diff --git a/eng/Version.Details.xml b/eng/Version.Details.xml
index d6564d6c4..a4c4559c3 100644
--- a/eng/Version.Details.xml
+++ b/eng/Version.Details.xml
@@ -8,12 +8,6 @@
       <SourceBuild RepoName="source-build-externals" ManagedOnly="true" />
     </Dependency>
     <!-- Intermediate is necessary for source build. -->
-    <Dependency Name="Microsoft.SourceBuild.Intermediate.source-build-reference-packages" Version="10.0.607103">
-      <Uri>https://github.com/dotnet/source-build-reference-packages</Uri>
-      <Sha>412f115947777b9babf97716a20b056d0d77b1b9</Sha>
-      <SourceBuild RepoName="source-build-reference-packages" ManagedOnly="true" />
-    </Dependency>
-    <!-- Intermediate is necessary for source build. -->
     <Dependency Name="Microsoft.SourceBuild.Intermediate.arcade" Version="10.0.0-beta.25126.4">
       <Uri>https://github.com/dotnet/arcade</Uri>
       <Sha>6d4b01bce3a29c172faff5abc0bfe2ae3d1fef3d</Sha>
diff --git a/src/referencePackages/Directory.Build.targets b/src/referencePackages/Directory.Build.targets
index fdd470f03..c56ebeab8 100644
--- a/src/referencePackages/Directory.Build.targets
+++ b/src/referencePackages/Directory.Build.targets
@@ -2,7 +2,22 @@
 
   <Import Project="..\..\Directory.Build.targets" />
 
+  <!-- netstandard2.0's targeting pack uses the old package reference model which doesn't support using a local layout.
+       Therefore disable the package reference download via DisableImplicitFrameworkReferences and manually import the
+       packages' targets file to receive the references. -->
+  <PropertyGroup Condition="'$(TargetFramework)' == 'netstandard2.0'">
+    <NETStandardLibraryArtifactsDir>$(ArtifactsBinDir)NETStandard.Library.2.0.3\pack\</NETStandardLibraryArtifactsDir>
+    <DisableImplicitFrameworkReferences>true</DisableImplicitFrameworkReferences>
+  </PropertyGroup>
+  <Import Project="$(NETStandardLibraryArtifactsDir)build\netstandard2.0\NETStandard.Library.targets" Condition="'$(TargetFramework)' == 'netstandard2.0' and '$(ExcludeRestorePackageImports)' != 'true' and Exists('$(NETStandardLibraryArtifactsDir)')" />
+
   <PropertyGroup>
+    <EnableTargetingPackDownload>false</EnableTargetingPackDownload>
+    <GenerateErrorForMissingTargetingPacks>false</GenerateErrorForMissingTargetingPacks>
+
+    <!-- Avoid transitive framework reference downloads to minimize the number of targeting packs and prebuilts. -->
+    <DisableTransitiveFrameworkReferenceDownloads>true</DisableTransitiveFrameworkReferenceDownloads>
+
     <!-- Disable RAR from transitively discovering dependencies for references. This is required as we don't copy
          dependencies over into the output directory which means RAR can't resolve them.
          This is also necessary to make P2Ps with same package ids but different versions work. -->
@@ -33,12 +48,6 @@
   <!-- Customization extension point -->
   <Import Project="$(CustomizationsPropsPath)" Condition="Exists('$(CustomizationsPropsPath)')" />
 
-  <PropertyGroup>
-    <!-- Avoid transitive framework reference downloads to minimize the number of targeting packs and prebuilts. -->
-    <DisableTransitiveFrameworkReferenceDownloads>true</DisableTransitiveFrameworkReferenceDownloads>
-    <!-- The SDK already sets the NETStandardImplicitPackageVersion and we don't expect it to change anymore. Hence, we don't encode it here. -->
-  </PropertyGroup>
-
   <!-- Keep in sync with available targeting packs under src/targetPacks/ILsrc. -->
   <ItemGroup>
     <KnownFrameworkReference Update="@(KnownFrameworkReference->WithMetadataValue('Identity', 'Microsoft.NETCore.App'))">
@@ -98,4 +107,13 @@
         '$(TargetFileName)'))" />
   </Target>
 
+  <!-- Use local targeting packs -->
+  <Target Name="UseLocalTargetingPack" AfterTargets="ResolveFrameworkReferences">
+    <ItemGroup>
+      <ResolvedTargetingPack Path="$(ArtifactsBinDir)%(ResolvedTargetingPack.NuGetPackageId).%(ResolvedTargetingPack.NuGetPackageVersion)\pack"
+                             PackageDirectory="$(ArtifactsBinDir)%(ResolvedTargetingPack.NuGetPackageId).%(ResolvedTargetingPack.NuGetPackageVersion)\pack" />
+      <ResolvedFrameworkReference TargetingPackPath="$(ArtifactsBinDir)%(ResolvedFrameworkReference.TargetingPackName).%(ResolvedFrameworkReference.TargetingPackVersion)\pack" />
+    </ItemGroup>
+  </Target>
+
 </Project>