diff --git a/.github/actions/install-rust/action.yml b/.github/actions/install-rust/action.yml
index ca15ea54c6a2..759cf6e1c891 100644
--- a/.github/actions/install-rust/action.yml
+++ b/.github/actions/install-rust/action.yml
@@ -28,7 +28,7 @@ runs:
         elif [ "${{ inputs.toolchain }}" = "msrv" ]; then
           echo "version=1.$msrv.0" >> "$GITHUB_OUTPUT"
         elif [ "${{ inputs.toolchain }}" = "wasmtime-ci-pinned-nightly" ]; then
-          echo "version=nightly-2024-11-28" >> "$GITHUB_OUTPUT"
+          echo "version=nightly-2025-01-09" >> "$GITHUB_OUTPUT"
         else
           echo "version=${{ inputs.toolchain }}" >> "$GITHUB_OUTPUT"
         fi
diff --git a/Cargo.toml b/Cargo.toml
index 53f35e4e8563..5dd9d2aad5fc 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -168,7 +168,7 @@ authors = ["The Wasmtime Project Developers"]
 edition = "2021"
 # Wasmtime's current policy is that this number can be no larger than the
 # current stable release of Rust minus 2.
-rust-version = "1.81.0"
+rust-version = "1.82.0"
 
 [workspace.lints.rust]
 # Turn on some lints which are otherwise allow-by-default in rustc.