diff --git a/packages/next-swc/Cargo.lock b/packages/next-swc/Cargo.lock
index c1b5fd0fa880..b61f60a8e49b 100644
--- a/packages/next-swc/Cargo.lock
+++ b/packages/next-swc/Cargo.lock
@@ -337,7 +337,7 @@ dependencies = [
 [[package]]
 name = "auto-hash-map"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "serde",
 ]
@@ -3235,7 +3235,7 @@ dependencies = [
 [[package]]
 name = "node-file-trace"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "clap 4.1.8",
@@ -5090,6 +5090,7 @@ dependencies = [
  "swc_ecma_transforms_base",
  "swc_ecma_transforms_module",
  "swc_ecma_transforms_optimization",
+ "swc_ecma_transforms_proposal",
  "swc_ecma_transforms_react",
  "swc_ecma_transforms_testing",
  "swc_ecma_transforms_typescript",
@@ -6540,7 +6541,7 @@ dependencies = [
 [[package]]
 name = "turbo-malloc"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "mimalloc",
 ]
@@ -6548,7 +6549,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "auto-hash-map",
@@ -6578,7 +6579,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-build"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "cargo-lock",
@@ -6590,7 +6591,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-env"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "dotenvy",
@@ -6604,7 +6605,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-fetch"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "indexmap",
@@ -6621,7 +6622,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-fs"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "auto-hash-map",
@@ -6650,7 +6651,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-hash"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "base16",
  "hex",
@@ -6662,7 +6663,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-macros"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "convert_case 0.6.0",
@@ -6676,7 +6677,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-macros-shared"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -6686,7 +6687,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-memory"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "auto-hash-map",
@@ -6708,7 +6709,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-testing"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "auto-hash-map",
@@ -6720,7 +6721,7 @@ dependencies = [
 [[package]]
 name = "turbopack"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "async-recursion",
@@ -6746,7 +6747,7 @@ dependencies = [
 [[package]]
 name = "turbopack-cli-utils"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "clap 4.1.8",
@@ -6762,7 +6763,7 @@ dependencies = [
 [[package]]
 name = "turbopack-core"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6789,7 +6790,7 @@ dependencies = [
 [[package]]
 name = "turbopack-create-test-app"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "clap 4.1.8",
@@ -6802,7 +6803,7 @@ dependencies = [
 [[package]]
 name = "turbopack-css"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6824,7 +6825,7 @@ dependencies = [
 [[package]]
 name = "turbopack-dev-server"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "async-compression",
@@ -6856,7 +6857,7 @@ dependencies = [
 [[package]]
 name = "turbopack-ecmascript"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -6891,7 +6892,7 @@ dependencies = [
 [[package]]
 name = "turbopack-env"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "serde",
@@ -6906,7 +6907,7 @@ dependencies = [
 [[package]]
 name = "turbopack-json"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "serde",
@@ -6921,7 +6922,7 @@ dependencies = [
 [[package]]
 name = "turbopack-mdx"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "mdxjs",
@@ -6936,7 +6937,7 @@ dependencies = [
 [[package]]
 name = "turbopack-node"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "futures",
@@ -6962,7 +6963,7 @@ dependencies = [
 [[package]]
 name = "turbopack-static"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "serde",
@@ -6978,7 +6979,7 @@ dependencies = [
 [[package]]
 name = "turbopack-swc-utils"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "swc_core",
  "turbo-tasks",
@@ -6989,7 +6990,7 @@ dependencies = [
 [[package]]
 name = "turbopack-test-utils"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230317.2#11cca6719665fbb17d6750d8c62bd95fe4f2998e"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-230321.1#4e461236222a57a22da484836bcf76a50b72890f"
 dependencies = [
  "anyhow",
  "once_cell",
diff --git a/packages/next-swc/Cargo.toml b/packages/next-swc/Cargo.toml
index 5c1214882069..63cc60356edb 100644
--- a/packages/next-swc/Cargo.toml
+++ b/packages/next-swc/Cargo.toml
@@ -46,36 +46,36 @@ swc_emotion = { version = "0.29.10" }
 testing = { version = "0.31.31" }
 
 # Turbo crates
-auto-hash-map = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-node-file-trace = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-swc-ast-explorer = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-malloc = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2", default-features = false }
-turbo-tasks = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-tasks-build = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-tasks-env = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-tasks-fetch = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2", default-features = false }
-turbo-tasks-fs = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-tasks-hash = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-tasks-macros = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-tasks-macros-shared = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-tasks-memory = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-tasks-testing = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbo-updater = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-cli-utils = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-core = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-create-test-app = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-css = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-dev-server = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-ecmascript = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-env = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-json = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-mdx = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-node = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-static = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-swc-utils = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-test-utils = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
