Bug while building NextJs - TypeError: Converting circular structure to JSON

[ngprnk]

What example does this report relate to?

nextjs

What version of Next.js are you using?

11.0.1

What version of Node.js are you using?

16.6.0

What browser are you using?

Chrome

What operating system are you using?

Big Sur MacOs 11.5.1

How are you deploying your application?

Netlify

Describe the Bug

> next build

info  - Using webpack 5. Reason: Enabled by default https://nextjs.org/docs/messages/webpack5
info  - Skipping validation of types
node:internal/child_process/serialization:127
    const string = JSONStringify(message) + '\n';
                   ^

TypeError: Converting circular structure to JSON
    --> starting at object with constructor 'Node'
    |     property 'imported' -> object with constructor 'Node'
    --- property 'parent' closes the circle
    at stringify (<anonymous>)
    at writeChannelMessage (node:internal/child_process/serialization:127:20)
    at process.target._send (node:internal/child_process:822:17)
    at process.target.send (node:internal/child_process:722:19)
    at reportError (/Users/nischalgautam/Desktop/projects/client/foodbusters-webapp/node_modules/jest-worker/build/workers/processChild.js:87:11)
    at reportClientError (/Users/nischalgautam/Desktop/projects/client/foodbusters-webapp/node_modules/jest-worker/build/workers/processChild.js:71:10)
node:internal/child_process/serialization:127
    const string = JSONStringify(message) + '\n';

Expected Behavior

Should compile and build properly

To Reproduce

Start a new nextJs project using npx for nextjs version 11.0.1