diff --git a/.changeset/giant-roses-press.md b/.changeset/giant-roses-press.md
new file mode 100644
index 0000000000..68069e0273
--- /dev/null
+++ b/.changeset/giant-roses-press.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: support dynamic transition functions
diff --git a/packages/svelte/src/compiler/phases/3-transform/client/visitors/template.js b/packages/svelte/src/compiler/phases/3-transform/client/visitors/template.js
index 4ec77b167d..1330141a8e 100644
--- a/packages/svelte/src/compiler/phases/3-transform/client/visitors/template.js
+++ b/packages/svelte/src/compiler/phases/3-transform/client/visitors/template.js
@@ -1767,7 +1767,9 @@ export const template_visitors = {
 				b.call(
 					'$.animate',
 					state.node,
-					/** @type {import('estree').Expression} */ (visit(parse_directive_name(node.name))),
+					b.thunk(
+						/** @type {import('estree').Expression} */ (visit(parse_directive_name(node.name)))
+					),
 					expression
 				)
 			)
@@ -1791,7 +1793,9 @@ export const template_visitors = {
 				b.call(
 					type,
 					state.node,
-					/** @type {import('estree').Expression} */ (visit(parse_directive_name(node.name))),
+					b.thunk(
+						/** @type {import('estree').Expression} */ (visit(parse_directive_name(node.name)))
+					),
 					expression,
 					node.modifiers.includes('global') ? b.true : b.false
 				)
diff --git a/packages/svelte/src/internal/client/block.js b/packages/svelte/src/internal/client/block.js
index 8f70b0fcf1..5ca2bdd850 100644
--- a/packages/svelte/src/internal/client/block.js
+++ b/packages/svelte/src/internal/client/block.js
@@ -175,10 +175,13 @@ export function create_each_block(flags, anchor) {
  */
 export function create_each_item_block(item, index, key) {
 	return {
+		// animate transition
+		a: null,
 		// dom
 		d: null,
 		// effect
 		e: null,
+		// index
 		i: index,
 		// key
 		k: key,
diff --git a/packages/svelte/src/internal/client/each.js b/packages/svelte/src/internal/client/each.js
index 21911ba975..0602d789f7 100644
--- a/packages/svelte/src/internal/client/each.js
+++ b/packages/svelte/src/internal/client/each.js
@@ -686,7 +686,7 @@ function destroy_active_transition_blocks(active_transitions) {
  * @param {import('./types.js').Block} block
  * @returns {Text | Element | Comment}
  */
-function get_first_element(block) {
+export function get_first_element(block) {
 	const current = block.d;
 
 	if (is_array(current)) {
@@ -717,25 +717,9 @@ function update_each_item_block(block, item, index, type) {
 	const transitions = block.s;
 	const index_is_reactive = (type & EACH_INDEX_REACTIVE) !== 0;
 	// Handle each item animations
-	if (transitions !== null && (type & EACH_KEYED) !== 0) {
-		let prev_index = block.i;
-		if (index_is_reactive) {
-			prev_index = /** @type {import('./types.js').Signal<number>} */ (prev_index).v;
-		}
-		const items = block.p.v;
-		if (prev_index !== index && /** @type {number} */ (index) < items.length) {
-			const from_dom = /** @type {Element} */ (get_first_element(block));
-			const from = from_dom.getBoundingClientRect();
-			// Cancel any existing key transitions
-			for (const transition of transitions) {
-				if (transition.r === 'key') {
-					transition.c();
-				}
-			}
-			schedule_task(() => {
-				trigger_transitions(transitions, 'key', from);
-			});
-		}
+	const each_animation = block.a;
+	if (transitions !== null && (type & EACH_KEYED) !== 0 && each_animation !== null) {
+		each_animation(block, transitions, index, index_is_reactive);
 	}
 	if (index_is_reactive) {
 		set_signal_value(/** @type {import('./types.js').Signal<number>} */ (block.i), index);
diff --git a/packages/svelte/src/internal/client/render.js b/packages/svelte/src/internal/client/render.js
index c4161018dc..3033209629 100644
--- a/packages/svelte/src/internal/client/render.js
+++ b/packages/svelte/src/internal/client/render.js
@@ -2086,49 +2086,49 @@ export function html(dom, get_value, svg) {
 /**
  * @template P
  * @param {HTMLElement} dom
- * @param {import('./types.js').TransitionFn<P | undefined>} transition_fn
+ * @param {() => import('./types.js').TransitionFn<P | undefined>} get_transition_fn
  * @param {(() => P) | null} props
  * @param {any} global
  * @returns {void}
  */
-export function transition(dom, transition_fn, props, global = false) {
-	bind_transition(dom, transition_fn, props, 'both', global);
+export function transition(dom, get_transition_fn, props, global = false) {
+	bind_transition(dom, get_transition_fn, props, 'both', global);
 }
 
