diff --git a/packages/angular/cli/src/package-managers/package-manager.ts b/packages/angular/cli/src/package-managers/package-manager.ts
index 8e68279a5c20..c7f2aa279c85 100644
--- a/packages/angular/cli/src/package-managers/package-manager.ts
+++ b/packages/angular/cli/src/package-managers/package-manager.ts
@@ -14,7 +14,7 @@
 
 import { join, relative, resolve } from 'node:path';
 import npa from 'npm-package-arg';
-import { maxSatisfying, valid } from 'semver';
+import { maxSatisfying, satisfies, valid, validRange } from 'semver';
 import { PackageManagerError } from './error';
 import { Host } from './host';
 import { Logger } from './logger';
@@ -564,6 +564,15 @@ export class PackageManager {
       { ...options, cache: this.#manifestCache, cacheKey },
     );
 
+    // Modern yarn returns the latest version instead of an error when the requested one does not exist.
+    if (
+      manifest &&
+      validRange(version) &&
+      !satisfies(manifest.version, version, { includePrerelease: true })
+    ) {
+      return null;
+    }
+
     // If the provided version was not a specific version, also cache the specific fetched version
     if (manifest && manifest.version !== version) {
       const manifestSpecifier = `${manifest.name}@${manifest.version}`;
diff --git a/packages/angular/cli/src/package-managers/package-manager_spec.ts b/packages/angular/cli/src/package-managers/package-manager_spec.ts
index e6b8f95c0c4c..f215661032a0 100644
--- a/packages/angular/cli/src/package-managers/package-manager_spec.ts
+++ b/packages/angular/cli/src/package-managers/package-manager_spec.ts
@@ -22,6 +22,21 @@ describe('PackageManager', () => {
   });
 
   describe('getRegistryManifest', () => {
+    it('should return null when the fetched manifest does not match the requested version', async () => {
+      // Modern yarn falls back to the latest version when the requested version does not exist.
+      const pm = new PackageManager(host, '/tmp', SUPPORTED_PACKAGE_MANAGERS['yarn']);
+      runCommandSpy.and.resolveTo({
+        stdout: JSON.stringify({ name: 'foo', version: '2.0.0' }),
+        stderr: '',
+      });
+
+      expect(await pm.getRegistryManifest('foo', '99.99.99')).toBeNull();
+      expect(await pm.getRegistryManifest('foo', '^99.0.0')).toBeNull();
+      expect(await pm.getRegistryManifest('foo', '^2.0.0')).toEqual(
+        jasmine.objectContaining({ version: '2.0.0' }),
+      );
+    });
+
     it('should quote complex range specifiers when required by the host', async () => {
       // Simulate a quoting host
       Object.assign(host, { requiresQuoting: true });