diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0a168db7b486d..f49707b296f1b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -225,6 +225,9 @@ The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/).
 - Disabled batch_size extraction for torchmetric instances because they accumulate the metrics internally ([#10815](https://github.com/PyTorchLightning/pytorch-lightning/pull/10815))
 
 
+- Fixed importing `torch_xla.debug` for `torch-xla<1.8` ([#10836](https://github.com/PyTorchLightning/pytorch-lightning/pull/10836))
+
+
 - Fixed an issue to return the results for each dataloader separately instead of duplicating them for each ([#10810](https://github.com/PyTorchLightning/pytorch-lightning/pull/10810))
 
 
diff --git a/pytorch_lightning/profiler/xla.py b/pytorch_lightning/profiler/xla.py
index e30f06f84e952..c89685bcad0be 100644
--- a/pytorch_lightning/profiler/xla.py
+++ b/pytorch_lightning/profiler/xla.py
@@ -42,9 +42,10 @@
 from typing import Dict
 
 from pytorch_lightning.profiler.base import BaseProfiler
-from pytorch_lightning.utilities import _TPU_AVAILABLE
+from pytorch_lightning.utilities import _TORCH_GREATER_EQUAL_1_8, _TPU_AVAILABLE
+from pytorch_lightning.utilities.exceptions import MisconfigurationException
 
-if _TPU_AVAILABLE:
+if _TPU_AVAILABLE and _TORCH_GREATER_EQUAL_1_8:
     import torch_xla.debug.profiler as xp
 
 log = logging.getLogger(__name__)
@@ -65,6 +66,10 @@ class XLAProfiler(BaseProfiler):
     def __init__(self, port: int = 9012) -> None:
         """This Profiler will help you debug and optimize training workload performance for your models using Cloud
         TPU performance tools."""
+        if not _TPU_AVAILABLE:
+            raise MisconfigurationException("`XLAProfiler` is only supported on TPUs")
+        if not _TORCH_GREATER_EQUAL_1_8:
+            raise MisconfigurationException("`XLAProfiler` is only supported with `torch-xla >= 1.8`")
         super().__init__(dirpath=None, filename=None)
         self.port = port
         self._recording_map: Dict = {}
diff --git a/tests/profiler/test_xla_profiler.py b/tests/profiler/test_xla_profiler.py
index 2afbf69a6d0b0..7f460ea11d322 100644
--- a/tests/profiler/test_xla_profiler.py
+++ b/tests/profiler/test_xla_profiler.py
@@ -18,14 +18,16 @@
 
 from pytorch_lightning import Trainer
 from pytorch_lightning.profiler import XLAProfiler
-from pytorch_lightning.utilities import _TPU_AVAILABLE
+from pytorch_lightning.utilities import _TORCH_GREATER_EQUAL_1_8, _TPU_AVAILABLE
 from tests.helpers import BoringModel
 from tests.helpers.runif import RunIf
 
 if _TPU_AVAILABLE:
-    import torch_xla.debug.profiler as xp
     import torch_xla.utils.utils as xu
 
+    if _TORCH_GREATER_EQUAL_1_8:
+        import torch_xla.debug.profiler as xp
+
 
 @RunIf(tpu=True)
 def test_xla_profiler_instance(tmpdir):