diff --git a/changelog.d/20240314_131222_faraz.maqsood_python_upgrade_to_v3_12_2.md b/changelog.d/20240314_131222_faraz.maqsood_python_upgrade_to_v3_12_2.md
new file mode 100644
index 0000000..ac6d392
--- /dev/null
+++ b/changelog.d/20240314_131222_faraz.maqsood_python_upgrade_to_v3_12_2.md
@@ -0,0 +1 @@
+- 💥[Feature] Upgrade Python version to 3.12.2. (by @Faraz32123)
\ No newline at end of file
diff --git a/tutordiscovery/templates/discovery/build/discovery/Dockerfile b/tutordiscovery/templates/discovery/build/discovery/Dockerfile
index dbc66e8..edc6186 100644
--- a/tutordiscovery/templates/discovery/build/discovery/Dockerfile
+++ b/tutordiscovery/templates/discovery/build/discovery/Dockerfile
@@ -6,9 +6,9 @@ ENV DEBIAN_FRONTEND=noninteractive
 RUN --mount=type=cache,target=/var/cache/apt,sharing=locked \
     --mount=type=cache,target=/var/lib/apt,sharing=locked \
     apt update && \
-    apt install -y curl git-core gettext language-pack-en python3 python3-dev python3-pip python3-venv \
+    apt install -y curl git-core gettext language-pack-en \
     build-essential libcairo2 libffi-dev libmysqlclient-dev libxml2-dev libxslt-dev libjpeg-dev libssl-dev \
-    pkg-config
+    pkg-config libsqlite3-dev
 ENV LC_ALL en_US.UTF-8
 
 ARG APP_USER_ID=1000
@@ -27,15 +27,27 @@ WORKDIR /openedx/discovery
 RUN echo "{}" > /openedx/config.yml
 ENV DISCOVERY_CFG /openedx/config.yml
 
-# Install python venv
-RUN python3 -m venv ../venv/
+# Install pyenv
+# https://www.python.org/downloads/
+# https://github.com/pyenv/pyenv/releases
+ARG PYTHON_VERSION=3.12.2
+ENV PYENV_ROOT /opt/pyenv
+# root user is required for below 2 steps, as app user gets permission denied.
+USER root
+RUN git clone https://github.com/pyenv/pyenv $PYENV_ROOT --branch v2.3.36 --depth 1
+# Install Python
+RUN $PYENV_ROOT/bin/pyenv install $PYTHON_VERSION
+USER app
+
+# Create virtualenv
+RUN $PYENV_ROOT/versions/$PYTHON_VERSION/bin/python -m venv /openedx/venv
 ENV PATH "/openedx/venv/bin:$PATH"
 
 RUN --mount=type=cache,target=/openedx/.cache/pip,sharing=shared pip install \
     # https://pypi.org/project/setuptools/
     # https://pypi.org/project/pip/
     # https://pypi.org/project/wheel/
-    setuptools==68.2.2 pip==23.2.1. wheel==0.41.2
+    setuptools==69.1.1 pip==24.0 wheel==0.43.0
 
 # Install a recent version of nodejs
 RUN pip install nodeenv==1.8.0
@@ -61,7 +73,7 @@ RUN --mount=type=cache,target=/openedx/.cache/pip,sharing=shared pip install \
     # Use redis as a django cache https://pypi.org/project/django-redis/
     django-redis==5.4.0 \
     # uwsgi server https://pypi.org/project/uWSGI/
-    uwsgi==2.0.22
+    uwsgi==2.0.24
 
 {% if DISCOVERY_ATLAS_PULL %}
 # Pull translations. Support the OEP-58 proposal behind a feature flag until it's fully implemented.