diff --git a/changelog.d/20231013_164741_regis_palm_3.md b/changelog.d/20231013_164741_regis_palm_3.md
new file mode 100644
index 0000000000..ab184b4e35
--- /dev/null
+++ b/changelog.d/20231013_164741_regis_palm_3.md
@@ -0,0 +1 @@
+- [Improvement] Upgrade the Open edX default version to open-release/palm.3. (by @regisb)
diff --git a/docs/configuration.rst b/docs/configuration.rst
index a6b5e073b8..720b6cdae1 100644
--- a/docs/configuration.rst
+++ b/docs/configuration.rst
@@ -136,7 +136,7 @@ Open edX customisation
 
 This defines the git repository from which you install Open edX platform code. If you run an Open edX fork with custom patches, set this to your own git repository. You may also override this configuration parameter at build time, by providing a ``--build-arg`` option.
 
-- ``OPENEDX_COMMON_VERSION`` (default: ``"open-release/palm.2"``)
+- ``OPENEDX_COMMON_VERSION`` (default: ``"open-release/palm.3"``)
 
 This defines the default version that will be pulled from all Open edX git repositories.
 
diff --git a/tutor/templates/config/defaults.yml b/tutor/templates/config/defaults.yml
index 16b99ed03d..94f127226e 100644
--- a/tutor/templates/config/defaults.yml
+++ b/tutor/templates/config/defaults.yml
@@ -52,7 +52,7 @@ OPENEDX_CMS_UWSGI_WORKERS: 2
 OPENEDX_LMS_UWSGI_WORKERS: 2
 OPENEDX_MYSQL_DATABASE: "openedx"
 OPENEDX_MYSQL_USERNAME: "openedx"
-OPENEDX_COMMON_VERSION: "open-release/palm.2"
+OPENEDX_COMMON_VERSION: "open-release/palm.3"
 OPENEDX_EXTRA_PIP_REQUIREMENTS:
   - "openedx-scorm-xblock>=16.0.0,<17.0.0"
 MYSQL_HOST: "mysql"