diff --git a/web3.js/package.json b/web3.js/package.json
index 452016a3b3cc0f..816912270fe1db 100644
--- a/web3.js/package.json
+++ b/web3.js/package.json
@@ -105,7 +105,7 @@
     "@typescript-eslint/parser": "^3.10.1",
     "acorn": "^8.0.1",
     "babel-eslint": "10.1.0",
-    "babel-plugin-module-resolver": "4.0.0",
+    "babel-plugin-module-resolver": "5.0.0",
     "codecov": "^3.0.4",
     "cross-env": "7.0.2",
     "elfy": "^1.0.0",