diff --git a/packages/core/core/src/BundleGraph.js b/packages/core/core/src/BundleGraph.js
index f1c3c9c277c..dcfc26eb1c3 100644
--- a/packages/core/core/src/BundleGraph.js
+++ b/packages/core/core/src/BundleGraph.js
@@ -215,6 +215,7 @@ export default class BundleGraph {
           node.usedSymbolsUp.size > 0 &&
           // Only perform rewriting if the dependency only points to a single asset (e.g. CSS modules)
           !hasAmbiguousSymbols &&
+          !node.usedSymbolsUp.has('*') &&
           // TODO We currently can't rename imports in async imports, e.g. from
           //      (parcelRequire("...")).then(({ a }) => a);
           // to