diff --git a/packages/runtime-core/src/componentEmits.ts b/packages/runtime-core/src/componentEmits.ts
index db52bc88c33..7e4de02ad84 100644
--- a/packages/runtime-core/src/componentEmits.ts
+++ b/packages/runtime-core/src/componentEmits.ts
@@ -32,6 +32,7 @@ import {
 import type { ComponentTypeEmits } from './apiSetupHelpers'
 import { getModelModifiers } from './helpers/useModel'
 import type { ComponentPublicInstance } from './componentPublicInstance'
+import { DeprecationTypes, isCompatEnabled } from './compat/compatConfig'
 
 export type ObjectEmitsOptions = Record<
   string,
@@ -151,10 +152,14 @@ export function emit(
   }
 
   let args = rawArgs
-  const isModelListener = event.startsWith('update:')
+  const isModelListener =
+    __COMPAT__ && isCompatEnabled(DeprecationTypes.COMPONENT_V_MODEL, instance)
+      ? compatModelEventPrefix + event in props
+      : event.startsWith('update:')
 
   // for v-model update:xxx events, apply modifiers on args
-  const modifiers = isModelListener && getModelModifiers(props, event.slice(7))
+  const modifiers =
+    isModelListener && getModelModifiers(instance, props, event.slice(7))
   if (modifiers) {
     if (modifiers.trim) {
       args = rawArgs.map(a => (isString(a) ? a.trim() : a))
diff --git a/packages/runtime-core/src/helpers/useModel.ts b/packages/runtime-core/src/helpers/useModel.ts
index c40938ead3c..f8edd60c995 100644
--- a/packages/runtime-core/src/helpers/useModel.ts
+++ b/packages/runtime-core/src/helpers/useModel.ts
@@ -2,9 +2,11 @@ import { type Ref, customRef, ref } from '@vue/reactivity'
 import { EMPTY_OBJ, camelize, hasChanged, hyphenate } from '@vue/shared'
 import type { DefineModelOptions, ModelRef } from '../apiSetupHelpers'
 import { getCurrentInstance } from '../component'
+import type { ComponentInternalInstance } from '../component'
 import { warn } from '../warning'
 import type { NormalizedProps } from '../componentProps'
 import { watchSyncEffect } from '../apiWatch'
+import { DeprecationTypes, isCompatEnabled } from '../compat/compatConfig'
 
 export function useModel<
   M extends PropertyKey,
@@ -35,7 +37,7 @@ export function useModel(
   }
 
   const hyphenatedName = hyphenate(name)
-  const modifiers = getModelModifiers(props, camelizedName)
+  const modifiers = getModelModifiers(i, props, camelizedName)
 
   const res = customRef((track, trigger) => {
     let localValue: any
@@ -118,9 +120,17 @@ export function useModel(
 }
 
 export const getModelModifiers = (
+  instance: ComponentInternalInstance,
   props: Record<string, any>,
   modelName: string,
 ): Record<string, boolean> | undefined => {
+  if (
+    __COMPAT__ &&
+    isCompatEnabled(DeprecationTypes.COMPONENT_V_MODEL, instance)
+  ) {
+    return props.modelModifiers
+  }
+
   return modelName === 'modelValue' || modelName === 'model-value'
     ? props.modelModifiers
     : props[`${modelName}Modifiers`] ||
diff --git a/packages/vue-compat/__tests__/componentVModel.spec.ts b/packages/vue-compat/__tests__/componentVModel.spec.ts
index 7e498828715..5ef19954734 100644
--- a/packages/vue-compat/__tests__/componentVModel.spec.ts
+++ b/packages/vue-compat/__tests__/componentVModel.spec.ts
@@ -82,4 +82,62 @@ describe('COMPONENT_V_MODEL', () => {
       template: `<input :value="input" @input="$emit('update', $event.target.value)">`,
     })
   })
+
+  async function runTestWithModifier(CustomInput: ComponentOptions) {
+    const vm = new Vue({
+      data() {
+        return {
+          text: ' foo ',
+        }
+      },
+      components: {
+        CustomInput,
+      },
+      template: `
+      <div>
+        <span>{{ text }}</span>
+        <custom-input v-model.trim="text"></custom-input>
+      </div>
+      `,
+    }).$mount() as any
+
+    const input = vm.$el.querySelector('input')
+    const span = vm.$el.querySelector('span')
+
+    expect(input.value).toBe(' foo ')
+    expect(span.textContent).toBe(' foo ')
+
+    expect(
+      (deprecationData[DeprecationTypes.COMPONENT_V_MODEL].message as Function)(
+        CustomInput,
+      ),
+    ).toHaveBeenWarned()
+
+    input.value = ' bar '
+    triggerEvent(input, 'input')
+    await nextTick()
+
+    expect(input.value).toBe('bar')
+    expect(span.textContent).toBe('bar')
+  }
+
+  test('with model modifiers', async () => {
+    await runTestWithModifier({
+      name: 'CustomInput',
+      props: ['value'],
+      template: `<input :value="value" @input="$emit('input', $event.target.value)">`,
+    })
+  })
+
+  test('with model modifiers and model option', async () => {
+    await runTestWithModifier({
+      name: 'CustomInput',
+      props: ['foo'],
+      model: {
+        prop: 'foo',
+        event: 'bar',
+      },
+      template: `<input :value="foo" @input="$emit('bar', $event.target.value)">`,
+    })
+  })
 })