diff --git a/lib/live_select.ex b/lib/live_select.ex
index 3ab370e..bf1cc80 100644
--- a/lib/live_select.ex
+++ b/lib/live_select.ex
@@ -417,6 +417,10 @@ defmodule LiveSelect do
     doc:
       "one of `:tailwind`, `:daisyui` or `:none`. See the [Styling section](styling.html) for details"
 
+  slot(:caret, doc: "optional slot for rendering a caret when no option has been selected.") do
+    attr :class, :list
+  end
+
   slot(:option,
     doc:
       "optional slot that renders an option in the dropdown. The option's data is available via `:let`"
diff --git a/lib/live_select/component.ex b/lib/live_select/component.ex
index 8ff2cc0..92286ad 100644
--- a/lib/live_select/component.ex
+++ b/lib/live_select/component.ex
@@ -363,6 +363,7 @@ defmodule LiveSelect.Component do
           :"phx-focus",
           :option,
           :tag,
+          :caret,
           :clear_button,
           :hide_dropdown,
           :value_mapper,
diff --git a/lib/live_select/component.html.heex b/lib/live_select/component.html.heex
index a4ecd3a..4e519ba 100644
--- a/lib/live_select/component.html.heex
+++ b/lib/live_select/component.html.heex
@@ -76,6 +76,9 @@
         <% end %>
       </button>
     <% end %>
+    <%= if @mode == :single && @caret != [] && @selection == [] do %>
+      <div :for={caret <- @caret} class={caret[:class]}><%= render_slot(caret) %></div>
+    <% end %>
   </div>
   <%= if @mode == :single do %>
     <%= hidden_input(@field.form, @field.field,