diff --git a/bazel/grpc_deps.bzl b/bazel/grpc_deps.bzl
index 30b0a7723ab..f403fcee7a9 100644
--- a/bazel/grpc_deps.bzl
+++ b/bazel/grpc_deps.bzl
@@ -329,11 +329,11 @@ def grpc_deps():
     if "com_google_absl" not in native.existing_rules():
         http_archive(
             name = "com_google_absl",
-            sha256 = "3ea49a7d97421b88a8c48a0de16c16048e17725c7ec0f1d3ea2683a2a75adc21",
-            strip_prefix = "abseil-cpp-20230125.0",
+            sha256 = "9a2b5752d7bfade0bdeee2701de17c9480620f8b237e1964c1b9967c75374906",
+            strip_prefix = "abseil-cpp-20230125.2",
             urls = [
-                "https://storage.googleapis.com/grpc-bazel-mirror/github.com/abseil/abseil-cpp/archive/20230125.0.tar.gz",
-                "https://github.com/abseil/abseil-cpp/archive/20230125.0.tar.gz",
+                "https://storage.googleapis.com/grpc-bazel-mirror/github.com/abseil/abseil-cpp/archive/20230125.2.tar.gz",
+                "https://github.com/abseil/abseil-cpp/archive/20230125.2.tar.gz",
             ],
         )
 
diff --git a/third_party/abseil-cpp b/third_party/abseil-cpp
index 78be63686ba..b971ac5250e 160000
--- a/third_party/abseil-cpp
+++ b/third_party/abseil-cpp
@@ -1 +1 @@
-Subproject commit 78be63686ba732b25052be15f8d6dee891c05749
+Subproject commit b971ac5250ea8de900eae9f95e06548d14cd95fe
diff --git a/tools/run_tests/sanity/check_submodules.sh b/tools/run_tests/sanity/check_submodules.sh
index 67e6be1a4b9..8f3bdcc9b60 100755
--- a/tools/run_tests/sanity/check_submodules.sh
+++ b/tools/run_tests/sanity/check_submodules.sh
@@ -25,7 +25,7 @@ want_submodules=$(mktemp /tmp/submXXXXXX)
 
 git submodule | awk '{ print $2 " " $1 }' | sort >"$submodules"
 cat <<EOF | sort >"$want_submodules"
-third_party/abseil-cpp 78be63686ba732b25052be15f8d6dee891c05749
+third_party/abseil-cpp b971ac5250ea8de900eae9f95e06548d14cd95fe
 third_party/benchmark 361e8d1cfe0c6c36d30b39f1b61302ece5507320
 third_party/bloaty 60209eb1ccc34d5deefb002d1b7f37545204f7f2
 third_party/boringssl-with-bazel 8872d958b7b07173bf29b8f3b8bf36a1ca8c94a3