-turbopack-tests = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230317.2" }
+auto-hash-map = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+node-file-trace = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+swc-ast-explorer = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-malloc = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1", default-features = false }
+turbo-tasks = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-tasks-build = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-tasks-env = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-tasks-fetch = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1", default-features = false }
+turbo-tasks-fs = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-tasks-hash = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-tasks-macros = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-tasks-macros-shared = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-tasks-memory = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-tasks-testing = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbo-updater = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-cli-utils = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-core = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-create-test-app = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-css = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-dev-server = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-ecmascript = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-env = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-json = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-mdx = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-node = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-static = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-swc-utils = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-test-utils = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
+turbopack-tests = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-230321.1" }
 
 # General Deps
 
diff --git a/packages/next-swc/crates/next-core/src/app_render/next_layout_entry_transition.rs b/packages/next-swc/crates/next-core/src/app_render/next_layout_entry_transition.rs
index 2590f5634ff3..0d999f191004 100644
--- a/packages/next-swc/crates/next-core/src/app_render/next_layout_entry_transition.rs
+++ b/packages/next-swc/crates/next-core/src/app_render/next_layout_entry_transition.rs
@@ -1,6 +1,6 @@
 use anyhow::Result;
 use indexmap::indexmap;
-use turbo_tasks::Value;
+use turbo_tasks::{primitives::OptionStringVc, Value};
 use turbo_tasks_fs::FileSystemPathVc;
 use turbopack::{
     self,
@@ -69,7 +69,11 @@ impl Transition for NextLayoutEntryTransition {
                 EcmascriptInputTransform::TypeScript {
                     use_define_for_class_fields: false,
                 },
-                EcmascriptInputTransform::React { refresh: false },
+                EcmascriptInputTransform::React {
+                    refresh: false,
+                    import_source: OptionStringVc::cell(None),
+                    runtime: OptionStringVc::cell(None),
+                },
             ]),
             context.compile_time_info(),
             InnerAssetsVc::cell(indexmap! {
diff --git a/packages/next-swc/crates/next-core/src/app_source.rs b/packages/next-swc/crates/next-core/src/app_source.rs
index b77a312a990d..6fb38b0e1aa8 100644
--- a/packages/next-swc/crates/next-core/src/app_source.rs
+++ b/packages/next-swc/crates/next-core/src/app_source.rs
@@ -6,7 +6,7 @@ use std::{
 
 use anyhow::{anyhow, Result};
 use indexmap::indexmap;
-use turbo_tasks::{TryJoinIterExt, Value, ValueToString};
+use turbo_tasks::{primitives::OptionStringVc, TryJoinIterExt, Value, ValueToString};
 use turbo_tasks_env::{CustomProcessEnvVc, EnvMapVc, ProcessEnvVc};
 use turbo_tasks_fs::{rope::RopeBuilder, File, FileContent, FileSystemPathVc};
 use turbopack::{
@@ -658,7 +658,11 @@ import BOOTSTRAP from {};
                 context,
                 Value::new(EcmascriptModuleAssetType::Typescript),
                 EcmascriptInputTransformsVc::cell(vec![
-                    EcmascriptInputTransform::React { refresh: false },
+                    EcmascriptInputTransform::React {
+                        refresh: false,
+                        import_source: OptionStringVc::cell(None),
+                        runtime: OptionStringVc::cell(None),
+                    },
                     EcmascriptInputTransform::TypeScript {
                         use_define_for_class_fields: false,
                     },
diff --git a/packages/next-swc/crates/next-core/src/next_client/context.rs b/packages/next-swc/crates/next-core/src/next_client/context.rs
index 9a7cac3860e4..2ed2fecca3b9 100644
--- a/packages/next-swc/crates/next-core/src/next_client/context.rs
+++ b/packages/next-swc/crates/next-core/src/next_client/context.rs
@@ -8,7 +8,7 @@ use turbo_tasks_fs::{FileSystem, FileSystemPathVc};
 use turbopack::{
     module_options::{
         module_options_context::{ModuleOptionsContext, ModuleOptionsContextVc},
-        PostCssTransformOptions, WebpackLoadersOptions,
+        JsxTransformOptions, PostCssTransformOptions, WebpackLoadersOptions,
     },
     resolve_options_context::{ResolveOptionsContext, ResolveOptionsContextVc},
     transition::TransitionsByNameVc,
@@ -156,7 +156,13 @@ pub async fn get_client_module_options_context(
         // We don't need to resolve React Refresh for each module. Instead,
         // we try resolve it once at the root and pass down a context to all
         // the modules.
