diff --git a/packages/react-native/package.json b/packages/react-native/package.json
index 8ff324c917a0fd..cb39d9be39dc7c 100644
--- a/packages/react-native/package.json
+++ b/packages/react-native/package.json
@@ -107,7 +107,7 @@
     "anser": "^1.4.9",
     "ansi-regex": "^5.0.0",
     "base64-js": "^1.5.1",
-    "deprecated-react-native-prop-types": "4.2.1",
+    "deprecated-react-native-prop-types": "^5.0.0",
     "event-target-shim": "^5.0.1",
     "flow-enums-runtime": "^0.0.6",
     "invariant": "^2.2.4",
diff --git a/yarn.lock b/yarn.lock
index 525c1c06069d96..0f32986c3a4fa9 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2536,6 +2536,11 @@
     prompts "^2.4.2"
     semver "^7.5.2"
 
+"@react-native/normalize-colors@^0.73.0":
+  version "0.73.2"
+  resolved "https://registry.yarnpkg.com/@react-native/normalize-colors/-/normalize-colors-0.73.2.tgz#cc8e48fbae2bbfff53e12f209369e8d2e4cf34ec"
+  integrity sha512-bRBcb2T+I88aG74LMVHaKms2p/T8aQd8+BZ7LuuzXlRfog1bMWWn/C5i0HVuvW4RPtXQYgIlGiXVDy9Ir1So/w==
+
 "@rnx-kit/rn-changelog-generator@^0.4.0":
   version "0.4.0"
   resolved "https://registry.yarnpkg.com/@rnx-kit/rn-changelog-generator/-/rn-changelog-generator-0.4.0.tgz#637d87bcf8de6e87599930ed88d9375010277660"
@@ -4315,14 +4320,14 @@ depd@2.0.0:
   resolved "https://registry.yarnpkg.com/depd/-/depd-2.0.0.tgz#b696163cc757560d09cf22cc8fad1571b79e76df"
   integrity sha512-g7nH6P6dyDioJogAAGprGpCtVImJhpPk/roCzdb3fIh61/s/nPsfR6onyMwkCAR/OlC3yBC0lESvUoQEAssIrw==
 
-deprecated-react-native-prop-types@4.2.1:
-  version "4.2.1"
-  resolved "https://registry.yarnpkg.com/deprecated-react-native-prop-types/-/deprecated-react-native-prop-types-4.2.1.tgz#8cc990ff5319fec8306e7e8f30389a92978a7231"
-  integrity sha512-ef9AXisRrRhxuxd7d+noOEeGTtxIPVkfOQWf9WZUWuOqI+gs7P7hKTi49Rgb/dfvkmFULhwxO2UqAkH4nJsMfw==
+deprecated-react-native-prop-types@^5.0.0:
+  version "5.0.0"
+  resolved "https://registry.yarnpkg.com/deprecated-react-native-prop-types/-/deprecated-react-native-prop-types-5.0.0.tgz#02a12f090da7bd9e8c3ac53c31cf786a1315d302"
+  integrity sha512-cIK8KYiiGVOFsKdPMmm1L3tA/Gl+JopXL6F5+C7x39MyPsQYnP57Im/D6bNUzcborD7fcMwiwZqcBdBXXZucYQ==
   dependencies:
-    "@react-native/normalize-colors" "*"
-    invariant "*"
-    prop-types "*"
+    "@react-native/normalize-colors" "^0.73.0"
+    invariant "^2.2.4"
+    prop-types "^15.8.1"
 
 deprecation@^2.0.0, deprecation@^2.3.1:
   version "2.3.1"
@@ -5788,7 +5793,7 @@ interpret@^1.0.0:
   resolved "https://registry.yarnpkg.com/interpret/-/interpret-1.1.0.tgz#7ed1b1410c6a0e0f78cf95d3b8440c63f78b8614"
   integrity sha1-ftGxQQxqDg94z5XTuEQMY/eLhhQ=
 
-invariant@*, invariant@^2.2.4:
+invariant@^2.2.4:
   version "2.2.4"
   resolved "https://registry.yarnpkg.com/invariant/-/invariant-2.2.4.tgz#610f3c92c9359ce1db616e538008d23ff35158e6"
   integrity sha512-phJfQVBuaJM5raOpJjSfkiD6BpbCE4Ns//LaXl6wGYtUBY83nWS6Rf9tXm2e8VaK60JEjYldbPif/A2B1C2gNA==
@@ -7959,7 +7964,7 @@ prompts@^2.0.1, prompts@^2.4.2:
     kleur "^3.0.3"
     sisteransi "^1.0.5"
 
-prop-types@*, prop-types@^15.8.1:
+prop-types@^15.8.1:
   version "15.8.1"
   resolved "https://registry.yarnpkg.com/prop-types/-/prop-types-15.8.1.tgz#67d87bf1a694f48435cf332c24af10214a3140b5"
   integrity sha512-oj87CgZICdulUohogVAR7AjlC0327U4el4L6eAvOqCeudMDVU0NThNaV+b9Df4dXgSP1gXMTnPdhfe/2qDH5cg==