diff --git a/src/main/java/net/sf/jsqlparser/statement/ReturningClause.java b/src/main/java/net/sf/jsqlparser/statement/ReturningClause.java
index c37a6dfd5..1236ec449 100644
--- a/src/main/java/net/sf/jsqlparser/statement/ReturningClause.java
+++ b/src/main/java/net/sf/jsqlparser/statement/ReturningClause.java
@@ -15,6 +15,7 @@
 import java.util.Locale;
 import java.util.Map;
 import java.util.Objects;
+import java.util.function.Consumer;
 import net.sf.jsqlparser.expression.ExpressionVisitorAdapter;
 import net.sf.jsqlparser.schema.Column;
 import net.sf.jsqlparser.schema.MultiPartName;
@@ -86,6 +87,10 @@ public List<ReturningOutputAlias> getOutputAliases() {
     }
 
     public StringBuilder appendTo(StringBuilder builder) {
+        return appendTo(builder, item -> builder.append(item));
+    }
+
+    public StringBuilder appendTo(StringBuilder builder, Consumer<SelectItem<?>> itemPrinter) {
         builder.append(" ").append(keyword).append(" ");
         if (outputAliases != null && !outputAliases.isEmpty()) {
             builder.append("WITH (");
@@ -101,7 +106,7 @@ public StringBuilder appendTo(StringBuilder builder) {
             if (i > 0) {
                 builder.append(", ");
             }
-            builder.append(get(i));
+            itemPrinter.accept(get(i));
         }
 
         if (dataItems != null && !dataItems.isEmpty()) {
diff --git a/src/main/java/net/sf/jsqlparser/statement/StatementVisitorAdapter.java b/src/main/java/net/sf/jsqlparser/statement/StatementVisitorAdapter.java
index 1d4808641..ef5ed487f 100644
--- a/src/main/java/net/sf/jsqlparser/statement/StatementVisitorAdapter.java
+++ b/src/main/java/net/sf/jsqlparser/statement/StatementVisitorAdapter.java
@@ -296,6 +296,9 @@ public <S> T visit(Insert insert, S context) {
             expressionVisitor.visitUpdateSets(conflictAction.getUpdateSets(), context);
         }
 
+        if (insert.getConflictTarget() != null) {
+            insert.getConflictTarget().accept(expressionVisitor, context);
+        }
         visitReturningClause(insert.getReturningClause(), context);
         return null;
     }
@@ -457,6 +460,7 @@ public <S> T visit(Merge merge, S context) {
         expressionVisitor.visitExpression(merge.getOnCondition(), context);
         mergeOperationVisitor.visit(merge.getOperations(), context);
         selectVisitor.visitOutputClause(merge.getOutputClause(), context);
+        visitReturningClause(merge.getReturningClause(), context);
         return null;
     }
 
diff --git a/src/main/java/net/sf/jsqlparser/statement/create/table/Index.java b/src/main/java/net/sf/jsqlparser/statement/create/table/Index.java
index c57ad8389..0aa9bd896 100644
--- a/src/main/java/net/sf/jsqlparser/statement/create/table/Index.java
+++ b/src/main/java/net/sf/jsqlparser/statement/create/table/Index.java
@@ -331,6 +331,7 @@ public enum NullOrdering {
         public final String columnName;
         public final List<String> params;
         private final Expression expression;
+        private boolean expressionParenthesized = true;
         private String collation;
         private String operatorClass;
         private List<Option> operatorClassParameters;
@@ -386,6 +387,19 @@ public boolean isExpression() {
             return expression != null;
         }
 
+        public boolean isExpressionParenthesized() {
+            return expressionParenthesized;
+        }
+
+        public void setExpressionParenthesized(boolean expressionParenthesized) {
+            this.expressionParenthesized = expressionParenthesized;
+        }
+
+        public ColumnParams withExpressionParenthesized(boolean expressionParenthesized) {
+            setExpressionParenthesized(expressionParenthesized);
+            return this;
+        }
+
         public String getCollation() {
             return collation;
         }
@@ -461,9 +475,13 @@ public String toString() {
         /** Renders expression keys through the caller's expression printer. */
         public void appendTo(StringBuilder builder, Consumer<Expression> expressionPrinter) {
             if (expression != null) {
-                builder.append('(');
+                if (expressionParenthesized) {
+                    builder.append('(');
+                }
                 expressionPrinter.accept(expression);
-                builder.append(')');
+                if (expressionParenthesized) {
+                    builder.append(')');
+                }
             } else {
                 builder.append(columnName);
             }
diff --git a/src/main/java/net/sf/jsqlparser/statement/insert/Insert.java b/src/main/java/net/sf/jsqlparser/statement/insert/Insert.java
index 4920aec62..307d0384b 100644
--- a/src/main/java/net/sf/jsqlparser/statement/insert/Insert.java
+++ b/src/main/java/net/sf/jsqlparser/statement/insert/Insert.java
@@ -40,7 +40,12 @@ public class Insert implements Statement {
     private List<Partition> partitions;
     private Select select;
     private boolean onlyDefaultValues = false;
-    private boolean overriding = false;
+
+    public enum OverridingMode {
+        NONE, SYSTEM, USER
+    }
+
+    private OverridingMode overridingMode = OverridingMode.NONE;
     private List<UpdateSet> duplicateUpdateSets = null;
     private InsertModifierPriority modifierPriority = null;
     private boolean modifierIgnore = false;
@@ -226,12 +231,25 @@ public void setWithItemsList(List<WithItem<?>> withItemsList) {
         this.withItemsList = withItemsList;
     }
 
