diff --git a/packages/next/build/webpack/loaders/next-serverless-loader.ts b/packages/next/build/webpack/loaders/next-serverless-loader.ts
index e905a6500695b..364bd279943dc 100644
--- a/packages/next/build/webpack/loaders/next-serverless-loader.ts
+++ b/packages/next/build/webpack/loaders/next-serverless-loader.ts
@@ -6,7 +6,6 @@ import { loader } from 'webpack'
 import { API_ROUTE } from '../../../lib/constants'
 import {
   BUILD_MANIFEST,
-  FONT_MANIFEST,
   REACT_LOADABLE_MANIFEST,
   ROUTES_MANIFEST,
 } from '../../../next-server/lib/constants'
@@ -59,10 +58,6 @@ const nextServerlessLoader: loader.Loader = function () {
     '/'
   )
   const routesManifest = join(distDir, ROUTES_MANIFEST).replace(/\\/g, '/')
-  const fontManifest = join(distDir, 'serverless', FONT_MANIFEST).replace(
-    /\\/g,
-    '/'
-  )
 
   const escapedBuildId = escapeRegexp(buildId)
   const pageIsDynamicRoute = isDynamicRoute(page)
@@ -441,7 +436,11 @@ const nextServerlessLoader: loader.Loader = function () {
 
         if (process.env.__NEXT_OPTIMIZE_FONTS) {
           renderOpts.optimizeFonts = true
-          renderOpts.fontManifest = require('${fontManifest}')
+          /**
+           * __webpack_require__.__NEXT_FONT_MANIFEST__ is added by
+           * font-stylesheet-gathering-plugin
+           */
+          renderOpts.fontManifest = __webpack_require__.__NEXT_FONT_MANIFEST__;
           process.env['__NEXT_OPTIMIZE_FONT'+'S'] = true
         }
         let result = await renderToHTML(req, res, "${page}", Object.assign({}, getStaticProps ? { ...(parsedUrl.query.amp ? { amp: '1' } : {}) } : parsedUrl.query, nowParams ? nowParams : params, _params, isFallback ? { __nextFallback: 'true' } : {}), renderOpts)
diff --git a/packages/next/build/webpack/plugins/font-stylesheet-gathering-plugin.ts b/packages/next/build/webpack/plugins/font-stylesheet-gathering-plugin.ts
index 7ffe92c0c309b..eaa224852d156 100644
--- a/packages/next/build/webpack/plugins/font-stylesheet-gathering-plugin.ts
+++ b/packages/next/build/webpack/plugins/font-stylesheet-gathering-plugin.ts
@@ -18,6 +18,7 @@ interface VisitorMap {
 export class FontStylesheetGatheringPlugin {
   compiler?: Compiler
   gatheredStylesheets: Array<string> = []
+  manifestContent: FontManifest = []
 
   private parserHandler = (
     factory: CompilationType.NormalModuleFactory
@@ -102,22 +103,42 @@ export class FontStylesheetGatheringPlugin {
       this.parserHandler
     )
     compiler.hooks.make.tapAsync(this.constructor.name, (compilation, cb) => {
+      // @ts-ignore
+      if (compilation.options.output.path.endsWith('serverless')) {
+        /**
+         * Inline font manifest for serverless case only.
+         * For target: server drive the manifest through physical file and less of webpack magic.
+         */
+        const mainTemplate = compilation.mainTemplate
+        mainTemplate.hooks.requireExtensions.tap(
+          this.constructor.name,
+          (source: string) => {
+            return `${source}
+                // Font manifest declaration
+                ${
+                  mainTemplate.requireFn
+                }.__NEXT_FONT_MANIFEST__ = ${JSON.stringify(
+              this.manifestContent
+            )};`
+          }
+        )
+      }
       compilation.hooks.finishModules.tapAsync(
         this.constructor.name,
         async (_: any, modulesFinished: Function) => {
           const fontDefinitionPromises = this.gatheredStylesheets.map((url) =>
             getFontDefinitionFromNetwork(url)
           )
-          let manifestContent: FontManifest = []
 
+          this.manifestContent = []
           for (let promiseIndex in fontDefinitionPromises) {
-            manifestContent.push({
+            this.manifestContent.push({
               url: this.gatheredStylesheets[promiseIndex],
               content: await fontDefinitionPromises[promiseIndex],
             })
           }
           compilation.assets['font-manifest.json'] = new RawSource(
-            JSON.stringify(manifestContent, null, '  ')
+            JSON.stringify(this.manifestContent, null, '  ')
           )
           modulesFinished()
         }
diff --git a/test/integration/font-optimization/test/index.test.js b/test/integration/font-optimization/test/index.test.js
index 49d66ee869f88..d1aa9fd66af5c 100644
--- a/test/integration/font-optimization/test/index.test.js
+++ b/test/integration/font-optimization/test/index.test.js
@@ -82,6 +82,10 @@ describe('Font optimization for SSR apps', () => {
       `module.exports = { experimental: {optimizeFonts: true} }`,
       'utf8'
     )
+
+    if (fs.pathExistsSync(join(appDir, '.next'))) {
+      await fs.remove(join(appDir, '.next'))
+    }
     await nextBuild(appDir)
     appPort = await findPort()
     app = await nextStart(appDir, appPort)
diff --git a/yarn.lock b/yarn.lock
index 98be228a82242..d60891083747e 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -7807,6 +7807,11 @@ he@1.1.1:
   resolved "https://registry.yarnpkg.com/he/-/he-1.1.1.tgz#93410fd21b009735151f8868c2f271f3427e23fd"
   integrity sha1-k0EP0hsAlzUVH4howvJx80J+I/0=
 
+he@1.1.1:
+  version "1.1.1"
+  resolved "https://registry.yarnpkg.com/he/-/he-1.1.1.tgz#93410fd21b009735151f8868c2f271f3427e23fd"
+  integrity sha1-k0EP0hsAlzUVH4howvJx80J+I/0=
+
 header-case@^1.0.0:
   version "1.0.1"
   resolved "https://registry.yarnpkg.com/header-case/-/header-case-1.0.1.tgz#9535973197c144b09613cd65d317ef19963bd02d"