diff --git a/docs/changelog/2294.bugfix.rst b/docs/changelog/2294.bugfix.rst
new file mode 100644
index 000000000..be40da746
--- /dev/null
+++ b/docs/changelog/2294.bugfix.rst
@@ -0,0 +1 @@
+Upgrade embedded pip to ``22.0.3`` and setuptools to ``60.7.1`` - by :user:`gaborbernat`.
diff --git a/src/virtualenv/seed/wheels/embed/__init__.py b/src/virtualenv/seed/wheels/embed/__init__.py
index eb5d10216..ab2ec3551 100644
--- a/src/virtualenv/seed/wheels/embed/__init__.py
+++ b/src/virtualenv/seed/wheels/embed/__init__.py
@@ -6,28 +6,28 @@
 BUNDLE_FOLDER = Path(__file__).absolute().parent
 BUNDLE_SUPPORT = {
     "3.11": {
-        "pip": "pip-21.3.1-py3-none-any.whl",
-        "setuptools": "setuptools-60.5.0-py3-none-any.whl",
+        "pip": "pip-22.0.3-py3-none-any.whl",
+        "setuptools": "setuptools-60.7.1-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.10": {
-        "pip": "pip-21.3.1-py3-none-any.whl",
-        "setuptools": "setuptools-60.5.0-py3-none-any.whl",
+        "pip": "pip-22.0.3-py3-none-any.whl",
+        "setuptools": "setuptools-60.7.1-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.9": {
-        "pip": "pip-21.3.1-py3-none-any.whl",
-        "setuptools": "setuptools-60.5.0-py3-none-any.whl",
+        "pip": "pip-22.0.3-py3-none-any.whl",
+        "setuptools": "setuptools-60.7.1-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.8": {
-        "pip": "pip-21.3.1-py3-none-any.whl",
-        "setuptools": "setuptools-60.5.0-py3-none-any.whl",
+        "pip": "pip-22.0.3-py3-none-any.whl",
+        "setuptools": "setuptools-60.7.1-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.7": {
-        "pip": "pip-21.3.1-py3-none-any.whl",
-        "setuptools": "setuptools-60.5.0-py3-none-any.whl",
+        "pip": "pip-22.0.3-py3-none-any.whl",
+        "setuptools": "setuptools-60.7.1-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.6": {
diff --git a/src/virtualenv/seed/wheels/embed/pip-22.0.3-py3-none-any.whl b/src/virtualenv/seed/wheels/embed/pip-22.0.3-py3-none-any.whl
new file mode 100644
index 000000000..21adf1eed
Binary files /dev/null and b/src/virtualenv/seed/wheels/embed/pip-22.0.3-py3-none-any.whl differ
diff --git a/src/virtualenv/seed/wheels/embed/setuptools-60.5.0-py3-none-any.whl b/src/virtualenv/seed/wheels/embed/setuptools-60.7.1-py3-none-any.whl
similarity index 77%
rename from src/virtualenv/seed/wheels/embed/setuptools-60.5.0-py3-none-any.whl
rename to src/virtualenv/seed/wheels/embed/setuptools-60.7.1-py3-none-any.whl
index a7ebf938a..4ad4e555a 100644
Binary files a/src/virtualenv/seed/wheels/embed/setuptools-60.5.0-py3-none-any.whl and b/src/virtualenv/seed/wheels/embed/setuptools-60.7.1-py3-none-any.whl differ