Is it possible to use "module imports" inside webpack.config.ts itself?

Question

TLDR

Is is possible to use relative imports (like import foo from 'path/to/foo';) inside webpack.config.ts and other inner modules which are also imported in webpack.config.ts ?

Long description

It is commonly known how to configure Webpack and Typescript in a way that they begin to understand how to read so called module imports:

import app from 'app';

However, my webpack.config.ts itself contains imports from modules located inside src folder. Those modules, in turn, have other imports from another modules and so on. For instance:

// webpack.config.ts:

import wifiConnector from './src/libs/wifiConnector'; // Let it be absolute here.

export default (env: Environment) => {
    // Config uses wifiConnector.
}

// src/libs/wifiConnector:

import foo from 'utils/foo';

const wifiConnector = () => {
    // ...
}

export default wifiConnector;

When you try to run this kind of webpack configuration you get an error:

Failed to load 'webpack.config.ts' config

So it forces me to use absolute imports inside src/libs/wifiConnector too:

// src/libs/wifiConnector:

import foo from '../utils/foo'; // This works perfectly fine.

...

However, I want all imports inside src folder to be relative. Is it possible to accomplish?

I tried to google a solution, or at least the similar question asked but didn't have any luck.