diff --git a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/frontendApplication/build.gradle b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/frontendApplication/build.gradle
index a00daa0a36d..6b3025e5bf9 100644
--- a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/frontendApplication/build.gradle
+++ b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/frontendApplication/build.gradle
@@ -18,12 +18,12 @@ dependencies {
     testImplementation 'org.jetbrains.kotlin:kotlin-test-js'
     implementation 'org.jetbrains.kotlin:kotlin-stdlib-js'
     implementation 'org.jetbrains.kotlinx:kotlinx-html-js:0.7.1'
-    implementation 'org.jetbrains:kotlin-react:16.13.0-pre.93-kotlin-1.4-M1'
-    implementation 'org.jetbrains:kotlin-react-dom:16.13.0-pre.93-kotlin-1.4-M1'
+    implementation 'org.jetbrains:kotlin-react:16.13.0-pre.93-kotlin-KOTLIN_VERSION'
+    implementation 'org.jetbrains:kotlin-react-dom:16.13.0-pre.93-kotlin-KOTLIN_VERSION'
     implementation npm('react','16.13.0')
     implementation npm('react-dom','16.13.0')
     implementation npm('react-is','16.13.0')
-    implementation 'org.jetbrains:kotlin-styled:1.0.0-pre.93-kotlin-1.4-M1'
+    implementation 'org.jetbrains:kotlin-styled:1.0.0-pre.93-kotlin-KOTLIN_VERSION'
     implementation npm('styled-components','5.0.0')
     implementation npm('inline-style-prefixer','5.1.0')
 }
diff --git a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/frontendApplication/build.gradle.kts b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/frontendApplication/build.gradle.kts
index 88b9be8d5ef..b597ce968ba 100644
--- a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/frontendApplication/build.gradle.kts
+++ b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/frontendApplication/build.gradle.kts
@@ -18,12 +18,12 @@ dependencies {
     testImplementation(kotlin("test-js"))
     implementation(kotlin("stdlib-js"))
     implementation("org.jetbrains.kotlinx:kotlinx-html-js:0.7.1")
-    implementation("org.jetbrains:kotlin-react:16.13.0-pre.93-kotlin-1.4-M1")
-    implementation("org.jetbrains:kotlin-react-dom:16.13.0-pre.93-kotlin-1.4-M1")
+    implementation("org.jetbrains:kotlin-react:16.13.0-pre.93-kotlin-KOTLIN_VERSION")
+    implementation("org.jetbrains:kotlin-react-dom:16.13.0-pre.93-kotlin-KOTLIN_VERSION")
     implementation(npm("react","16.13.0"))
     implementation(npm("react-dom","16.13.0"))
     implementation(npm("react-is","16.13.0"))
-    implementation("org.jetbrains:kotlin-styled:1.0.0-pre.93-kotlin-1.4-M1")
+    implementation("org.jetbrains:kotlin-styled:1.0.0-pre.93-kotlin-KOTLIN_VERSION")
     implementation(npm("styled-components","5.0.0"))
     implementation(npm("inline-style-prefixer","5.1.0"))
 }
diff --git a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/fullStackWebApplication/build.gradle b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/fullStackWebApplication/build.gradle
index b6f5cae3d2f..cdbb3c0884a 100644
--- a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/fullStackWebApplication/build.gradle
+++ b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/fullStackWebApplication/build.gradle
@@ -61,12 +61,12 @@ kotlin {
             dependencies {
                 implementation kotlin('stdlib-js')
                 implementation 'org.jetbrains.kotlinx:kotlinx-html-js:0.7.1'
-                implementation 'org.jetbrains:kotlin-react:16.13.0-pre.93-kotlin-1.4-M1'
-                implementation 'org.jetbrains:kotlin-react-dom:16.13.0-pre.93-kotlin-1.4-M1'
+                implementation 'org.jetbrains:kotlin-react:16.13.0-pre.93-kotlin-KOTLIN_VERSION'
+                implementation 'org.jetbrains:kotlin-react-dom:16.13.0-pre.93-kotlin-KOTLIN_VERSION'
                 implementation npm('react','16.13.0')
                 implementation npm('react-dom','16.13.0')
                 implementation npm('react-is','16.13.0')
-                implementation 'org.jetbrains:kotlin-styled:1.0.0-pre.93-kotlin-1.4-M1'
+                implementation 'org.jetbrains:kotlin-styled:1.0.0-pre.93-kotlin-KOTLIN_VERSION'
                 implementation npm('styled-components','5.0.0')
                 implementation npm('inline-style-prefixer','5.1.0')
             }
diff --git a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/fullStackWebApplication/build.gradle.kts b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/fullStackWebApplication/build.gradle.kts
index 952b562f88f..456f8a06a4c 100644
--- a/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/fullStackWebApplication/build.gradle.kts
+++ b/libraries/tools/new-project-wizard/new-project-wizard-cli/testData/projectTemplatesBuildFileGeneration/fullStackWebApplication/build.gradle.kts
@@ -61,12 +61,12 @@ kotlin {
             dependencies {
                 implementation(kotlin("stdlib-js"))
                 implementation("org.jetbrains.kotlinx:kotlinx-html-js:0.7.1")
-                implementation("org.jetbrains:kotlin-react:16.13.0-pre.93-kotlin-1.4-M1")
-                implementation("org.jetbrains:kotlin-react-dom:16.13.0-pre.93-kotlin-1.4-M1")
+                implementation("org.jetbrains:kotlin-react:16.13.0-pre.93-kotlin-KOTLIN_VERSION")
+                implementation("org.jetbrains:kotlin-react-dom:16.13.0-pre.93-kotlin-KOTLIN_VERSION")
                 implementation(npm("react","16.13.0"))
                 implementation(npm("react-dom","16.13.0"))
                 implementation(npm("react-is","16.13.0"))
-                implementation("org.jetbrains:kotlin-styled:1.0.0-pre.93-kotlin-1.4-M1")
+                implementation("org.jetbrains:kotlin-styled:1.0.0-pre.93-kotlin-KOTLIN_VERSION")
                 implementation(npm("styled-components","5.0.0"))
                 implementation(npm("inline-style-prefixer","5.1.0"))
             }
diff --git a/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/Versions.kt b/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/Versions.kt
index 44e5cab16aa..c2a33127e88 100644
--- a/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/Versions.kt
+++ b/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/Versions.kt
@@ -24,9 +24,9 @@ object Versions {
     }
 
