diff --git a/mypy/semanal.py b/mypy/semanal.py
index efd656682bc7..45aa8ae39041 100644
--- a/mypy/semanal.py
+++ b/mypy/semanal.py
@@ -4936,7 +4936,7 @@ def process_typevar_parameters(
                     return None
             elif param_name == "bound":
                 if has_values:
-                    self.fail("TypeVar cannot have both values and an upper bound", context)
+                    self.fail("TypeVar cannot have both constraints and a bound", context)
                     return None
                 tv_arg = self.get_typevarlike_argument("TypeVar", param_name, param_value, context)
                 if tv_arg is None:
diff --git a/test-data/unit/semanal-errors.test b/test-data/unit/semanal-errors.test
index 7e1f737c61b2..26358958ce42 100644
--- a/test-data/unit/semanal-errors.test
+++ b/test-data/unit/semanal-errors.test
@@ -1062,7 +1062,7 @@ k = TypeVar('k', contravariant=1) # E: TypeVar "contravariant" may only be a lit
 
 [case testMoreInvalidTypevarArguments]
 from typing import TypeVar
-T = TypeVar('T', int, str, bound=bool) # E: TypeVar cannot have both values and an upper bound
+T = TypeVar('T', int, str, bound=bool) # E: TypeVar cannot have both constraints and a bound
 S = TypeVar('S', covariant=True, contravariant=True) \
     # E: TypeVar cannot be both covariant and contravariant
 [builtins fixtures/bool.pyi]