diff --git a/spring-boot-project/spring-boot-autoconfigure/src/main/java/org/springframework/boot/autoconfigure/flyway/FlywayAutoConfiguration.java b/spring-boot-project/spring-boot-autoconfigure/src/main/java/org/springframework/boot/autoconfigure/flyway/FlywayAutoConfiguration.java
index 77f41f55a0..711a12bce7 100644
--- a/spring-boot-project/spring-boot-autoconfigure/src/main/java/org/springframework/boot/autoconfigure/flyway/FlywayAutoConfiguration.java
+++ b/spring-boot-project/spring-boot-autoconfigure/src/main/java/org/springframework/boot/autoconfigure/flyway/FlywayAutoConfiguration.java
@@ -188,6 +188,9 @@ public class FlywayAutoConfiguration {
 			map.from(properties.getPlaceholders()).to(configuration::placeholders);
 			map.from(properties.getPlaceholderPrefix()).to(configuration::placeholderPrefix);
 			map.from(properties.getPlaceholderSuffix()).to(configuration::placeholderSuffix);
+			// No method reference for compatibility with Flyway version < 8.0
+			map.from(properties.getPlaceholderSeparator())
+					.to((placeHolderSeparator) -> configuration.placeholderSeparator(placeHolderSeparator));
 			map.from(properties.isPlaceholderReplacement()).to(configuration::placeholderReplacement);
 			map.from(properties.getSqlMigrationPrefix()).to(configuration::sqlMigrationPrefix);
 			map.from(properties.getSqlMigrationSuffixes()).as(StringUtils::toStringArray)
diff --git a/spring-boot-project/spring-boot-autoconfigure/src/main/java/org/springframework/boot/autoconfigure/flyway/FlywayProperties.java b/spring-boot-project/spring-boot-autoconfigure/src/main/java/org/springframework/boot/autoconfigure/flyway/FlywayProperties.java
index 075b21fbb8..9829b53042 100644
--- a/spring-boot-project/spring-boot-autoconfigure/src/main/java/org/springframework/boot/autoconfigure/flyway/FlywayProperties.java
+++ b/spring-boot-project/spring-boot-autoconfigure/src/main/java/org/springframework/boot/autoconfigure/flyway/FlywayProperties.java
@@ -146,6 +146,11 @@ public class FlywayProperties {
 	 */
 	private String placeholderSuffix = "}";
 
+	/**
+	 * Separator of default placeholders.
+	 */
+	private String placeholderSeparator;
+
 	/**
 	 * Perform placeholder replacement in migration scripts.
 	 */
@@ -538,6 +543,14 @@ public class FlywayProperties {
 		this.placeholderSuffix = placeholderSuffix;
 	}
 
+	public String getPlaceholderSeparator() {
+		return this.placeholderSeparator;
+	}
+
+	public void setPlaceholderSeparator(String placeholderSeparator) {
+		this.placeholderSeparator = placeholderSeparator;
+	}
+
 	public boolean isPlaceholderReplacement() {
 		return this.placeholderReplacement;
 	}
diff --git a/spring-boot-project/spring-boot-autoconfigure/src/main/resources/META-INF/additional-spring-configuration-metadata.json b/spring-boot-project/spring-boot-autoconfigure/src/main/resources/META-INF/additional-spring-configuration-metadata.json
index c6583d470c..367b06ba72 100644
--- a/spring-boot-project/spring-boot-autoconfigure/src/main/resources/META-INF/additional-spring-configuration-metadata.json
+++ b/spring-boot-project/spring-boot-autoconfigure/src/main/resources/META-INF/additional-spring-configuration-metadata.json
@@ -923,6 +923,10 @@
       "name": "spring.flyway.lock-retry-count",
       "defaultValue": 50
     },
+    {
+      "name": "spring.flyway.placeholder-separator",
+      "defaultValue": ":"
+    },
     {
       "name": "spring.flyway.script-placeholder-prefix",
       "defaultValue": "FP__"