diff --git a/packages/artifacts/linux-arm64/package.json b/packages/artifacts/linux-arm64/package.json
index 073441a288d..765bedb3655 100644
--- a/packages/artifacts/linux-arm64/package.json
+++ b/packages/artifacts/linux-arm64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/linux-arm64",
-  "version": "7.0.0-rc.2",
+  "version": "7.0.0-rc.3",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/linux-arm64": "workspace:7.0.0-rc.2"
+    "@pnpm/linux-arm64": "workspace:7.0.0-rc.3"
   }
 }
diff --git a/packages/artifacts/linux-x64/package.json b/packages/artifacts/linux-x64/package.json
index ac6db07ce10..54e9f625f8b 100644
--- a/packages/artifacts/linux-x64/package.json
+++ b/packages/artifacts/linux-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/linux-x64",
-  "version": "7.0.0-rc.2",
+  "version": "7.0.0-rc.3",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/linux-x64": "workspace:7.0.0-rc.2"
+    "@pnpm/linux-x64": "workspace:7.0.0-rc.3"
   }
 }
diff --git a/packages/artifacts/macos-arm64/package.json b/packages/artifacts/macos-arm64/package.json
index 33dfd7061db..da33979b268 100644
--- a/packages/artifacts/macos-arm64/package.json
+++ b/packages/artifacts/macos-arm64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/macos-arm64",
-  "version": "7.0.0-rc.2",
+  "version": "7.0.0-rc.3",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/macos-arm64": "workspace:7.0.0-rc.2"
+    "@pnpm/macos-arm64": "workspace:7.0.0-rc.3"
   }
 }
diff --git a/packages/artifacts/macos-x64/package.json b/packages/artifacts/macos-x64/package.json
index 55c1d6e1693..4e5cbb11275 100644
--- a/packages/artifacts/macos-x64/package.json
+++ b/packages/artifacts/macos-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/macos-x64",
-  "version": "7.0.0-rc.2",
+  "version": "7.0.0-rc.3",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/macos-x64": "workspace:7.0.0-rc.2"
+    "@pnpm/macos-x64": "workspace:7.0.0-rc.3"
   }
 }
diff --git a/packages/artifacts/win-x64/package.json b/packages/artifacts/win-x64/package.json
index b4c32dd9d1d..17a926cc76f 100644
--- a/packages/artifacts/win-x64/package.json
+++ b/packages/artifacts/win-x64/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@pnpm/win-x64",
-  "version": "7.0.0-rc.2",
+  "version": "7.0.0-rc.3",
   "license": "MIT",
   "publishConfig": {
     "bin": {
@@ -23,6 +23,6 @@
     "pnpm7"
   ],
   "devDependencies": {
-    "@pnpm/win-x64": "workspace:7.0.0-rc.2"
+    "@pnpm/win-x64": "workspace:7.0.0-rc.3"
   }
 }
diff --git a/packages/exe/package.json b/packages/exe/package.json
index f5b78975ba4..4f351fbc0bb 100644
--- a/packages/exe/package.json
+++ b/packages/exe/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@pnpm/exe",
   "description": "Fast, disk space efficient package manager",
-  "version": "7.0.0-rc.2",
+  "version": "7.0.0-rc.3",
   "publishConfig": {
     "bin": {
       "pnpm": "pnpm"
@@ -11,14 +11,14 @@
     "url": "https://github.com/pnpm/pnpm/issues"
   },
   "optionalDependencies": {
-    "@pnpm/linux-arm64": "workspace:7.0.0-rc.2",
-    "@pnpm/linux-x64": "workspace:7.0.0-rc.2",
-    "@pnpm/macos-arm64": "workspace:7.0.0-rc.2",
-    "@pnpm/macos-x64": "workspace:7.0.0-rc.2",
-    "@pnpm/win-x64": "workspace:7.0.0-rc.2"
+    "@pnpm/linux-arm64": "workspace:7.0.0-rc.3",
+    "@pnpm/linux-x64": "workspace:7.0.0-rc.3",
+    "@pnpm/macos-arm64": "workspace:7.0.0-rc.3",
+    "@pnpm/macos-x64": "workspace:7.0.0-rc.3",
+    "@pnpm/win-x64": "workspace:7.0.0-rc.3"
   },
   "devDependencies": {
-    "@pnpm/exe": "workspace:7.0.0-rc.2",
+    "@pnpm/exe": "workspace:7.0.0-rc.3",
     "@zkochan/pkg": "0.0.0-2",
     "execa": "npm:safe-execa@^0.1.1"
   },
diff --git a/packages/pnpm/CHANGELOG.md b/packages/pnpm/CHANGELOG.md
index 15cbe143aa5..1427ed8f336 100644
--- a/packages/pnpm/CHANGELOG.md
+++ b/packages/pnpm/CHANGELOG.md
@@ -1,6 +1,6 @@
 # pnpm
 
-## 7.0.0-rc.2
+## 7.0.0-rc.3
 
 ### Major Changes
 
@@ -74,6 +74,11 @@
   - shrinkwrap-only
   - store
 
+### Patch Changes
+
+- Peer dependency should be correctly resolved from the workspace, when it is declared using a workspace protocol [#4529](https://github.com/pnpm/pnpm/issues/4529).
+- Linked in dependencies should be considered when resolving peer dependencies [#4541](https://github.com/pnpm/pnpm/pull/4541).
+
 ## 6.32.5
 
 ### Patch Changes
diff --git a/packages/pnpm/package.json b/packages/pnpm/package.json
index 004c42e8c0a..ea98d5b9282 100644
--- a/packages/pnpm/package.json
+++ b/packages/pnpm/package.json
@@ -1,7 +1,7 @@
 {
   "name": "pnpm",
   "description": "Fast, disk space efficient package manager",
-  "version": "7.0.0-rc.2",
+  "version": "7.0.0-rc.3",
   "bin": {
     "pnpm": "bin/pnpm.cjs",
     "pnpx": "bin/pnpx.cjs"
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index af6eaaa1f87..e2097c629c2 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -117,31 +117,31 @@ importers:
 
   packages/artifacts/linux-arm64:
     specifiers:
-      '@pnpm/linux-arm64': workspace:7.0.0-rc.2
+      '@pnpm/linux-arm64': workspace:7.0.0-rc.3
     devDependencies:
       '@pnpm/linux-arm64': 'link:'
 
   packages/artifacts/linux-x64:
     specifiers:
-      '@pnpm/linux-x64': workspace:7.0.0-rc.2
+      '@pnpm/linux-x64': workspace:7.0.0-rc.3
     devDependencies:
       '@pnpm/linux-x64': 'link:'
 
   packages/artifacts/macos-arm64:
     specifiers:
-      '@pnpm/macos-arm64': workspace:7.0.0-rc.2
+      '@pnpm/macos-arm64': workspace:7.0.0-rc.3
     devDependencies:
       '@pnpm/macos-arm64': 'link:'
 
   packages/artifacts/macos-x64:
     specifiers:
-      '@pnpm/macos-x64': workspace:7.0.0-rc.2
+      '@pnpm/macos-x64': workspace:7.0.0-rc.3
     devDependencies:
       '@pnpm/macos-x64': 'link:'
 
   packages/artifacts/win-x64:
     specifiers:
-      '@pnpm/win-x64': workspace:7.0.0-rc.2
+      '@pnpm/win-x64': workspace:7.0.0-rc.3
     devDependencies:
       '@pnpm/win-x64': 'link:'
 
@@ -727,12 +727,12 @@ importers:
 
   packages/exe:
     specifiers:
-      '@pnpm/exe': workspace:7.0.0-rc.2
-      '@pnpm/linux-arm64': workspace:7.0.0-rc.2
-      '@pnpm/linux-x64': workspace:7.0.0-rc.2
-      '@pnpm/macos-arm64': workspace:7.0.0-rc.2
-      '@pnpm/macos-x64': workspace:7.0.0-rc.2
-      '@pnpm/win-x64': workspace:7.0.0-rc.2
+      '@pnpm/exe': workspace:7.0.0-rc.3
+      '@pnpm/linux-arm64': workspace:7.0.0-rc.3
+      '@pnpm/linux-x64': workspace:7.0.0-rc.3
+      '@pnpm/macos-arm64': workspace:7.0.0-rc.3
+      '@pnpm/macos-x64': workspace:7.0.0-rc.3
+      '@pnpm/win-x64': workspace:7.0.0-rc.3
       '@zkochan/pkg': 0.0.0-2
       execa: npm:safe-execa@^0.1.1
     optionalDependencies: