diff --git a/src/main/groovy/com/github/benmanes/gradle/versions/updates/Resolver.groovy b/src/main/groovy/com/github/benmanes/gradle/versions/updates/Resolver.groovy
index 9a005d23..9ed17da7 100644
--- a/src/main/groovy/com/github/benmanes/gradle/versions/updates/Resolver.groovy
+++ b/src/main/groovy/com/github/benmanes/gradle/versions/updates/Resolver.groovy
@@ -131,6 +131,12 @@ class Resolver {
       copy.setCanBeResolved(true)
     }
 
+    // https://github.com/ben-manes/gradle-versions-plugin/issues/592
+    // allow resolution of dynamic latest versions regardless of the original strategy
+    if(copy.resolutionStrategy.metaClass.hasProperty(copy.resolutionStrategy, "failOnDynamicVersions")) {
+      copy.resolutionStrategy.metaClass.setProperty(copy.resolutionStrategy, "failOnDynamicVersions", false)
+    }
+
     // Resolve using the latest version of explicitly declared dependencies and retains Kotlin's
     // inherited stdlib dependencies from the super configurations. This is required for variant
     // resolution, but the full set can break consumer capability matching.
diff --git a/src/test/groovy/com/github/benmanes/gradle/versions/DependencyUpdatesSpec.groovy b/src/test/groovy/com/github/benmanes/gradle/versions/DependencyUpdatesSpec.groovy
index 64c53951..0bc7d2cf 100644
--- a/src/test/groovy/com/github/benmanes/gradle/versions/DependencyUpdatesSpec.groovy
+++ b/src/test/groovy/com/github/benmanes/gradle/versions/DependencyUpdatesSpec.groovy
@@ -136,6 +136,30 @@ final class DependencyUpdatesSpec extends Specification {
     checkUndeclaredVersions(reporter)
   }
 
+  @Issue("https://github.com/ben-manes/gradle-versions-plugin/issues/592")
+  def 'Project configurations failOnDynamicVersions'() {
+    given:
+    def project = singleProject()
+    addRepositoryTo(project)
+    addDependenciesTo(project)
+    project.configurations.all {
+      resolutionStrategy {
+        failOnDynamicVersions()
+      }
+    }
+
+    when:
+    def reporter = evaluate(project)
+    reporter.write()
+
+    then:
+    checkUnresolvedVersions(reporter)
+    checkUpgradeVersions(reporter)
+    checkUpToDateVersions(reporter)
+    checkDowngradeVersions(reporter)
+    checkUndeclaredVersions(reporter)
+  }
+
   @Unroll
   def 'Single project (#revision, #outputFormat)'() {
     given: