diff --git a/CHANGELOG.md b/CHANGELOG.md
index 03a3deb0..cc36f5a9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,8 @@ Note: In this file, do not use the hard wrap in the middle of a sentence for com
 
 ## [Unreleased]
 
+- Update `release-plz@latest` to 0.3.127.
+
 ## [2.49.28] - 2025-03-17
 
 - Update `osv-scanner@latest` to 2.0.0.
diff --git a/manifests/release-plz.json b/manifests/release-plz.json
index 0c07ba93..5e137cf6 100644
--- a/manifests/release-plz.json
+++ b/manifests/release-plz.json
@@ -22,10 +22,36 @@
   },
   "license_markdown": "[MIT](https://github.com/release-plz/release-plz/blob/main/LICENSE-MIT) OR [Apache-2.0](https://github.com/release-plz/release-plz/blob/main/LICENSE-APACHE)",
   "latest": {
-    "version": "0.3.126"
+    "version": "0.3.127"
   },
   "0.3": {
-    "version": "0.3.126"
+    "version": "0.3.127"
+  },
+  "0.3.127": {
+    "x86_64_linux_musl": {
+      "etag": "0x8DD65793621C3A4",
+      "checksum": "55a8c7523df8ef12917733388215cabdb5418ca89f27123e2b588380e230d57f"
+    },
+    "x86_64_macos": {
+      "etag": "0x8DD6579955C577D",
+      "checksum": "298977ef4f3ea711a0152f754c2040a3e681ad43666cb2efa925e3b8b630beac"
+    },
+    "x86_64_windows": {
+      "etag": "0x8DD657A05AA7EEC",
+      "checksum": "f45cb2d76d3217c9f56b33cd5680c2696bb9b05843633b17a4e873a488983d4f"
+    },
+    "aarch64_linux_musl": {
+      "etag": "0x8DD6579479AB6D8",
+      "checksum": "9b36f26d03c5dfe08b0e0f6d2dac303cdf7fff58773cc0300a36ff5eb46e165c"
+    },
+    "aarch64_macos": {
+      "etag": "0x8DD657A06CCD07B",
+      "checksum": "b0ff78be73d31b97a49aadd8081bb70e6c7569689f81dca0b5a7f28d6ada9ee1"
+    },
+    "aarch64_windows": {
+      "etag": "0x8DD657A085586F1",
+      "checksum": "a2243f7bfdbbe5e3b0dfda5cdbae644b38a07e849d2b8705451143f1d70bc243"
+    }
   },
   "0.3.126": {
     "x86_64_linux_musl": {