diff --git a/package.json b/package.json
index ba4c8bc98c..a8d29eca48 100644
--- a/package.json
+++ b/package.json
@@ -161,7 +161,7 @@
     "matrix-mock-request": "^1.2.3",
     "matrix-react-test-utils": "^0.2.2",
     "matrix-web-i18n": "github:matrix-org/matrix-web-i18n",
-    "@matrix-org/olm": "https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.2.tgz",
+    "@matrix-org/olm": "https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.3.tgz",
     "react-test-renderer": "^16.14.0",
     "rimraf": "^3.0.2",
     "stylelint": "^13.9.0",
diff --git a/yarn.lock b/yarn.lock
index a32b81af4b..fe106d7e7a 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1325,9 +1325,9 @@
     "@types/yargs" "^15.0.0"
     chalk "^4.0.0"
 
-"@matrix-org/olm@https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.2.tgz":
-  version "3.2.2"
-  resolved "https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.2.tgz#5e3d784461ca3bbeb791ac8f3c175375aeb81318"
+"@matrix-org/olm@https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.3.tgz":
+  version "3.2.3"
+  resolved "https://gitlab.matrix.org/api/v4/projects/27/packages/npm/@matrix-org/olm/-/@matrix-org/olm-3.2.3.tgz#cc332fdd25c08ef0e40f4d33fc3f822a0f98b6f4"
 
 "@nicolo-ribaudo/chokidar-2@2.1.8-no-fsevents":
   version "2.1.8-no-fsevents"