diff --git a/go.mod b/go.mod
index 661f7f146d..91703b23e9 100644
--- a/go.mod
+++ b/go.mod
@@ -6,7 +6,7 @@ require (
 	github.com/CosmWasm/wasmvm v1.0.0-beta5
 	github.com/cosmos/cosmos-sdk v0.45.0
 	github.com/cosmos/iavl v0.17.3
-	github.com/cosmos/ibc-go/v2 v2.0.2
+	github.com/cosmos/ibc-go/v2 v2.0.3
 	github.com/dvsekhvalnov/jose2go v0.0.0-20200901110807-248326c1351b
 	github.com/gogo/protobuf v1.3.3
 	github.com/golang/protobuf v1.5.2
diff --git a/go.sum b/go.sum
index 1461ed1c08..4e1f180f0a 100644
--- a/go.sum
+++ b/go.sum
@@ -220,8 +220,8 @@ github.com/cosmos/go-bip39 v1.0.0 h1:pcomnQdrdH22njcAatO0yWojsUnCO3y2tNoV1cb6hHY
 github.com/cosmos/go-bip39 v1.0.0/go.mod h1:RNJv0H/pOIVgxw6KS7QeX2a0Uo0aKUlfhZ4xuwvCdJw=
 github.com/cosmos/iavl v0.17.3 h1:s2N819a2olOmiauVa0WAhoIJq9EhSXE9HDBAoR9k+8Y=
 github.com/cosmos/iavl v0.17.3/go.mod h1:prJoErZFABYZGDHka1R6Oay4z9PrNeFFiMKHDAMOi4w=
-github.com/cosmos/ibc-go/v2 v2.0.2 h1:y7eUgggMEVe43wHLw9XrGbeaTWtfkJYMoL3m6YW4fIY=
-github.com/cosmos/ibc-go/v2 v2.0.2/go.mod h1:XUmW7wmubCRhIEAGtMGS+5IjiSSmcAwihoN/yPGd6Kk=
+github.com/cosmos/ibc-go/v2 v2.0.3 h1:kZ6SAj7hyxoixsLEUBx431bVGiBW22PCHwkWHafWhXs=
+github.com/cosmos/ibc-go/v2 v2.0.3/go.mod h1:XUmW7wmubCRhIEAGtMGS+5IjiSSmcAwihoN/yPGd6Kk=
 github.com/cosmos/keyring v1.1.7-0.20210622111912-ef00f8ac3d76 h1:DdzS1m6o/pCqeZ8VOAit/gyATedRgjvkVI+UCrLpyuU=
 github.com/cosmos/keyring v1.1.7-0.20210622111912-ef00f8ac3d76/go.mod h1:0mkLWIoZuQ7uBoospo5Q9zIpqq6rYCPJDSUdeCJvPM8=
 github.com/cosmos/ledger-cosmos-go v0.11.1 h1:9JIYsGnXP613pb2vPjFeMMjBI5lEDsEaF6oYorTy6J4=