diff --git a/src/LiveComponent/CHANGELOG.md b/src/LiveComponent/CHANGELOG.md
index a05311bbb0a..692612be605 100644
--- a/src/LiveComponent/CHANGELOG.md
+++ b/src/LiveComponent/CHANGELOG.md
@@ -4,6 +4,7 @@
 
 -   Add support for [Symfony UID](https://symfony.com/doc/current/components/uid.html) hydration/dehydration
 -   `ComponentWithFormTrait` now correctly checks for a `TranslatableInterface` placeholder for `<select>` elements
+-   Fix `LiveComponentHydrator::hydrateValue()` to hydrate null values
 
 ## 2.23.0
 
diff --git a/src/LiveComponent/src/LiveComponentHydrator.php b/src/LiveComponent/src/LiveComponentHydrator.php
index ce55e9f873b..1a1b01fa72f 100644
--- a/src/LiveComponent/src/LiveComponentHydrator.php
+++ b/src/LiveComponent/src/LiveComponentHydrator.php
@@ -282,6 +282,10 @@ public function hydrateValue(mixed $value, LivePropMetadata $propMetadata, objec
                 throw new \LogicException(\sprintf('The "%s::%s" object should be hydrated with the Serializer, but no type could be guessed.', $parentObject::class, $propMetadata->getName()));
             }
 
+            if (null === $value && $propMetadata->allowsNull()) {
+                return null;
+            }
+
             return $this->serializer->denormalize($value, $type, 'json', $propMetadata->serializationContext());
         }
 
diff --git a/src/LiveComponent/tests/Unit/LiveComponentHydratorTest.php b/src/LiveComponent/tests/Unit/LiveComponentHydratorTest.php
index f14ff4a7b72..594e8daecb7 100644
--- a/src/LiveComponent/tests/Unit/LiveComponentHydratorTest.php
+++ b/src/LiveComponent/tests/Unit/LiveComponentHydratorTest.php
@@ -14,8 +14,12 @@
 use PHPUnit\Framework\TestCase;
 use Symfony\Component\PropertyAccess\PropertyAccessorInterface;
 use Symfony\Component\Serializer\Normalizer\NormalizerInterface;
+use Symfony\Component\Serializer\Normalizer\ObjectNormalizer;
+use Symfony\Component\Serializer\Serializer;
+use Symfony\UX\LiveComponent\Attribute\LiveProp;
 use Symfony\UX\LiveComponent\LiveComponentHydrator;
 use Symfony\UX\LiveComponent\Metadata\LiveComponentMetadataFactory;
+use Symfony\UX\LiveComponent\Metadata\LivePropMetadata;
 
 final class LiveComponentHydratorTest extends TestCase
 {
@@ -32,4 +36,30 @@ public function testConstructWithEmptySecret(): void
             '',
         );
     }
+
+    public function testItCanHydrateWithNullValues()
+    {
+        $hydrator = new LiveComponentHydrator(
+            [],
+            $this->createMock(PropertyAccessorInterface::class),
+            $this->createMock(LiveComponentMetadataFactory::class),
+            new Serializer(normalizers: [new ObjectNormalizer()]),
+            'foo',
+        );
+
+        $hydratedValue = $hydrator->hydrateValue(
+            null,
+            new LivePropMetadata('foo', new LiveProp(useSerializerForHydration: true), typeName: Foo::class, isBuiltIn: false, allowsNull: true, collectionValueType: null),
+            parentObject: new \stdClass() // not relevant in this test
+        );
+
+        self::assertNull($hydratedValue);
+    }
+}
+
+class Foo
+{
+    public function __construct(private int $id)
+    {
+    }
 }