diff --git a/CHANGELOG.md b/CHANGELOG.md
index 38c8f164d90..a64abe50308 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,7 @@
  * `ERC20FlashMint`: support infinite allowance when paying back a flash loan. ([#3226](https://github.com/OpenZeppelin/openzeppelin-contracts/pull/3226))
  * `Governor`: Add a way to parameterize votes. This can be used to implement voting systems such as fractionalized voting, ERC721 based voting, or any number of other systems. The `params` argument added to `_countVote` method, and included in the newly added `_getVotes` method, can be used by counting and voting modules respectively for such purposes.
  * `TimelockController`: Add a separate canceller role for the ability to cancel. ([#3165](https://github.com/OpenZeppelin/openzeppelin-contracts/pull/3165))
+ * `draft-ERC20Permit`: replace `immutable` with `constant` for `_PERMIT_TYPEHASH` since the `keccak256` of string literals is treated specially and the hash is evaluated at compile time. ([#3196](https://github.com/OpenZeppelin/openzeppelin-contracts/pull/3196))
 
 ### Breaking changes
 
diff --git a/contracts/token/ERC20/extensions/draft-ERC20Permit.sol b/contracts/token/ERC20/extensions/draft-ERC20Permit.sol
index cf72fc086ee..55172f6e36c 100644
--- a/contracts/token/ERC20/extensions/draft-ERC20Permit.sol
+++ b/contracts/token/ERC20/extensions/draft-ERC20Permit.sol
@@ -25,8 +25,16 @@ abstract contract ERC20Permit is ERC20, IERC20Permit, EIP712 {
     mapping(address => Counters.Counter) private _nonces;
 
     // solhint-disable-next-line var-name-mixedcase
-    bytes32 private immutable _PERMIT_TYPEHASH =
+    bytes32 private constant _PERMIT_TYPEHASH =
         keccak256("Permit(address owner,address spender,uint256 value,uint256 nonce,uint256 deadline)");
+    /**
+     * @dev In previous versions `_PERMIT_TYPEHASH` was declared as `immutable`.
+     * However, to ensure consistency with the upgradeable transpiler, we will continue
+     * to reserve a slot.
+     * @custom:oz-renamed-from _PERMIT_TYPEHASH
+     */
+    // solhint-disable-next-line var-name-mixedcase
+    bytes32 private _PERMIT_TYPEHASH_DEPRECATED_SLOT;
 
     /**
      * @dev Initializes the {EIP712} domain separator using the `name` parameter, and setting `version` to `"1"`.