diff --git a/compiler/forget/src/HIR/BuildHIR.ts b/compiler/forget/src/HIR/BuildHIR.ts
index 9aaa6ce52f..4873441441 100644
--- a/compiler/forget/src/HIR/BuildHIR.ts
+++ b/compiler/forget/src/HIR/BuildHIR.ts
@@ -2488,7 +2488,10 @@ function gatherCapturedDeps(
     if (path.isMemberExpression()) {
       // For CallExpression, we need to depend on the receiver, not the
       // function itself.
-      if (path.parent.type === "CallExpression") {
+      if (
+        path.parent.type === "CallExpression" &&
+        path.parent.callee === path.node
+      ) {
         path = path.get("object");
       }
 
diff --git a/compiler/forget/src/__tests__/fixtures/compiler/capturing-function-member-expr-arguments.expect.md b/compiler/forget/src/__tests__/fixtures/compiler/capturing-function-member-expr-arguments.expect.md
new file mode 100644
index 0000000000..a9060d21ee
--- /dev/null
+++ b/compiler/forget/src/__tests__/fixtures/compiler/capturing-function-member-expr-arguments.expect.md
@@ -0,0 +1,39 @@
+
+## Input
+
+```javascript
+function Foo(props) {
+  const onFoo = useCallback(
+    (reason) => {
+      log(props.router.location);
+    },
+    [props.router.location]
+  );
+
+  return onFoo;
+}
+
+```
+
+## Code
+
+```javascript
+function Foo(props) {
+  const $ = React.unstable_useMemoCache(2);
+  const c_0 = $[0] !== props.router.location;
+  let t0;
+  if (c_0) {
+    t0 = (reason) => {
+      log(props.router.location);
+    };
+    $[0] = props.router.location;
+    $[1] = t0;
+  } else {
+    t0 = $[1];
+  }
+  const onFoo = t0;
+  return onFoo;
+}
+
+```
+      
\ No newline at end of file
diff --git a/compiler/forget/src/__tests__/fixtures/compiler/capturing-function-member-expr-arguments.js b/compiler/forget/src/__tests__/fixtures/compiler/capturing-function-member-expr-arguments.js
new file mode 100644
index 0000000000..5eeb6bf8f2
--- /dev/null
+++ b/compiler/forget/src/__tests__/fixtures/compiler/capturing-function-member-expr-arguments.js
@@ -0,0 +1,10 @@
+function Foo(props) {
+  const onFoo = useCallback(
+    (reason) => {
+      log(props.router.location);
+    },
+    [props.router.location]
+  );
+
+  return onFoo;
+}