diff --git a/news/4480.bugfix.rst b/news/4480.bugfix.rst
new file mode 100644
index 00000000..78896328
--- /dev/null
+++ b/news/4480.bugfix.rst
@@ -0,0 +1 @@
+Fix a bug that dist-info inside ``venv`` directory will be mistaken as the editable package's metadata.
diff --git a/news/4480.vendor.rst b/news/4480.vendor.rst
new file mode 100644
index 00000000..3d91b498
--- /dev/null
+++ b/news/4480.vendor.rst
@@ -0,0 +1 @@
+Update ``requirementslib`` from ``1.5.13`` to ``1.5.14``.
diff --git a/pipenv/vendor/requirementslib/__init__.py b/pipenv/vendor/requirementslib/__init__.py
index 69b65738..f8561e23 100644
--- a/pipenv/vendor/requirementslib/__init__.py
+++ b/pipenv/vendor/requirementslib/__init__.py
@@ -10,7 +10,7 @@ from .models.lockfile import Lockfile
 from .models.pipfile import Pipfile
 from .models.requirements import Requirement
 
-__version__ = "1.5.13"
+__version__ = "1.5.14"
 
 
 logger = logging.getLogger(__name__)
diff --git a/pipenv/vendor/requirementslib/models/setup_info.py b/pipenv/vendor/requirementslib/models/setup_info.py
index 4a5fe771..324a714b 100644
--- a/pipenv/vendor/requirementslib/models/setup_info.py
+++ b/pipenv/vendor/requirementslib/models/setup_info.py
@@ -465,6 +465,18 @@ class ScandirCloser(object):
             pass
 
 
+def _is_venv_dir(path):
+    # type: (AnyStr) -> bool
+    if os.name == "nt":
+        return os.path.isfile(os.path.join(path, "Scripts/python.exe")) or os.path.isfile(
+            os.path.join(path, "Scripts/activate")
+        )
+    else:
+        return os.path.isfile(os.path.join(path, "bin/python")) or os.path.isfile(
+            os.path.join(path, "bin/activate")
+        )
+
+
 def iter_metadata(path, pkg_name=None, metadata_type="egg-info"):
     # type: (AnyStr, Optional[AnyStr], AnyStr) -> Generator
     if pkg_name is not None:
@@ -472,6 +484,9 @@ def iter_metadata(path, pkg_name=None, metadata_type="egg-info"):
     dirs_to_search = [path]
     while dirs_to_search:
         p = dirs_to_search.pop(0)
+        # Skip when the directory is like a venv
+        if _is_venv_dir(p):
+            continue
         with contextlib.closing(ScandirCloser(p)) as path_iterator:
             for entry in path_iterator:
                 if entry.is_dir():
diff --git a/pipenv/vendor/vendor.txt b/pipenv/vendor/vendor.txt
index 51942bfb..205e794c 100644
--- a/pipenv/vendor/vendor.txt
+++ b/pipenv/vendor/vendor.txt
@@ -26,7 +26,7 @@ requests==2.23.0
     idna==2.9
     urllib3==1.25.9
     certifi==2020.4.5.1
-requirementslib==1.5.13
+requirementslib==1.5.14
     attrs==19.3.0
     distlib==0.3.0
     packaging==20.3