diff --git a/HISTORY.rst b/HISTORY.rst
index aac8e1c8..d4ac1284 100644
--- a/HISTORY.rst
+++ b/HISTORY.rst
@@ -23,6 +23,7 @@ test-driven methodologies, and modern toolchains for unrivaled success.
 * Introduced the ``--json-output`` option to the `pio test <https://docs.platformio.org/en/latest/core/userguide/cmd_test.html>`__ command, enabling users to generate test results in the JSON format
 * Broadened version support for the ``pyelftools`` dependency, enabling compatibility with lower versions and facilitating integration with a wider range of third-party tools (`issue #4834 <https://github.com/platformio/platformio-core/issues/4834>`_)
 * Addressed an issue where passing a relative path (``--project-dir``) to the `pio project init <https://docs.platformio.org/en/latest/core/userguide/project/cmd_init.html>`__ command resulted in an error (`issue #4847 <https://github.com/platformio/platformio-core/issues/4847>`_)
+* Corrected the validation of ``symlink://`` `package specifications <https://docs.platformio.org/en/latest/core/userguide/pkg/cmd_install.html#local-folder>`__ , resolving an issue that caused the package manager to repeatedly reinstall dependencies (`pull #4870 <https://github.com/platformio/platformio-core/pull/4870>`_)
 * Resolved an issue related to the relative package path in the `pio pkg publish <https://docs.platformio.org/en/latest/core/userguide/pkg/cmd_publish.html>`__ command
 * Resolved an issue where the |LDF| selected an incorrect library version (`issue #4860 <https://github.com/platformio/platformio-core/issues/4860>`_)
 * Resolved an issue with the ``hexlify`` filter in the `device monitor <https://docs.platformio.org/en/latest/core/userguide/device/cmd_monitor.html>`__ command, ensuring proper representation of characters with Unicode code points higher than 127 (`issue #4732 <https://github.com/platformio/platformio-core/issues/4732>`_)
diff --git a/platformio/package/manager/base.py b/platformio/package/manager/base.py
index cfb49ebc..a4ad07ba 100644
--- a/platformio/package/manager/base.py
+++ b/platformio/package/manager/base.py
@@ -280,18 +280,15 @@ class BasePackageManager(  # pylint: disable=too-many-public-methods,too-many-in
 
         # external "URL" mismatch
         if spec.external:
-            # local folder mismatch
-            if (
-                os.path.abspath(spec.uri) == os.path.abspath(pkg.path)
-                or (
-                    spec.uri.startswith("file://")
-                    and os.path.abspath(pkg.path) == os.path.abspath(spec.uri[7:])
-                )
-                or (
-                    spec.uri.startswith("symlink://")
-                    and os.path.abspath(pkg.path) == os.path.abspath(spec.uri[10:])
-                )
-            ):
+            # local/symlinked folder mismatch
+            check_conds = [
+                os.path.abspath(spec.uri) == os.path.abspath(pkg.path),
+                spec.uri.startswith("file://")
+                and os.path.abspath(pkg.path) == os.path.abspath(spec.uri[7:]),
+                spec.uri.startswith("symlink://")
+                and os.path.abspath(pkg.path) == os.path.abspath(spec.uri[10:]),
+            ]
+            if any(check_conds):
                 return True
             if spec.uri != pkg.metadata.spec.uri:
                 return False