diff --git a/doc/api/esm.md b/doc/api/esm.md
index 93152f569d3e26..707eb9d41d172c 100644
--- a/doc/api/esm.md
+++ b/doc/api/esm.md
@@ -717,13 +717,18 @@ into a new instance of `library.wasm`:
 ```js
 import source libraryModule from './library.wasm';
 
-const instance1 = await WebAssembly.instantiate(libraryModule, {
-  custom: import1,
-});
+const instance1 = await WebAssembly.instantiate(libraryModule, importObject1);
 
-const instance2 = await WebAssembly.instantiate(libraryModule, {
-  custom: import2,
-});
+const instance2 = await WebAssembly.instantiate(libraryModule, importObject2);
+```
+
+In addition to the static source phase, there is also a dynamic variant of the
+source phase via the `import.source` dynamic phase import syntax:
+
+```js
+const dynamicLibrary = await import.source('./library.wasm');
+
+const instance = await WebAssembly.instantiate(dynamicLibrary, importObject);
 ```
 
 <i id="esm_experimental_top_level_await"></i>
diff --git a/eslint.config.mjs b/eslint.config.mjs
index 75241d0eed65c4..5f2e5b3b857cea 100644
--- a/eslint.config.mjs
+++ b/eslint.config.mjs
@@ -104,6 +104,7 @@ export default [
       parser: babelEslintParser,
       parserOptions: {
         babelOptions: {
+          parserOpts: { createImportExpressions: true },
           plugins: [
             babelPluginProposalExplicitResourceManagement,
             babelPluginSyntaxImportAttributes,
diff --git a/src/module_wrap.cc b/src/module_wrap.cc
index 1c7e9ff5a55474..2290a9072bfcfb 100644
--- a/src/module_wrap.cc
+++ b/src/module_wrap.cc
@@ -1065,10 +1065,8 @@ void ModuleWrap::SetImportModuleDynamicallyCallback(
   realm->set_host_import_module_dynamically_callback(import_callback);
 
   isolate->SetHostImportModuleDynamicallyCallback(ImportModuleDynamically);
-  // TODO(guybedford): Enable this once
-  //                   https://github.com/nodejs/node/pull/56842 lands.
-  // isolate->SetHostImportModuleWithPhaseDynamicallyCallback(
-  //     ImportModuleDynamicallyWithPhase);
+  isolate->SetHostImportModuleWithPhaseDynamicallyCallback(
+      ImportModuleDynamicallyWithPhase);
 }
 
 void ModuleWrap::HostInitializeImportMetaObjectCallback(
diff --git a/test/es-module/test-esm-wasm.mjs b/test/es-module/test-esm-wasm.mjs
index b7a9230dd184b2..41e56b988a9f8f 100644
--- a/test/es-module/test-esm-wasm.mjs
+++ b/test/es-module/test-esm-wasm.mjs
@@ -124,8 +124,7 @@ describe('ESM: WASM modules', { concurrency: !process.env.TEST_PARALLEL }, () =>
     strictEqual(code, 0);
   });
 
-  // TODO: Enable this once https://github.com/nodejs/node/pull/56842 lands.
-  it.skip('should support dynamic source phase imports', async () => {
+  it('should support dynamic source phase imports', async () => {
     const { code, stderr, stdout } = await spawnPromisified(execPath, [
       '--no-warnings',
       '--experimental-wasm-modules',
@@ -166,8 +165,7 @@ describe('ESM: WASM modules', { concurrency: !process.env.TEST_PARALLEL }, () =>
     strictEqual(code, 0);
   });
 
-  // TODO: Enable this once https://github.com/nodejs/node/pull/56842 lands.
-  it.skip('should not execute dynamic source phase imports', async () => {
+  it('should not execute dynamic source phase imports', async () => {
     const { code, stderr, stdout } = await spawnPromisified(execPath, [
       '--no-warnings',
       '--experimental-wasm-modules',
@@ -181,8 +179,7 @@ describe('ESM: WASM modules', { concurrency: !process.env.TEST_PARALLEL }, () =>
     strictEqual(code, 0);
   });
 
-  // TODO: Enable this once https://github.com/nodejs/node/pull/56842 lands.
-  it.skip('should throw for dynamic source phase imports not defined', async () => {
+  it('should throw for dynamic source phase imports not defined', async () => {
     const fileUrl = fixtures.fileURL('es-modules/wasm-source-phase.js');
     const { code, stderr, stdout } = await spawnPromisified(execPath, [
       '--no-warnings',
@@ -195,6 +192,7 @@ describe('ESM: WASM modules', { concurrency: !process.env.TEST_PARALLEL }, () =>
         '  strictEqual(e instanceof SyntaxError, true);',
         '  strictEqual(e.message.includes("Source phase import object is not defined for module"), true);',
         `  strictEqual(e.message.includes(${JSON.stringify(fileUrl)}), true);`,
+        `  return true`,
         '});',
       ].join('\n'),
     ]);
@@ -238,8 +236,7 @@ describe('ESM: WASM modules', { concurrency: !process.env.TEST_PARALLEL }, () =>
     notStrictEqual(code, 0);
   });
 
-  // TODO: Enable this once https://github.com/nodejs/node/pull/56842 lands.
-  it.skip('should throw for vm source phase dynamic import', async () => {
+  it('should throw for vm source phase dynamic import', async () => {
     const { code, stderr, stdout } = await spawnPromisified(execPath, [
       '--no-warnings',
       '--experimental-wasm-modules',