diff --git a/lib/modules/manager/terraform/extractors/others/modules.spec.ts b/lib/modules/manager/terraform/extractors/others/modules.spec.ts
index 88c204c1b46826a3e03ff2640d563aff37e3ebb1..eb2ff9844bc401ed977f777bd36b26262a95e959 100644
--- a/lib/modules/manager/terraform/extractors/others/modules.spec.ts
+++ b/lib/modules/manager/terraform/extractors/others/modules.spec.ts
@@ -19,10 +19,24 @@ describe('modules/manager/terraform/extractors/others/modules', () => {
       const groups = githubRefMatchRegex.exec(
         'github.com/hashicorp/example?ref=v1.0.0'
       )?.groups;
+      const depth = githubRefMatchRegex.exec(
+        'github.com/hashicorp/example?depth=1&ref=v1.0.0'
+      )?.groups;
+      const depth2 = githubRefMatchRegex.exec(
+        'github.com/hashicorp/example?ref=v1.0.0&depth=1'
+      )?.groups;
       expect(groups).toEqual({
         project: 'hashicorp/example',
         tag: 'v1.0.0',
       });
+      expect(depth).toEqual({
+        project: 'hashicorp/example',
+        tag: 'v1.0.0',
+      });
+      expect(depth2).toEqual({
+        project: 'hashicorp/example',
+        tag: 'v1.0.0',
+      });
     });
 
     it('should parse alpha-numeric characters as well as dots, underscores, and dashes in repo names', () => {
@@ -47,6 +61,15 @@ describe('modules/manager/terraform/extractors/others/modules', () => {
       const ssh = gitTagsRefMatchRegex.exec(
         'ssh://github.com/hashicorp/example?ref=v1.0.0'
       )?.groups;
+      const depth = gitTagsRefMatchRegex.exec(
+        'ssh://github.com/hashicorp/example?depth=1&ref=v1.0.0'
+      )?.groups;
+      const depth2 = gitTagsRefMatchRegex.exec(
+        'ssh://github.com/hashicorp/example?ref=v1.0.0&depth=1'
+      )?.groups;
+      const folder = gitTagsRefMatchRegex.exec(
+        'git::ssh://git@git.example.com/modules/foo-module.git//bar?depth=1&ref=v1.0.0'
+      )?.groups;
 
       expect(http).toMatchObject({
         project: 'hashicorp/example',
@@ -60,6 +83,18 @@ describe('modules/manager/terraform/extractors/others/modules', () => {
         project: 'hashicorp/example',
         tag: 'v1.0.0',
       });
+      expect(depth).toMatchObject({
+        project: 'hashicorp/example',
+        tag: 'v1.0.0',
+      });
+      expect(depth2).toMatchObject({
+        project: 'hashicorp/example',
+        tag: 'v1.0.0',
+      });
+      expect(folder).toMatchObject({
+        project: '/bar',
+        tag: 'v1.0.0',
+      });
     });
 
     it('should parse alpha-numeric characters as well as dots, underscores, and dashes in repo names', () => {
@@ -113,6 +148,12 @@ describe('modules/manager/terraform/extractors/others/modules', () => {
       const subfolderWithDoubleSlash = bitbucketRefMatchRegex.exec(
         'bitbucket.org/hashicorp/example.git//terraform?ref=v1.0.0'
       )?.groups;
+      const depth = bitbucketRefMatchRegex.exec(
+        'git::https://git@bitbucket.org/hashicorp/example.git?depth=1&ref=v1.0.0'
+      )?.groups;
+      const depth2 = bitbucketRefMatchRegex.exec(
+        'git::https://git@bitbucket.org/hashicorp/example.git?ref=v1.0.0&depth=1'
+      )?.groups;
 
       expect(ssh).toMatchObject({
         workspace: 'hashicorp',
@@ -139,6 +180,16 @@ describe('modules/manager/terraform/extractors/others/modules', () => {
         project: 'example',
         tag: 'v1.0.0',
       });
+      expect(depth).toMatchObject({
+        workspace: 'hashicorp',
+        project: 'example',
+        tag: 'v1.0.0',
+      });
+      expect(depth2).toMatchObject({
+        workspace: 'hashicorp',
+        project: 'example',
+        tag: 'v1.0.0',
+      });
     });
 
     it('should parse alpha-numeric characters as well as dots, underscores, and dashes in repo names', () => {
@@ -200,6 +251,32 @@ describe('modules/manager/terraform/extractors/others/modules', () => {
       });
     });
 