+    public OverridingMode getOverridingMode() {
+        return overridingMode;
+    }
+
+    public void setOverridingMode(OverridingMode overridingMode) {
+        this.overridingMode = java.util.Objects.requireNonNull(overridingMode);
+    }
+
+    public Insert withOverridingMode(OverridingMode overridingMode) {
+        setOverridingMode(overridingMode);
+        return this;
+    }
+
     public boolean isOverriding() {
-        return overriding;
+        return overridingMode != OverridingMode.NONE;
     }
 
     public void setOverriding(boolean overriding) {
-        this.overriding = overriding;
+        this.overridingMode = overriding ? OverridingMode.SYSTEM : OverridingMode.NONE;
     }
 
     public Insert withOverriding(boolean overriding) {
@@ -388,8 +406,8 @@ private void appendInsertTargetAndValues(StringBuilder sql) {
             sql.append(") ");
         }
 
-        if (overriding) {
-            sql.append("OVERRIDING SYSTEM VALUE ");
+        if (isOverriding()) {
+            sql.append("OVERRIDING ").append(overridingMode).append(" VALUE ");
         }
 
         if (partitions != null) {
diff --git a/src/main/java/net/sf/jsqlparser/statement/insert/InsertConflictTarget.java b/src/main/java/net/sf/jsqlparser/statement/insert/InsertConflictTarget.java
index 59c2d624c..8d9d49e23 100644
--- a/src/main/java/net/sf/jsqlparser/statement/insert/InsertConflictTarget.java
+++ b/src/main/java/net/sf/jsqlparser/statement/insert/InsertConflictTarget.java
@@ -10,6 +10,9 @@
 package net.sf.jsqlparser.statement.insert;
 
 import net.sf.jsqlparser.expression.Expression;
+import net.sf.jsqlparser.expression.ExpressionVisitor;
+import net.sf.jsqlparser.statement.create.table.Index;
+import java.util.function.Consumer;
 
 import java.io.Serializable;
 import java.util.*;
@@ -23,75 +26,145 @@
  *     ( { index_column_name | ( index_expression ) } [ COLLATE collation ] [ opclass ] [, ...] ) [ WHERE index_predicate ]
  *     ON CONSTRAINT constraint_name
  * </pre>
- * <p>
- * Currently, COLLATE is not supported yet.
  */
 public class InsertConflictTarget implements Serializable {
+    private final List<Index.ColumnParams> indexElements = new ArrayList<>();
+    private Expression whereExpression;
+    private String constraintName;
 
-    ArrayList<String> indexColumnNames = new ArrayList<>();
-    Expression indexExpression;
-    Expression whereExpression;
-    String constraintName;
+    public InsertConflictTarget() {}
 
     public InsertConflictTarget(String indexColumnName, Expression indexExpression,
             Expression whereExpression, String constraintName) {
-        this.indexColumnNames.add(indexColumnName);
-        this.indexExpression = indexExpression;
+        this(indexColumnName == null ? Collections.emptyList()
+                : Collections.singletonList(indexColumnName),
+                indexExpression, whereExpression, constraintName);
+    }
 
+    public InsertConflictTarget(Collection<String> indexColumnNames, Expression indexExpression,
+            Expression whereExpression, String constraintName) {
+        if (indexColumnNames != null && !indexColumnNames.isEmpty()) {
+            addAllIndexColumnNames(indexColumnNames);
+        } else if (indexExpression != null) {
+            setIndexExpression(indexExpression);
+        }
         this.whereExpression = whereExpression;
         this.constraintName = constraintName;
     }
 
-    public InsertConflictTarget(Collection<String> indexColumnName, Expression indexExpression,
-            Expression whereExpression, String constraintName) {
-        this.indexColumnNames.addAll(indexColumnName);
-        this.indexExpression = indexExpression;
+    /** Ordered column and expression keys, including their collation and operator class. */
+    public List<Index.ColumnParams> getIndexElements() {
+        return indexElements;
+    }
 
-        this.whereExpression = whereExpression;
-        this.constraintName = constraintName;
+    public void setIndexElements(List<Index.ColumnParams> elements) {
+        List<Index.ColumnParams> copy = new ArrayList<>(elements);
+        indexElements.clear();
+        indexElements.addAll(copy);
+    }
+
+    public InsertConflictTarget withIndexElements(List<Index.ColumnParams> elements) {
+        setIndexElements(elements);
+        return this;
     }
 
+    /** A mutable view of the column keys; expression keys are available via getIndexElements(). */
     public List<String> getIndexColumnNames() {
-        return indexColumnNames;
+        return new AbstractList<String>() {
+            private int elementIndex(int index) {
+                int columnIndex = 0;
+                for (int i = 0; i < indexElements.size(); i++) {
+                    if (!indexElements.get(i).isExpression() && columnIndex++ == index) {
+                        return i;
+                    }
+                }
+                throw new IndexOutOfBoundsException("Column index: " + index);
+            }
+
+            @Override
+            public String get(int index) {
+                return indexElements.get(elementIndex(index)).getColumnName();
+            }
+
+            @Override
+            public int size() {
+                return (int) indexElements.stream().filter(key -> !key.isExpression()).count();
+            }
+
+            @Override
+            public String set(int index, String name) {
+                return indexElements.set(elementIndex(index), new Index.ColumnParams(name))
+                        .getColumnName();
+            }
+
+            @Override
+            public void add(int index, String name) {
+                indexElements.add(index == size() ? indexElements.size() : elementIndex(index),
+                        new Index.ColumnParams(name));
+            }
+
+            @Override
+            public boolean addAll(Collection<? extends String> names) {
+                return addAll(size(), names);
+            }
+
+            @Override
+            public boolean addAll(int index, Collection<? extends String> names) {
+                int insertionIndex = index == size() ? indexElements.size() : elementIndex(index);
+                List<Index.ColumnParams> additions = new ArrayList<>();
+                for (String name : names) {
+                    additions.add(new Index.ColumnParams(name));
+                }
+                return indexElements.addAll(insertionIndex, additions);
+            }
+
+            @Override
+            public String remove(int index) {
+                return indexElements.remove(elementIndex(index)).getColumnName();
+            }
+        };
     }
 
     @Deprecated
     public String getIndexColumnName() {
-        return indexColumnNames.isEmpty() ? null : indexColumnNames.get(0);
+        return getIndexColumnName(0);
     }
 
     public String getIndexColumnName(int index) {
-        return indexColumnNames.size() > index ? indexColumnNames.get(index) : null;
+        List<String> names = getIndexColumnNames();
+        return names.size() > index ? names.get(index) : null;
     }
 
-    public boolean addIndexColumnName(String indexColumnName) {
-        this.indexExpression = null;
-        return this.indexColumnNames.add(indexColumnName);
+    public boolean addIndexColumnName(String name) {
+        indexElements.removeIf(Index.ColumnParams::isExpression);
+        return indexElements.add(new Index.ColumnParams(name));
     }
 
-    public InsertConflictTarget withIndexColumnName(String indexColumnName) {
-        this.indexExpression = null;
-        this.indexColumnNames.add(indexColumnName);
+    public InsertConflictTarget withIndexColumnName(String name) {
+        addIndexColumnName(name);
         return this;
     }
 
-    public boolean addAllIndexColumnNames(Collection<String> indexColumnName) {
-        this.indexExpression = null;
-        return this.indexColumnNames.addAll(indexColumnName);
+    public boolean addAllIndexColumnNames(Collection<String> names) {
+        indexElements.removeIf(Index.ColumnParams::isExpression);
+        return getIndexColumnNames().addAll(names);
     }
 
-
+    /** Returns the first expression key, or null for a column-only target. */
     public Expression getIndexExpression() {
-        return indexExpression;
+        return indexElements.stream().filter(Index.ColumnParams::isExpression)
+                .map(Index.ColumnParams::getExpression).findFirst().orElse(null);
     }
 
-    public void setIndexExpression(Expression indexExpression) {
-        this.indexExpression = indexExpression;
-        this.indexColumnNames.clear();
+    public void setIndexExpression(Expression expression) {
+        indexElements.clear();
+        if (expression != null) {
+            indexElements.add(new Index.ColumnParams(expression));
+        }
     }
 
-    public InsertConflictTarget withIndexExpression(Expression indexExpression) {
-        setIndexExpression(indexExpression);
+    public InsertConflictTarget withIndexExpression(Expression expression) {
+        setIndexExpression(expression);
         return this;
     }
 
@@ -121,35 +194,42 @@ public InsertConflictTarget withConstraintName(String constraintName) {
         return this;
     }
 
-    public StringBuilder appendTo(StringBuilder builder) {
-        if (constraintName == null) {
-            builder.append(" ( ");
-
-            // @todo: Index Expression is not supported yet
-            if (!indexColumnNames.isEmpty()) {
-                boolean insertComma = false;
-                for (String s : indexColumnNames) {
-                    builder.append(insertComma ? ", " : " ").append(s);
-                    insertComma |= true;
-                }
-            } else {
-                builder.append(" ( ").append(indexExpression).append(" )");
+    /** Visits expression keys and the optional index predicate. */
+    public <S> void accept(ExpressionVisitor<?> visitor, S context) {
+        for (Index.ColumnParams element : indexElements) {
+            if (element.getExpression() != null) {
+                element.getExpression().accept(visitor, context);
             }
-            builder.append(" ");
-
-            // @todo: Collate is not supported yet
+        }
+        if (whereExpression != null) {
+            whereExpression.accept(visitor, context);
+        }
+    }
 
-            builder.append(") ");
+    public StringBuilder appendTo(StringBuilder builder) {
+        return appendTo(builder, expression -> builder.append(expression));
+    }
 
-            if (whereExpression != null) {
-                builder.append(" WHERE ").append(whereExpression);
+    public StringBuilder appendTo(StringBuilder builder, Consumer<Expression> expressionPrinter) {
+        if (constraintName != null) {
+            return builder.append(" ON CONSTRAINT ").append(constraintName);
+        }
+        builder.append(" (");
+        for (int i = 0; i < indexElements.size(); i++) {
+            if (i > 0) {
+                builder.append(", ");
             }
-        } else {
-            builder.append(" ON CONSTRAINT ").append(constraintName);
+            indexElements.get(i).appendTo(builder, expressionPrinter);
+        }
+        builder.append(")");
+        if (whereExpression != null) {
+            builder.append(" WHERE ");
+            expressionPrinter.accept(whereExpression);
         }
         return builder;
     }
 
+    @Override
     public String toString() {
         return appendTo(new StringBuilder()).toString();
     }
diff --git a/src/main/java/net/sf/jsqlparser/statement/merge/Merge.java b/src/main/java/net/sf/jsqlparser/statement/merge/Merge.java
index 948a7d648..10b0123d3 100644
--- a/src/main/java/net/sf/jsqlparser/statement/merge/Merge.java
+++ b/src/main/java/net/sf/jsqlparser/statement/merge/Merge.java
@@ -14,6 +14,7 @@
 import net.sf.jsqlparser.expression.OracleHint;
 import net.sf.jsqlparser.schema.Table;
 import net.sf.jsqlparser.statement.OutputClause;
+import net.sf.jsqlparser.statement.ReturningClause;
 import net.sf.jsqlparser.statement.Statement;
 import net.sf.jsqlparser.statement.StatementVisitor;
 import net.sf.jsqlparser.statement.select.FromItem;
@@ -41,9 +42,23 @@ public class Merge implements Statement {
     private boolean insertFirst = false;
     private List<MergeOperation> operations;
 
+    private ReturningClause returningClause;
     private OutputClause outputClause;
     private OptionClause option;
 
+    public ReturningClause getReturningClause() {
+        return returningClause;
+    }
+
+    public Merge setReturningClause(ReturningClause returningClause) {
+        this.returningClause = returningClause;
+        return this;
+    }
+
+    public Merge withReturningClause(ReturningClause returningClause) {
+        return setReturningClause(returningClause);
+    }
+
     private void deriveOperationsFromStandardClauses() {
         List<MergeOperation> operations = new ArrayList<>();
         if (insertFirst) {
@@ -259,6 +274,10 @@ public String toString() {
             operations.forEach(b::append);
         }
 
+        if (returningClause != null) {
+            returningClause.appendTo(b);
+        }
+
         if (outputClause != null) {
             b.append(outputClause);
         }
diff --git a/src/main/java/net/sf/jsqlparser/util/TablesNamesFinder.java b/src/main/java/net/sf/jsqlparser/util/TablesNamesFinder.java
index 34270bc3a..2af716c71 100644
--- a/src/main/java/net/sf/jsqlparser/util/TablesNamesFinder.java
+++ b/src/main/java/net/sf/jsqlparser/util/TablesNamesFinder.java
@@ -1458,6 +1458,9 @@ public <S> Void visit(Insert insert, S context) {
         if (insert.getConflictAction() != null) {
             visitInsertAction(insert.getConflictAction(), context);
         }
+        if (insert.getConflictTarget() != null) {
+            insert.getConflictTarget().accept(this, context);
+        }
         visitOutputClause(insert.getOutputClause(), context);
         visitReturningClause(insert.getReturningClause(), context);
         if (insert.getSelect() != null) {
@@ -1786,6 +1789,7 @@ public <S> Void visit(Merge merge, S context) {
                 operation.accept(this, context);
             }
         }
+        visitReturningClause(merge.getReturningClause(), context);
         return null;
     }
 
diff --git a/src/main/java/net/sf/jsqlparser/util/deparser/ExpressionDeParser.java b/src/main/java/net/sf/jsqlparser/util/deparser/ExpressionDeParser.java
index 17ab206d6..698bc9014 100644
--- a/src/main/java/net/sf/jsqlparser/util/deparser/ExpressionDeParser.java
+++ b/src/main/java/net/sf/jsqlparser/util/deparser/ExpressionDeParser.java
@@ -842,7 +842,9 @@ public <S> StringBuilder visit(Column tableColumn, S context) {
                 tableName = table.getFullyQualifiedName();
             }
         }
-        if (tableName != null && !tableName.isEmpty()) {
+        if (tableColumn.getReturningQualifier() != null) {
+            builder.append(tableColumn.getReturningQualifier()).append(".");
+        } else if (tableName != null && !tableName.isEmpty()) {
             builder.append(tableName).append(tableColumn.getTableDelimiter());
         }
 
diff --git a/src/main/java/net/sf/jsqlparser/util/deparser/InsertDeParser.java b/src/main/java/net/sf/jsqlparser/util/deparser/InsertDeParser.java
index 901e32865..492c3c5ef 100644
--- a/src/main/java/net/sf/jsqlparser/util/deparser/InsertDeParser.java
+++ b/src/main/java/net/sf/jsqlparser/util/deparser/InsertDeParser.java
@@ -105,7 +105,7 @@ public void deParse(Insert insert) {
         }
 
         if (insert.isOverriding()) {
-            builder.append("OVERRIDING SYSTEM VALUE ");
+            builder.append(" OVERRIDING ").append(insert.getOverridingMode()).append(" VALUE");
         }
 
         if (insert.getPartitions() != null) {
@@ -147,7 +147,8 @@ public void deParse(Insert insert) {
             builder.append(" ON CONFLICT");
 
             if (insert.getConflictTarget() != null) {
-                insert.getConflictTarget().appendTo(builder);
+                insert.getConflictTarget().appendTo(builder,
+                        expression -> expression.accept(expressionVisitor, null));
             }
             insert.getConflictAction().appendTo(builder);
         }
diff --git a/src/main/java/net/sf/jsqlparser/util/deparser/MergeDeParser.java b/src/main/java/net/sf/jsqlparser/util/deparser/MergeDeParser.java
index 249f9c134..fba2c1775 100644
--- a/src/main/java/net/sf/jsqlparser/util/deparser/MergeDeParser.java
+++ b/src/main/java/net/sf/jsqlparser/util/deparser/MergeDeParser.java
@@ -60,6 +60,11 @@ public void deParse(Merge merge) {
             operations.forEach(operation -> operation.accept(this, null));
         }
 
+        if (merge.getReturningClause() != null) {
+            merge.getReturningClause().appendTo(builder,
+                    item -> item.accept(selectDeParser, null));
+        }
+
         if (merge.getOutputClause() != null) {
             merge.getOutputClause().appendTo(builder);
         }
diff --git a/src/main/java/net/sf/jsqlparser/util/validation/validator/InsertValidator.java b/src/main/java/net/sf/jsqlparser/util/validation/validator/InsertValidator.java
index 99f6ad3ea..717e10bf0 100644
--- a/src/main/java/net/sf/jsqlparser/util/validation/validator/InsertValidator.java
+++ b/src/main/java/net/sf/jsqlparser/util/validation/validator/InsertValidator.java
@@ -94,6 +94,10 @@ public void validate(Insert insert) {
             }
         }
 
+        if (insert.getConflictTarget() != null) {
+            insert.getConflictTarget().accept(getValidator(ExpressionValidator.class), null);
+        }
+
         if (insert.getReturningClause() != null) {
             SelectValidator v = getValidator(SelectValidator.class);
             insert.getReturningClause().forEach(c -> c.accept(v, null));
diff --git a/src/main/java/net/sf/jsqlparser/util/validation/validator/MergeValidator.java b/src/main/java/net/sf/jsqlparser/util/validation/validator/MergeValidator.java
index 79d84c6c6..9de0d2c46 100644
--- a/src/main/java/net/sf/jsqlparser/util/validation/validator/MergeValidator.java
+++ b/src/main/java/net/sf/jsqlparser/util/validation/validator/MergeValidator.java
@@ -27,6 +27,10 @@ public void validate(Merge merge) {
         for (ValidationCapability c : getCapabilities()) {
             validateFeature(c, Feature.merge);
         }
+        if (merge.getReturningClause() != null) {
+            SelectValidator validator = getValidator(SelectValidator.class);
+            merge.getReturningClause().forEach(item -> item.accept(validator, null));
+        }
         validateOptionalExpression(merge.getOnCondition());
         if (merge.getOperations() != null) {
             merge.getOperations().forEach(operation -> operation.accept(this, null));
diff --git a/src/main/jjtree/net/sf/jsqlparser/parser/JSqlParserCC.jjt b/src/main/jjtree/net/sf/jsqlparser/parser/JSqlParserCC.jjt
index 860ab3821..ee7e51e94 100644
--- a/src/main/jjtree/net/sf/jsqlparser/parser/JSqlParserCC.jjt
+++ b/src/main/jjtree/net/sf/jsqlparser/parser/JSqlParserCC.jjt
@@ -4640,11 +4640,15 @@ Insert Insert():
             ]   table=Table()
             [ LOOKAHEAD(2) <K_PARTITION> "(" partitions=Partitions() ")" ]
 
-            [ LOOKAHEAD({ isAliasAhead() }) [<K_AS> { useAs = true; } ] name=RelObjectName() { table.setAlias(new Alias(name,useAs)); }]
+            [ LOOKAHEAD({ isAliasAhead() && !(getToken(1).kind == K_OVERRIDING
+                    && (getToken(2).kind == K_SYSTEM || getToken(2).kind == K_USER)) })
+                [<K_AS> { useAs = true; } ] name=RelObjectName() { table.setAlias(new Alias(name,useAs)); }]
 
             [ LOOKAHEAD(2) "(" columns=ColumnList() ")"  ]
 
-            [ LOOKAHEAD(2) <K_OVERRIDING> <K_SYSTEM> <K_VALUE> { insert.setOverriding(true); } ]
+            [ LOOKAHEAD(2) <K_OVERRIDING>
+                ( <K_SYSTEM> { insert.setOverridingMode(Insert.OverridingMode.SYSTEM); }
+                | <K_USER> { insert.setOverridingMode(Insert.OverridingMode.USER); } ) <K_VALUE> ]
 
             [ outputClause = OutputClause() { insert.setOutputClause(outputClause); } ]
 
@@ -4762,35 +4766,46 @@ List<OracleMultiInsertClause> OracleMultiInsertClauseList():
     }
 }
 
-InsertConflictTarget  InsertConflictTarget():
+InsertConflictTarget InsertConflictTarget():
 {
-    String indexColumnName;
-    ArrayList<String> indexColumnNames = new ArrayList<String>();
-    Expression indexExpression = null;
-    Expression whereExpression = null;
-    String constraintName = null ;
+    InsertConflictTarget target = new InsertConflictTarget();
+    List<Index.ColumnParams> elements = new ArrayList<Index.ColumnParams>();
+    Index.ColumnParams element;
+    Expression whereExpression;
+    String constraintName;
 }
 {
     (
-        (
-            "("
-            indexColumnName = RelObjectNameExt() { indexColumnNames.add(indexColumnName); }
-            ( "," indexColumnName = RelObjectNameExt() { indexColumnNames.add(indexColumnName); } )*
-//            |
-//            (
-//                "(" indexExpression = Expression() ")"
-//            )
-
-            ")"
-            [ whereExpression = WhereClause() ]
-        )
+        "(" element=InsertConflictIndexElement() { elements.add(element); }
+        ( "," element=InsertConflictIndexElement() { elements.add(element); } )* ")"
+        { target.setIndexElements(elements); }
+        [ whereExpression=WhereClause() { target.setWhereExpression(whereExpression); } ]
         |
-        (
-         <K_ON> <K_CONSTRAINT> constraintName = RelObjectNameExt()
-        )
+        <K_ON> <K_CONSTRAINT> constraintName=RelObjectNameExt()
+        { target.setConstraintName(constraintName); }
     )
+    { return target; }
+}
 
-    { return new InsertConflictTarget(indexColumnNames, indexExpression, whereExpression, constraintName); }
+Index.ColumnParams InsertConflictIndexElement():
+{
+    Index.ColumnParams element;
+    String name;
+    Expression expression;
+    ObjectNames collation;
+    ObjectNames operatorClass;
+}
+{
+    (
+        LOOKAHEAD({ isFunctionAhead() }) expression=Function()
+        { element = new Index.ColumnParams(expression).withExpressionParenthesized(false); }
+        | name=RelObjectNameExt() { element = new Index.ColumnParams(name); }
+        | "(" expression=Expression() ")" { element = new Index.ColumnParams(expression); }
+    )
+    [ LOOKAHEAD(2) <K_COLLATE> collation=RelObjectNames()
+        { element.setCollation(new Table(collation.getNames()).getFullyQualifiedName()); } ]
+    [ LOOKAHEAD(2) operatorClass=RelObjectNames() { element.setOperatorClass(new Table(operatorClass.getNames()).getFullyQualifiedName()); } ]
+    { return element; }
 }
 
 InsertConflictAction InsertConflictAction():
@@ -4989,6 +5004,7 @@ Statement Merge( List<WithItem<?>> with ) : {
     Expression condition;
     List<MergeOperation> operations;
     OutputClause outputClause;
+    ReturningClause returningClause;
     OptionClause optionClause = null;
 }
 {
@@ -4998,6 +5014,8 @@ Statement Merge( List<WithItem<?>> with ) : {
 
     operations = MergeOperations() { merge.setOperations(operations); }
 
+    [ returningClause = ReturningClause() { merge.setReturningClause(returningClause); } ]
+
     [ outputClause = OutputClause() { merge.setOutputClause(outputClause); } ]
 
     [ LOOKAHEAD(2) optionClause = OptionClause() { merge.setOption(optionClause); } ]
diff --git a/src/test/java/net/sf/jsqlparser/statement/insert/PostgreSQLConflictTargetTest.java b/src/test/java/net/sf/jsqlparser/statement/insert/PostgreSQLConflictTargetTest.java
new file mode 100644
index 000000000..926f06da1
--- /dev/null
+++ b/src/test/java/net/sf/jsqlparser/statement/insert/PostgreSQLConflictTargetTest.java
@@ -0,0 +1,177 @@
+/*-
+ * #%L
+ * JSQLParser library
+ * %%
+ * Copyright (C) 2004 - 2026 JSQLParser
+ * %%
+ * Dual licensed under GNU LGPL 2.1 or Apache License 2.0
+ * #L%
+ */
+package net.sf.jsqlparser.statement.insert;
+
+import java.util.ArrayList;
+import net.sf.jsqlparser.expression.ExpressionVisitorAdapter;
+import net.sf.jsqlparser.statement.StatementVisitorAdapter;
+import net.sf.jsqlparser.statement.select.SelectVisitorAdapter;
+import net.sf.jsqlparser.util.deparser.SelectDeParser;
+
+import net.sf.jsqlparser.expression.Function;
+import net.sf.jsqlparser.parser.CCJSqlParserUtil;
+import net.sf.jsqlparser.schema.Column;
+import net.sf.jsqlparser.statement.create.table.Index;
+import net.sf.jsqlparser.test.TestUtils;
+import net.sf.jsqlparser.util.deparser.ExpressionDeParser;
+import net.sf.jsqlparser.util.deparser.StatementDeParser;
+import org.junit.jupiter.api.Test;
+import org.junit.jupiter.params.ParameterizedTest;
+import org.junit.jupiter.params.provider.ValueSource;
+
+import java.util.Arrays;
+import java.util.List;
+
+import static org.junit.jupiter.api.Assertions.*;
+
+class PostgreSQLConflictTargetTest {
+    @ParameterizedTest
+    @ValueSource(strings = {
+            "(id, (lower(email)))",
+            "(id, lower(email))",
+            "(pg_catalog.lower(email) COLLATE pg_catalog.\"C\" pg_catalog.text_pattern_ops, id)",
+            "((lower(email)), id, (abs(region))) WHERE active",
+            "(email COLLATE \"C\" text_pattern_ops, id)",
+            "((lower(email)) COLLATE pg_catalog.\"C\" pg_catalog.text_pattern_ops)",
+            "ON CONSTRAINT users_pkey"
+    })
+    void parsesAndReparsesConflictTargets(String target) throws Exception {
+        String sql = "INSERT INTO users (id, email) VALUES (1, 'a') ON CONFLICT "
+                + target + " DO UPDATE SET email = excluded.email RETURNING id";
+        Insert insert = (Insert) TestUtils.assertSqlCanBeParsedAndDeparsed(sql, true);
+        assertEquals(insert.toString(), CCJSqlParserUtil.parse(insert.toString()).toString());
+    }
+
+    @Test
+    void preservesFunctionKeyParentheses() throws Exception {
+        Insert insert = (Insert) TestUtils.assertSqlCanBeParsedAndDeparsed(
+                "INSERT INTO users VALUES (1) ON CONFLICT (lower(email), (abs(region))) DO NOTHING",
+                true);
+        List<Index.ColumnParams> keys = insert.getConflictTarget().getIndexElements();
+        assertInstanceOf(Function.class, keys.get(0).getExpression());
+        assertFalse(keys.get(0).isExpressionParenthesized());
+        assertTrue(keys.get(1).isExpressionParenthesized());
+    }
+
+    @ParameterizedTest
+    @ValueSource(strings = {"SYSTEM", "USER"})
+    void acceptsOverridingWithoutColumnList(String mode) throws Exception {
+        Insert insert = (Insert) TestUtils.assertSqlCanBeParsedAndDeparsed(
+                "INSERT INTO users OVERRIDING " + mode + " VALUE VALUES (42, 'a@example.org', 'A')",
+                true);
+        assertNull(insert.getTable().getAlias());
+        assertEquals(Insert.OverridingMode.valueOf(mode), insert.getOverridingMode());
+        TestUtils.assertSqlCanBeParsedAndDeparsed(
+                "INSERT INTO users overriding VALUES (1)", true);
+        TestUtils.assertSqlCanBeParsedAndDeparsed(
+                "INSERT INTO users AS overriding OVERRIDING " + mode
+                        + " VALUE SELECT * FROM source",
+                true);
+    }
+
+    @Test
+    void exposesOrderedTypedKeys() throws Exception {
+        Insert insert = (Insert) CCJSqlParserUtil.parse("INSERT INTO users VALUES (1) "
+                + "ON CONFLICT (id, (lower(email)) COLLATE pg_catalog.\"C\" "
+                + "pg_catalog.text_pattern_ops, region) WHERE active DO NOTHING");
+        InsertConflictTarget target = insert.getConflictTarget();
+        List<Index.ColumnParams> keys = target.getIndexElements();
+        assertEquals(3, keys.size());
+        assertEquals("id", keys.get(0).getColumnName());
+        assertInstanceOf(Function.class, keys.get(1).getExpression());
+        assertEquals("pg_catalog.\"C\"", keys.get(1).getCollation());
+        assertEquals("pg_catalog.text_pattern_ops", keys.get(1).getOperatorClass());
+        assertEquals(Arrays.asList("id", "region"), target.getIndexColumnNames());
+        assertNotNull(target.getWhereExpression());
+    }
+
+    @Test
+    void retainsMutableLegacyColumnViewAndReplacementMethods() throws Exception {
+        InsertConflictTarget target = new InsertConflictTarget("id", null, null, null);
+        List<String> names = target.getIndexColumnNames();
+        names.add("region");
+        names.set(0, "tenant");
+        names.remove(1);
+        assertEquals(" (tenant)", target.toString());
+        target.setIndexExpression(CCJSqlParserUtil.parseExpression("lower(email)"));
+        assertTrue(names.isEmpty());
+        assertNotNull(target.getIndexExpression());
+        target.withIndexColumnName("id").addAllIndexColumnNames(Arrays.asList("region", "tenant"));
+        assertNull(target.getIndexExpression());
+        assertEquals(Arrays.asList("id", "region", "tenant"), names);
+        names.clear();
+        assertTrue(target.getIndexElements().isEmpty());
+    }
+
+    @Test
+    void bulkColumnAdditionsSnapshotTheMutableView() {
+        InsertConflictTarget target = new InsertConflictTarget("id", null, null, null);
+        List<String> names = target.getIndexColumnNames();
+        assertTrue(target.addAllIndexColumnNames(names));
+        assertEquals(List.of("id", "id"), names);
+        assertTrue(names.addAll(names));
+        assertEquals(4, names.size());
+        assertTrue(names.addAll(1, names.subList(0, 2)));
+        assertEquals(6, names.size());
+        assertFalse(names.addAll(List.of()));
+    }
+
+    @Test
+    void statementVisitorTraversesTargetExpressions() throws Exception {
+        Insert insert = (Insert) CCJSqlParserUtil.parse("INSERT INTO users VALUES (1) "
+                + "ON CONFLICT ((lower(email))) WHERE active DO NOTHING");
+        List<String> columns = new ArrayList<>();
+        ExpressionVisitorAdapter<Void> expressions =
+                new ExpressionVisitorAdapter<Void>() {
+                    @Override
+                    public <S> Void visit(Column column, S context) {
+                        columns.add(column.getColumnName());
+                        return null;
+                    }
+                };
+        insert.accept(new StatementVisitorAdapter<Void>(
+                new SelectVisitorAdapter<>(expressions)), null);
+        assertEquals(List.of("email", "active"), columns);
+    }
+
+    @Test
+    void deparserVisitsConflictExpressionsAndPredicate() throws Exception {
+        Insert insert = (Insert) CCJSqlParserUtil.parse("INSERT INTO users VALUES (1) "
+                + "ON CONFLICT ((lower(email))) WHERE active DO NOTHING");
+        StringBuilder sql = new StringBuilder();
+        ExpressionDeParser expressions = new ExpressionDeParser() {
+            @Override
+            public <S> StringBuilder visit(Column column, S context) {
+                getBuilder().append("x_").append(column.getColumnName());
+                return getBuilder();
+            }
+        };
+        insert.accept(new StatementDeParser(expressions,
+                new SelectDeParser(), sql), null);
+        assertTrue(sql.toString().contains("lower(x_email)"), sql.toString());
+        assertTrue(sql.toString().contains("WHERE x_active"), sql.toString());
+    }
+
+    @ParameterizedTest
+    @ValueSource(strings = {"VALUES (1)", "SELECT id FROM source"})
+    void distinguishesOverridingModes(String source) throws Exception {
+        for (Insert.OverridingMode mode : Arrays.asList(Insert.OverridingMode.SYSTEM,
+                Insert.OverridingMode.USER)) {
+            Insert insert = (Insert) TestUtils.assertSqlCanBeParsedAndDeparsed(
+                    "INSERT INTO users (id) OVERRIDING " + mode + " VALUE " + source, true);
+            assertEquals(mode, insert.getOverridingMode());
+            assertTrue(insert.isOverriding());
+            insert.setOverriding(false);
+            assertEquals(Insert.OverridingMode.NONE, insert.getOverridingMode());
+            insert.setOverriding(true);
+            assertEquals(Insert.OverridingMode.SYSTEM, insert.getOverridingMode());
+        }
+    }
+}
diff --git a/src/test/java/net/sf/jsqlparser/statement/merge/PostgreSQLMergeReturningTest.java b/src/test/java/net/sf/jsqlparser/statement/merge/PostgreSQLMergeReturningTest.java
new file mode 100644
index 000000000..d1937bcf7
--- /dev/null
+++ b/src/test/java/net/sf/jsqlparser/statement/merge/PostgreSQLMergeReturningTest.java
@@ -0,0 +1,78 @@
+/*-
+ * #%L
+ * JSQLParser library
+ * %%
+ * Copyright (C) 2004 - 2026 JSQLParser
+ * %%
+ * Dual licensed under GNU LGPL 2.1 or Apache License 2.0
+ * #L%
+ */
+package net.sf.jsqlparser.statement.merge;
+
+import java.util.List;
+import java.util.ArrayList;
+import net.sf.jsqlparser.expression.ExpressionVisitorAdapter;
+import net.sf.jsqlparser.expression.Function;
+import net.sf.jsqlparser.statement.StatementVisitorAdapter;
+import net.sf.jsqlparser.statement.select.SelectVisitorAdapter;
+
+import net.sf.jsqlparser.parser.CCJSqlParserUtil;
+import net.sf.jsqlparser.schema.Column;
+import net.sf.jsqlparser.statement.ReturningReferenceType;
+import net.sf.jsqlparser.test.TestUtils;
+import net.sf.jsqlparser.util.TablesNamesFinder;
+import org.junit.jupiter.api.Test;
+import org.junit.jupiter.params.ParameterizedTest;
+import org.junit.jupiter.params.provider.ValueSource;
+
+import static org.junit.jupiter.api.Assertions.*;
+
+class PostgreSQLMergeReturningTest {
+    private static final String MERGE = "MERGE INTO products p USING incoming i ON p.id = i.id "
+            + "WHEN MATCHED THEN UPDATE SET price = i.price "
+            + "WHEN NOT MATCHED THEN INSERT (id, price) VALUES (i.id, i.price) ";
+
+    @ParameterizedTest
+    @ValueSource(strings = {"RETURNING *", "RETURNING merge_action(), p.id, old.price, new.price",
+            "RETURNING WITH (OLD AS o, NEW AS n) o.price, n.price, n.*"})
+    void parsesAndReparsesReturning(String returning) throws Exception {
+        Merge merge = (Merge) TestUtils.assertSqlCanBeParsedAndDeparsed(MERGE + returning, true);
+        assertNotNull(merge.getReturningClause());
+        assertEquals(merge.toString(), CCJSqlParserUtil.parse(merge.toString()).toString());
+    }
+
+    @Test
+    void normalizesOldAndNewReferences() throws Exception {
+        Merge merge = (Merge) CCJSqlParserUtil.parse(MERGE
+                + "RETURNING WITH (OLD AS o, NEW AS n) o.price, n.price");
+        Column oldPrice = merge.getReturningClause().get(0).getExpression(Column.class);
+        assertEquals(ReturningReferenceType.OLD, oldPrice.getReturningReferenceType());
+        assertNull(oldPrice.getTable());
+        assertEquals(ReturningReferenceType.NEW,
+                merge.getReturningClause().get(1).getExpression(Column.class)
+                        .getReturningReferenceType());
+    }
+
+    @Test
+    void statementVisitorTraversesReturningExpressions() throws Exception {
+        Merge merge = (Merge) CCJSqlParserUtil.parse(MERGE + "RETURNING merge_action()");
+        List<String> functions = new ArrayList<>();
+        ExpressionVisitorAdapter<Void> expressions =
+                new ExpressionVisitorAdapter<Void>() {
+                    @Override
+                    public <S> Void visit(Function function, S context) {
+                        functions.add(function.getName());
+                        return super.visit(function, context);
+                    }
+                };
+        merge.accept(new StatementVisitorAdapter<Void>(
+                new SelectVisitorAdapter<>(expressions)), null);
+        assertEquals(List.of("merge_action"), functions);
+    }
+
+    @Test
+    void discoversTablesInReturningSubquery() throws Exception {
+        assertTrue(TablesNamesFinder.findTables(MERGE
+                + "RETURNING (SELECT max(price) FROM history)").contains("history"));
+    }
+}