Google ID Token verification fails in PHP, but works with tokeninfo endpoint

Question

I'm encountering an issue verifying a Google ID token using the PHP API. The tokeninfo endpoint successfully verifies it, but $client->verifyIdToken($id_token) returns false in my PHP code. I have also downgraded my PHP version to 7.4

Questions:

1. Has anyone else faced this issue with PHP 7.4?
2. Are there known compatibility issues with specific library versions?
3. Are there additional troubleshooting steps I can try?

Any guidance would be greatly appreciated.

Here's an the code I am using:

<?php
require_once 'vendor/autoload.php';
      
// Get $id_token via HTTPS POST.

$CLIENT_ID = 'token-xxx-xxx-xxx-xx-000.apps.googleusercontent.com';
$id_token = $_POST['credential'];
$client = new Google_Client(['client_id' => $CLIENT_ID]);  
$payload = $client->verifyIdToken($id_token); //Not working

echo file_get_contents('https://oauth2.googleapis.com/tokeninfo?id_token='.$id_token); //Works

echo var_dump($payload); //false

if ($payload) {
  //$userid = $payload['sub'];
  // If request specified a G Suite domain:
   //$domain = $payload['hd'];
} else {
  // Invalid ID token
}
?>

Steps taken:

• Verified client ID is correct.
• Checked for error messages or exceptions.
• Inspected the $payload variable after verification.
• Verified network traffic to Google's servers.