diff --git a/packages/nx/src/plugins/js/project-graph/build-dependencies/target-project-locator.spec.ts b/packages/nx/src/plugins/js/project-graph/build-dependencies/target-project-locator.spec.ts
index fc15bf32b8490..99b4a01cb8972 100644
--- a/packages/nx/src/plugins/js/project-graph/build-dependencies/target-project-locator.spec.ts
+++ b/packages/nx/src/plugins/js/project-graph/build-dependencies/target-project-locator.spec.ts
@@ -479,7 +479,7 @@ describe('TargetProjectLocator', () => {
       expect(proj5).toEqual('proj5');
     });
 
-    it('should be able to resolve packages alises', () => {
+    it('should be able to resolve packages aliases', () => {
       const lodash = targetProjectLocator.findProjectFromImport(
         'lodash',
         'libs/proj/index.ts'
@@ -899,6 +899,85 @@ describe('TargetProjectLocator', () => {
       expect(result).toEqual('npm:@json2csv/plainjs');
     });
   });
+
+  describe('findNpmProjectFromImport', () => {
+    it('should resolve external node when the version does not match its own package.json (i.e. git remote) ', () => {
+      const projects = {
+        proj: {
+          name: 'proj',
+          type: 'lib' as const,
+          data: {
+            root: 'proj',
+          },
+        },
+      };
+      const npmProjects = {
+        'npm:foo': {
+          name: 'npm:foo' as const,
+          type: 'npm' as const,
+          data: {
+            version:
+              'git+ssh://git@github.com/example/foo.git#6f4b450fc642abba540535f0755c990b42a16026',
+            packageName: 'foo',
+          },
+        },
+      };
+
+      const targetProjectLocator = new TargetProjectLocator(
+        projects,
+        npmProjects,
+        new Map()
+      );
+      targetProjectLocator['readPackageJson'] = () => ({
+        name: 'foo',
+        version: '0.0.1',
+      });
+      const result = targetProjectLocator.findNpmProjectFromImport(
+        'lodash',
+        'proj/index.ts'
+      );
+
+      expect(result).toEqual('npm:foo');
+    });
+
+    it('should resolve a specific version of external node', () => {
+      const projects = {
+        proj: {
+          name: 'proj',
+          type: 'lib' as const,
+          data: {
+            root: 'proj',
+          },
+        },
+      };
+      const npmProjects = {
+        'npm:foo@0.0.1': {
+          name: 'npm:foo@0.0.1' as const,
+          type: 'npm' as const,
+          data: {
+            version: '0.0.1',
+            packageName: 'foo',
+          },
+        },
+      };
+
+      const targetProjectLocator = new TargetProjectLocator(
+        projects,
+        npmProjects,
+        new Map()
+      );
+      targetProjectLocator['readPackageJson'] = () => ({
+        name: 'foo',
+        version: '0.0.1',
+      });
+      const result = targetProjectLocator.findNpmProjectFromImport(
+        'lodash',
+        'proj/index.ts'
+      );
+
+      expect(result).toEqual('npm:foo@0.0.1');
+    });
+  });
 });
 
 describe('isBuiltinModuleImport()', () => {
diff --git a/packages/nx/src/plugins/js/project-graph/build-dependencies/target-project-locator.ts b/packages/nx/src/plugins/js/project-graph/build-dependencies/target-project-locator.ts
index 86b21bd19875b..af2890d22cdd8 100644
--- a/packages/nx/src/plugins/js/project-graph/build-dependencies/target-project-locator.ts
+++ b/packages/nx/src/plugins/js/project-graph/build-dependencies/target-project-locator.ts
@@ -18,6 +18,7 @@ import {
   resolveModuleByImport,
 } from '../../utils/typescript';
 import { getPackageNameFromImportPath } from '../../../../utils/get-package-name-from-import-path';
+
 /**
  * The key is a combination of the package name and the workspace relative directory
  * containing the file importing it e.g. `lodash__packages/my-lib`, the value is the
@@ -187,15 +188,24 @@ export class TargetProjectLocator {
       }
 
       const version = clean(externalPackageJson.version);
-      const npmProjectKey = `npm:${externalPackageJson.name}@${version}`;
-      let matchingExternalNode = this.npmProjects[npmProjectKey];
+      let matchingExternalNode =
+        this.npmProjects[`npm:${externalPackageJson.name}@${version}`];
+
       if (!matchingExternalNode) {
         // check if it's a package alias, where the resolved package key is used as the version
-        const aliasNpmProjectKey = `npm:${packageName}@${npmProjectKey}`;
+        const aliasNpmProjectKey = `npm:${packageName}@npm:${externalPackageJson.name}@${version}`;
         matchingExternalNode = this.npmProjects[aliasNpmProjectKey];
-        if (!matchingExternalNode) {
-          return null;
-        }
+      }
+
+      if (!matchingExternalNode) {
+        // Fallback to package name as key. This can happen if the version in project graph is not the same as in the resolved package.json.
+        // e.g. Version in project graph is a git remote, but the resolved version is semver.
+        matchingExternalNode =
+          this.npmProjects[`npm:${externalPackageJson.name}`];
+      }
+
+      if (!matchingExternalNode) {
+        return null;
       }
 
       this.npmResolutionCache.set(