diff --git a/Cargo.lock b/Cargo.lock
index f4607fe0a3eeb..bea97f3c5f498 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -321,7 +321,7 @@ dependencies = [
 [[package]]
 name = "auto-hash-map"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "serde",
  "smallvec",
@@ -3497,7 +3497,7 @@ dependencies = [
 [[package]]
 name = "node-file-trace"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "serde",
@@ -7537,7 +7537,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -7569,7 +7569,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-build"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "cargo-lock",
@@ -7581,7 +7581,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-bytes"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "bytes",
@@ -7596,7 +7596,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-env"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "dotenvs",
@@ -7610,7 +7610,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-fetch"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "indexmap 1.9.3",
@@ -7627,7 +7627,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-fs"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "auto-hash-map",
@@ -7658,7 +7658,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-hash"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "base16",
  "hex",
@@ -7670,7 +7670,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-macros"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "convert_case 0.6.0",
@@ -7684,7 +7684,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-macros-shared"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "proc-macro2",
  "quote",
@@ -7694,7 +7694,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-malloc"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "mimalloc",
 ]
@@ -7702,7 +7702,7 @@ dependencies = [
 [[package]]
 name = "turbo-tasks-memory"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "auto-hash-map",
@@ -7727,7 +7727,7 @@ dependencies = [
 [[package]]
 name = "turbopack"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "async-recursion",
@@ -7759,7 +7759,7 @@ dependencies = [
 [[package]]
 name = "turbopack-binding"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "auto-hash-map",
  "mdxjs",
@@ -7800,7 +7800,7 @@ dependencies = [
 [[package]]
 name = "turbopack-build"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "indexmap 1.9.3",
@@ -7824,7 +7824,7 @@ dependencies = [
 [[package]]
 name = "turbopack-cli-utils"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "clap 4.4.2",
@@ -7842,7 +7842,7 @@ dependencies = [
 [[package]]
 name = "turbopack-core"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "async-recursion",
@@ -7872,7 +7872,7 @@ dependencies = [
 [[package]]
 name = "turbopack-css"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -7899,7 +7899,7 @@ dependencies = [
 [[package]]
 name = "turbopack-dev"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "indexmap 1.9.3",
@@ -7923,7 +7923,7 @@ dependencies = [
 [[package]]
 name = "turbopack-dev-server"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "async-compression",
@@ -7960,7 +7960,7 @@ dependencies = [
 [[package]]
 name = "turbopack-ecmascript"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -7995,7 +7995,7 @@ dependencies = [
 [[package]]
 name = "turbopack-ecmascript-hmr-protocol"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "serde",
  "serde_json",
@@ -8006,7 +8006,7 @@ dependencies = [
 [[package]]
 name = "turbopack-ecmascript-plugins"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "async-trait",
@@ -8029,7 +8029,7 @@ dependencies = [
 [[package]]
 name = "turbopack-ecmascript-runtime"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "indoc",
@@ -8046,7 +8046,7 @@ dependencies = [
 [[package]]
 name = "turbopack-env"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "indexmap 1.9.3",
@@ -8062,7 +8062,7 @@ dependencies = [
 [[package]]
 name = "turbopack-image"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "base64 0.21.4",
@@ -8082,7 +8082,7 @@ dependencies = [
 [[package]]
 name = "turbopack-json"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "serde",
@@ -8097,7 +8097,7 @@ dependencies = [
 [[package]]
 name = "turbopack-mdx"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "mdxjs",
@@ -8112,7 +8112,7 @@ dependencies = [
 [[package]]
 name = "turbopack-node"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "async-stream",
@@ -8147,7 +8147,7 @@ dependencies = [
 [[package]]
 name = "turbopack-static"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "serde",
@@ -8163,7 +8163,7 @@ dependencies = [
 [[package]]
 name = "turbopack-swc-utils"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "swc_core",
  "turbo-tasks",
@@ -8174,7 +8174,7 @@ dependencies = [
 [[package]]
 name = "turbopack-trace-utils"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "crossbeam-channel",
@@ -8190,7 +8190,7 @@ dependencies = [
 [[package]]
 name = "turbopack-wasm"
 version = "0.1.0"
-source = "git+https://github.com/vercel/turbo.git?branch=01-16-Allow_skipping_postcss_relative_config_resolving#885d4141d366e54fb6c965692401eaa39a85663b"
+source = "git+https://github.com/vercel/turbo.git?tag=turbopack-240117.3#438bdd0b198163a37ff6050cf8ae2c7ca8b07753"
 dependencies = [
  "anyhow",
  "indexmap 1.9.3",
diff --git a/Cargo.toml b/Cargo.toml
index 4abdbcc42a8db..eb511e273c6be 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -37,11 +37,11 @@ swc_core = { version = "0.87.16", features = [
 testing = { version = "0.35.14" }
 
