dracut fails to create the initramfs with "dracut module 'network-legacy' cannot be found or installed" message

Issue

• Unable to update to new kernel version with yum as transaction fails with:

dracut: dracut module 'network-legacy' cannot be found or installed.
warning: %posttrans(kernel-core-4.18.0-xx.xx.el8_3.x86_64) scriptlet failed, exit status 1

 Error in POSTTRANS scriptlet in rpm package kernel-core

dracut: dracut module 'network-legacy' cannot be found or installed.
warning: %posttrans(kernel-core-5.14.0-xxx.xx.x.el9_x.x86_64) scriptlet failed, exit status 1

Error in POSTTRANS scriptlet in rpm package kernel-core

dracut[E]: Module 'network-legacy' cannot be found.
/usr/lib/kernel/install.d/50-dracut.install failed with exit status 1.
warning: %posttrans(kernel-core-6.12.0-xx.xx.x.el10_0.x86_64) scriptlet failed, exit status 1

Error in POSTTRANS scriptlet in rpm package kernel-core