diff --git a/.changeset/witty-eels-itch.md b/.changeset/witty-eels-itch.md
new file mode 100644
index 0000000000..5a2da8b570
--- /dev/null
+++ b/.changeset/witty-eels-itch.md
@@ -0,0 +1,5 @@
+---
+'@backstage/cli': patch
+---
+
+Workspace ranges are no longer considered invalid by version commands.
diff --git a/packages/cli/src/lib/versioning/Lockfile.ts b/packages/cli/src/lib/versioning/Lockfile.ts
index ab6d98521f..ac2206cd83 100644
--- a/packages/cli/src/lib/versioning/Lockfile.ts
+++ b/packages/cli/src/lib/versioning/Lockfile.ts
@@ -178,7 +178,9 @@ export class Lockfile {
       }
 
       // Get rid of and signal any invalid ranges upfront
-      const invalid = allEntries.filter(e => !semver.validRange(e.range));
+      const invalid = allEntries.filter(
+        e => !semver.validRange(e.range) && !e.range.startsWith('workspace:'),
+      );
       result.invalidRanges.push(
         ...invalid.map(({ range }) => ({ name, range })),
       );