diff --git a/packages/eslint-plugin/docs/rules/explicit-function-return-type.md b/packages/eslint-plugin/docs/rules/explicit-function-return-type.md
index 3cafe4224eb8..9e5b4c841bf2 100644
--- a/packages/eslint-plugin/docs/rules/explicit-function-return-type.md
+++ b/packages/eslint-plugin/docs/rules/explicit-function-return-type.md
@@ -69,6 +69,8 @@ type Options = {
   allowTypedFunctionExpressions?: boolean;
   // if true, functions immediately returning another function expression will not be checked
   allowHigherOrderFunctions?: boolean;
+  // if true, arrow functions immediately returning a `as const` value will not be checked
+  allowDirectConstAssertionInArrowFunctions?: boolean;
   // if true, concise arrow functions that start with the void keyword will not be checked
   allowConciseArrowFunctionExpressionsStartingWithVoid?: boolean;
 };
@@ -77,6 +79,7 @@ const defaults = {
   allowExpressions: false,
   allowTypedFunctionExpressions: true,
   allowHigherOrderFunctions: true,
+  allowDirectConstAssertionInArrowFunctions: true,
   allowConciseArrowFunctionExpressionsStartingWithVoid: true,
 };
 ```
@@ -201,6 +204,22 @@ function fn() {
 }
 ```
 
+### `allowDirectConstAssertionInArrowFunctions`
+
+Examples of **incorrect** code for this rule with `{ allowDirectConstAssertionInArrowFunctions: true }`:
+
+```ts
+const func = (value: number) => ({ type: 'X', value } as any);
+const func = (value: number) => ({ type: 'X', value } as Action);
+```
+
+Examples of **correct** code for this rule with `{ allowDirectConstAssertionInArrowFunctions: true }`:
+
+```ts
+const func = (value: number) => ({ foo: 'bar', value } as const);
+const func = () => x as const;
+```
+
 ### `allowConciseArrowFunctionExpressionsStartingWithVoid`
 
 Examples of **incorrect** code for this rule with `{ allowConciseArrowFunctionExpressionsStartingWithVoid: true }`: