diff --git a/changelog.d/12400.misc b/changelog.d/12400.misc
new file mode 100644
index 000000000000..8a60f328764d
--- /dev/null
+++ b/changelog.d/12400.misc
@@ -0,0 +1 @@
+Make missing `importlib_metadata` dependency explicit.
\ No newline at end of file
diff --git a/synapse/python_dependencies.py b/synapse/python_dependencies.py
index cd68aa362e83..8bd91d5f727e 100644
--- a/synapse/python_dependencies.py
+++ b/synapse/python_dependencies.py
@@ -91,7 +91,7 @@
     "packaging>=16.1",
     # At the time of writing, we only use functions from the version `importlib.metadata`
     # which shipped in Python 3.8. This corresponds to version 1.4 of the backport.
-    "importlib_metadata>=1.4",
+    "importlib_metadata>=1.4 ; python_version < '3.8'",
 ]
 
 CONDITIONAL_REQUIREMENTS = {