 # Turbo crates
-turbopack-binding = { git = "https://github.com/vercel/turbo.git", branch = "01-16-Allow_skipping_postcss_relative_config_resolving" } # last tag: "turbopack-240117.1"
+turbopack-binding = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-240117.3" }
 # [TODO]: need to refactor embed_directory! macro usages, as well as resolving turbo_tasks::function, macros..
-turbo-tasks = { git = "https://github.com/vercel/turbo.git", branch = "01-16-Allow_skipping_postcss_relative_config_resolving" } # last tag: "turbopack-240117.1"
+turbo-tasks = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-240117.3" }
 # [TODO]: need to refactor embed_directory! macro usage in next-core
-turbo-tasks-fs = { git = "https://github.com/vercel/turbo.git", branch = "01-16-Allow_skipping_postcss_relative_config_resolving" } # last tag: "turbopack-240117.1"
+turbo-tasks-fs = { git = "https://github.com/vercel/turbo.git", tag = "turbopack-240117.3" }
 
 # General Deps
 
diff --git a/packages/next/package.json b/packages/next/package.json
index 17f1fb31a909d..a5ac3357b45af 100644
--- a/packages/next/package.json
+++ b/packages/next/package.json
@@ -194,7 +194,7 @@
     "@types/ws": "8.2.0",
     "@vercel/ncc": "0.34.0",
     "@vercel/nft": "0.26.2",
-    "@vercel/turbopack-ecmascript-runtime": "https://gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?885d4141d366e54fb6c965692401eaa39a85663b",
+    "@vercel/turbopack-ecmascript-runtime": "https://gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?turbopack-240117.3",
     "acorn": "8.5.0",
     "amphtml-validator": "1.0.35",
     "anser": "1.4.9",
diff --git a/pnpm-lock.yaml b/pnpm-lock.yaml
index e63c98d42fac5..a092636f7357d 100644
--- a/pnpm-lock.yaml
+++ b/pnpm-lock.yaml
@@ -1077,8 +1077,8 @@ importers:
         specifier: 0.26.2
         version: 0.26.2
       '@vercel/turbopack-ecmascript-runtime':
-        specifier: https://gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?885d4141d366e54fb6c965692401eaa39a85663b
-        version: '@gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?885d4141d366e54fb6c965692401eaa39a85663b(react-refresh@0.12.0)(webpack@5.86.0)'
+        specifier: https://gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?turbopack-240117.3
+        version: '@gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?turbopack-240117.3(react-refresh@0.12.0)(webpack@5.86.0)'
       acorn:
         specifier: 8.5.0
         version: 8.5.0
@@ -25649,9 +25649,9 @@ packages:
   /zwitch@2.0.4:
     resolution: {integrity: sha512-bXE4cR/kVZhKZX/RjPEflHaKVhUVl85noU3v6b8apfQEc1x4A+zBxjZ4lN8LqGd6WZ3dl98pY4o717VFmoPp+A==}
 
-  '@gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?885d4141d366e54fb6c965692401eaa39a85663b(react-refresh@0.12.0)(webpack@5.86.0)':
-    resolution: {tarball: https://gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?885d4141d366e54fb6c965692401eaa39a85663b}
-    id: '@gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?885d4141d366e54fb6c965692401eaa39a85663b'
+  '@gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?turbopack-240117.3(react-refresh@0.12.0)(webpack@5.86.0)':
+    resolution: {tarball: https://gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?turbopack-240117.3}
+    id: '@gitpkg-fork.vercel.sh/vercel/turbo/crates/turbopack-ecmascript-runtime/js?turbopack-240117.3'
     name: '@vercel/turbopack-ecmascript-runtime'
     version: 0.0.0
     dependencies: