diff --git a/homeassistant/components/gree/manifest.json b/homeassistant/components/gree/manifest.json
index accd02dbe79..62d5bec6bb8 100644
--- a/homeassistant/components/gree/manifest.json
+++ b/homeassistant/components/gree/manifest.json
@@ -3,7 +3,7 @@
   "name": "Gree Climate",
   "config_flow": true,
   "documentation": "https://www.home-assistant.io/integrations/gree",
-  "requirements": ["greeclimate==0.12.2"],
+  "requirements": ["greeclimate==0.12.3"],
   "codeowners": ["@cmroche"],
   "iot_class": "local_polling"
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 79515f9abec..085403bf9e4 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -750,7 +750,7 @@ gpiozero==1.5.1
 gps3==0.33.3
 
 # homeassistant.components.gree
-greeclimate==0.12.2
+greeclimate==0.12.3
 
 # homeassistant.components.greeneye_monitor
 greeneye_monitor==2.1
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 091a8cebbbc..edaaa08dc27 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -458,7 +458,7 @@ google-nest-sdm==0.3.8
 googlemaps==2.5.1
 
 # homeassistant.components.gree
-greeclimate==0.12.2
+greeclimate==0.12.3
 
 # homeassistant.components.growatt_server
 growattServer==1.1.0