 /**
  * @template P
  * @param {HTMLElement} dom
- * @param {import('./types.js').TransitionFn<P | undefined>} transition_fn
+ * @param {() => import('./types.js').TransitionFn<P | undefined>} get_transition_fn
  * @param {(() => P) | null} props
  * @returns {void}
  */
-export function animate(dom, transition_fn, props) {
-	bind_transition(dom, transition_fn, props, 'key', false);
+export function animate(dom, get_transition_fn, props) {
+	bind_transition(dom, get_transition_fn, props, 'key', false);
 }
 
 /**
  * @template P
  * @param {HTMLElement} dom
- * @param {import('./types.js').TransitionFn<P | undefined>} transition_fn
+ * @param {() => import('./types.js').TransitionFn<P | undefined>} get_transition_fn
  * @param {(() => P) | null} props
  * @param {any} global
  * @returns {void}
  */
-function in_fn(dom, transition_fn, props, global = false) {
-	bind_transition(dom, transition_fn, props, 'in', global);
+function in_fn(dom, get_transition_fn, props, global = false) {
+	bind_transition(dom, get_transition_fn, props, 'in', global);
 }
 export { in_fn as in };
 
 /**
  * @template P
  * @param {HTMLElement} dom
- * @param {import('./types.js').TransitionFn<P | undefined>} transition_fn
+ * @param {() => import('./types.js').TransitionFn<P | undefined>} get_transition_fn
  * @param {(() => P) | null} props
  * @param {any} global
  * @returns {void}
  */
-export function out(dom, transition_fn, props, global = false) {
-	bind_transition(dom, transition_fn, props, 'out', global);
+export function out(dom, get_transition_fn, props, global = false) {
+	bind_transition(dom, get_transition_fn, props, 'out', global);
 }
 
 /**
diff --git a/packages/svelte/src/internal/client/transitions.js b/packages/svelte/src/internal/client/transitions.js
index 52d09f39cb..c1631f8c9a 100644
--- a/packages/svelte/src/internal/client/transitions.js
+++ b/packages/svelte/src/internal/client/transitions.js
@@ -9,7 +9,7 @@ import {
 	KEY_BLOCK,
 	ROOT_BLOCK
 } from './block.js';
-import { destroy_each_item_block } from './each.js';
+import { destroy_each_item_block, get_first_element } from './each.js';
 import { append_child } from './operations.js';
 import { empty } from './render.js';
 import {
@@ -21,6 +21,7 @@ import {
 	managed_effect,
 	managed_pre_effect,
 	mark_subtree_inert,
+	schedule_task,
 	untrack
 } from './runtime.js';
 import { raf } from './timing.js';
@@ -411,13 +412,13 @@ function is_transition_block(block) {
 /**
  * @template P
  * @param {HTMLElement} dom
- * @param {import('./types.js').TransitionFn<P | undefined> | import('./types.js').AnimateFn<P | undefined>} transition_fn
+ * @param {() => import('./types.js').TransitionFn<P | undefined> | import('./types.js').AnimateFn<P | undefined>} get_transition_fn
  * @param {(() => P) | null} props_fn
  * @param {'in' | 'out' | 'both' | 'key'} direction
  * @param {boolean} global
  * @returns {void}
  */
-export function bind_transition(dom, transition_fn, props_fn, direction, global) {
+export function bind_transition(dom, get_transition_fn, props_fn, direction, global) {
 	const transition_effect = /** @type {import('./types.js').EffectSignal} */ (current_effect);
 	const block = current_block;
 	const props = props_fn === null ? {} : props_fn();
@@ -432,6 +433,7 @@ export function bind_transition(dom, transition_fn, props_fn, direction, global)
 			if (transition_block.t === EACH_ITEM_BLOCK) {
 				// Lazily apply the each block transition
 				transition_block.r = each_item_transition;
+				transition_block.a = each_item_animate;
 				transition_block = transition_block.p;
 			} else if (transition_block.t === AWAIT_BLOCK && transition_block.n /* pending */) {
 				can_show_intro_on_mount = false;
@@ -458,6 +460,11 @@ export function bind_transition(dom, transition_fn, props_fn, direction, global)
 	let transition;
 
