diff --git a/.github/actions/setup-relenv/action.yml b/.github/actions/setup-relenv/action.yml
index caa8b79dc54..1f228fd1822 100644
--- a/.github/actions/setup-relenv/action.yml
+++ b/.github/actions/setup-relenv/action.yml
@@ -22,7 +22,7 @@ inputs:
     required: false
     type: string
     description: The version of relenv to use
-    default: 0.12.1
+    default: 0.12.3
 
 outputs:
   version:
diff --git a/.github/workflows/build-deps-onedir.yml b/.github/workflows/build-deps-onedir.yml
index ab405a156a1..ad788929cf9 100644
--- a/.github/workflows/build-deps-onedir.yml
+++ b/.github/workflows/build-deps-onedir.yml
@@ -21,7 +21,7 @@ on:
       relenv-version:
         required: false
         type: string
-        default: 0.12.1
+        default: 0.12.3
         description: The version of relenv to use
       python-version-linux:
         required: false
diff --git a/.github/workflows/build-salt-onedir.yml b/.github/workflows/build-salt-onedir.yml
index 9e21e903c55..2b1b758b42f 100644
--- a/.github/workflows/build-salt-onedir.yml
+++ b/.github/workflows/build-salt-onedir.yml
@@ -21,7 +21,7 @@ on:
       relenv-version:
         required: false
         type: string
-        default: 0.12.1
+        default: 0.12.3
         description: The version of relenv to use
       python-version-linux:
         required: false
diff --git a/.github/workflows/ci.yml b/.github/workflows/ci.yml
index bdf6dbdfbd5..a18e21fcc5d 100644
--- a/.github/workflows/ci.yml
+++ b/.github/workflows/ci.yml
@@ -448,7 +448,7 @@ jobs:
       salt-version: "${{ needs.prepare-workflow.outputs.salt-version }}"
       self-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['self-hosted'] }}
       github-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['github-hosted'] }}
-      relenv-version: "0.12.1"
+      relenv-version: "0.12.3"
       python-version-linux: "3.10.11"
       python-version-macos: "3.10.11"
       python-version-windows: "3.10.11"
@@ -466,7 +466,7 @@ jobs:
       salt-version: "${{ needs.prepare-workflow.outputs.salt-version }}"
       self-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['self-hosted'] }}
       github-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['github-hosted'] }}
-      relenv-version: "0.12.1"
+      relenv-version: "0.12.3"
       python-version-linux: "3.10.11"
       python-version-macos: "3.10.11"
       python-version-windows: "3.10.11"
diff --git a/.github/workflows/nightly.yml b/.github/workflows/nightly.yml
index 9ca0ed5dd76..8291efe30fa 100644
--- a/.github/workflows/nightly.yml
+++ b/.github/workflows/nightly.yml
@@ -506,7 +506,7 @@ jobs:
       salt-version: "${{ needs.prepare-workflow.outputs.salt-version }}"
       self-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['self-hosted'] }}
       github-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['github-hosted'] }}
-      relenv-version: "0.12.1"
+      relenv-version: "0.12.3"
       python-version-linux: "3.10.11"
       python-version-macos: "3.10.11"
       python-version-windows: "3.10.11"
@@ -524,7 +524,7 @@ jobs:
       salt-version: "${{ needs.prepare-workflow.outputs.salt-version }}"
       self-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['self-hosted'] }}
       github-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['github-hosted'] }}
-      relenv-version: "0.12.1"
+      relenv-version: "0.12.3"
       python-version-linux: "3.10.11"
       python-version-macos: "3.10.11"
       python-version-windows: "3.10.11"
diff --git a/.github/workflows/scheduled.yml b/.github/workflows/scheduled.yml
index c1c515f890d..fda566fbb3e 100644
--- a/.github/workflows/scheduled.yml
+++ b/.github/workflows/scheduled.yml
@@ -491,7 +491,7 @@ jobs:
       salt-version: "${{ needs.prepare-workflow.outputs.salt-version }}"
       self-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['self-hosted'] }}
       github-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['github-hosted'] }}
-      relenv-version: "0.12.1"
+      relenv-version: "0.12.3"
       python-version-linux: "3.10.11"
       python-version-macos: "3.10.11"
       python-version-windows: "3.10.11"
@@ -509,7 +509,7 @@ jobs:
       salt-version: "${{ needs.prepare-workflow.outputs.salt-version }}"
       self-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['self-hosted'] }}
       github-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['github-hosted'] }}
-      relenv-version: "0.12.1"
+      relenv-version: "0.12.3"
       python-version-linux: "3.10.11"
       python-version-macos: "3.10.11"
       python-version-windows: "3.10.11"
diff --git a/.github/workflows/staging.yml b/.github/workflows/staging.yml
index ddc90088460..53f5fd62454 100644
--- a/.github/workflows/staging.yml
+++ b/.github/workflows/staging.yml
@@ -502,7 +502,7 @@ jobs:
       salt-version: "${{ needs.prepare-workflow.outputs.salt-version }}"
       self-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['self-hosted'] }}
       github-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['github-hosted'] }}
-      relenv-version: "0.12.1"
+      relenv-version: "0.12.3"
       python-version-linux: "3.10.11"
       python-version-macos: "3.10.11"
       python-version-windows: "3.10.11"
@@ -520,7 +520,7 @@ jobs:
       salt-version: "${{ needs.prepare-workflow.outputs.salt-version }}"
       self-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['self-hosted'] }}
       github-hosted-runners: ${{ fromJSON(needs.prepare-workflow.outputs.runners)['github-hosted'] }}
-      relenv-version: "0.12.1"
+      relenv-version: "0.12.3"
       python-version-linux: "3.10.11"
       python-version-macos: "3.10.11"
       python-version-windows: "3.10.11"
diff --git a/changelog/64192.fixed.md b/changelog/64192.fixed.md
index 505a945aa7c..c0433045506 100644
--- a/changelog/64192.fixed.md
+++ b/changelog/64192.fixed.md
@@ -1 +1 @@
-Add a `.pth` to the Salt onedir env to ensure packages in extras are importable. Bump relenv to 0.12.0.
+Add a `.pth` to the Salt onedir env to ensure packages in extras are importable. Bump relenv to 0.12.3.
diff --git a/cicd/shared-gh-workflows-context.yml b/cicd/shared-gh-workflows-context.yml
index 5acd767923d..ec3d939fe03 100644
--- a/cicd/shared-gh-workflows-context.yml
+++ b/cicd/shared-gh-workflows-context.yml
@@ -1,4 +1,4 @@
 python_version_linux: "3.10.11"
 python_version_macos: "3.10.11"
 python_version_windows: "3.10.11"
-relenv_version: "0.12.1"
+relenv_version: "0.12.3"