diff --git a/ports/openimageio/fix-dependencies.patch b/ports/openimageio/fix-dependencies.patch
index d923cc7a40918f..59dcea643676ee 100644
--- a/ports/openimageio/fix-dependencies.patch
+++ b/ports/openimageio/fix-dependencies.patch
@@ -2,13 +2,14 @@ diff --git a/src/cmake/Config.cmake.in b/src/cmake/Config.cmake.in
 index 0a6afeb..2a67ee3 100644
 --- a/src/cmake/Config.cmake.in
 +++ b/src/cmake/Config.cmake.in
-@@ -2,6 +2,22 @@
+@@ -2,6 +2,23 @@
  
  include(CMakeFindDependencyMacro)
  
-+find_dependency(libheif CONFIG)
++if (@USE_LIBHEIF@)
++    find_dependency(libheif CONFIG)
++endif()
 +find_dependency(PNG)
-+find_dependency(unofficial-libsquish CONFIG)
 +if(@USE_OPENCV@)
 +    find_dependency(OpenCV CONFIG)
 +endif()
diff --git a/ports/openimageio/portfile.cmake b/ports/openimageio/portfile.cmake
index afbdd0b5842309..77470555025e5a 100644
--- a/ports/openimageio/portfile.cmake
+++ b/ports/openimageio/portfile.cmake
@@ -41,6 +41,7 @@ vcpkg_check_features(OUT_FEATURE_OPTIONS FEATURE_OPTIONS
         opencv      USE_OPENCV
         openjpeg    USE_OPENJPEG
         webp        USE_WEBP
+        libheif     USE_LIBHEIF
         pybind11    USE_PYTHON
         tools       OIIO_BUILD_TOOLS
         tools       USE_OPENGL
@@ -68,7 +69,7 @@ vcpkg_cmake_configure(
         -DINSTALL_DOCS=OFF
         -DENABLE_INSTALL_testtex=OFF
         "-DFMT_INCLUDES=${CURRENT_INSTALLED_DIR}/include"
-        "-DREQUIRED_DEPS=fmt;JPEG;Libheif;Libsquish;PNG;Robinmap"
+        "-DREQUIRED_DEPS=fmt;JPEG;PNG;Robinmap"
     MAYBE_UNUSED_VARIABLES
         ENABLE_INSTALL_testtex
 )
diff --git a/ports/openimageio/vcpkg.json b/ports/openimageio/vcpkg.json
index ee72251f1ee75a..96e24fa1de4483 100644
--- a/ports/openimageio/vcpkg.json
+++ b/ports/openimageio/vcpkg.json
@@ -1,7 +1,7 @@
 {
   "name": "openimageio",
   "version": "2.4.5.0",
-  "port-version": 3,
+  "port-version": 4,
   "description": "A library for reading and writing images, and a bunch of related classes, utilities, and application.",
   "homepage": "https://github.com/OpenImageIO/oiio",
   "license": "BSD-3-Clause",
@@ -20,10 +20,8 @@
     "boost-thread",
     "boost-type-traits",
     "fmt",
-    "libheif",
     "libjpeg-turbo",
     "libpng",
-    "libsquish",
     "openexr",
     "robin-map",
     "tiff",
@@ -62,6 +60,12 @@
         "giflib"
       ]
     },
+    "libheif": {
+      "description": "Enable heif support for openimageio",
+      "dependencies": [
+        "libheif"
+      ]
+    },
     "libraw": {
       "description": "Enable RAW image files support",
       "dependencies": [
diff --git a/versions/baseline.json b/versions/baseline.json
index 67a8be3b730ad2..32a8998a92a08b 100644
--- a/versions/baseline.json
+++ b/versions/baseline.json
@@ -5618,7 +5618,7 @@
     },
     "openimageio": {
       "baseline": "2.4.5.0",
-      "port-version": 3
+      "port-version": 4
     },
     "openjpeg": {
       "baseline": "2.5.0",
diff --git a/versions/o-/openimageio.json b/versions/o-/openimageio.json
index ec8a2d8aab1ae0..104700d1b9aa8f 100644
--- a/versions/o-/openimageio.json
+++ b/versions/o-/openimageio.json
@@ -1,5 +1,10 @@
 {
   "versions": [
+    {
+      "git-tree": "3c8df049a8e7b1c3e48006e78c4f5a9d451860a0",
+      "version": "2.4.5.0",
+      "port-version": 4
+    },
     {
       "git-tree": "d89c769d1b813eadd08173e4e9d18049ac8c1d23",
       "version": "2.4.5.0",