diff --git a/source/normalize-arguments.ts b/source/normalize-arguments.ts
index bd8aec31d..73e078f36 100644
--- a/source/normalize-arguments.ts
+++ b/source/normalize-arguments.ts
@@ -73,13 +73,9 @@ export const preNormalizeArguments = (options: Options, defaults?: NormalizedOpt
 	}
 
 	if (is.number(options.timeout)) {
-		options.gotTimeout = {request: options.timeout};
-	} else if (is.object(options.timeout)) {
-		options.gotTimeout = options.timeout;
+		options.timeout = {request: options.timeout};
 	}
 
-	delete options.timeout;
-
 	const {retry} = options;
 	options.retry = {
 		calculateDelay: retryObject => retryObject.computedValue,
diff --git a/source/request-as-event-emitter.ts b/source/request-as-event-emitter.ts
index 4c938da55..c13c8d8dc 100644
--- a/source/request-as-event-emitter.ts
+++ b/source/request-as-event-emitter.ts
@@ -99,6 +99,8 @@ export default (options: NormalizedOptions, input?: TransformStream) => {
 
 		let timings: Timings;
 		const handleResponse = async (response: http.ServerResponse | ResponseObject): Promise<void> => {
+			options.timeout = timeout;
+
 			try {
 				/* istanbul ignore next: fixes https://github.com/electron/electron/blob/cbb460d47628a7a146adf4419ed48550a98b2923/lib/browser/api/net.js#L59-L65 */
 				if (options.useElectronNet) {
@@ -194,6 +196,7 @@ export default (options: NormalizedOptions, input?: TransformStream) => {
 			}
 
 			currentRequest = request;
+			options.timeout = timeout;
 
 			const onError = (error: Error): void => {
 				const isTimedOutError = error instanceof TimedOutTimeoutError;
@@ -235,8 +238,8 @@ export default (options: NormalizedOptions, input?: TransformStream) => {
 
 			uploadProgress(request, emitter, uploadBodySize);
 
-			if (options.gotTimeout) {
-				timedOut(request, options.gotTimeout, options);
+			if (options.timeout) {
+				timedOut(request, options.timeout, options);
 			}
 
 			emitter.emit('request', request);
@@ -269,9 +272,12 @@ export default (options: NormalizedOptions, input?: TransformStream) => {
 			}
 		};
 
+		const {timeout} = options;
+		delete options.timeout;
+
 		if (options.cache) {
 			const cacheableRequest = new CacheableRequest(requestFn, options.cache);
-			const cacheRequest = cacheableRequest(options as https.RequestOptions, handleResponse);
+			const cacheRequest = cacheableRequest(options as unknown as https.RequestOptions, handleResponse);
 
 			cacheRequest.once('error', error => {
 				if (error instanceof CacheableRequest.RequestError) {
@@ -286,7 +292,7 @@ export default (options: NormalizedOptions, input?: TransformStream) => {
 			// Catches errors thrown by calling requestFn(...)
 			try {
 				// @ts-ignore TS complains that URLSearchParams is not the same as URLSearchParams
-				handleRequest(requestFn(options as any as URL, handleResponse));
+				handleRequest(requestFn(options as unknown as URL, handleResponse));
 			} catch (error) {
 				emitError(new RequestError(error, options));
 			}
diff --git a/source/utils/types.ts b/source/utils/types.ts
index 927660127..505e3f8dc 100644
--- a/source/utils/types.ts
+++ b/source/utils/types.ts
@@ -164,9 +164,9 @@ export interface Options extends Except<https.RequestOptions, 'agent' | 'timeout
 	maxRedirects?: number;
 }
 
-export interface NormalizedOptions extends Except<Required<Options>, 'timeout' | 'dnsCache' | 'retry' | 'auth' | 'body' | 'port'> {
+export interface NormalizedOptions extends Except<Required<Options>, 'dnsCache' | 'retry' | 'auth' | 'body' | 'port'> {
 	hooks: Hooks;
-	gotTimeout: Required<Delays>;
+	timeout: Required<Delays>;
 	retry: NormalizedRetryOptions;
 	lookup?: CacheableLookup['lookup'];
 	readonly prefixUrl: string;
diff --git a/test/hooks.ts b/test/hooks.ts
index 83a523184..eebdab62b 100644
--- a/test/hooks.ts
+++ b/test/hooks.ts
@@ -538,3 +538,19 @@ test('catches HTTPErrors', withServer, async (t, _server, got) => {
 		}
 	}));
 });
+
+test('timeout can be modified using a hook', withServer, async (t, server, got) => {
+	server.get('/', () => {});
+
+	await t.throwsAsync(got({
+		timeout: 1000,
+		hooks: {
+			init: [
+				options => {
+					options.timeout.request = 500;
+				}
+			]
+		},
+		retry: 0
+	}), 'Timeout awaiting \'request\' for 500ms');
+});