diff --git a/CHANGELOG.md b/CHANGELOG.md
index 414cdc5c5a3..683086248b8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -596,3 +596,6 @@ Released with 1.0.0-beta.37 code base.
 -  Update node version on actions to fix breaking mosaic test (#5354) 
 -  Start incrementing jsonrpc.id from random number (#5327)
 -  `web3-eth-contract`'s `call` and `send` methods no longer mutate `options` argument (#5394)
+
+### Added
+-  Add missing function type "receive" in `AbiType` (#5165)
diff --git a/packages/web3-utils/types/index.d.ts b/packages/web3-utils/types/index.d.ts
index a9b436a92f9..0fd436e5152 100644
--- a/packages/web3-utils/types/index.d.ts
+++ b/packages/web3-utils/types/index.d.ts
@@ -212,7 +212,7 @@ export interface Units {
     tether: string;
 }
 
-export type AbiType = 'function' | 'constructor' | 'event' | 'fallback';
+export type AbiType = 'function' | 'constructor' | 'event' | 'fallback' | 'receive';
 export type StateMutabilityType = 'pure' | 'view' | 'nonpayable' | 'payable';
 
 export interface AbiItem {