diff --git a/CHANGELOG.md b/CHANGELOG.md
index ac08fbaa37..6d06d65d96 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -43,6 +43,7 @@ The minor version will be incremented upon a breaking change and the patch versi
 - lang: Add a sanity check for unimplemented token extensions ([#3090](https://github.com/coral-xyz/anchor/pull/3090)).
 - cli: Skip IDL checks if `--no-idl` option is passed ([#3093](https://github.com/coral-xyz/anchor/pull/3093)).
 - lang: Remove unnecessary clone in account exit routine ([#3139](https://github.com/coral-xyz/anchor/pull/3139)).
+- cli: Fix installation with `--locked` argument using Rust v1.80 due to `time` crate issue ([#3143](https://github.com/coral-xyz/anchor/pull/3143)).
 
 ### Breaking
 
diff --git a/Cargo.lock b/Cargo.lock
index a1b18b02cc..7587041401 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -1431,9 +1431,12 @@ dependencies = [
 
 [[package]]
 name = "deranged"
-version = "0.3.8"
+version = "0.3.11"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f2696e8a945f658fd14dc3b87242e6b80cd0f36ff04ea560fa39082368847946"
+checksum = "b42b6fa04a440b495c8b04d0e71b707c585f83cb9cb28cf8cd0d976c315e31b4"
+dependencies = [
+ "powerfmt",
+]
 
 [[package]]
 name = "derivation-path"
@@ -2628,6 +2631,12 @@ dependencies = [
  "num-traits",
 ]
 
+[[package]]
+name = "num-conv"
+version = "0.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "51d515d32fb182ee37cda2ccdcb92950d6a3c2893aa280e540671c2cd0f3b1d9"
+
 [[package]]
 name = "num-derive"
 version = "0.3.3"
@@ -3013,6 +3022,12 @@ dependencies = [
  "rand 0.8.5",
 ]
 
+[[package]]
+name = "powerfmt"
+version = "0.2.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "439ee305def115ba05938db6eb1644ff94165c5ab5e9420d1c1bcedbba909391"
+
 [[package]]
 name = "ppv-lite86"
 version = "0.2.17"
@@ -5275,12 +5290,14 @@ dependencies = [
 
 [[package]]
 name = "time"
-version = "0.3.29"
+version = "0.3.36"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "426f806f4089c493dcac0d24c29c01e2c38baf8e30f1b716ee37e83d200b18fe"
+checksum = "5dfd88e563464686c916c7e46e623e520ddc6d79fa6641390f2e3fa86e83e885"
 dependencies = [
  "deranged",
  "itoa",
+ "num-conv",
+ "powerfmt",
  "serde",
  "time-core",
  "time-macros",
@@ -5294,10 +5311,11 @@ checksum = "ef927ca75afb808a4d64dd374f00a2adf8d0fcff8e7b184af886c3c87ec4a3f3"
 
 [[package]]
 name = "time-macros"
-version = "0.2.15"
+version = "0.2.18"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4ad70d68dba9e1f8aceda7aa6711965dfec1cac869f311a51bd08b3a2ccbce20"
+checksum = "3f252a68540fde3a3877aeea552b832b40ab9a69e318efd078774a01ddee1ccf"
 dependencies = [
+ "num-conv",
  "time-core",
 ]