diff --git a/etc/kayobe/cephadm.yml b/etc/kayobe/cephadm.yml
index 2e48ad197..bd743e3e6 100644
--- a/etc/kayobe/cephadm.yml
+++ b/etc/kayobe/cephadm.yml
@@ -12,7 +12,7 @@ cephadm_ceph_release: "squid"
 cephadm_image: "{{ stackhpc_docker_registry if stackhpc_sync_ceph_images | bool else 'quay.io' }}/ceph/ceph:{{ cephadm_image_tag }}"
 
 # Ceph container image tag.
-cephadm_image_tag: "v19.2.2"
+cephadm_image_tag: "v19.2.3"
 
 # HAProxy container image.
 cephadm_haproxy_image: "{{ stackhpc_docker_registry if stackhpc_sync_ceph_images | bool else 'quay.io' }}/ceph/haproxy:{{ cephadm_haproxy_image_tag }}"
diff --git a/releasenotes/notes/ceph-19.2.3-1b0af47e75bb7456.yaml b/releasenotes/notes/ceph-19.2.3-1b0af47e75bb7456.yaml
new file mode 100644
index 000000000..ca71c0213
--- /dev/null
+++ b/releasenotes/notes/ceph-19.2.3-1b0af47e75bb7456.yaml
@@ -0,0 +1,4 @@
+---
+features:
+  - |
+    Bumps Ceph to Squid v19.2.3.