diff --git a/packages/cli/package.json b/packages/cli/package.json
index 6a2b02e9d4..0d008c9bd4 100644
--- a/packages/cli/package.json
+++ b/packages/cli/package.json
@@ -43,7 +43,7 @@
     "@svgr/plugin-jsx": "5.4.x",
     "@svgr/plugin-svgo": "4.3.x",
     "@svgr/rollup": "5.4.x",
-    "@svgr/webpack": "4.3.x",
+    "@svgr/webpack": "5.4.x",
     "@types/start-server-webpack-plugin": "^2.2.0",
     "@types/webpack-env": "^1.15.2",
     "@types/webpack-node-externals": "^2.5.0",
diff --git a/yarn.lock b/yarn.lock
index 94ce2bd315..d90056f47d 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -791,7 +791,7 @@
   dependencies:
     "@babel/helper-plugin-utils" "^7.10.4"
 
-"@babel/plugin-transform-react-constant-elements@^7.0.0", "@babel/plugin-transform-react-constant-elements@^7.2.0", "@babel/plugin-transform-react-constant-elements@^7.6.3", "@babel/plugin-transform-react-constant-elements@^7.7.4":
+"@babel/plugin-transform-react-constant-elements@^7.0.0", "@babel/plugin-transform-react-constant-elements@^7.2.0", "@babel/plugin-transform-react-constant-elements@^7.6.3", "@babel/plugin-transform-react-constant-elements@^7.7.4", "@babel/plugin-transform-react-constant-elements@^7.9.0":
   version "7.10.4"
   resolved "https://registry.npmjs.org/@babel/plugin-transform-react-constant-elements/-/plugin-transform-react-constant-elements-7.10.4.tgz#0f485260bf1c29012bb973e7e404749eaac12c9e"
   integrity sha512-cYmQBW1pXrqBte1raMkAulXmi7rjg3VI6ZLg9QIic8Hq7BtYXaWuZSxsr2siOMI6SWwpxjWfnwhTUrd7JlAV7g==
@@ -3810,7 +3810,21 @@
     "@svgr/plugin-svgo" "^5.4.0"
     rollup-pluginutils "^2.8.2"
 
-"@svgr/webpack@4.3.x", "@svgr/webpack@^4.0.3":
+"@svgr/webpack@5.4.x":
+  version "5.4.0"
+  resolved "https://registry.npmjs.org/@svgr/webpack/-/webpack-5.4.0.tgz#b68bc86e29cf007292b96ced65f80971175632e0"
+  integrity sha512-LjepnS/BSAvelnOnnzr6Gg0GcpLmnZ9ThGFK5WJtm1xOqdBE/1IACZU7MMdVzjyUkfFqGz87eRE4hFaSLiUwYg==
+  dependencies:
+    "@babel/core" "^7.9.0"
+    "@babel/plugin-transform-react-constant-elements" "^7.9.0"
+    "@babel/preset-env" "^7.9.5"
+    "@babel/preset-react" "^7.9.4"
+    "@svgr/core" "^5.4.0"
+    "@svgr/plugin-jsx" "^5.4.0"
+    "@svgr/plugin-svgo" "^5.4.0"
+    loader-utils "^2.0.0"
+
+"@svgr/webpack@^4.0.3":
   version "4.3.3"
   resolved "https://registry.npmjs.org/@svgr/webpack/-/webpack-4.3.3.tgz#13cc2423bf3dff2d494f16b17eb7eacb86895017"
   integrity sha512-bjnWolZ6KVsHhgyCoYRFmbd26p8XVbulCzSG53BDQqAr+JOAderYK7CuYrB3bDjHJuF6LJ7Wrr42+goLRV9qIg==