+    it('should split organization, project, repository and tag from source url with depth argument', () => {
+      const depth = azureDevOpsSshRefMatchRegex.exec(
+        'git::git@ssh.dev.azure.com:v3/MyOrg/MyProject/MyRepository//some-module/path?depth=1&ref=1.0.0'
+      )?.groups;
+      const depth2 = azureDevOpsSshRefMatchRegex.exec(
+        'git::git@ssh.dev.azure.com:v3/MyOrg/MyProject/MyRepository//some-module/path?ref=1.0.0&depth=1'
+      )?.groups;
+
+      expect(depth).toEqual({
+        modulepath: '//some-module/path',
+        organization: 'MyOrg',
+        project: 'MyProject',
+        repository: 'MyRepository',
+        tag: '1.0.0',
+        url: 'git@ssh.dev.azure.com:v3/MyOrg/MyProject/MyRepository',
+      });
+      expect(depth2).toEqual({
+        modulepath: '//some-module/path',
+        organization: 'MyOrg',
+        project: 'MyProject',
+        repository: 'MyRepository',
+        tag: '1.0.0',
+        url: 'git@ssh.dev.azure.com:v3/MyOrg/MyProject/MyRepository',
+      });
+    });
+
     it('should parse alpha-numeric characters as well as dots, underscores, and dashes in repo names', () => {
       const dots = azureDevOpsSshRefMatchRegex.exec(
         'git::git@ssh.dev.azure.com:v3/MyOrg/MyProject/MyRepository//some-module/path?ref=v1.0.0'
diff --git a/lib/modules/manager/terraform/extractors/others/modules.ts b/lib/modules/manager/terraform/extractors/others/modules.ts
index 3eba9cc81aa02c4bea6d2b5d1108f5cec814807f..2c135d995d55f3569ce558b857d90b0c94472187 100644
--- a/lib/modules/manager/terraform/extractors/others/modules.ts
+++ b/lib/modules/manager/terraform/extractors/others/modules.ts
@@ -10,16 +10,16 @@ import { DependencyExtractor } from '../../base';
 import type { TerraformDefinitionFile } from '../../hcl/types';
 
 export const githubRefMatchRegex = regEx(
-  /github\.com([/:])(?<project>[^/]+\/[a-z0-9-_.]+).*\?ref=(?<tag>.*)$/i
+  /github\.com([/:])(?<project>[^/]+\/[a-z0-9-_.]+).*\?(depth=\d+&)?ref=(?<tag>.*?)(&depth=\d+)?$/i
 );
 export const bitbucketRefMatchRegex = regEx(
-  /(?:git::)?(?<url>(?:http|https|ssh)?(?::\/\/)?(?:.*@)?(?<path>bitbucket\.org\/(?<workspace>.*)\/(?<project>.*).git\/?(?<subfolder>.*)))\?ref=(?<tag>.*)$/
+  /(?:git::)?(?<url>(?:http|https|ssh)?(?::\/\/)?(?:.*@)?(?<path>bitbucket\.org\/(?<workspace>.*)\/(?<project>.*).git\/?(?<subfolder>.*)))\?(depth=\d+&)?ref=(?<tag>.*?)(&depth=\d+)?$/
 );
 export const gitTagsRefMatchRegex = regEx(
-  /(?:git::)?(?<url>(?:(?:http|https|ssh):\/\/)?(?:.*@)?(?<path>.*\/(?<project>.*\/.*)))\?ref=(?<tag>.*)$/
+  /(?:git::)?(?<url>(?:(?:http|https|ssh):\/\/)?(?:.*@)?(?<path>.*\/(?<project>.*\/.*)))\?(depth=\d+&)?ref=(?<tag>.*?)(&depth=\d+)?$/
 );
 export const azureDevOpsSshRefMatchRegex = regEx(
-  /(?:git::)?(?<url>git@ssh\.dev\.azure\.com:v3\/(?<organization>[^/]*)\/(?<project>[^/]*)\/(?<repository>[^/]*))(?<modulepath>.*)?\?ref=(?<tag>.*)$/
+  /(?:git::)?(?<url>git@ssh\.dev\.azure\.com:v3\/(?<organization>[^/]*)\/(?<project>[^/]*)\/(?<repository>[^/]*))(?<modulepath>.*)?\?(depth=\d+&)?ref=(?<tag>.*?)(&depth=\d+)?$/
 );
 const hostnameMatchRegex = regEx(/^(?<hostname>([\w|\d]+\.)+[\w|\d]+)/);