     object JS_WRAPPERS {
-        val KOTLIN_REACT = version("16.13.0-pre.93-kotlin-1.4-M1")
+        val KOTLIN_REACT: (kotlinVersion: Version) -> Version = { kotlinVersion -> version("16.13.0-pre.93-kotlin-$kotlinVersion") }
         val KOTLIN_REACT_DOM = KOTLIN_REACT
-        val KOTLIN_STYLED = version("1.0.0-pre.93-kotlin-1.4-M1")
+        val KOTLIN_STYLED: (kotlinVersion: Version) -> Version = { kotlinVersion -> version("1.0.0-pre.93-kotlin-$kotlinVersion") }
     }
 
     object NPM {
diff --git a/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/templates/SimpleJsClientTemplate.kt b/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/templates/SimpleJsClientTemplate.kt
index ecca5b04854..eca80d8bb72 100644
--- a/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/templates/SimpleJsClientTemplate.kt
+++ b/libraries/tools/new-project-wizard/src/org/jetbrains/kotlin/tools/projectWizard/templates/SimpleJsClientTemplate.kt
@@ -29,6 +29,7 @@ import org.jetbrains.kotlin.tools.projectWizard.transformers.interceptors.Templa
 import org.jetbrains.kotlin.tools.projectWizard.transformers.interceptors.interceptTemplate
 import org.jetbrains.kotlin.tools.projectWizard.KotlinNewProjectWizardBundle
 import org.jetbrains.kotlin.tools.projectWizard.Versions
+import org.jetbrains.kotlin.tools.projectWizard.plugins.kotlin.KotlinPlugin
 
 class SimpleJsClientTemplate : Template() {
     override val title: String = KotlinNewProjectWizardBundle.message("module.template.js.simple.title")
@@ -75,14 +76,15 @@ class SimpleJsClientTemplate : Template() {
                 DependencyType.MAIN
             )
 
+            val kotlinVersion = KotlinPlugin::version.propertyValue
             if (renderEngine.reference.settingValue != RenderEngine.KOTLINX_HTML) {
-                +Dependencies.KOTLIN_REACT
-                +Dependencies.KOTLIN_REACT_DOM
+                +Dependencies.KOTLIN_REACT(kotlinVersion)
+                +Dependencies.KOTLIN_REACT_DOM(kotlinVersion)
                 +Dependencies.NPM_REACT
                 +Dependencies.NPM_REACT_DOM
                 if (renderEngine.reference.settingValue == RenderEngine.REACT_WITH_STYLED) {
                     +Dependencies.NPM_REACT_IS
-                    +Dependencies.KOTLIN_STYLED
+                    +Dependencies.KOTLIN_STYLED(kotlinVersion)
                     +Dependencies.NPM_STYLED_COMPONENTS
                     +Dependencies.NPM_INLINE_STYLE_PREFIXER
                 }
@@ -245,21 +247,27 @@ class SimpleJsClientTemplate : Template() {
     }
 
     private object Dependencies {
-        val KOTLIN_REACT = ArtifactBasedLibraryDependencyIR(
-            MavenArtifact(Repositories.KOTLIN_JS_WRAPPERS_BINTRAY, "org.jetbrains", "kotlin-react"),
-            Versions.JS_WRAPPERS.KOTLIN_REACT,
-            DependencyType.MAIN
-        )
-        val KOTLIN_REACT_DOM = ArtifactBasedLibraryDependencyIR(
-            MavenArtifact(Repositories.KOTLIN_JS_WRAPPERS_BINTRAY, "org.jetbrains", "kotlin-react-dom"),
-            Versions.JS_WRAPPERS.KOTLIN_REACT_DOM,
-            DependencyType.MAIN
-        )
-        val KOTLIN_STYLED = ArtifactBasedLibraryDependencyIR(
-            MavenArtifact(Repositories.KOTLIN_JS_WRAPPERS_BINTRAY, "org.jetbrains", "kotlin-styled"),
-            Versions.JS_WRAPPERS.KOTLIN_STYLED,
-            DependencyType.MAIN
-        )
+        val KOTLIN_REACT = { kotlinVersion: Version ->
+            ArtifactBasedLibraryDependencyIR(
+                MavenArtifact(Repositories.KOTLIN_JS_WRAPPERS_BINTRAY, "org.jetbrains", "kotlin-react"),
+                Versions.JS_WRAPPERS.KOTLIN_REACT(kotlinVersion),
+                DependencyType.MAIN
+            )
+        }
+        val KOTLIN_REACT_DOM = { kotlinVersion: Version ->
+            ArtifactBasedLibraryDependencyIR(
+                MavenArtifact(Repositories.KOTLIN_JS_WRAPPERS_BINTRAY, "org.jetbrains", "kotlin-react-dom"),
+                Versions.JS_WRAPPERS.KOTLIN_REACT_DOM(kotlinVersion),
+                DependencyType.MAIN
+            )
+        }
+        val KOTLIN_STYLED = { kotlinVersion: Version ->
+            ArtifactBasedLibraryDependencyIR(
+                MavenArtifact(Repositories.KOTLIN_JS_WRAPPERS_BINTRAY, "org.jetbrains", "kotlin-styled"),
+                Versions.JS_WRAPPERS.KOTLIN_STYLED(kotlinVersion),
+                DependencyType.MAIN
+            )
+        }
 
         val NPM_REACT = ArtifactBasedLibraryDependencyIR(
             NpmArtifact("react"),