diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1a804b76a..a32d078a8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ## [Unreleased](https://github.com/eth-brownie/brownie)
 ### Changed
 - Force files to be opened as UTF-8
+- Added a new solidity compiler setting `use_latest_patch` in brownie-config.yaml to use the latest patch version of a compiler based on the pragma version of the contract.
 - Add cli flag `-r` for raising exceptions to the caller instead of doing a system exit.
 
 ## [1.17.2](https://github.com/eth-brownie/brownie/tree/v1.17.2) - 2021-12-04
diff --git a/brownie/network/contract.py b/brownie/network/contract.py
index e1dfc80ca..4519d8b9b 100644
--- a/brownie/network/contract.py
+++ b/brownie/network/contract.py
@@ -21,7 +21,7 @@
 from vvm import get_installable_vyper_versions
 from vvm.utils.convert import to_vyper_version
 
-from brownie._config import BROWNIE_FOLDER, CONFIG, REQUEST_HEADERS
+from brownie._config import BROWNIE_FOLDER, CONFIG, REQUEST_HEADERS, _load_project_compiler_config
 from brownie.convert.datatypes import Wei
 from brownie.convert.normalize import format_input, format_output
 from brownie.convert.utils import (
@@ -1088,7 +1088,8 @@ def from_explorer(
                 is_compilable = False
         else:
             try:
-                version = Version(compiler_str.lstrip("v")).truncate()
+                version = cls.get_solc_version(compiler_str, address)
+
                 is_compilable = (
                     version >= Version("0.4.22")
                     and version
@@ -1174,6 +1175,39 @@ def from_explorer(
         _add_deployment(self)
         return self
 
+    @classmethod
+    def get_solc_version(cls, compiler_str: str, address: str) -> Version:
+        """
+        Return the solc compiler version either from the passed compiler string
+        or try to find the latest available patch semver compiler version.
+
+        Arguments
+        ---------
+        compiler_str: str
+            The compiler string passed from the contract metadata.
+        address: str
+            The contract address to check for.
+        """
+        version = Version(compiler_str.lstrip("v")).truncate()
+
+        compiler_config = _load_project_compiler_config(Path(os.getcwd()))
+        solc_config = compiler_config["solc"]
+        if "use_latest_patch" in solc_config:
+            use_latest_patch = solc_config["use_latest_patch"]
+            needs_patch_version = False
+            if isinstance(use_latest_patch, bool):
+                needs_patch_version = use_latest_patch
+            elif isinstance(use_latest_patch, list):
+                needs_patch_version = address in use_latest_patch
+
+            if needs_patch_version:
+                versions = [Version(str(i)) for i in solcx.get_installable_solc_versions()]
+                for v in filter(lambda l: l < version.next_minor(), versions):
+                    if v > version:
+                        version = v
+
+        return version
+
     def set_alias(self, alias: Optional[str]) -> None:
         """
         Apply a unique alias this object. The alias can be used to restore the
diff --git a/docs/config.rst b/docs/config.rst
index 532f4f6c5..1d55d8c8c 100644
--- a/docs/config.rst
+++ b/docs/config.rst
@@ -222,6 +222,23 @@ Compiler settings. See :ref:`compiler settings<compile_settings>` for more infor
               - zeppelin=/usr/local/lib/open-zeppelin/contracts/
               - github.com/ethereum/dapp-bin/=/usr/local/lib/dapp-bin/
 
+    .. py:attribute:: use_latest_patch
+
+        Optional boolean or array contract list to use the latest patch semver compiler version. E.g. the if the contract has pragma version `0.4.16` and the latest available patch for `0.4` is `0.4.22` it will use this instead for compilations.
+
+        Enable for all contracts:
+        .. code-block:: yaml
+            compiler:
+                solc:
+                    use_latest_patch: true
+
+        Enable for only specific contracts:
+        .. code-block:: yaml
+            compiler:
+                solc:
+                    use_latest_patch:
+                        - '0x514910771AF9Ca656af840dff83E8264EcF986CA'
+
 .. py:attribute:: compiler.vyper
 
     Settings specific to the Vyper compiler.
diff --git a/tests/network/contract/test_contract.py b/tests/network/contract/test_contract.py
index f0ebc6740..c440fc520 100644
--- a/tests/network/contract/test_contract.py
+++ b/tests/network/contract/test_contract.py
@@ -3,6 +3,8 @@
 
 import pytest
 import requests
+import yaml
+from semantic_version import Version
 
 from brownie import Wei
 from brownie.exceptions import BrownieCompilerWarning, BrownieEnvironmentWarning, ContractNotFound
@@ -308,6 +310,65 @@ def test_as_proxy_for(network):
     assert proxy.address != implementation.address
 
 
+def test_solc_use_latest_patch_true(testproject, network):
+    network.connect("mainnet")
+    solc_config = {"compiler": {"solc": {"use_latest_patch": True}}}
+    with testproject._path.joinpath("brownie-config.yaml").open("w") as fp:
+        yaml.dump(solc_config, fp)
+
+    assert Contract.get_solc_version(
+        "v0.4.16", "0x514910771AF9Ca656af840dff83E8264EcF986CA"
+    ) == Version("0.4.26")
+
+
+def test_solc_use_latest_patch_false(testproject, network):
+    network.connect("mainnet")
+    solc_config = {"compiler": {"solc": {"use_latest_patch": False}}}
+    with testproject._path.joinpath("brownie-config.yaml").open("w") as fp:
+        yaml.dump(solc_config, fp)
+
+    assert Contract.get_solc_version(
+        "v0.4.16", "0x514910771AF9Ca656af840dff83E8264EcF986CA"
+    ) == Version("0.4.16")
+
+
+def test_solc_use_latest_patch_missing(testproject, network):
+    network.connect("mainnet")
+    solc_config = {"compiler": {"solc": {}}}
+    with testproject._path.joinpath("brownie-config.yaml").open("w") as fp:
+        yaml.dump(solc_config, fp)
+
+    assert Contract.get_solc_version(
+        "v0.4.16", "0x514910771AF9Ca656af840dff83E8264EcF986CA"
+    ) == Version("0.4.16")
+
+
+def test_solc_use_latest_patch_specific_not_included(testproject, network):
+    network.connect("mainnet")
+    solc_config = {
+        "compiler": {"solc": {"use_latest_patch": ["0x0bc529c00C6401aEF6D220BE8C6Ea1667F6Ad93e"]}}
+    }
+    with testproject._path.joinpath("brownie-config.yaml").open("w") as fp:
+        yaml.dump(solc_config, fp)
+
+    assert Contract.get_solc_version(
+        "v0.4.16", "0x514910771AF9Ca656af840dff83E8264EcF986CA"
+    ) == Version("0.4.16")
+
+
+def test_solc_use_latest_patch_specific_included(testproject, network):
+    network.connect("mainnet")
+    solc_config = {
+        "compiler": {"solc": {"use_latest_patch": ["0x514910771AF9Ca656af840dff83E8264EcF986CA"]}}
+    }
+    with testproject._path.joinpath("brownie-config.yaml").open("w") as fp:
+        yaml.dump(solc_config, fp)
+
+    assert Contract.get_solc_version(
+        "v0.4.16", "0x514910771AF9Ca656af840dff83E8264EcF986CA"
+    ) == Version("0.4.26")
+
+
 # @pytest.mark.parametrize(
 #     "original",
 #     [