diff --git a/libplacebo/PKGBUILD b/libplacebo/PKGBUILD
index 76c0413319..11a7778a78 100644
--- a/libplacebo/PKGBUILD
+++ b/libplacebo/PKGBUILD
@@ -2,19 +2,19 @@
 # Maintainer: Levente Polyak <anthraxx[at]archlinux[dot]org>
 
 pkgname=libplacebo
-pkgver=3.104.0
-pkgrel=2
+pkgver=3.120.3
+pkgrel=1
 pkgdesc='Reusable library for GPU-accelerated video/image rendering primitives'
 url='https://github.com/haasn/libplacebo'
 arch=(x86_64 powerpc64le powerpc)
 license=('LGPL2.1')
-depends=('vulkan-icd-loader' 'glslang' 'lcms2' 'liblcms2.so' 'shaderc' 'libshaderc_shared.so'
+depends=('vulkan-icd-loader' 'libvulkan.so' 'glslang' 'lcms2' 'liblcms2.so' 'shaderc' 'libshaderc_shared.so'
          'libepoxy' 'libglvnd' 'glibc' 'gcc-libs')
 makedepends=('meson' 'ninja' 'vulkan-headers' 'python' 'python-mako')
 provides=('libplacebo.so')
 source=(https://code.videolan.org/videolan/libplacebo/-/archive/v${pkgver}/libplacebo-v${pkgver}.tar.gz)
-sha512sums=('896ade7d87fe02924cbf5a0f2b39a2054c8b9eb7a5f0adf574d0ec3dc9239020f8c69450501775002f7697250da595bf24a7d2d7039eb396073411c6fce2edfb')
-b2sums=('dfd743470eb679ddf14b517f856dec1a1df1df88788d8222aade4b31f8d625c66a6bfeb0ff95df2eec531fa6950d68b3ca578cb244104a2591090ad8dcbca6a8')
+sha512sums=('6a2d3c6c053edc3a912a46f9c16d226d83c6f8880714f0b20a8b9417889616e4c1d4d41b8935b898cc580dc3b480ce974bb3921162165f0774ea91be1dfff520')
+b2sums=('6192570dba8de6e0bb98ccf3f0e4f13c01a27c5f97873ff0e5e3212d9b7cdebd98cce3d5ee5364ca8a585ec2a16d0bafc5a863ed35f6f225d86a4410b92edfd3')
 
 build() {
   cd ${pkgbase}-v${pkgver}