diff --git a/code/builders/builder-webpack5/package.json b/code/builders/builder-webpack5/package.json
index 340ae06c38f9..1af2435ef428 100644
--- a/code/builders/builder-webpack5/package.json
+++ b/code/builders/builder-webpack5/package.json
@@ -55,23 +55,15 @@
     "prep": "../../../scripts/prepare/bundle.ts"
   },
   "dependencies": {
-    "@babel/core": "^7.22.9",
-    "@storybook/addons": "workspace:*",
+    "@babel/core": "^7.22.0",
     "@storybook/channels": "workspace:*",
-    "@storybook/client-api": "workspace:*",
     "@storybook/client-logger": "workspace:*",
-    "@storybook/components": "workspace:*",
     "@storybook/core-common": "workspace:*",
     "@storybook/core-events": "workspace:*",
     "@storybook/core-webpack": "workspace:*",
-    "@storybook/global": "^5.0.0",
-    "@storybook/manager-api": "workspace:*",
     "@storybook/node-logger": "workspace:*",
     "@storybook/preview": "workspace:*",
     "@storybook/preview-api": "workspace:*",
-    "@storybook/router": "workspace:*",
-    "@storybook/store": "workspace:*",
-    "@storybook/theming": "workspace:*",
     "@swc/core": "^1.3.49",
     "@types/node": "^16.0.0",
     "@types/semver": "^7.3.4",
@@ -109,10 +101,6 @@
     "slash": "^5.0.0",
     "typescript": "~4.9.3"
   },
-  "peerDependencies": {
-    "react": "^16.8.0 || ^17.0.0 || ^18.0.0",
-    "react-dom": "^16.8.0 || ^17.0.0 || ^18.0.0"
-  },
   "peerDependenciesMeta": {
     "typescript": {
       "optional": true
diff --git a/code/builders/builder-webpack5/src/preview/iframe-webpack.config.ts b/code/builders/builder-webpack5/src/preview/iframe-webpack.config.ts
index c99a1df1da81..704d8fe2b98b 100644
--- a/code/builders/builder-webpack5/src/preview/iframe-webpack.config.ts
+++ b/code/builders/builder-webpack5/src/preview/iframe-webpack.config.ts
@@ -36,19 +36,29 @@ const storybookPaths: Record<string, string> = {
     `@storybook/components`
   )}/dist/experimental`,
   ...[
-    // these packages are not pre-bundled because of react dependencies
+    // these packages are not pre-bundled because of react dependencies.
+    // these are not dependencies of the builder anymore, thus resolving them can fail.
+    // we should remove the aliases in 8.0, I'm not sure why they are here in the first place.
     'components',
     'global',
     'manager-api',
     'router',
     'theming',
-  ].reduce(
-    (acc, sbPackage) => ({
-      ...acc,
-      [`@storybook/${sbPackage}`]: getAbsolutePath(`@storybook/${sbPackage}`),
-    }),
-    {}
-  ),
+  ].reduce((acc, sbPackage) => {
+    let packagePath;
+    try {
+      packagePath = getAbsolutePath(`@storybook/${sbPackage}`);
+    } catch (e) {
+      // ignore
+    }
+    if (packagePath) {
+      return {
+        ...acc,
+        [`@storybook/${sbPackage}`]: getAbsolutePath(`@storybook/${sbPackage}`),
+      };
+    }
+    return acc;
+  }, {}),
   // deprecated, remove in 8.0
   [`@storybook/api`]: getAbsolutePath(`@storybook/manager-api`),
 };
diff --git a/code/yarn.lock b/code/yarn.lock
index 5f64bfba4852..a6ce5bb8a7bb 100644
--- a/code/yarn.lock
+++ b/code/yarn.lock
@@ -453,7 +453,7 @@ __metadata:
   languageName: node
   linkType: hard
 
-"@babel/core@npm:^7.11.6, @babel/core@npm:^7.12.0, @babel/core@npm:^7.12.3, @babel/core@npm:^7.13.16, @babel/core@npm:^7.19.6, @babel/core@npm:^7.20.12, @babel/core@npm:^7.22.1, @babel/core@npm:^7.22.9, @babel/core@npm:^7.3.4, @babel/core@npm:^7.7.5":
+"@babel/core@npm:^7.11.6, @babel/core@npm:^7.12.0, @babel/core@npm:^7.12.3, @babel/core@npm:^7.13.16, @babel/core@npm:^7.19.6, @babel/core@npm:^7.20.12, @babel/core@npm:^7.22.0, @babel/core@npm:^7.22.1, @babel/core@npm:^7.22.9, @babel/core@npm:^7.3.4, @babel/core@npm:^7.7.5":
   version: 7.22.9
   resolution: "@babel/core@npm:7.22.9"
   dependencies:
@@ -6344,23 +6344,15 @@ __metadata:
   version: 0.0.0-use.local
   resolution: "@storybook/builder-webpack5@workspace:builders/builder-webpack5"
   dependencies:
-    "@babel/core": ^7.22.9
-    "@storybook/addons": "workspace:*"
+    "@babel/core": ^7.22.0
     "@storybook/channels": "workspace:*"
-    "@storybook/client-api": "workspace:*"
     "@storybook/client-logger": "workspace:*"
-    "@storybook/components": "workspace:*"
     "@storybook/core-common": "workspace:*"
     "@storybook/core-events": "workspace:*"
     "@storybook/core-webpack": "workspace:*"
-    "@storybook/global": ^5.0.0
-    "@storybook/manager-api": "workspace:*"
     "@storybook/node-logger": "workspace:*"
     "@storybook/preview": "workspace:*"
     "@storybook/preview-api": "workspace:*"
-    "@storybook/router": "workspace:*"
-    "@storybook/store": "workspace:*"
-    "@storybook/theming": "workspace:*"
     "@swc/core": ^1.3.49
     "@types/node": ^16.0.0
     "@types/pretty-hrtime": ^1.0.0
@@ -6395,9 +6387,6 @@ __metadata:
     webpack-dev-middleware: ^6.1.1
     webpack-hot-middleware: ^2.25.1
     webpack-virtual-modules: ^0.5.0
-  peerDependencies:
-    react: ^16.8.0 || ^17.0.0 || ^18.0.0
-    react-dom: ^16.8.0 || ^17.0.0 || ^18.0.0
   peerDependenciesMeta:
     typescript:
       optional: true