diff --git a/packages/core/core/src/Dependency.js b/packages/core/core/src/Dependency.js
index fc44842482c..85f6fad0778 100644
--- a/packages/core/core/src/Dependency.js
+++ b/packages/core/core/src/Dependency.js
@@ -6,6 +6,7 @@ import type {
   SourceLocation,
   Symbol,
   BundleBehavior as IBundleBehavior,
+  SemverRange,
 } from '@parcel/types';
 import type {Dependency, Environment, Target} from './types';
 import {hashString} from '@parcel/hash';
@@ -29,6 +30,7 @@ type DependencyOpts = {|
   env: Environment,
   meta?: Meta,
   resolveFrom?: FilePath,
+  range?: SemverRange,
   target?: Target,
   symbols?: Map<
     Symbol,
@@ -69,6 +71,7 @@ export function createDependency(
     isEntry: opts.isEntry ?? false,
     isOptional: opts.isOptional ?? false,
     meta: opts.meta || {},
+    range: opts.range,
     symbols:
       opts.symbols &&
       new Map(
diff --git a/packages/core/core/src/public/Dependency.js b/packages/core/core/src/public/Dependency.js
index 950bb54249a..bf22a85f5a2 100644
--- a/packages/core/core/src/public/Dependency.js
+++ b/packages/core/core/src/public/Dependency.js
@@ -135,6 +135,10 @@ export default class Dependency implements IDependency {
     );
   }
 
+  get range(): ?string {
+    return this.#dep.range;
+  }
+
   get pipeline(): ?string {
     return this.#dep.pipeline;
   }
diff --git a/packages/core/core/src/types.js b/packages/core/core/src/types.js
index 82fa1b3a01d..3acd4df21eb 100644
--- a/packages/core/core/src/types.js
+++ b/packages/core/core/src/types.js
@@ -131,6 +131,7 @@ export type Dependency = {|
   sourcePath: ?ProjectPath,
   sourceAssetType?: ?string,
   resolveFrom: ?ProjectPath,
+  range: ?SemverRange,
   symbols: ?Map<
     Symbol,
     {|
diff --git a/packages/core/integration-tests/test/integration/swc-helpers-library/package.json b/packages/core/integration-tests/test/integration/swc-helpers-library/package.json
index 86755921e24..43da441e86e 100644
--- a/packages/core/integration-tests/test/integration/swc-helpers-library/package.json
+++ b/packages/core/integration-tests/test/integration/swc-helpers-library/package.json
@@ -3,6 +3,6 @@
   "module": "dist/module.js",
   "browserslist": "IE >= 11",
   "dependencies": {
-    "@swc/helpers": "*"
+    "@swc/helpers": "^0.4.2"
   }
 }
diff --git a/packages/core/integration-tests/test/javascript.js b/packages/core/integration-tests/test/javascript.js
index 4561a8e03ef..dfdbf601696 100644
--- a/packages/core/integration-tests/test/javascript.js
+++ b/packages/core/integration-tests/test/javascript.js
@@ -5639,6 +5639,96 @@ describe('javascript', function () {
     );
   });
 
+  it('should error on mismatched helpers version for libraries', async function () {
+    let fixture = path.join(
+      __dirname,
+      'integration/undeclared-external/helpers.js',
+    );
+    let pkg = path.join(
+      __dirname,
+      'integration/undeclared-external/package.json',
+    );
+    let pkgContents = JSON.stringify(
+      {
+        ...JSON.parse(await overlayFS.readFile(pkg, 'utf8')),
+        dependencies: {
+          '@swc/helpers': '^0.3.0',
+        },
+      },
+      false,
+      2,
+    );
+    await overlayFS.mkdirp(path.dirname(pkg));
+    await overlayFS.writeFile(pkg, pkgContents);
+    await assert.rejects(
+      () =>
+        bundle(fixture, {
+          mode: 'production',
+          inputFS: overlayFS,
+          defaultTargetOptions: {
+            shouldOptimize: false,
+          },
+        }),
+      {
+        name: 'BuildError',
+        diagnostics: [
+          {
+            message: md`Failed to resolve '${'@swc/helpers/lib/_class_call_check.js'}' from '${normalizePath(
+              require.resolve('@parcel/transformer-js/src/JSTransformer.js'),
+            )}'`,
+            origin: '@parcel/core',
+            codeFrames: [
+              {
+                code: await inputFS.readFile(fixture, 'utf8'),
+                filePath: fixture,
+                codeHighlights: [
+                  {
+                    start: {
+                      line: 1,
+                      column: 1,
+                    },
+                    end: {
+                      line: 1,
+                      column: 1,
+                    },
+                  },
+                ],
+              },
+            ],
+          },
+          {
+            message:
+              'External dependency "@swc/helpers" does not satisfy required semver range "^0.4.2".',
+            origin: '@parcel/resolver-default',
+            codeFrames: [
+              {
+                code: pkgContents,
+                filePath: pkg,
+                language: 'json',
+                codeHighlights: [
+                  {
+                    message: 'Found this conflicting requirement.',
+                    start: {
+                      line: 6,
+                      column: 21,
+                    },
+                    end: {
+                      line: 6,
+                      column: 28,
+                    },
+                  },
+                ],
+              },
+            ],
+            hints: [
+              'Update the dependency on "@swc/helpers" to satisfy "^0.4.2".',
+            ],
+          },
+        ],
+      },
+    );
+  });
+
   describe('multiple import types', function () {
     it('supports both static and dynamic imports to the same specifier in the same file', async function () {
       let b = await bundle(
diff --git a/packages/core/types/index.js b/packages/core/types/index.js
index 2c1ca94685e..29aa68ee9fd 100644
--- a/packages/core/types/index.js
+++ b/packages/core/types/index.js
@@ -525,6 +525,8 @@ export type DependencyOptions = {|
    * By default, this is the path of the source file where the dependency was specified.
    */
   +resolveFrom?: FilePath,
+  /** The semver version range expected for the dependency. */
+  +range?: SemverRange,
   /** The symbols within the resolved module that the source file depends on. */
   +symbols?: $ReadOnlyMap<
     Symbol,
@@ -601,6 +603,8 @@ export interface Dependency {
    * By default, this is the path of the source file where the dependency was specified.
    */
   +resolveFrom: ?FilePath;
+  /** The semver version range expected for the dependency. */
+  +range: ?SemverRange;
   /** The pipeline defined in .parcelrc that the dependency should be processed with. */
   +pipeline: ?string;
 
