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We ran into this issue as well, mostly on WildFly 10.1.0.Final. The attached patch fixed the issue for us. With the application at https://github.com/topicusonderwijs/cachetest I managed to reproduce the issue a few times. I was only able to reproduce it with trace logging enabled on org.infinispan. I've attached a log snippet showing this occurrence. At line 65 and 66 you can see how the cache is read before it is updated:

11:38:15,728 DEBUG [org.hibernate.cache.spi.UpdateTimestampsCache] (default task-14) [MyEntity] last update timestamp: 1508405883285, result set timestamp: 1508405887405
11:38:15,728 TRACE [org.infinispan.interceptors.CallInterceptor] (thread-2) Executing command: PutKeyValueCommand{key=MyEntity, value=1508405955724, flags=[SKIP_LOCKING, FORCE_ASYNCHRONOUS, SKIP_CACHE_LOAD, SKIP_REMOTE_LOOKUP], putIfAbsent=false, valueMatcher=MATCH_ALWAYS, metadata=EmbeddedExpirableMetadata{lifespan=-1, maxIdle=-1, version=null}, successful=true}.