diff --git a/homeassistant/components/wled/config_flow.py b/homeassistant/components/wled/config_flow.py
index 3665a6304cf..5542e8d0848 100644
--- a/homeassistant/components/wled/config_flow.py
+++ b/homeassistant/components/wled/config_flow.py
@@ -1,7 +1,6 @@
 """Config flow to configure the WLED integration."""
 from __future__ import annotations
 
-import asyncio
 from typing import Any
 
 import voluptuous as vol
@@ -75,7 +74,7 @@ class WLEDFlowHandler(ConfigFlow, domain=DOMAIN):
         self.discovered_host = discovery_info.host
         try:
             self.discovered_device = await self._async_get_device(discovery_info.host)
-        except (WLEDConnectionError, asyncio.TimeoutError):
+        except WLEDConnectionError:
             return self.async_abort(reason="cannot_connect")
 
         await self.async_set_unique_id(self.discovered_device.info.mac_address)
diff --git a/homeassistant/components/wled/manifest.json b/homeassistant/components/wled/manifest.json
index 181d2761cb1..d99f07a78ae 100644
--- a/homeassistant/components/wled/manifest.json
+++ b/homeassistant/components/wled/manifest.json
@@ -3,7 +3,7 @@
   "name": "WLED",
   "config_flow": true,
   "documentation": "https://www.home-assistant.io/integrations/wled",
-  "requirements": ["wled==0.11.0"],
+  "requirements": ["wled==0.12.0"],
   "zeroconf": ["_wled._tcp.local."],
   "codeowners": ["@frenck"],
   "quality_scale": "platinum",
diff --git a/requirements_all.txt b/requirements_all.txt
index 850f8f94fcf..39b4a1853ef 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2478,7 +2478,7 @@ wirelesstagpy==0.8.1
 withings-api==2.3.2
 
 # homeassistant.components.wled
-wled==0.11.0
+wled==0.12.0
 
 # homeassistant.components.wolflink
 wolf_smartset==0.1.11
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 096f7873e4c..a37e747289b 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1512,7 +1512,7 @@ wiffi==1.1.0
 withings-api==2.3.2
 
 # homeassistant.components.wled
-wled==0.11.0
+wled==0.12.0
 
 # homeassistant.components.wolflink
 wolf_smartset==0.1.11