diff --git a/packages/resolvers/default/src/DefaultResolver.js b/packages/resolvers/default/src/DefaultResolver.js
index 419cf59ad8f..835c881d4d1 100644
--- a/packages/resolvers/default/src/DefaultResolver.js
+++ b/packages/resolvers/default/src/DefaultResolver.js
@@ -34,6 +34,7 @@ export default (new Resolver({
     return resolver.resolve({
       filename: specifier,
       specifierType: dependency.specifierType,
+      range: dependency.range,
       parent: dependency.resolveFrom,
       env: dependency.env,
       sourcePath: dependency.sourcePath,
diff --git a/packages/resolvers/glob/src/GlobResolver.js b/packages/resolvers/glob/src/GlobResolver.js
index 2539a9becc6..e5b2d556087 100644
--- a/packages/resolvers/glob/src/GlobResolver.js
+++ b/packages/resolvers/glob/src/GlobResolver.js
@@ -99,6 +99,7 @@ export default (new Resolver({
         invalidateOnFileChange,
         specifierType: dependency.specifierType,
         loc: dependency.loc,
+        range: dependency.range,
       };
 
       let result;
diff --git a/packages/transformers/js/src/JSTransformer.js b/packages/transformers/js/src/JSTransformer.js
index a538480a775..8223ff49525 100644
--- a/packages/transformers/js/src/JSTransformer.js
+++ b/packages/transformers/js/src/JSTransformer.js
@@ -12,6 +12,7 @@ import nullthrows from 'nullthrows';
 import ThrowableDiagnostic, {encodeJSONKeyComponent} from '@parcel/diagnostic';
 import {validateSchema, remapSourceLocation, isGlobMatch} from '@parcel/utils';
 import WorkerFarm from '@parcel/workers';
+import pkg from '../package.json';
 
 const JSX_EXTENSIONS = {
   jsx: true,
@@ -689,6 +690,17 @@ export default (new Transformer({
           };
         }
 
+        // Add required version range for helpers.
+        let range;
+        if (isHelper) {
+          let idx = dep.specifier.indexOf('/');
+          if (dep.specifier[0] === '@') {
+            idx = dep.specifier.indexOf('/', idx + 1);
+          }
+          let module = idx >= 0 ? dep.specifier.slice(0, idx) : dep.specifier;
+          range = pkg.dependencies[module];
+        }
+
         asset.addDependency({
           specifier: dep.specifier,
           specifierType: dep.kind === 'Require' ? 'commonjs' : 'esm',
@@ -697,6 +709,7 @@ export default (new Transformer({
           isOptional: dep.is_optional,
           meta,
           resolveFrom: isHelper ? __filename : undefined,
+          range,
           env,
         });
       }
diff --git a/packages/utils/node-resolver-core/package.json b/packages/utils/node-resolver-core/package.json
index d29055ae3e6..36f5eac7a0f 100644
--- a/packages/utils/node-resolver-core/package.json
+++ b/packages/utils/node-resolver-core/package.json
@@ -21,7 +21,8 @@
   "dependencies": {
     "@parcel/diagnostic": "2.6.0",
     "@parcel/utils": "2.6.0",
-    "nullthrows": "^1.1.1"
+    "nullthrows": "^1.1.1",
+    "semver": "^5.7.1"
   },
   "devDependencies": {
     "assert": "^2.0.0",
diff --git a/packages/utils/node-resolver-core/src/NodeResolver.js b/packages/utils/node-resolver-core/src/NodeResolver.js
index 66d216e794a..7f8ddef69d8 100644
--- a/packages/utils/node-resolver-core/src/NodeResolver.js
+++ b/packages/utils/node-resolver-core/src/NodeResolver.js
@@ -8,6 +8,7 @@ import type {
   SpecifierType,
   PluginLogger,
   SourceLocation,
+  SemverRange,
 } from '@parcel/types';
 import type {FileSystem} from '@parcel/fs';
 import type {PackageManager} from '@parcel/package-manager';
@@ -27,11 +28,13 @@ import {
 import ThrowableDiagnostic, {
   generateJSONCodeHighlights,
   md,
+  encodeJSONKeyComponent,
 } from '@parcel/diagnostic';
 import builtins, {empty} from './builtins';
 import nullthrows from 'nullthrows';
 import _Module from 'module';
 import {fileURLToPath} from 'url';
+import semver from 'semver';
 
