diff --git a/swift/lib/dependabot/swift/native_requirement.rb b/swift/lib/dependabot/swift/native_requirement.rb
index cde4864e7b94..246a2af585e5 100644
--- a/swift/lib/dependabot/swift/native_requirement.rb
+++ b/swift/lib/dependabot/swift/native_requirement.rb
@@ -2,13 +2,26 @@
 
 require "dependabot/utils"
 require "dependabot/swift/requirement"
-require "dependabot/swift/version"
 
 module Dependabot
   module Swift
     class NativeRequirement
       attr_reader :declaration
 
+      def self.map_requirements(requirements)
+        requirements.map do |requirement|
+          declaration = new(requirement[:metadata][:requirement_string])
+
+          new_declaration = yield(declaration)
+          new_requirement = new(new_declaration)
+
+          requirement.merge(
+            requirement: new_requirement.to_s,
+            metadata: { requirement_string: new_declaration }
+          )
+        end
+      end
+
       def initialize(declaration)
         @declaration = declaration
 
@@ -23,26 +36,24 @@ def to_s
         requirement.to_s
       end
 
-      def bump_to_satisfy(str)
-        version = Version.new(str)
+      def update_if_needed(version)
+        return declaration if requirement.satisfied_by?(version)
 
-        return self if requirement.satisfied_by?(version)
+        update(version)
+      end
 
-        new_declaration = if up_to_next_major?
-          new_version = min.end_with?(".0.0") ? "#{version.segments.first}.0.0" : str
-          declaration.sub(min, new_version)
+      def update(version)
+        if up_to_next_major?
+          declaration.sub(min, version.to_s)
         elsif up_to_next_minor?
-          new_version = min.end_with?(".0") ? "#{version.segments.first}.#{version.segments.second}.0" : str
-          declaration.sub(min, new_version)
+          declaration.sub(min, version.to_s)
         elsif inclusive_range?
-          declaration.sub(max, str)
+          declaration.sub(max, version.to_s)
         elsif exclusive_range?
-          declaration.sub(max, bump_major(str))
+          declaration.sub(max, bump_major(version.to_s))
         elsif exact_version?
-          declaration.sub(min, str)
+          declaration.sub(min, version.to_s)
         end
-
-        self.class.new(new_declaration)
       end
 
       private
diff --git a/swift/lib/dependabot/swift/update_checker.rb b/swift/lib/dependabot/swift/update_checker.rb
index ca5ed7c9040d..809db22a1a64 100644
--- a/swift/lib/dependabot/swift/update_checker.rb
+++ b/swift/lib/dependabot/swift/update_checker.rb
@@ -3,11 +3,13 @@
 require "dependabot/update_checkers"
 require "dependabot/update_checkers/base"
 require "dependabot/git_commit_checker"
+require "dependabot/swift/native_requirement"
 require "dependabot/swift/file_updater/manifest_updater"
 
 module Dependabot
   module Swift
     class UpdateChecker < Dependabot::UpdateCheckers::Base
+      require_relative "update_checker/requirements_updater"
       require_relative "update_checker/version_resolver"
 
       def latest_version
@@ -31,10 +33,11 @@ def lowest_resolvable_security_fix_version
       end
 
       def updated_requirements
-        map_requirements do |requirement|
-          parsed_requirement = NativeRequirement.new(requirement[:metadata][:requirement_string])
-          parsed_requirement.bump_to_satisfy(preferred_resolvable_version)
-        end
+        RequirementsUpdater.new(
+          requirements: old_requirements,
+          target_version: preferred_resolvable_version,
+          update_strategy: requirements_update_strategy
+        ).updated_requirements
       end
 
       def requirements_unlocked_or_can_be?
@@ -55,17 +58,6 @@ def old_requirements
         dependency.requirements
       end
 
-      def map_requirements
-        old_requirements.map do |old_requirement|
-          new_requirement = yield(old_requirement)
-
-          old_requirement.merge(
-            requirement: new_requirement.to_s,
-            metadata: { requirement_string: new_requirement.declaration }
-          )
-        end
-      end
-
       def fetch_latest_version
         return unless git_commit_checker.pinned_ref_looks_like_version? && latest_version_tag
 
@@ -96,14 +88,14 @@ def version_resolver_for(requirements)
       end
 
       def unlocked_requirements
-        map_requirements do |_old_requirement|
-          NativeRequirement.new("\"#{dependency.version}\"...\"#{latest_version}\"")
+        NativeRequirement.map_requirements(old_requirements) do |_old_requirement|
+          "\"#{dependency.version}\"...\"#{latest_version}\""
         end
       end
 
       def force_lowest_security_fix_requirements
-        map_requirements do |_old_requirement|
-          NativeRequirement.new("exact: \"#{lowest_security_fix_version}\"")
+        NativeRequirement.map_requirements(old_requirements) do |_old_requirement|
+          "exact: \"#{lowest_security_fix_version}\""
         end
       end
 
diff --git a/swift/lib/dependabot/swift/update_checker/requirements_updater.rb b/swift/lib/dependabot/swift/update_checker/requirements_updater.rb
new file mode 100644
index 000000000000..8fc2692135a6
--- /dev/null
+++ b/swift/lib/dependabot/swift/update_checker/requirements_updater.rb
@@ -0,0 +1,49 @@
+# frozen_string_literal: true
+
+require "dependabot/update_checkers/base"
+require "dependabot/swift/native_requirement"
+require "dependabot/swift/version"
+
+module Dependabot
+  module Swift
+    class UpdateChecker < Dependabot::UpdateCheckers::Base
+      class RequirementsUpdater
+        ALLOWED_UPDATE_STRATEGIES =
+          %i(lockfile_only bump_versions bump_versions_if_necessary).freeze
+
+        def initialize(requirements:, update_strategy:, target_version:)
+          @requirements = requirements
+          @update_strategy = update_strategy
+
+          check_update_strategy
+
+          return unless target_version && Version.correct?(target_version)
+
+          @target_version = Version.new(target_version)
+        end
+
+        def updated_requirements
+          return requirements if update_strategy == :lockfile_only
+
+          NativeRequirement.map_requirements(requirements) do |requirement|
+            if update_strategy == :bump_versions_if_necessary
+              requirement.update_if_needed(target_version)
+            else
+              requirement.update(target_version)
+            end
+          end
+        end
+
+        private
+
+        attr_reader :requirements, :update_strategy, :target_version
+
+        def check_update_strategy
+          return if ALLOWED_UPDATE_STRATEGIES.include?(update_strategy)
+
+          raise "Unknown update strategy: #{update_strategy}"
+        end
+      end
+    end
+  end
+end