diff --git a/homeassistant/components/august/manifest.json b/homeassistant/components/august/manifest.json
index 64d24504ef7..718a6b571af 100644
--- a/homeassistant/components/august/manifest.json
+++ b/homeassistant/components/august/manifest.json
@@ -28,5 +28,5 @@
   "documentation": "https://www.home-assistant.io/integrations/august",
   "iot_class": "cloud_push",
   "loggers": ["pubnub", "yalexs"],
-  "requirements": ["yalexs==1.2.7", "yalexs_ble==2.0.2"]
+  "requirements": ["yalexs==1.2.7", "yalexs_ble==2.0.3"]
 }
diff --git a/homeassistant/components/yalexs_ble/__init__.py b/homeassistant/components/yalexs_ble/__init__.py
index f3d086afed0..4a937585732 100644
--- a/homeassistant/components/yalexs_ble/__init__.py
+++ b/homeassistant/components/yalexs_ble/__init__.py
@@ -1,6 +1,8 @@
 """The Yale Access Bluetooth integration."""
 from __future__ import annotations
 
+import asyncio
+
 from yalexs_ble import (
     AuthError,
     ConnectionInfo,
@@ -62,7 +64,7 @@ async def async_setup_entry(hass: HomeAssistant, entry: ConfigEntry) -> bool:
         await push_lock.wait_for_first_update(DEVICE_TIMEOUT)
     except AuthError as ex:
         raise ConfigEntryAuthFailed(str(ex)) from ex
-    except YaleXSBLEError as ex:
+    except (YaleXSBLEError, asyncio.TimeoutError) as ex:
         raise ConfigEntryNotReady(
             f"{ex}; Try moving the Bluetooth adapter closer to {local_name}"
         ) from ex
diff --git a/homeassistant/components/yalexs_ble/manifest.json b/homeassistant/components/yalexs_ble/manifest.json
index 1a817c8a526..b8d9ad3d16f 100644
--- a/homeassistant/components/yalexs_ble/manifest.json
+++ b/homeassistant/components/yalexs_ble/manifest.json
@@ -12,5 +12,5 @@
   "dependencies": ["bluetooth_adapters"],
   "documentation": "https://www.home-assistant.io/integrations/yalexs_ble",
   "iot_class": "local_push",
-  "requirements": ["yalexs-ble==2.0.2"]
+  "requirements": ["yalexs-ble==2.0.3"]
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 80c7bedb6d0..5f857958a74 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -2670,13 +2670,13 @@ xs1-api-client==3.0.0
 yalesmartalarmclient==0.3.9
 
 # homeassistant.components.yalexs_ble
-yalexs-ble==2.0.2
+yalexs-ble==2.0.3
 
 # homeassistant.components.august
 yalexs==1.2.7
 
 # homeassistant.components.august
-yalexs_ble==2.0.2
+yalexs_ble==2.0.3
 
 # homeassistant.components.yeelight
 yeelight==0.7.10
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 4583dbae11d..be5f3bb7f39 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -1895,13 +1895,13 @@ xmltodict==0.13.0
 yalesmartalarmclient==0.3.9
 
 # homeassistant.components.yalexs_ble
-yalexs-ble==2.0.2
+yalexs-ble==2.0.3
 
 # homeassistant.components.august
 yalexs==1.2.7
 
 # homeassistant.components.august
-yalexs_ble==2.0.2
+yalexs_ble==2.0.3
 
 # homeassistant.components.yeelight
 yeelight==0.7.10