diff --git a/devel/py-oslo.db/Makefile b/devel/py-oslo.db/Makefile
index 7b58ae34133d..2a232b198a06 100644
--- a/devel/py-oslo.db/Makefile
+++ b/devel/py-oslo.db/Makefile
@@ -1,31 +1,31 @@
 PORTNAME=	oslo.db
-PORTVERSION=	12.3.0
+PORTVERSION=	12.3.1
 CATEGORIES=	devel python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	sunpoet@FreeBSD.org
 COMMENT=	Oslo Database library
 WWW=		https://docs.openstack.org/oslo.db/latest/
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}pbr>=2.0.0:devel/py-pbr@${PY_FLAVOR}
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}alembic>=0.9.6:databases/py-alembic@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}debtcollector>=1.2.0:devel/py-debtcollector@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}oslo.config>=5.2.0:devel/py-oslo.config@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}oslo.i18n>=3.15.3:devel/py-oslo.i18n@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}oslo.utils>=3.33.0:devel/py-oslo.utils@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}sqlalchemy-migrate>=0.11.0:databases/py-sqlalchemy-migrate@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}sqlalchemy14>=1.4.0:databases/py-sqlalchemy14@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}stevedore>=1.20.0:devel/py-stevedore@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}testresources>=0:devel/py-testresources@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}testscenarios>=0:devel/py-testscenarios@${PY_FLAVOR}
 
 USES=		python:3.8+
 USE_PYTHON=	autoplist concurrent distutils
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/devel/py-oslo.db/distinfo b/devel/py-oslo.db/distinfo
index 907cb80135d5..5f9bab4fe214 100644
--- a/devel/py-oslo.db/distinfo
+++ b/devel/py-oslo.db/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1674589840
-SHA256 (oslo.db-12.3.0.tar.gz) = 7a02f993f63df432d8846b2f0b7b74765bb014945edb5b01588e6a1b91b3b9c9
-SIZE (oslo.db-12.3.0.tar.gz) = 181582
+TIMESTAMP = 1675191031
+SHA256 (oslo.db-12.3.1.tar.gz) = 19dec50240f08fbab5ae767354eb59175a14773f0271d783a57fcac49e4a6da1
+SIZE (oslo.db-12.3.1.tar.gz) = 181970