diff --git a/react-native/react-native-flipper/package.json b/react-native/react-native-flipper/package.json
index af6556b11..e3587ab54 100644
--- a/react-native/react-native-flipper/package.json
+++ b/react-native/react-native-flipper/package.json
@@ -24,11 +24,11 @@
   "licenseFilename": "LICENSE",
   "readmeFilename": "README.md",
   "peerDependencies": {
-    "react": "^16.8.1",
-    "react-native": "^0.62.0"
+    "react": "^16.8.0 || ^17.0.0",
+    "react-native": ">0.62.0"
   },
   "devDependencies": {
-    "react": "^16.13.1",
+    "react": "^17.0.1",
     "react-native": "^0.63.3"
   },
   "resolutions": {
diff --git a/react-native/react-native-flipper/yarn.lock b/react-native/react-native-flipper/yarn.lock
index d14ee83fc..a413fa3da 100644
--- a/react-native/react-native-flipper/yarn.lock
+++ b/react-native/react-native-flipper/yarn.lock
@@ -3510,7 +3510,7 @@ promise@^8.0.3:
   dependencies:
     asap "~2.0.6"
 
-prop-types@^15.6.2, prop-types@^15.7.2:
+prop-types@^15.7.2:
   version "15.7.2"
   resolved "https://registry.yarnpkg.com/prop-types/-/prop-types-15.7.2.tgz#52c41e75b8c87e72b9d9360e0206b99dcbffa6c5"
   integrity sha512-8QQikdH7//R2vurIJSutZ1smHYTcLpRWEOlHnzcWHmBYrOGUysKwSsrC89BCiFj3CbrfJ/nXFdJepOVrY1GCHQ==
@@ -3593,14 +3593,13 @@ react-refresh@^0.4.0:
   resolved "https://registry.yarnpkg.com/react-refresh/-/react-refresh-0.4.3.tgz#966f1750c191672e76e16c2efa569150cc73ab53"
   integrity sha512-Hwln1VNuGl/6bVwnd0Xdn1e84gT/8T9aYNL+HAKDArLCS7LWjwr7StE30IEYbIkx0Vi3vs+coQxe+SQDbGbbpA==
 
-react@^16.13.1:
-  version "16.13.1"
-  resolved "https://registry.yarnpkg.com/react/-/react-16.13.1.tgz#2e818822f1a9743122c063d6410d85c1e3afe48e"
-  integrity sha512-YMZQQq32xHLX0bz5Mnibv1/LHb3Sqzngu7xstSM+vrkE5Kzr9xE0yMByK5kMoTK30YVJE61WfbxIFFvfeDKT1w==
+react@^17.0.1:
+  version "17.0.1"
+  resolved "https://registry.yarnpkg.com/react/-/react-17.0.1.tgz#6e0600416bd57574e3f86d92edba3d9008726127"
+  integrity sha512-lG9c9UuMHdcAexXtigOZLX8exLWkW0Ku29qPRU8uhF2R9BN96dLCt0psvzPLlHc5OWkgymP3qwTRgbnw5BKx3w==
   dependencies:
     loose-envify "^1.1.0"
     object-assign "^4.1.1"
-    prop-types "^15.6.2"
 
 readable-stream@^2.0.1, readable-stream@^2.2.2, readable-stream@~2.3.6:
   version "2.3.6"