diff --git a/opentelemetry-otlp/CHANGELOG.md b/opentelemetry-otlp/CHANGELOG.md
index 099ca871fb..d3af39c552 100644
--- a/opentelemetry-otlp/CHANGELOG.md
+++ b/opentelemetry-otlp/CHANGELOG.md
@@ -2,6 +2,11 @@
 
 ## vNext
 
+## v0.26.1
+Released 2024-Oct-2
+
+ - Pin tonic to v0.12.3
+
 ## v0.26.0
 Released 2024-Sep-30
 
diff --git a/opentelemetry-proto/CHANGELOG.md b/opentelemetry-proto/CHANGELOG.md
index 3212534425..4b883117b0 100644
--- a/opentelemetry-proto/CHANGELOG.md
+++ b/opentelemetry-proto/CHANGELOG.md
@@ -2,6 +2,11 @@
 
 ## vNext
 
+## v0.26.1
+Released 2024-Oct-2
+
+ - Pin tonic to v0.12.3
+
 ## v0.26.0
 Released 2024-Sep-30
 
diff --git a/opentelemetry-proto/Cargo.toml b/opentelemetry-proto/Cargo.toml
index 6b0243961b..4d29533084 100644
--- a/opentelemetry-proto/Cargo.toml
+++ b/opentelemetry-proto/Cargo.toml
@@ -49,7 +49,7 @@ with-serde = ["serde", "hex"]
 populate-logs-event-name = []
 
 [dependencies]
-tonic = { workspace = true, optional = true, features = ["codegen", "prost"] }
+tonic = { version = "0.12.3", optional = true, features = ["codegen", "prost"] }
 prost = { workspace = true, optional = true }
 opentelemetry = { version = "0.26", default-features = false, path = "../opentelemetry" }
 opentelemetry_sdk = { version = "0.26", default-features = false, path = "../opentelemetry-sdk" }
diff --git a/scripts/patch_dependencies.sh b/scripts/patch_dependencies.sh
index cf36b55a98..2fd36ff403 100755
--- a/scripts/patch_dependencies.sh
+++ b/scripts/patch_dependencies.sh
@@ -12,17 +12,27 @@ rust_version=$(rustc --version | cut -d' ' -f2)
 target_version="1.71.1"
 
   function patch_version() {
-    local latest_version=$(cargo search --limit 1 $1 | head -1 | cut -d'"' -f2)
-    echo "patching $1 from $latest_version to $2"
-    cargo update -p $1:$latest_version --precise $2
+    local package=$1
+    local new_version=$2
+    local crate_path=$3
+    local latest_version=$(cargo search --limit 1 $package | head -1 | cut -d'"' -f2)
+    if [ -n "$crate_path" ]; then
+        # If crate_path is provided, patch only for the specified crate
+        echo "-->Patching $package in $crate_path from $latest_version to $new_version"
+        cargo update -p $package:$latest_version --precise $new_version --manifest-path "$crate_path/Cargo.toml"
+    else
+        # If crate_path is not provided, patch for the entire workspace
+        echo "Patching $package in the entire workspace from $latest_version to $new_version"
+        cargo update -p $package:$latest_version --precise $new_version
+    fi
   }
 
   patch_version cc 1.0.105
   patch_version url 2.5.0
 if version_lt "$rust_version" "$target_version"; then
-  patch_version tonic 0.12.2
+  patch_version tonic 0.12.3 "opentelemetry-sdk"
   patch_version hyper-rustls 0.27.2 # 0.27.3 needs rustc v1.70.0
-  patch_version tokio-util 0.7.11 # 0.7.12 needs rustc v1.70.0
-  patch_version tokio-stream 0.1.15 # 0.1.16 needs rustc v1.70.0
-  patch_version tokio 1.38.0 # 1.39 needs msrv bump to rustc 1.70
+  patch_version tokio-util 0.7.11 "opentelemetry-sdk" # 0.7.12 needs rustc v1.70.0
+  patch_version tokio-stream 0.1.16 "opentelemetry-sdk" # 0.1.16 needs rustc v1.70.0
+  patch_version tokio 1.38.0 "opentelemetry-sdk" # 1.39 needs msrv bump to rustc 1.70
 fi