diff --git a/.changeset/tame-bees-shop.md b/.changeset/tame-bees-shop.md
new file mode 100644
index 0000000000..854b343379
--- /dev/null
+++ b/.changeset/tame-bees-shop.md
@@ -0,0 +1,5 @@
+---
+"@pnpm/resolve-dependencies": patch
+---
+
+Update replace-string to v3.1.0.
diff --git a/packages/resolve-dependencies/package.json b/packages/resolve-dependencies/package.json
index d5fe8d21b6..d53947bb0f 100644
--- a/packages/resolve-dependencies/package.json
+++ b/packages/resolve-dependencies/package.json
@@ -41,7 +41,7 @@
     "dependency-path": "workspace:4.0.6",
     "path-exists": "4.0.0",
     "ramda": "0.27.0",
-    "replace-string": "3.0.0",
+    "replace-string": "^3.1.0",
     "semver": "^7.3.2"
   },
   "devDependencies": {
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index 91359e347e..950a8d17be 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -2396,7 +2396,7 @@ importers:
       dependency-path: 'link:../dependency-path'
       path-exists: 4.0.0
       ramda: 0.27.0
-      replace-string: 3.0.0
+      replace-string: 3.1.0
       semver: 7.3.2
     devDependencies:
       '@pnpm/logger': 3.2.2
@@ -2422,7 +2422,7 @@ importers:
       dependency-path: 'workspace:4.0.6'
       path-exists: 4.0.0
       ramda: 0.27.0
-      replace-string: 3.0.0
+      replace-string: ^3.1.0
       semver: ^7.3.2
   packages/resolve-workspace-range:
     dependencies:
@@ -10594,12 +10594,12 @@ packages:
       node: '>= 0.10'
     resolution:
       integrity: sha512-yD5BHCe7quCgBph4rMQ+0KkIRKwWCrHDOX1p1Gp6HwjPM5kVoCdKGNhN7ydqqsX6lJEnQDKZ/tFMiEdQ1dvPEw==
-  /replace-string/3.0.0:
+  /replace-string/3.1.0:
     dev: false
     engines:
       node: '>=8'
     resolution:
-      integrity: sha512-jE5X/k3p2v8p6+wxhM1Ti0Oj9lYtwPbMj0ty8iSFpAFIihkiNpl6uHgYW1De/r9DG3vA7HGIgIBMjlwJZXL02w==
+      integrity: sha512-yPpxc4ZR2makceA9hy/jHNqc7QVkd4Je/N0WRHm6bs3PtivPuPynxE5ejU/mp5EhnCv8+uZL7vhz8rkluSlx+Q==
   /request-promise-core/1.1.3_request@2.88.2:
     dependencies:
       lodash: 4.17.15