diff --git a/doc/whatsnew/fragments/7765.false_positive b/doc/whatsnew/fragments/7765.false_positive
new file mode 100644
index 0000000000..de7c44c5af
--- /dev/null
+++ b/doc/whatsnew/fragments/7765.false_positive
@@ -0,0 +1,3 @@
+Don't warn about ``stop-iteration-return`` when using ``next()`` over ``itertools.cycle``.
+
+Closes #7765
diff --git a/pylint/checkers/refactoring/refactoring_checker.py b/pylint/checkers/refactoring/refactoring_checker.py
index 2d4d632c4d..ca23a5c663 100644
--- a/pylint/checkers/refactoring/refactoring_checker.py
+++ b/pylint/checkers/refactoring/refactoring_checker.py
@@ -35,7 +35,7 @@
     nodes.TryExcept, nodes.TryFinally, nodes.While, nodes.For, nodes.If
 ]
 
-KNOWN_INFINITE_ITERATORS = {"itertools.count"}
+KNOWN_INFINITE_ITERATORS = {"itertools.count", "itertools.cycle"}
 BUILTIN_EXIT_FUNCS = frozenset(("quit", "exit"))
 CALLS_THAT_COULD_BE_REPLACED_BY_WITH = frozenset(
     (
diff --git a/tests/functional/s/stop_iteration_inside_generator.py b/tests/functional/s/stop_iteration_inside_generator.py
index 945a952bd0..29db3d7aed 100644
--- a/tests/functional/s/stop_iteration_inside_generator.py
+++ b/tests/functional/s/stop_iteration_inside_generator.py
@@ -110,7 +110,7 @@ def gen_next_with_sentinel():
     yield next([], 42)  # No bad return
 
 
-from itertools import count
+from itertools import count, cycle
 
 # https://github.com/PyCQA/pylint/issues/2158
 def generator_using_next():
@@ -118,6 +118,12 @@ def generator_using_next():
     number = next(counter)
     yield number * 2
 
+# https://github.com/PyCQA/pylint/issues/7765
+def infinite_iterator_itertools_cycle():
+    counter = cycle('ABCD')
+    val = next(counter)
+    yield val
+
 
 # pylint: disable=too-few-public-methods
 class SomeClassWithNext:
diff --git a/tests/functional/s/stop_iteration_inside_generator.txt b/tests/functional/s/stop_iteration_inside_generator.txt
index c351012b56..f20351c5da 100644
--- a/tests/functional/s/stop_iteration_inside_generator.txt
+++ b/tests/functional/s/stop_iteration_inside_generator.txt
@@ -4,4 +4,4 @@ stop-iteration-return:44:14:44:21:gen_next_raises_stopiter:Do not raise StopIter
 stop-iteration-return:66:18:66:25:gen_next_inside_wrong_try_except:Do not raise StopIteration in generator, use return statement instead:INFERENCE
 stop-iteration-return:80:12:80:31:gen_next_inside_wrong_try_except2:Do not raise StopIteration in generator, use return statement instead:INFERENCE
 stop-iteration-return:97:18:97:25:gen_dont_crash_on_no_exception:Do not raise StopIteration in generator, use return statement instead:INFERENCE
-stop-iteration-return:140:10:140:35:invalid_object_passed_to_next:Do not raise StopIteration in generator, use return statement instead:INFERENCE
+stop-iteration-return:146:10:146:35:invalid_object_passed_to_next:Do not raise StopIteration in generator, use return statement instead:INFERENCE