diff --git a/packages/next/shared/lib/dynamic.tsx b/packages/next/shared/lib/dynamic.tsx
index 76ac1f12e4f586a..c46d12302cc0873 100644
--- a/packages/next/shared/lib/dynamic.tsx
+++ b/packages/next/shared/lib/dynamic.tsx
@@ -34,7 +34,7 @@ export type LoadableBaseOptions<P = {}> = LoadableGeneratedOptions & {
     | React.LazyExoticComponent<React.ComponentType<P>>
   loadableGenerated?: LoadableGeneratedOptions
   ssr?: boolean
-  suspense?: boolean
+  unstable_suspense?: boolean
 }
 
 export type LoadableOptions<P = {}> = LoadableBaseOptions<P>
@@ -115,25 +115,25 @@ export default function dynamic<P = {}>(
   if (!process.env.__NEXT_REACT_ROOT) {
     if (
       process.env.NODE_ENV !== 'production' &&
-      loadableOptions.suspense &&
+      loadableOptions.unstable_suspense &&
       !isServerSide
     ) {
       console.warn(
         `Enable experimental.reactRoot or use React version above 18 to use suspense option`
       )
     }
-    loadableOptions.suspense = false
+    loadableOptions.unstable_suspense = false
   }
 
-  const { suspense, loader } = loadableOptions
-  // If suspense is enabled, delegate rendering to suspense
-  if (suspense) {
+  const { unstable_suspense, loader } = loadableOptions
+  // If unstable_suspense is enabled, delegate rendering to unstable_suspense
+  if (unstable_suspense) {
     delete loadableOptions.loadableGenerated
     delete loadableOptions.loading
     delete loadableOptions.ssr
   }
 
-  if (typeof loadableOptions.loader === 'function' && suspense) {
+  if (typeof loadableOptions.loader === 'function' && unstable_suspense) {
     loadableOptions.loader = React.lazy(
       loader as () => Promise<{
         default: React.ComponentType<P>
@@ -150,7 +150,7 @@ export default function dynamic<P = {}>(
   }
 
   // support for disabling server side rendering, eg: dynamic(import('../hello-world'), {ssr: false})
-  if (loadableOptions.ssr === false && !suspense) {
+  if (loadableOptions.ssr === false && !unstable_suspense) {
     return noSSR(loadableFn, loadableOptions)
   }
 
diff --git a/packages/next/shared/lib/loadable.js b/packages/next/shared/lib/loadable.js
index b1382f80b3b6628..103f04dc40c550d 100644
--- a/packages/next/shared/lib/loadable.js
+++ b/packages/next/shared/lib/loadable.js
@@ -66,11 +66,14 @@ function createLoadableComponent(loadFn, options) {
       timeout: null,
       webpack: null,
       modules: null,
-      suspense: false,
+      unstable_suspense: false,
     },
     options
   )
 
+  opts.suspense = opts.unstable_suspense
+  delete opts.unstable_suspense
+
   let subscription = null
   function init() {
     if (opts.suspense) {