diff --git a/devel/ipython/Makefile b/devel/ipython/Makefile
index 6395aac89dd0..7dd833b70b57 100644
--- a/devel/ipython/Makefile
+++ b/devel/ipython/Makefile
@@ -1,40 +1,48 @@
 PORTNAME=	ipython
-DISTVERSION=	8.11.0
+PORTVERSION=	8.12.0
 CATEGORIES=	devel python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	python@FreeBSD.org
 COMMENT=	Enhanced Interactive Python shell
 WWW=		https://ipython.org/
 
 LICENSE=	BSD3CLAUSE
 LICENSE_FILE=	${WRKSRC}/COPYING.rst
 
+BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}setuptools>=51.0.0:devel/py-setuptools@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}wheel>=0:devel/py-wheel@${PY_FLAVOR}
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}backcall>=0:devel/py-backcall@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}decorator>=0:devel/py-decorator@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}jedi>=0.16:devel/py-jedi@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}pexpect>=4.3:misc/py-pexpect@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}pickleshare>=0:databases/py-pickleshare@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}prompt-toolkit>=3.0.30<3.1.0:devel/py-prompt-toolkit@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}pygments>=2.4.0:textproc/py-pygments@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}sqlite3>=2:databases/py-sqlite3@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}stack-data>0:devel/py-stack-data@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}traitlets>=5:devel/py-traitlets@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}matplotlib-inline>0:math/py-matplotlib-inline@${PY_FLAVOR}
 
 USES=		cpe python:3.7+
-USE_PYTHON=	autoplist distutils
+USE_PYTHON=	autoplist concurrent pep517
 
 CONFLICTS_INSTALL=	py*-ipython5
 
 NO_ARCH=	yes
 
 PORTEXAMPLES=	*
 
 OPTIONS_DEFINE=	EXAMPLES
 
+.include <bsd.port.pre.mk>
+
+.if ${PYTHON_REL} < 31000
+RUN_DEPENDS+=	${PYTHON_PKGNAMEPREFIX}typing-extensions>=0:devel/py-typing-extensions@${PY_FLAVOR}
+.endif
+
 post-install-EXAMPLES-on:
 	cd ${WRKSRC}/examples && ${COPYTREE_SHARE} . ${STAGEDIR}${EXAMPLESDIR}
 
-.include <bsd.port.mk>
+.include <bsd.port.post.mk>
diff --git a/devel/ipython/distinfo b/devel/ipython/distinfo
index b1afc87d489e..b5923d75ea11 100644
--- a/devel/ipython/distinfo
+++ b/devel/ipython/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1679904746
-SHA256 (ipython-8.11.0.tar.gz) = 735cede4099dbc903ee540307b9171fbfef4aa75cfcacc5a273b2cda2f02be04
-SIZE (ipython-8.11.0.tar.gz) = 5462176
+TIMESTAMP = 1680726456
+SHA256 (ipython-8.12.0.tar.gz) = a950236df04ad75b5bc7f816f9af3d74dc118fd42f2ff7e80e8e60ca1f182e2d
+SIZE (ipython-8.12.0.tar.gz) = 5465154