diff --git a/CHANGELOG.md b/CHANGELOG.md
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+### 3.9.4 [2021.12.26]
+* Allow the test suite to build with `text-2.0.*` and
+  `transformers-compat-0.7.1`.
+
 ### 3.9.3 [2021.10.31]
 * Allow building with GHC 9.2.
 * Drop support for GHC 7.4 and 7.6.
diff --git a/tests/Derived/TypeSynonyms.hs b/tests/Derived/TypeSynonyms.hs
--- a/tests/Derived/TypeSynonyms.hs
+++ b/tests/Derived/TypeSynonyms.hs
@@ -72,9 +72,13 @@
 -------------------------------------------------------------------------------
 
 #if !(MIN_VERSION_base(4,9,0))
+-- TODO: Delete this code once we depend on transformers-compat-0.7.1 as the
+-- minimum
+# if !(MIN_VERSION_transformers_compat(0,7,1))
 $(deriveShow1 ''(,,,))
-# if defined(NEW_FUNCTOR_CLASSES)
+#  if defined(NEW_FUNCTOR_CLASSES)
 $(deriveShow2 ''(,,,))
+#  endif
 # endif
 #endif
 
diff --git a/tests/Instances/Data/Floating.hs b/tests/Instances/Data/Floating.hs
--- a/tests/Instances/Data/Floating.hs
+++ b/tests/Instances/Data/Floating.hs
@@ -17,6 +17,8 @@
 import Data.Text.Lazy.Builder.RealFloat (FPFormat(..))
 import Test.QuickCheck (Arbitrary(..), arbitraryBoundedEnum)
 
+#if !(MIN_VERSION_text(2,0,0))
 deriving instance Bounded FPFormat
+#endif
 instance Arbitrary FPFormat where
     arbitrary = arbitraryBoundedEnum
diff --git a/text-show.cabal b/text-show.cabal
--- a/text-show.cabal
+++ b/text-show.cabal
@@ -1,5 +1,5 @@
 name:                text-show
-version:             3.9.3
+version:             3.9.4
 synopsis:            Efficient conversion of values into Text
 description:         @text-show@ offers a replacement for the @Show@ typeclass intended
                      for use with @Text@ instead of @String@s. This package was created
@@ -162,7 +162,7 @@
                      , generic-deriving      >= 1.14.1 && < 2
                      , ghc-prim
                      , integer-gmp
-                     , text                  >= 0.11.1 && < 1.3
+                     , text                  >= 0.11.1 && < 2.1
                      , th-abstraction        >= 0.4    && < 0.5
                      , th-lift               >= 0.7.6  && < 1
 
@@ -349,7 +349,7 @@
                      , QuickCheck            >= 2.12   && < 2.15
                      , quickcheck-instances  >= 0.3.26 && < 0.4
                      , template-haskell      >= 2.9    && < 2.19
-                     , text                  >= 0.11.1 && < 1.3
+                     , text                  >= 0.11.1 && < 2.1
                      , text-show
                      , transformers-compat   >= 0.5    && < 1
   build-tool-depends:  hspec-discover:hspec-discover
@@ -383,7 +383,7 @@
                      , deepseq   >= 1.3    && < 2
                      , ghc-prim
                      , text-show
-                     , text      >= 0.11.1 && < 1.3
+                     , text      >= 0.11.1 && < 2.1
 
   hs-source-dirs:      benchmarks
   default-language:    Haskell2010