diff --git a/CHANGES b/CHANGES
index 03d46c0a293..5b4b7aa7412 100644
--- a/CHANGES
+++ b/CHANGES
@@ -17,6 +17,8 @@ Bugs fixed
 ----------
 
 * #8372: autodoc: autoclass directive became slower than Sphinx-3.2
+* #7727: autosummary: raise PycodeError when documenting python package
+  without __init__.py
 * #8364: C, properly initialize attributes in empty symbols.
 
 Testing
diff --git a/sphinx/ext/autosummary/__init__.py b/sphinx/ext/autosummary/__init__.py
index 739636d7e13..75f53e738e1 100644
--- a/sphinx/ext/autosummary/__init__.py
+++ b/sphinx/ext/autosummary/__init__.py
@@ -691,7 +691,7 @@ def import_ivar_by_name(name: str, prefixes: List[str] = [None]) -> Tuple[str, A
         analyzer = ModuleAnalyzer.for_module(modname)
         if (qualname, attr) in analyzer.find_attr_docs():
             return real_name + "." + attr, INSTANCEATTR, obj, modname
-    except (ImportError, ValueError):
+    except (ImportError, ValueError, PycodeError):
         pass
 
     raise ImportError