-        enable_jsx: true,
+        enable_jsx: Some(
+            JsxTransformOptions {
+                import_source: None,
+                runtime: None,
+            }
+            .cell(),
+        ),
         enable_emotion: true,
         enable_react_refresh,
         enable_styled_components: true,
diff --git a/packages/next-swc/crates/next-core/src/next_client/transition.rs b/packages/next-swc/crates/next-core/src/next_client/transition.rs
index 8557b3f4105e..1e49c2d02ee4 100644
--- a/packages/next-swc/crates/next-core/src/next_client/transition.rs
+++ b/packages/next-swc/crates/next-core/src/next_client/transition.rs
@@ -1,6 +1,6 @@
 use anyhow::Result;
 use indexmap::indexmap;
-use turbo_tasks::Value;
+use turbo_tasks::{primitives::OptionStringVc, Value};
 use turbo_tasks_fs::FileSystemPathVc;
 use turbopack::{
     ecmascript::chunk_group_files_asset::ChunkGroupFilesAsset,
@@ -83,7 +83,11 @@ impl Transition for NextClientTransition {
                 EcmascriptInputTransform::TypeScript {
                     use_define_for_class_fields: false,
                 },
-                EcmascriptInputTransform::React { refresh: false },
+                EcmascriptInputTransform::React {
+                    refresh: false,
+                    import_source: OptionStringVc::cell(None),
+                    runtime: OptionStringVc::cell(None),
+                },
             ]),
             context.compile_time_info(),
             InnerAssetsVc::cell(indexmap! {
diff --git a/packages/next-swc/crates/next-core/src/next_client_component/server_to_client_transition.rs b/packages/next-swc/crates/next-core/src/next_client_component/server_to_client_transition.rs
index acc7bdc02356..078175ec016b 100644
--- a/packages/next-swc/crates/next-core/src/next_client_component/server_to_client_transition.rs
+++ b/packages/next-swc/crates/next-core/src/next_client_component/server_to_client_transition.rs
@@ -1,6 +1,6 @@
 use anyhow::Result;
 use indexmap::indexmap;
-use turbo_tasks::Value;
+use turbo_tasks::{primitives::OptionStringVc, Value};
 use turbopack::{
     transition::{Transition, TransitionVc},
     ModuleAssetContextVc,
@@ -57,7 +57,11 @@ impl Transition for NextServerToClientTransition {
                 EcmascriptInputTransform::TypeScript {
                     use_define_for_class_fields: false,
                 },
-                EcmascriptInputTransform::React { refresh: false },
+                EcmascriptInputTransform::React {
+                    refresh: false,
+                    import_source: OptionStringVc::cell(None),
+                    runtime: OptionStringVc::cell(None),
+                },
             ]),
             context.compile_time_info(),
             InnerAssetsVc::cell(indexmap! {
diff --git a/packages/next-swc/crates/next-core/src/next_server/context.rs b/packages/next-swc/crates/next-core/src/next_server/context.rs
index e8e8de3bdb6f..ab5e851129c8 100644
--- a/packages/next-swc/crates/next-core/src/next_server/context.rs
+++ b/packages/next-swc/crates/next-core/src/next_server/context.rs
@@ -4,8 +4,8 @@ use turbo_tasks_env::ProcessEnvVc;
 use turbo_tasks_fs::FileSystemPathVc;
 use turbopack::{
     module_options::{
-        ModuleOptionsContext, ModuleOptionsContextVc, PostCssTransformOptions,
-        WebpackLoadersOptions,