 const EMPTY_SHIM = require.resolve('./_empty');
 
@@ -68,6 +71,7 @@ type ResolverContext = {|
   invalidateOnFileCreate: Array<FileCreateInvalidation>,
   invalidateOnFileChange: Set<FilePath>,
   specifierType: SpecifierType,
+  range: ?SemverRange,
   loc: ?SourceLocation,
 |};
 
@@ -111,6 +115,7 @@ export default class NodeResolver {
     filename,
     parent,
     specifierType,
+    range,
     env,
     sourcePath,
     loc,
@@ -118,6 +123,7 @@ export default class NodeResolver {
     filename: FilePath,
     parent: ?FilePath,
     specifierType: SpecifierType,
+    range?: ?SemverRange,
     env: Environment,
     sourcePath?: ?FilePath,
     loc?: ?SourceLocation,
@@ -126,6 +132,7 @@ export default class NodeResolver {
       invalidateOnFileCreate: [],
       invalidateOnFileChange: new Set(),
       specifierType,
+      range,
       loc,
     };
 
@@ -485,6 +492,40 @@ export default class NodeResolver {
         },
       });
     }
+
+    if (ctx.range) {
+      let range = ctx.range;
+      let depRange =
+        pkg.dependencies?.[moduleName] || pkg.peerDependencies?.[moduleName];
+      if (depRange && !semver.intersects(depRange, range)) {
+        let pkgContent = await this.fs.readFile(pkg.pkgfile, 'utf8');
+        let field = pkg.dependencies?.[moduleName]
+          ? 'dependencies'
+          : 'peerDependencies';
+        throw new ThrowableDiagnostic({
+          diagnostic: {
+            message: md`External dependency "${moduleName}" does not satisfy required semver range "${range}".`,
+            codeFrames: [
+              {
+                filePath: pkg.pkgfile,
+                language: 'json',
+                code: pkgContent,
+                codeHighlights: generateJSONCodeHighlights(pkgContent, [
+                  {
+                    key: `/${field}/${encodeJSONKeyComponent(moduleName)}`,
+                    type: 'value',
+                    message: 'Found this conflicting requirement.',
+                  },
+                ]),
+              },
+            ],
+            hints: [
+              `Update the dependency on "${moduleName}" to satisfy "${range}".`,
+            ],
+          },
+        });
+      }
+    }
   }
 
   async resolveFilename(
diff --git a/packages/utils/node-resolver-core/test/fixture/package.json b/packages/utils/node-resolver-core/test/fixture/package.json
index 0e4d70aacbf..c8c96b71fcc 100755
--- a/packages/utils/node-resolver-core/test/fixture/package.json
+++ b/packages/utils/node-resolver-core/test/fixture/package.json
@@ -11,7 +11,7 @@
     "glob/*/*": "./nested/$2"
   },
   "dependencies": {
-    "foo": "*"
+    "foo": "^0.3.4"
   },
   "peerDependencies": {
     "bar": "*"
diff --git a/packages/utils/node-resolver-core/test/resolver.js b/packages/utils/node-resolver-core/test/resolver.js
index 3b7e3e3fff8..e28f9bf5f7f 100644
--- a/packages/utils/node-resolver-core/test/resolver.js
+++ b/packages/utils/node-resolver-core/test/resolver.js
@@ -2679,6 +2679,29 @@ describe('resolver', function () {
 
       assert.deepEqual(result, {isExcluded: true});
     });
+
+    it('should error when a library has an incorrect external dependency version', async function () {
+      let result = await resolver.resolve({
+        env: new Environment(
+          createEnvironment({
+            context: 'browser',
+            isLibrary: true,
+            includeNodeModules: false,
+          }),
+          DEFAULT_OPTIONS,
+        ),
+        filename: 'foo',
+        specifierType: 'esm',
+        range: '^0.4.0',
+        parent: path.join(rootDir, 'foo.js'),
+        sourcePath: path.join(rootDir, 'foo.js'),
+      });
+
+      assert.equal(
+        result?.diagnostics?.[0].message,
+        'External dependency "foo" does not satisfy required semver range "^0.4.0".',
+      );
+    });
   });
 
   describe('urls', function () {