diff --git a/charts/stable/ollama/Chart.yaml b/charts/stable/ollama/Chart.yaml
index b7b14a6999d..145e03a6139 100644
--- a/charts/stable/ollama/Chart.yaml
+++ b/charts/stable/ollama/Chart.yaml
@@ -6,7 +6,7 @@ annotations:
   truecharts.org/min_helm_version: "3.11"
   truecharts.org/train: stable
 apiVersion: v2
-appVersion: 0.3.7
+appVersion: 0.3.8
 dependencies:
   - name: common
     version: 24.1.5
@@ -35,4 +35,4 @@ sources:
   - https://github.com/truecharts/charts/tree/master/charts/stable/ollama
   - https://hub.docker.com/r/ollama/ollama
 type: application
-version: 7.3.19
+version: 7.3.20
diff --git a/charts/stable/ollama/values.yaml b/charts/stable/ollama/values.yaml
index 9aac7df7fb0..6b8825136d2 100644
--- a/charts/stable/ollama/values.yaml
+++ b/charts/stable/ollama/values.yaml
@@ -1,11 +1,11 @@
 image:
   repository: ollama/ollama
   pullPolicy: IfNotPresent
-  tag: 0.3.7@sha256:399f386f2b08c96460c1356b6b6753160107f4b3635c2dfd2d9c210205b2a28a
+  tag: 0.3.8@sha256:122abc47fc0d530b65aa60848b8560ef6ab6f7edde15f965c1fa29d7ea1c7270
 rocmImage:
   repository: ollama/ollama
   pullPolicy: IfNotPresent
-  tag: 0.3.7-rocm@sha256:89edc33d044bd2b2ae3a6a22790c4320e3a6000083e5c81e23337e0b9e9dfe27
+  tag: 0.3.8-rocm@sha256:77619298def296600dfa023e8c59de0433df8def5bb3c45c890a5536844fe997
 uiImage:
   repository: ghcr.io/open-webui/open-webui
   pullPolicy: IfNotPresent