diff --git a/conan/tools/microsoft/toolchain.py b/conan/tools/microsoft/toolchain.py
index ab92b3e28e2..30d9df71dae 100644
--- a/conan/tools/microsoft/toolchain.py
+++ b/conan/tools/microsoft/toolchain.py
@@ -5,15 +5,16 @@
 from jinja2 import Template
 
 from conan.internal import check_duplicated_generator
+from conan.internal.api.detect.detect_vs import vs_installation_path
 from conan.tools.build import build_jobs
 from conan.tools.intel.intel_cc import IntelCC
 from conan.tools.microsoft.visual import VCVars, msvs_toolset, msvc_runtime_flag, \
-    msvc_platform_from_arch
+    msvc_platform_from_arch, vs_ide_version
 from conan.errors import ConanException
 from conan.internal.util.files import save, load
 
 
-class MSBuildToolchain(object):
+class MSBuildToolchain:
     """
     MSBuildToolchain class generator
     """
@@ -23,6 +24,9 @@ class MSBuildToolchain(object):
     _config_toolchain_props = textwrap.dedent("""\
         <?xml version="1.0" encoding="utf-8"?>
         <Project xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
+          {% if toolset_version_full_path %}
+          <Import Project="{{toolset_version_full_path}}" />
+          {% endif %}
           <ItemDefinitionGroup>
             <ClCompile>
               <PreprocessorDefinitions>{{ defines }}%(PreprocessorDefinitions)</PreprocessorDefinitions>
@@ -76,6 +80,7 @@ def __init__(self, conanfile):
         #: setting, else, it'll be based on ``msvc`` version.
         self.toolset = msvs_toolset(conanfile)
         self.properties = {}
+        self.toolset_version_full_path = _get_toolset_props(conanfile)
 
     def _name_condition(self, settings):
         platform = msvc_platform_from_arch(settings.get_safe("arch"))
@@ -156,7 +161,8 @@ def format_macro(key, value):
             "compile_options": compile_options,
             "parallel": parallel,
             "properties": self.properties,
-            "winsdk_version": winsdk_version
+            "winsdk_version": winsdk_version,
+            "toolset_version_full_path": self.toolset_version_full_path
         }
 
     def _write_config_toolchain(self, config_filename):
@@ -217,3 +223,29 @@ def _get_extra_flags(self):
         exelinkflags = self._conanfile.conf.get("tools.build:exelinkflags", default=[], check_type=list)
         defines = self._conanfile.conf.get("tools.build:defines", default=[], check_type=list)
         return cxxflags, cflags, defines, sharedlinkflags, exelinkflags
+
+
+def _get_toolset_props(conanfile):
+    msvc_update = conanfile.conf.get("tools.microsoft:msvc_update")
+    compiler_update = msvc_update or conanfile.settings.get_safe("compiler.update")
+    if compiler_update is None:
+        return
+
+    vs_version = vs_ide_version(conanfile)
+    if int(vs_version) <= 14:
+        return
+    vs_install_path = conanfile.conf.get("tools.microsoft.msbuild:installation_path")
+    vs_path = vs_install_path or vs_installation_path(vs_version)
+    if not vs_path or not os.path.isdir(vs_path):
+        return
+
+    basebuild = os.path.normpath(os.path.join(vs_path, "VC/Auxiliary/Build"))
+    # The equivalent of compiler 19.26 is toolset 14.26
+    compiler_version = str(conanfile.settings.compiler.version)
+    vcvars_ver = "14.{}{}".format(compiler_version[-1], compiler_update)
+    for folder in os.listdir(basebuild):
+        if not os.path.isdir(os.path.join(basebuild, folder)):
+            continue
+        if folder.startswith(vcvars_ver):
+            result = folder
+            return os.path.join(basebuild, result, f"Microsoft.VCToolsVersion.{result}.props")
diff --git a/test/functional/toolchains/microsoft/test_msbuildtoolchain.py b/test/functional/toolchains/microsoft/test_msbuildtoolchain.py
index 60b1d32893b..a3ee9168bd4 100644
--- a/test/functional/toolchains/microsoft/test_msbuildtoolchain.py
+++ b/test/functional/toolchains/microsoft/test_msbuildtoolchain.py
@@ -48,3 +48,16 @@ def test_msbuildtoolchain_winsdk_version():
     # I have verified also opening VS IDE that the setting is correctly configured
     # because the test always run over vcvars that already activates it
     assert "amd64 - winsdk_version=10.0 - vcvars_ver=14.3" in client.out
+
+
+@pytest.mark.skipif(platform.system() != "Windows", reason="Requires Windows")
+def test_msbuildtoolchain_compiler_update():
+    # It only works for update=8, because 19.38 is the compiler in Github actions!
+    client = TestClient(path_with_spaces=False)
+    client.run("new msbuild_lib -d name=hello -d version=0.1")
+    #  conantoolchain.props is already imported in the msbuild_exe tempalte
+    client.run("create . -s arch=x86_64 -s compiler.version=193 -s compiler.update=8")
+    # I have verified also opening VS IDE that the setting is correctly configured
+    # because the test always run over vcvars that already activates it
+    assert "amd64 - winsdk_version=None - vcvars_ver=14.38" in client.out
+    assert "hello/0.1: _MSC_VER1938" in client.out
diff --git a/test/unittests/tools/microsoft/test_msbuild.py b/test/unittests/tools/microsoft/test_msbuild.py
index 777cc888736..57819abd124 100644
--- a/test/unittests/tools/microsoft/test_msbuild.py
+++ b/test/unittests/tools/microsoft/test_msbuild.py
@@ -54,6 +54,7 @@ def test_msbuild_toolset():
                          "os": ["Windows"],
                          "arch": ["x86_64"]})
     conanfile = ConanFile(None)
+    conanfile.conf = Conf()
     conanfile.settings = "os", "compiler", "build_type", "arch"
     conanfile.settings = settings
     conanfile.settings.build_type = "Release"
@@ -77,6 +78,7 @@ def test_msbuild_toolset():
 ])
 def test_msbuild_toolset_for_intel_cc(mode, expected_toolset):
     conanfile = ConanFile()
+    conanfile.conf = Conf()
     conanfile.settings = "os", "compiler", "build_type", "arch"
     conanfile.settings = Settings({"build_type": ["Release"],
                                    "compiler": {"intel-cc": {"version": ["2021.3"], "mode": [mode]},
@@ -277,4 +279,4 @@ def test_msbuildtoolchain_changing_flags_via_attributes():
     </ResourceCompile>"""
     assert expected_cl_compile in toolchain
     assert expected_link in toolchain
-    assert expected_resource_compile in toolchain
\ No newline at end of file
+    assert expected_resource_compile in toolchain