diff --git a/packages/react-component-library/package.json b/packages/react-component-library/package.json
index 31544436c1..454ae81e39 100644
--- a/packages/react-component-library/package.json
+++ b/packages/react-component-library/package.json
@@ -161,7 +161,7 @@
     "react-day-picker": "^7.4.8",
     "react-merge-refs": "^1.1.0",
     "react-popper": "^2.2.5",
-    "react-select": "^4.1.0",
+    "react-select": "^5.3.0",
     "react-string-replace": "^0.4.4",
     "react-toast-notifications": "^2.4.0",
     "react-transition-group": "^4.4.1",
diff --git a/yarn.lock b/yarn.lock
index 4f472160dc..69ce84b113 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -4937,7 +4937,7 @@
   dependencies:
     react-toast-notifications "*"
 
-"@types/react-transition-group@*", "@types/react-transition-group@^4.2.3":
+"@types/react-transition-group@*", "@types/react-transition-group@^4.2.3", "@types/react-transition-group@^4.4.0":
   version "4.4.4"
   resolved "https://registry.yarnpkg.com/@types/react-transition-group/-/react-transition-group-4.4.4.tgz#acd4cceaa2be6b757db61ed7b432e103242d163e"
   integrity sha512-7gAPz7anVK5xzbeQW9wFBDg7G++aPLAFY0QaSMOou9rJZpbuI58WAuJrgu+qR92l61grlnCUe7AFX8KGahAgug==
@@ -14898,7 +14898,7 @@ promzard@^0.3.0:
   dependencies:
     read "1"
 
-prop-types@^15.0.0, prop-types@^15.5.8, prop-types@^15.6.0, prop-types@^15.6.1, prop-types@^15.6.2, prop-types@^15.7.2, prop-types@^15.8.1:
+prop-types@^15.0.0, prop-types@^15.6.0, prop-types@^15.6.1, prop-types@^15.6.2, prop-types@^15.7.2, 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==
@@ -15227,13 +15227,6 @@ react-hot-loader@^4.12.19:
     shallowequal "^1.1.0"
     source-map "^0.7.3"
 
-react-input-autosize@^3.0.0:
-  version "3.0.0"
-  resolved "https://registry.yarnpkg.com/react-input-autosize/-/react-input-autosize-3.0.0.tgz#6b5898c790d4478d69420b55441fcc31d5c50a85"
-  integrity sha512-nL9uS7jEs/zu8sqwFE5MAPx6pPkNAriACQ2rGLlqmKr2sPGtN7TXTyDdQt4lbNXVx7Uzadb40x8qotIuru6Rhg==
-  dependencies:
-    prop-types "^15.5.8"
-
 react-inspector@^5.1.0:
   version "5.1.1"
   resolved "https://registry.yarnpkg.com/react-inspector/-/react-inspector-5.1.1.tgz#58476c78fde05d5055646ed8ec02030af42953c8"
@@ -15276,17 +15269,17 @@ react-refresh@^0.11.0:
   resolved "https://registry.yarnpkg.com/react-refresh/-/react-refresh-0.11.0.tgz#77198b944733f0f1f1a90e791de4541f9f074046"
   integrity sha512-F27qZr8uUqwhWZboondsPx8tnC3Ct3SxZA3V5WyEvujRyyNv0VYPhoBg1gZ8/MV5tubQp76Trw8lTv9hzRBa+A==
 
-react-select@^4.1.0:
-  version "4.3.1"
-  resolved "https://registry.yarnpkg.com/react-select/-/react-select-4.3.1.tgz#389fc07c9bc7cf7d3c377b7a05ea18cd7399cb81"
-  integrity sha512-HBBd0dYwkF5aZk1zP81Wx5UsLIIT2lSvAY2JiJo199LjoLHoivjn9//KsmvQMEFGNhe58xyuOITjfxKCcGc62Q==
+react-select@^5.3.0:
+  version "5.3.0"
+  resolved "https://registry.yarnpkg.com/react-select/-/react-select-5.3.0.tgz#dc77c1f95e1037ec4cb01c5e5d6272d80be8d3f6"
+  integrity sha512-GM6Fbv1+X+kb3e5Fc4oNeyOJkCIesY/D4NBiReKlGY4RxoeztFYm3J0KREgwMaIKQqwTiuLqTlpUBY3SYw5goQ==
   dependencies:
     "@babel/runtime" "^7.12.0"
     "@emotion/cache" "^11.4.0"
     "@emotion/react" "^11.1.1"
+    "@types/react-transition-group" "^4.4.0"
     memoize-one "^5.0.0"
     prop-types "^15.6.0"
-    react-input-autosize "^3.0.0"
     react-transition-group "^4.3.0"
 
 react-shallow-renderer@^16.13.1: