diff --git a/esphome/components/ethernet/__init__.py b/esphome/components/ethernet/__init__.py
index 6f0f3741dd52..f43abaf0d2dd 100644
--- a/esphome/components/ethernet/__init__.py
+++ b/esphome/components/ethernet/__init__.py
@@ -36,6 +36,7 @@
     "JL1101": EthernetType.ETHERNET_TYPE_JL1101,
     "KSZ8081": EthernetType.ETHERNET_TYPE_KSZ8081,
     "KSZ8081RNA": EthernetType.ETHERNET_TYPE_KSZ8081RNA,
+    "LAN867X": EthernetType.ETHERNET_TYPE_LAN867X,
 }
 
 emac_rmii_clock_mode_t = cg.global_ns.enum("emac_rmii_clock_mode_t")
diff --git a/esphome/components/ethernet/ethernet_component.cpp b/esphome/components/ethernet/ethernet_component.cpp
index 50d5855e6a0b..f46fa3897219 100644
--- a/esphome/components/ethernet/ethernet_component.cpp
+++ b/esphome/components/ethernet/ethernet_component.cpp
@@ -69,6 +69,12 @@ void EthernetComponent::setup() {
       this->phy_ = esp_eth_phy_new_lan87xx(&phy_config);
       break;
     }
+#if ESP_IDF_VERSION_MAJOR >= 5
+    case ETHERNET_TYPE_LAN867X: {
+      this->phy_ = esp_eth_phy_new_lan867x(&phy_config);
+      break;
+    }
+#endif
     case ETHERNET_TYPE_RTL8201: {
       this->phy_ = esp_eth_phy_new_rtl8201(&phy_config);
       break;
@@ -102,6 +108,8 @@ void EthernetComponent::setup() {
 
   esp_eth_config_t eth_config = ETH_DEFAULT_CONFIG(mac, this->phy_);
   this->eth_handle_ = nullptr;
+
+  ESP_LOGCONFIG(TAG, "Setting up Ethernet... pre install driver");
   err = esp_eth_driver_install(&eth_config, &this->eth_handle_);
   ESPHL_ERROR_CHECK(err, "ETH driver install error");
 
@@ -190,6 +198,12 @@ void EthernetComponent::dump_config() {
       eth_type = "LAN8720";
       break;
 
+#if ESP_IDF_VERSION_MAJOR >= 5
+    case ETHERNET_TYPE_LAN867X:
+      eth_type = "LAN867X";
+      break;
+#endif
+
     case ETHERNET_TYPE_RTL8201:
       eth_type = "RTL8201";
       break;
diff --git a/esphome/components/ethernet/ethernet_component.h b/esphome/components/ethernet/ethernet_component.h
index 11f50af966f0..0cc8878fecee 100644
--- a/esphome/components/ethernet/ethernet_component.h
+++ b/esphome/components/ethernet/ethernet_component.h
@@ -23,6 +23,9 @@ enum EthernetType {
   ETHERNET_TYPE_JL1101,
   ETHERNET_TYPE_KSZ8081,
   ETHERNET_TYPE_KSZ8081RNA,
+#if ESP_IDF_VERSION_MAJOR >= 5
+  ETHERNET_TYPE_LAN867X,
+#endif
 };
 
 struct ManualIP {
@@ -102,6 +105,10 @@ class EthernetComponent : public Component {
 extern EthernetComponent *global_eth_component;
 extern "C" esp_eth_phy_t *esp_eth_phy_new_jl1101(const eth_phy_config_t *config);
 
+#if ESP_IDF_VERSION_MAJOR >= 5
+extern "C" esp_eth_phy_t *esp_eth_phy_new_lan867x(const eth_phy_config_t *config);
+#endif
+
 }  // namespace ethernet
 }  // namespace esphome