diff --git a/science/py-dwave-preprocessing/Makefile b/science/py-dwave-preprocessing/Makefile
index d146d70e12b4..66e04f7f77f0 100644
--- a/science/py-dwave-preprocessing/Makefile
+++ b/science/py-dwave-preprocessing/Makefile
@@ -1,38 +1,39 @@
 PORTNAME=	dwave-preprocessing
-DISTVERSION=	0.5.2
+DISTVERSION=	0.5.4
 CATEGORIES=	science python # quantum-computing
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	DWave: Preprocessing tools to aid in solving binary quadratic models
 WWW=		https://github.com/dwavesystems/dwave-preprocessing
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
-PY_DEPENDS=	${PYTHON_PKGNAMEPREFIX}dimod>0:science/py-dimod@${PY_FLAVOR} \
+PY_DEPENDS=	${PYTHON_PKGNAMEPREFIX}dimod>=0.12.2:science/py-dimod@${PY_FLAVOR} \
 		${PYNUMPY}
 BUILD_DEPENDS=	${PY_DEPENDS} \
 		${PYTHON_PKGNAMEPREFIX}wheel>=0.30.0:devel/py-wheel@${PY_FLAVOR}
+LIB_DEPENDS=	libspdlog.so:devel/spdlog
 RUN_DEPENDS=	${PY_DEPENDS}
 
-USES=		python:3.7+
-USE_PYTHON=	distutils cython unittest
+USES=		localbase:ldflags python:3.7+
+USE_PYTHON=	distutils cython unittest # 1 test fails, see https://github.com/dwavesystems/dwave-preprocessing/issues/74
 
 USE_GITHUB=	yes
 GH_ACCOUNT=	dwavesystems
 
 TEST_ENV=	${MAKE_ENV} PYTHONPATH=${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}
 TEST_WRKSRC=	${WRKSRC}/tests
 
 post-install:
 	# strip binaries
 	@${STRIP_CMD} \
 		${STAGEDIR}${PYTHON_SITELIBDIR}/dwave/preprocessing/cyfix_variables${PYTHON_EXT_SUFFIX}.so \
 		${STAGEDIR}${PYTHON_SITELIBDIR}/dwave/preprocessing/presolve/cypresolve${PYTHON_EXT_SUFFIX}.so
 	# remove conflicting __init__.py, see https://github.com/dwavesystems/dwave-preprocessing/issues/45
 	@${RM} -r \
 		${STAGEDIR}${PYTHON_SITELIBDIR}/dwave/__init__.py \
 		${STAGEDIR}${PYTHON_SITELIBDIR}/dwave/__pycache__
 
 .include <bsd.port.mk>
diff --git a/science/py-dwave-preprocessing/distinfo b/science/py-dwave-preprocessing/distinfo
index 9a51e1da7352..00656393515d 100644
--- a/science/py-dwave-preprocessing/distinfo
+++ b/science/py-dwave-preprocessing/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1668294419
-SHA256 (dwavesystems-dwave-preprocessing-0.5.2_GH0.tar.gz) = 07f80f4e8ede2f22d65a94711ca98fc41ce76c2825a917b0f70b8c6eeb569db7
-SIZE (dwavesystems-dwave-preprocessing-0.5.2_GH0.tar.gz) = 101675
+TIMESTAMP = 1671954380
+SHA256 (dwavesystems-dwave-preprocessing-0.5.4_GH0.tar.gz) = 864ec18a8f14a83f0439d3cb6a9006c0d9577012f2cab14b622dc715bac17b24
+SIZE (dwavesystems-dwave-preprocessing-0.5.4_GH0.tar.gz) = 104138
diff --git a/science/py-dwave-preprocessing/files/patch-setup.py b/science/py-dwave-preprocessing/files/patch-setup.py
new file mode 100644
index 000000000000..eb472512857e
--- /dev/null
+++ b/science/py-dwave-preprocessing/files/patch-setup.py
@@ -0,0 +1,10 @@
+--- setup.py.orig	2022-12-25 07:50:44 UTC
++++ setup.py
+@@ -26,6 +26,7 @@ extra_compile_args = {
+     'msvc': ['/std:c++17', '/EHsc'],
+     'unix': [
+         '-std=c++17', 
++        '-DSPDLOG_FMT_EXTERNAL=1', 
+        ],
+ }
+