diff --git a/tools/v8/fetch_deps.py b/tools/v8/fetch_deps.py
index 728e48eb14e899..055ffb50eafba5 100755
--- a/tools/v8/fetch_deps.py
+++ b/tools/v8/fetch_deps.py
@@ -24,6 +24,8 @@
     "deps_file"   : "DEPS",
     "managed"     : False,
     "custom_deps" : {
+      # Update depot_tools for compatibility with Python 3.12.
+      "v8/third_party/depot_tools"            : "https://chromium.googlesource.com/chromium/tools/depot_tools.git@284c5ccb591c3de4e9f71be4a4beb5d1916d5383",
       # These deps are already part of Node.js.
       "v8/base/trace_event/common"            : None,
       "v8/third_party/abseil-cpp"             : None,