In the current communication era, 2G voice services coexist with higher generation mobile network voice services like Voice over Long Term Evolution (VoLTE) in 4G and Voice over New Radio (VoNR) in 5G. Subscribers registered in the 5G network, but their voice option is in 4G so voice calls can be handled through the Evolved Packet System (EPS) Fallback or Radio access technology (RAT) Fallback. Similarly, subscribers register in a 4G network, but their voice option is in 3G or 2G so voice calls can be handled through Circuit Switched Fallback (CSFB). To provide uninterrupted voice service in such wireless networks usually handoff calls (HCs) receive higher priority than new calls (NCs). So, some guard radio resources (i.e., channels in 2G or RBs in 4G or 5G) may be reserved in each cell to handle this type of HCs. If more channels are reserved for HCs, then the handoff call-dropping probability (HCDP) will be decreased and at that time the new call-blocking probability (NCBP) will be increased. So, by considering the target HCDP if channels are reserved for HC, then HCDP will remain below the target and NCBP will be minimum. In this paper first, we proposed an optimal channel reservation (OCR) policy that reserves guard channels according to the given target HCDP. Second, we compared our OCR policy with fractional channel (FC), limited fractional channel (LFC), and uniform fractional channel (UFC) policies. Finally, we observed the performance of all these policies considering the Global System for the Mobile Communication (GSM) network.