diff --git a/packages/next-swc/Cargo.lock b/packages/next-swc/Cargo.lock
index 0a5665ab992b6e8..a5832148201130a 100644
--- a/packages/next-swc/Cargo.lock
+++ b/packages/next-swc/Cargo.lock
@@ -108,6 +108,17 @@ dependencies = [
  "syn",
 ]
 
+[[package]]
+name = "async-recursion"
+version = "1.0.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "2cda8f4bcc10624c4e85bc66b3f452cca98cfa5ca002dc83a16aad2367641bea"
+dependencies = [
+ "proc-macro2",
+ "quote",
+ "syn",
+]
+
 [[package]]
 name = "async-trait"
 version = "0.1.58"
@@ -2212,7 +2223,7 @@ checksum = "e4a24736216ec316047a1fc4252e27dabb04218aa4a3f37c6e7ddbf1f9782b54"
 [[package]]
 name = "next-core"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "futures",
@@ -2241,7 +2252,7 @@ dependencies = [
 [[package]]
 name = "next-dev"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "clap",
@@ -2321,7 +2332,7 @@ dependencies = [
 [[package]]
 name = "node-file-trace"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "owo-colors",
@@ -5300,7 +5311,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "any_key",
  "anyhow",
@@ -5313,6 +5324,7 @@ dependencies = [
  "mopa",
  "nohash-hasher",
  "once_cell",
+ "pin-project-lite",
  "regex",
  "serde",
  "serde_json",
@@ -5328,7 +5340,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-build"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "cargo-lock",
@@ -5344,7 +5356,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-env"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "dotenvy",
@@ -5360,7 +5372,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-fs"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "bitflags",
@@ -5382,7 +5394,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-hash"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "base16",
  "hex",
@@ -5394,7 +5406,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-macros"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "convert_case",
@@ -5409,7 +5421,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-macros-shared"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "proc-macro-error",
  "proc-macro2",
@@ -5420,16 +5432,18 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-memory"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "concurrent-queue",
+ "dashmap",
  "event-listener",
  "flurry",
  "lazy_static",
  "nohash-hasher",
  "num_cpus",
  "parking_lot",
+ "rustc-hash",
  "tokio",
  "turbo-tasks",
  "turbo-tasks-build",
@@ -5439,7 +5453,7 @@ dependencies = [
 [[package]]
 name = "turbopack"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "lazy_static",
@@ -5467,7 +5481,7 @@ dependencies = [
 [[package]]
 name = "turbopack-cli-utils"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "clap",
@@ -5487,9 +5501,10 @@ dependencies = [
 [[package]]
 name = "turbopack-core"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
+ "async-recursion",
  "async-trait",
  "browserslist-rs",
  "futures",
@@ -5515,7 +5530,7 @@ dependencies = [
 [[package]]
 name = "turbopack-css"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5536,7 +5551,7 @@ dependencies = [
 [[package]]
 name = "turbopack-dev-server"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "event-listener",
@@ -5568,7 +5583,7 @@ dependencies = [
 [[package]]
 name = "turbopack-ecmascript"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5578,6 +5593,7 @@ dependencies = [
  "lazy_static",
  "num-bigint",
  "once_cell",
+ "pin-project-lite",
  "rand",
  "regex",
  "serde",
@@ -5601,7 +5617,7 @@ dependencies = [
 [[package]]
 name = "turbopack-env"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "dotenvy",
@@ -5618,7 +5634,7 @@ dependencies = [
 [[package]]
 name = "turbopack-json"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "serde",
@@ -5633,7 +5649,7 @@ dependencies = [
 [[package]]
 name = "turbopack-static"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -5651,7 +5667,7 @@ dependencies = [
 [[package]]
 name = "turbopack-swc-utils"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?rev=59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1#59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1"
+source = "git+https://github.com/vercel/turbo.git?rev=7023733ac66209f03a40f15b33d276d92bbbb242#7023733ac66209f03a40f15b33d276d92bbbb242"
 dependencies = [
  "anyhow",
  "async-trait",
diff --git a/packages/next-swc/crates/napi/Cargo.toml b/packages/next-swc/crates/napi/Cargo.toml
index 88c7196ba2702f8..d20b44179fec8eb 100644
--- a/packages/next-swc/crates/napi/Cargo.toml
+++ b/packages/next-swc/crates/napi/Cargo.toml
@@ -56,12 +56,12 @@ tracing-futures = "0.2.5"
 tracing-subscriber = "0.3.9"
 tracing-chrome = "0.5.0"
 owo-colors = "3"
-turbo-tasks = { git = "https://github.com/vercel/turbo.git", rev = "59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1" }
-turbo-tasks-memory = { git = "https://github.com/vercel/turbo.git", rev = "59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1" }
-turbopack-core = { git = "https://github.com/vercel/turbo.git", rev = "59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1" }
-turbopack-dev-server = { git = "https://github.com/vercel/turbo.git", rev = "59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1" }
-next-dev = { git = "https://github.com/vercel/turbo.git", rev = "59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1" }
-node-file-trace = { git = "https://github.com/vercel/turbo.git", rev = "59bd3b6a9bc062c922d6f80f7d9fd3da15b9ede1", default-features = false, features = ["node-api"] }
+turbo-tasks = { git = "https://github.com/vercel/turbo.git", rev = "7023733ac66209f03a40f15b33d276d92bbbb242" }
+turbo-tasks-memory = { git = "https://github.com/vercel/turbo.git", rev = "7023733ac66209f03a40f15b33d276d92bbbb242" }
+turbopack-core = { git = "https://github.com/vercel/turbo.git", rev = "7023733ac66209f03a40f15b33d276d92bbbb242" }
+turbopack-dev-server = { git = "https://github.com/vercel/turbo.git", rev = "7023733ac66209f03a40f15b33d276d92bbbb242" }
+next-dev = { git = "https://github.com/vercel/turbo.git", rev = "7023733ac66209f03a40f15b33d276d92bbbb242" }
+node-file-trace = { git = "https://github.com/vercel/turbo.git", rev = "7023733ac66209f03a40f15b33d276d92bbbb242", default-features = false, features = ["node-api"] }
 # There are few build targets we can't use native-tls which default features rely on,
 # allow to specify alternative (rustls) instead via features.
 # Note to opt in rustls default-features should be disabled