diff --git a/readme.md b/readme.md
index dcc25174c..8c1afd596 100644
--- a/readme.md
+++ b/readme.md
@@ -111,7 +111,6 @@ Click the type names for complete docs.
 - [`SetOptional`](source/set-optional.d.ts) - Create a type that makes the given keys optional.
 - [`SetRequired`](source/set-required.d.ts) - Create a type that makes the given keys required.
 - [`ValueOf`](source/value-of.d.ts) - Create a union of the given object's values, and optionally specify which keys to get the values from.
-- [`PromiseValue`](source/promise-value.d.ts) - Returns the type that is wrapped inside a `Promise`.
 - [`AsyncReturnType`](source/async-return-type.d.ts) - Unwrap the return type of a function that returns a `Promise`.
 - [`ConditionalKeys`](source/conditional-keys.d.ts) - Extract keys from a shape where values extend the given `Condition` type.
 - [`ConditionalPick`](source/conditional-pick.d.ts) - Like `Pick` except it selects properties from a shape where the values extend the given `Condition` type.
diff --git a/source/promise-value.d.ts b/source/promise-value.d.ts
index 7cc5ee6fc..5cf728b87 100644
--- a/source/promise-value.d.ts
+++ b/source/promise-value.d.ts
@@ -1,4 +1,6 @@
 /**
+@deprecated Use the built-in [`Awaited` type](https://www.typescriptlang.org/docs/handbook/release-notes/typescript-4-5.html#the-awaited-type-and-promise-improvements) instead.
+
 Returns the type that is wrapped inside a `Promise` type.
 If the type is a nested Promise, it is unwrapped recursively until a non-Promise type is obtained.
 If the type is not a `Promise`, the type itself is returned.