diff --git a/backend/query/insert_on_conflict_dml_execution.cc b/backend/query/insert_on_conflict_dml_execution.cc
index da250a2c..9fccd6ed 100644
--- a/backend/query/insert_on_conflict_dml_execution.cc
+++ b/backend/query/insert_on_conflict_dml_execution.cc
@@ -65,6 +65,7 @@ using googlesql::ResolvedColumnRef;
 using googlesql::ResolvedDMLValue;
 using googlesql::ResolvedInsertStmt;
 using googlesql::ResolvedOnConflictClauseEnums;
+using googlesql::ResolvedSubqueryExpr;
 }  // namespace
 
 absl::Status InsertOnConflictDoUpdateRewriter::VisitResolvedColumnRef(
@@ -88,7 +89,8 @@ absl::Status InsertOnConflictDoUpdateRewriter::VisitResolvedColumnRef(
   std::pair<const googlesql::Type*, int> column_info =
       column_ids_referenced_from_insert_row_.at(node->column().column_id());
   auto array_element_column_ref = googlesql::MakeResolvedColumnRef(
-      struct_column_holder_->type(), *struct_column_holder_, false);
+      struct_column_holder_->type(), *struct_column_holder_,
+      node->is_correlated());
   // Build RESOLVED_GET_STRUCT_FIELD to extract the column value from the
   // source STRUCT column.
   auto get_struct_field = googlesql::MakeResolvedGetStructField(
@@ -98,6 +100,59 @@ absl::Status InsertOnConflictDoUpdateRewriter::VisitResolvedColumnRef(
   return absl::OkStatus();
 }
 
+absl::Status InsertOnConflictDoUpdateRewriter::VisitResolvedSubqueryExpr(
+    const ResolvedSubqueryExpr* node) {
+  std::vector<std::unique_ptr<ResolvedColumnRef>> parameter_list;
+  parameter_list.reserve(node->parameter_list_size());
+  bool added_struct_column_holder = false;
+  for (const auto& parameter : node->parameter_list()) {
+    if (column_ids_referenced_from_insert_row_.contains(
+            parameter->column().column_id())) {
+      if (!added_struct_column_holder) {
+        // Replace the column references from insert row with the insert row
+        // value struct.
+        parameter_list.push_back(googlesql::MakeResolvedColumnRef(
+            struct_column_holder_->type(), *struct_column_holder_, false));
+        added_struct_column_holder = true;
+      }
+      continue;
+    }
+    GOOGLESQL_ASSIGN_OR_RETURN(std::unique_ptr<ResolvedColumnRef> parameter_copy,
+                       ProcessNode(parameter.get()));
+    parameter_list.push_back(std::move(parameter_copy));
+  }
+
+  GOOGLESQL_ASSIGN_OR_RETURN(std::unique_ptr<googlesql::ResolvedExpr> in_expr,
+                     ProcessNode(node->in_expr()));
+  GOOGLESQL_ASSIGN_OR_RETURN(std::unique_ptr<googlesql::ResolvedScan> subquery,
+                     ProcessNode(node->subquery()));
+
+  auto copy = googlesql::MakeResolvedSubqueryExpr(
+      node->type(), node->subquery_type(), std::move(parameter_list),
+      std::move(in_expr), std::move(subquery));
+  copy->set_type_annotation_map(node->type_annotation_map());
+  copy->set_in_collation(node->in_collation());
+
+  GOOGLESQL_ASSIGN_OR_RETURN(
+      std::vector<std::unique_ptr<googlesql::ResolvedOption>> hint_list,
+      ProcessNodeList(node->hint_list()));
+  copy->set_hint_list({std::make_move_iterator(hint_list.begin()),
+                       std::make_move_iterator(hint_list.end())});
+
+  const auto parse_location = node->GetParseLocationRangeOrNULL();
+  if (parse_location != nullptr) {
+    copy->SetParseLocationRange(*parse_location);
+  }
+  const auto operator_keyword_parse_location =
+      node->GetOperatorKeywordLocationRangeOrNULL();
+  if (operator_keyword_parse_location != nullptr) {
+    copy->SetOperatorKeywordLocationRange(*operator_keyword_parse_location);
+  }
+
+  PushNodeToStack(std::move(copy));
+  return absl::OkStatus();
+}
+
 absl::Status InsertOnConflictToInsertOrIgnoreRewriter::VisitResolvedInsertStmt(
     const ResolvedInsertStmt* node) {
   GOOGLESQL_RETURN_IF_ERROR(CopyVisitResolvedInsertStmt(node));
diff --git a/backend/query/insert_on_conflict_dml_execution.h b/backend/query/insert_on_conflict_dml_execution.h
index 47cd1ac1..51e75383 100644
--- a/backend/query/insert_on_conflict_dml_execution.h
+++ b/backend/query/insert_on_conflict_dml_execution.h
@@ -61,6 +61,8 @@ class InsertOnConflictDoUpdateRewriter
 
   absl::Status VisitResolvedColumnRef(
       const googlesql::ResolvedColumnRef* node) override;
+  absl::Status VisitResolvedSubqueryExpr(
+      const googlesql::ResolvedSubqueryExpr* node) override;
 
  private:
   // Map of column id(s) of columns referenced from the insert row (i.e. of the
diff --git a/backend/query/query_engine_test.cc b/backend/query/query_engine_test.cc
index 082724d9..c90a6213 100644
--- a/backend/query/query_engine_test.cc
+++ b/backend/query/query_engine_test.cc
@@ -1899,6 +1899,37 @@ TEST_P(QueryEngineTest, InsertOnConflictDoUpdateDml) {
   EXPECT_EQ(result.modified_row_count, 2);
 }
 
+TEST_P(QueryEngineTest, InsertOnConflictDoUpdateSubqueryCanReferenceExcluded) {
+  MockRowWriter writer;
+  EXPECT_CALL(
+      writer,
+      Write(Property(
+          &Mutation::ops,
+          UnorderedElementsAre(AllOf(
+              Field(&MutationOp::type, MutationOpType::kUpdate),
+              Field(&MutationOp::table, "test_table"),
+              Field(&MutationOp::columns,
+                    std::vector<std::string>{"int64_col", "string_col"}),
+              Field(&MutationOp::rows,
+                    UnorderedElementsAre(
+                        ValueList{Int64(1), String("one-ten")})))))))
+      .Times(1)
+      .WillOnce(Return(absl::OkStatus()));
+
+  GOOGLESQL_ASSERT_OK_AND_ASSIGN(
+      QueryResult result,
+      query_engine().ExecuteSql(
+          Query{"INSERT INTO test_table (int64_col, string_col) "
+                "VALUES(1, 'ten') "
+                "ON CONFLICT(int64_col) DO UPDATE SET string_col = "
+                "(SELECT CONCAT(t.string_col, '-', excluded.string_col) "
+                "FROM test_table t WHERE t.int64_col = 1)"},
+          QueryContext{schema(), reader(), &writer}));
+
+  ASSERT_EQ(result.rows, nullptr);
+  EXPECT_EQ(result.modified_row_count, 1);
+}
+
 TEST_P(QueryEngineTest, InsertOnConflictDoUpdateDmlWithReturning) {
   std::string returning =
       (GetParam() == POSTGRESQL) ? "RETURNING" : "THEN RETURN WITH ACTION";