diff --git a/CHANGELOG.md b/CHANGELOG.md
index 99f157c71af..66849140ce6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -32,6 +32,7 @@ The format is based on Keep a Changelog, and this project adheres to Semantic Ve
 - Use 16-bit random value for proposer and sync committee selection filter.
 - Re-organize the content of the `*.proto` files (No functional change).
 - Updated Electra spec definition for `process_epoch`.
+- Update our `go-libp2p-pubsub` dependency.
 
 ### Deprecated
 
diff --git a/deps.bzl b/deps.bzl
index 94a7798a28b..5a4dd4d637c 100644
--- a/deps.bzl
+++ b/deps.bzl
@@ -1950,8 +1950,8 @@ def prysm_deps():
         name = "com_github_libp2p_go_libp2p_pubsub",
         build_file_proto_mode = "disable_global",
         importpath = "github.com/libp2p/go-libp2p-pubsub",
-        sum = "h1:PENNZjSfk8KYxANRlpipdS7+BfLmOl3L2E/6vSNjbdI=",
-        version = "v0.12.0",
+        sum = "h1:Z1fzkKuRAd+U1oxbTbWUtTTzAWaX21jqoLxVIStzp+Y=",
+        version = "v0.12.1-0.20241230202526-bf5b58384331",
     )
     go_repository(
         name = "com_github_libp2p_go_libp2p_testing",
diff --git a/go.mod b/go.mod
index 3d9415e171c..8d2e7d1af9f 100644
--- a/go.mod
+++ b/go.mod
@@ -44,7 +44,7 @@ require (
 	github.com/kr/pretty v0.3.1
 	github.com/libp2p/go-libp2p v0.36.5
 	github.com/libp2p/go-libp2p-mplex v0.9.0
-	github.com/libp2p/go-libp2p-pubsub v0.12.0
+	github.com/libp2p/go-libp2p-pubsub v0.12.1-0.20241230202526-bf5b58384331
 	github.com/libp2p/go-mplex v0.7.0
 	github.com/logrusorgru/aurora v2.0.3+incompatible
 	github.com/manifoldco/promptui v0.7.0
diff --git a/go.sum b/go.sum
index 5aa5037ddd9..7cb8cb295af 100644
--- a/go.sum
+++ b/go.sum
@@ -588,8 +588,8 @@ github.com/libp2p/go-libp2p-asn-util v0.4.1 h1:xqL7++IKD9TBFMgnLPZR6/6iYhawHKHl9
 github.com/libp2p/go-libp2p-asn-util v0.4.1/go.mod h1:d/NI6XZ9qxw67b4e+NgpQexCIiFYJjErASrYW4PFDN8=
 github.com/libp2p/go-libp2p-mplex v0.9.0 h1:R58pDRAmuBXkYugbSSXR9wrTX3+1pFM1xP2bLuodIq8=
 github.com/libp2p/go-libp2p-mplex v0.9.0/go.mod h1:ro1i4kuwiFT+uMPbIDIFkcLs1KRbNp0QwnUXM+P64Og=
-github.com/libp2p/go-libp2p-pubsub v0.12.0 h1:PENNZjSfk8KYxANRlpipdS7+BfLmOl3L2E/6vSNjbdI=
-github.com/libp2p/go-libp2p-pubsub v0.12.0/go.mod h1:Oi0zw9aw8/Y5GC99zt+Ef2gYAl+0nZlwdJonDyOz/sE=
+github.com/libp2p/go-libp2p-pubsub v0.12.1-0.20241230202526-bf5b58384331 h1:Z1fzkKuRAd+U1oxbTbWUtTTzAWaX21jqoLxVIStzp+Y=
+github.com/libp2p/go-libp2p-pubsub v0.12.1-0.20241230202526-bf5b58384331/go.mod h1:m0gpUOyrXKXdE7c8FNQ9/HLfWbxaEw7xku45w+PaqZo=
 github.com/libp2p/go-libp2p-testing v0.12.0 h1:EPvBb4kKMWO29qP4mZGyhVzUyR25dvfUIK5WDu6iPUA=
 github.com/libp2p/go-libp2p-testing v0.12.0/go.mod h1:KcGDRXyN7sQCllucn1cOOS+Dmm7ujhfEyXQL5lvkcPg=
 github.com/libp2p/go-mplex v0.7.0 h1:BDhFZdlk5tbr0oyFq/xv/NPGfjbnrsDam1EvutpBDbY=