diff --git a/CHANGELOG.md b/CHANGELOG.md
index d0cb726bfac4..e83454031851 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -32,6 +32,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Cleanup duplicate properties ([#5830](https://github.com/tailwindlabs/tailwindcss/pull/5830))
 - Allow `_` inside `url()` when using arbitrary values ([#5853](https://github.com/tailwindlabs/tailwindcss/pull/5853))
 - Prevent crashes when using comments in `@layer` AtRules ([#5854](https://github.com/tailwindlabs/tailwindcss/pull/5854))
+- Handle color transformations properly with `theme(...)` for all relevant plugins ([#4533](https://github.com/tailwindlabs/tailwindcss/pull/4533), [#5871](https://github.com/tailwindlabs/tailwindcss/pull/5871))
 
 ## [3.0.0-alpha.1] - 2021-10-01
 
diff --git a/src/util/transformThemeValue.js b/src/util/transformThemeValue.js
index dbd7a3e2e80b..e6a8b8735317 100644
--- a/src/util/transformThemeValue.js
+++ b/src/util/transformThemeValue.js
@@ -2,7 +2,12 @@ import postcss from 'postcss'
 
 export default function transformThemeValue(themeSection) {
   if (['fontSize', 'outline'].includes(themeSection)) {
-    return (value) => (Array.isArray(value) ? value[0] : value)
+    return (value) => {
+      if (typeof value === 'function') value = value({})
+      if (Array.isArray(value)) value = value[0]
+
+      return value
+    }
   }
 
   if (
@@ -20,18 +25,28 @@ export default function transformThemeValue(themeSection) {
       'animation',
     ].includes(themeSection)
   ) {
-    return (value) => (Array.isArray(value) ? value.join(', ') : value)
+    return (value) => {
+      if (typeof value === 'function') value = value({})
+      if (Array.isArray(value)) value = value.join(', ')
+
+      return value
+    }
   }
 
   // For backwards compatibility reasons, before we switched to underscores
   // instead of commas for arbitrary values.
   if (['gridTemplateColumns', 'gridTemplateRows', 'objectPosition'].includes(themeSection)) {
-    return (value) => (typeof value === 'string' ? postcss.list.comma(value).join(' ') : value)
-  }
+    return (value) => {
+      if (typeof value === 'function') value = value({})
+      if (typeof value === 'string') value = postcss.list.comma(value).join(' ')
 
-  if (themeSection === 'colors') {
-    return (value) => (typeof value === 'function' ? value({}) : value)
+      return value
+    }
   }
 
-  return (value) => value
+  return (value) => {
+    if (typeof value === 'function') value = value({})
+
+    return value
+  }
 }
diff --git a/tests/evaluateTailwindFunctions.test.js b/tests/evaluateTailwindFunctions.test.js
index 416ceaac8481..b2c69a0a144b 100644
--- a/tests/evaluateTailwindFunctions.test.js
+++ b/tests/evaluateTailwindFunctions.test.js
@@ -26,6 +26,60 @@ test('it looks up values in the theme using dot notation', () => {
   })
 })
 
+test('color can be a function', () => {
+  const input = `
+    .backgroundColor { color: theme('backgroundColor.fn') }
+    .borderColor { color: theme('borderColor.fn') }
+    .caretColor { color: theme('caretColor.fn') }
+    .colors { color: theme('colors.fn') }
+    .divideColor { color: theme('divideColor.fn') }
+    .fill { color: theme('fill.fn') }
+    .gradientColorStops { color: theme('gradientColorStops.fn') }
+    .placeholderColor { color: theme('placeholderColor.fn') }
+    .ringColor { color: theme('ringColor.fn') }
+    .ringOffsetColor { color: theme('ringOffsetColor.fn') }
+    .stroke { color: theme('stroke.fn') }
+    .textColor { color: theme('textColor.fn') }
+  `
+
+  const output = `
+    .backgroundColor { color: #f00 }
+    .borderColor { color: #f00 }
+    .caretColor { color: #f00 }
+    .colors { color: #f00 }
+    .divideColor { color: #f00 }
+    .fill { color: #f00 }
+    .gradientColorStops { color: #f00 }
+    .placeholderColor { color: #f00 }
+    .ringColor { color: #f00 }
+    .ringOffsetColor { color: #f00 }
+    .stroke { color: #f00 }
+    .textColor { color: #f00 }
+  `
+
+  const fn = () => `#f00`
+
+  return run(input, {
+    theme: {
+      backgroundColor: { fn },
+      borderColor: { fn },
+      caretColor: { fn },
+      colors: { fn },
+      divideColor: { fn },
+      fill: { fn },
+      gradientColorStops: { fn },
+      placeholderColor: { fn },
+      ringColor: { fn },
+      ringOffsetColor: { fn },
+      stroke: { fn },
+      textColor: { fn },
+    },
+  }).then((result) => {
+    expect(result.css).toEqual(output)
+    expect(result.warnings().length).toBe(0)
+  })
+})
+
 test('quotes are optional around the lookup path', () => {
   const input = `
     .banana { color: theme(colors.yellow); }