diff --git a/package.json b/package.json
index 075036b5cd..928e6268b2 100644
--- a/package.json
+++ b/package.json
@@ -62,7 +62,7 @@
     "matrix-js-sdk": "github:matrix-org/matrix-js-sdk#develop",
     "matrix-react-sdk": "github:matrix-org/matrix-react-sdk#develop",
     "matrix-widget-api": "^0.1.0-beta.14",
-    "@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",
     "prop-types": "^15.7.2",
     "react": "^16.14.0",
     "react-dom": "^16.14.0",
diff --git a/yarn.lock b/yarn.lock
index a5b977a3b7..048cfda875 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1313,9 +1313,9 @@
     "@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"
 
 "@mrmlnc/readdir-enhanced@^2.2.1":
   version "2.2.1"