diff --git a/CHANGELOG.md b/CHANGELOG.md
index fdeb5b584..128fa057f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,8 +1,12 @@
 # Changelog
 
+## v9.2.8
+
+* [Bug fix: support webpack 5 in ts-loader](https://github.com/TypeStrong/ts-loader/pull/1439) [#1438] - thanks @einatbar
+
 ## v9.2.7
 
-* [cater for change in resolveTypeReferenceDirective API in TypeScript 4.7](https://github.com/TypeStrong/ts-loader/pull/1422)  [#1421] - thanks @johnny_reilly and @cspotcode for inspiration in ts-node work here: https://github.com/TypeStrong/ts-node/pull/1648
+* [cater for change in resolveTypeReferenceDirective API in TypeScript 4.7](https://github.com/TypeStrong/ts-loader/pull/1422) [#1421] - thanks @johnny_reilly and @cspotcode for inspiration in ts-node work here: https://github.com/TypeStrong/ts-node/pull/1648
 
 ## v9.2.6
 
diff --git a/package.json b/package.json
index 2e13d4e78..29f01fc3b 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "ts-loader",
-  "version": "9.2.7",
+  "version": "9.2.8",
   "description": "TypeScript loader for webpack",
   "main": "index.js",
   "types": "dist",
diff --git a/src/watch-run.ts b/src/watch-run.ts
index 34acaed57..1b5498d07 100644
--- a/src/watch-run.ts
+++ b/src/watch-run.ts
@@ -30,34 +30,35 @@ export function makeWatchRun(
       instance.reportTranspileErrors = true;
     } else {
       const times = compiler.fileTimestamps;
+      if (times) {
+          for (const [filePath, date] of times) {
+            const key = instance.filePathKeyMapper(filePath);
+            const lastTime = lastTimes.get(key) || startTime;
 
-      for (const [filePath, date] of times) {
-        const key = instance.filePathKeyMapper(filePath);
-        const lastTime = lastTimes.get(key) || startTime;
+            if (
+              !date ||
+              date === 'ignore' ||
+              (date.timestamp || date.safeTime) <= lastTime
+            ) {
+              continue;
+            }
 
-        if (
-          !date ||
-          date === 'ignore' ||
-          (date.timestamp || date.safeTime) <= lastTime
-        ) {
-          continue;
-        }
-
-        lastTimes.set(key, date.timestamp || date.safeTime);
-        promises.push(updateFile(instance, key, filePath, loader, loaderIndex));
-      }
+            lastTimes.set(key, date.timestamp || date.safeTime);
+            promises.push(updateFile(instance, key, filePath, loader, loaderIndex));
+          }
 
-      // On watch update add all known dts files expect the ones in node_modules
-      // (skip @types/* and modules with typings)
-      for (const [key, { fileName }] of instance.files.entries()) {
-        if (
-          fileName.match(constants.dtsDtsxOrDtsDtsxMapRegex) !== null &&
-          fileName.match(constants.nodeModules) === null
-        ) {
-          promises.push(
-            updateFile(instance, key, fileName, loader, loaderIndex)
-          );
-        }
+          // On watch update add all known dts files expect the ones in node_modules
+          // (skip @types/* and modules with typings)
+          for (const [key, { fileName }] of instance.files.entries()) {
+            if (
+              fileName.match(constants.dtsDtsxOrDtsDtsxMapRegex) !== null &&
+              fileName.match(constants.nodeModules) === null
+            ) {
+              promises.push(
+                updateFile(instance, key, fileName, loader, loaderIndex)
+              );
+            }
+         }
       }
     }