 	effect(() => {
+		if (transition !== undefined) {
+			// Destroy any existing transitions first
+			transition.x();
+		}
+		const transition_fn = get_transition_fn();
 		/** @param {DOMRect} [from] */
 		const init = (from) =>
 			untrack(() =>
@@ -641,3 +648,31 @@ function each_item_transition(transition) {
 	});
 	transitions.add(transition);
 }
+
+/**
+ *
+ * @param {import('./types.js').EachItemBlock} block
+ * @param {Set<import('./types.js').Transition>} transitions
+ * @param {number} index
+ * @param {boolean} index_is_reactive
+ */
+function each_item_animate(block, transitions, index, index_is_reactive) {
+	let prev_index = block.i;
+	if (index_is_reactive) {
+		prev_index = /** @type {import('./types.js').Signal<number>} */ (prev_index).v;
+	}
+	const items = block.p.v;
+	if (prev_index !== index && /** @type {number} */ (index) < items.length) {
+		const from_dom = /** @type {Element} */ (get_first_element(block));
+		const from = from_dom.getBoundingClientRect();
+		// Cancel any existing key transitions
+		for (const transition of transitions) {
+			if (transition.r === 'key') {
+				transition.c();
+			}
+		}
+		schedule_task(() => {
+			trigger_transitions(transitions, 'key', from);
+		});
+	}
+}
diff --git a/packages/svelte/src/internal/client/types.d.ts b/packages/svelte/src/internal/client/types.d.ts
index 55f37c66d7..3a73f797e3 100644
--- a/packages/svelte/src/internal/client/types.d.ts
+++ b/packages/svelte/src/internal/client/types.d.ts
@@ -285,6 +285,15 @@ export type EachBlock = {
 };
 
 export type EachItemBlock = {
+	/** transition */
+	a:
+		| null
+		| ((
+				block: EachItemBlock,
+				transitions: Set<Transition>,
+				index: number,
+				index_is_reactive: boolean
+		  ) => void);
 	/** dom */
 	d: null | TemplateNode | Array<TemplateNode>;
 	/** effect */
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-transition/_config.js b/packages/svelte/tests/runtime-runes/samples/dynamic-transition/_config.js
new file mode 100644
index 0000000000..ed9e52b347
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/dynamic-transition/_config.js
@@ -0,0 +1,25 @@
+import { flushSync } from 'svelte';
+import { test } from '../../test';
+import { log } from './log.js';
+
+export default test({
+	before_test() {
+		log.length = 0;
+	},
+
+	async test({ assert, target }) {
+		const [b1, b2] = target.querySelectorAll('button');
+
+		flushSync(() => {
+			b1.click();
+		});
+
+		assert.deepEqual(log, ['transition 2']);
+
+		flushSync(() => {
+			b2.click();
+		});
+
+		assert.deepEqual(log, ['transition 2', 'transition 1', 'transition 1']);
+	}
+});
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-transition/log.js b/packages/svelte/tests/runtime-runes/samples/dynamic-transition/log.js
new file mode 100644
index 0000000000..d3df521f4d
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/dynamic-transition/log.js
@@ -0,0 +1,2 @@
+/** @type {any[]} */
+export const log = [];
diff --git a/packages/svelte/tests/runtime-runes/samples/dynamic-transition/main.svelte b/packages/svelte/tests/runtime-runes/samples/dynamic-transition/main.svelte
new file mode 100644
index 0000000000..8355a20d71
--- /dev/null
+++ b/packages/svelte/tests/runtime-runes/samples/dynamic-transition/main.svelte
@@ -0,0 +1,33 @@
+<script>
+	import { log } from './log.js';
+
+	function transition1() {
+		log.push('transition 1')
+		return {
+			tick() {
+
+			}
+		}
+	}
+
+	function transition2() {
+		log.push('transition 2')
+		return {
+			tick() {
+
+			}
+		}
+	}
+
+	let toggle = $state(false);
+	let toggleTransition = $state(false);
+
+	const derived = $derived(toggleTransition ? transition1 : transition2)
+</script>
+
+
+<button on:click={() => toggle = !toggle}>{toggle}</button>
+<button on:click={() => toggleTransition = !toggleTransition}>{toggleTransition}</button>
+
+{#if toggle}<div transition:derived></div>{/if}
+