+        JsxTransformOptions, JsxTransformOptionsVc, ModuleOptionsContext, ModuleOptionsContextVc,
+        PostCssTransformOptions, WebpackLoadersOptions,
     },
     resolve_options_context::{ResolveOptionsContext, ResolveOptionsContextVc},
 };
@@ -238,7 +238,7 @@ pub async fn get_server_module_options_context(
                 ..Default::default()
             };
             ModuleOptionsContext {
-                enable_jsx: true,
+                enable_jsx: Some(get_jsx_transform_options()),
                 enable_styled_jsx: true,
                 enable_postcss_transform,
                 enable_webpack_loaders,
@@ -257,7 +257,7 @@ pub async fn get_server_module_options_context(
                 ..Default::default()
             };
             ModuleOptionsContext {
-                enable_jsx: true,
+                enable_jsx: Some(get_jsx_transform_options()),
                 enable_styled_jsx: true,
                 enable_postcss_transform,
                 enable_webpack_loaders,
@@ -279,7 +279,7 @@ pub async fn get_server_module_options_context(
                 ..Default::default()
             };
             ModuleOptionsContext {
-                enable_jsx: true,
+                enable_jsx: Some(get_jsx_transform_options()),
                 enable_postcss_transform,
                 enable_webpack_loaders,
                 enable_typescript_transform: Some(tsconfig),
@@ -314,7 +314,7 @@ pub async fn get_server_module_options_context(
                 ..Default::default()
             };
             ModuleOptionsContext {
-                enable_jsx: true,
+                enable_jsx: Some(get_jsx_transform_options()),
                 enable_styled_jsx: true,
                 enable_postcss_transform,
                 enable_webpack_loaders,
@@ -333,6 +333,15 @@ pub async fn get_server_module_options_context(
     Ok(module_options_context)
 }
 
+#[turbo_tasks::function]
+pub fn get_jsx_transform_options() -> JsxTransformOptionsVc {
+    JsxTransformOptions {
+        import_source: None,
+        runtime: None,
+    }
+    .cell()
+}
+
 #[turbo_tasks::function]
 pub fn get_build_module_options_context() -> ModuleOptionsContextVc {
     ModuleOptionsContext {
diff --git a/packages/next-swc/crates/next-core/src/page_source.rs b/packages/next-swc/crates/next-core/src/page_source.rs
index fa6c2c7259de..a83682aacdc1 100644
--- a/packages/next-swc/crates/next-core/src/page_source.rs
+++ b/packages/next-swc/crates/next-core/src/page_source.rs
@@ -2,7 +2,7 @@ use anyhow::Result;
 use indexmap::indexmap;
 use serde::{Deserialize, Serialize};
 use turbo_tasks::{
-    primitives::{StringVc, StringsVc},
+    primitives::{OptionStringVc, StringVc, StringsVc},
     trace::TraceRawVcs,
     Value,
 };
@@ -721,7 +721,11 @@ impl SsrEntryVc {
                     EcmascriptInputTransform::TypeScript {
                         use_define_for_class_fields: false,
                     },
-                    EcmascriptInputTransform::React { refresh: false },
+                    EcmascriptInputTransform::React {
+                        refresh: false,
+                        import_source: OptionStringVc::cell(None),
+                        runtime: OptionStringVc::cell(None),
+                    },
                 ]),
                 this.context.compile_time_info(),
                 InnerAssetsVc::cell(inner_assets),