
             final AccessibilityAction clickAction = new AccessibilityAction(
-                    AccessibilityAction.ACTION_CLICK.getId(), mContext.getResources().getString(
-                    R.string.magnification_open_settings_click_label));
+                    AccessibilityAction.ACTION_CLICK.getId(), getClickAccessibilityActionLabel());
             info.addAction(clickAction);
             info.setClickable(true);
             info.addAction(
diff --git a/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnificationSettings.java b/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnificationSettings.java
index 3b1d695e3dad3..d0ff9f82db927 100644
--- a/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnificationSettings.java
+++ b/packages/SystemUI/src/com/android/systemui/accessibility/WindowMagnificationSettings.java
@@ -311,6 +311,14 @@ class WindowMagnificationSettings implements MagnificationGestureDetector.OnGest
         mCallback.onSettingsPanelVisibilityChanged(/* shown= */ false);
     }
 
+    public void toggleSettingsPanelVisibility() {
+        if (!mIsVisible) {
+            showSettingPanel();
+        } else {
+            hideSettingPanel();
+        }
+    }
+
     public void showSettingPanel() {
         showSettingPanel(true);
     }
diff --git a/packages/SystemUI/tests/src/com/android/systemui/accessibility/MagnificationSettingsControllerTest.java b/packages/SystemUI/tests/src/com/android/systemui/accessibility/MagnificationSettingsControllerTest.java
index 665246bd7f7dc..62a176c94d677 100644
--- a/packages/SystemUI/tests/src/com/android/systemui/accessibility/MagnificationSettingsControllerTest.java
+++ b/packages/SystemUI/tests/src/com/android/systemui/accessibility/MagnificationSettingsControllerTest.java
@@ -73,9 +73,9 @@ public class MagnificationSettingsControllerTest extends SysuiTestCase {
 
     @Test
     public void testShowSettingsPanel() {
-        mMagnificationSettingsController.showMagnificationSettings();
+        mMagnificationSettingsController.toggleSettingsPanelVisibility();
 
-        verify(mWindowMagnificationSettings).showSettingPanel();
+        verify(mWindowMagnificationSettings).toggleSettingsPanelVisibility();
     }
 
     @Test
diff --git a/packages/SystemUI/tests/src/com/android/systemui/accessibility/WindowMagnificationTest.java b/packages/SystemUI/tests/src/com/android/systemui/accessibility/WindowMagnificationTest.java
index 38ecec0b4602f..db580742a68f6 100644
--- a/packages/SystemUI/tests/src/com/android/systemui/accessibility/WindowMagnificationTest.java
+++ b/packages/SystemUI/tests/src/com/android/systemui/accessibility/WindowMagnificationTest.java
@@ -110,7 +110,7 @@ public class WindowMagnificationTest extends SysuiTestCase {
             mWindowMagnification.mMagnificationSettingsControllerCallback
                     .onSettingsPanelVisibilityChanged(TEST_DISPLAY, /* shown= */ true);
             return null;
-        }).when(mMagnificationSettingsController).showMagnificationSettings();
+        }).when(mMagnificationSettingsController).toggleSettingsPanelVisibility();
         doAnswer(invocation -> {
             mWindowMagnification.mMagnificationSettingsControllerCallback
                     .onSettingsPanelVisibilityChanged(TEST_DISPLAY, /* shown= */ false);
@@ -198,7 +198,7 @@ public class WindowMagnificationTest extends SysuiTestCase {
         mWindowMagnification.mWindowMagnifierCallback.onClickSettingsButton(TEST_DISPLAY);
         waitForIdleSync();
 
-        verify(mMagnificationSettingsController).showMagnificationSettings();
+        verify(mMagnificationSettingsController).toggleSettingsPanelVisibility();
         verify(mA11yLogger).log(
                 eq(MagnificationSettingsEvent.MAGNIFICATION_SETTINGS_PANEL_OPENED));
     }