diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5af5dd299..c18d9972d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,8 @@
+## 1.86.3
+
+* Fix a bug introduced in 1.86.1 where Sass fails to resolve paths starting with
+  a `..` segment.
+
 ## 1.86.2
 
 * No user-visible changes.
diff --git a/lib/src/io.dart b/lib/src/io.dart
index b691d9fa7..ef4a4998a 100644
--- a/lib/src/io.dart
+++ b/lib/src/io.dart
@@ -25,7 +25,7 @@ bool get _couldBeCaseInsensitive => isWindows || isMacOS;
 
 /// Returns the canonical form of `path` on disk.
 String canonicalize(String path) => _couldBeCaseInsensitive
-    ? _realCasePath(p.absolute(p.normalize(path)))
+    ? _realCasePath(p.normalize(p.absolute(path)))
     : p.canonicalize(path);
 
 /// Returns `path` with the case updated to match the path's case on disk.
diff --git a/pkg/sass-parser/CHANGELOG.md b/pkg/sass-parser/CHANGELOG.md
index c59a0dfb7..09cd98eba 100644
--- a/pkg/sass-parser/CHANGELOG.md
+++ b/pkg/sass-parser/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 0.4.19
+
+* No user-visible changes.
+
 ## 0.4.18
 
 * No user-visible changes.
diff --git a/pkg/sass-parser/package.json b/pkg/sass-parser/package.json
index 661f45396..84e67cef3 100644
--- a/pkg/sass-parser/package.json
+++ b/pkg/sass-parser/package.json
@@ -1,6 +1,6 @@
 {
   "name": "sass-parser",
-  "version": "0.4.18",
+  "version": "0.4.19",
   "description": "A PostCSS-compatible wrapper of the official Sass parser",
   "repository": "sass/sass",
   "author": "Google Inc.",
diff --git a/pkg/sass_api/CHANGELOG.md b/pkg/sass_api/CHANGELOG.md
index 1c4dfc21c..2f4592d8f 100644
--- a/pkg/sass_api/CHANGELOG.md
+++ b/pkg/sass_api/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 15.3.3
+
+* No user-visible changes.
+
 ## 15.3.2
 
 * No user-visible changes.
diff --git a/pkg/sass_api/pubspec.yaml b/pkg/sass_api/pubspec.yaml
index 63aedda99..7bf89328f 100644
--- a/pkg/sass_api/pubspec.yaml
+++ b/pkg/sass_api/pubspec.yaml
@@ -2,7 +2,7 @@ name: sass_api
 # Note: Every time we add a new Sass AST node, we need to bump the *major*
 # version because it's a breaking change for anyone who's implementing the
 # visitor interface(s).
-version: 15.3.2
+version: 15.3.3
 description: Additional APIs for Dart Sass.
 homepage: https://github.com/sass/dart-sass
 
@@ -10,7 +10,7 @@ environment:
   sdk: ">=3.6.0 <4.0.0"
 
 dependencies:
-  sass: 1.86.2
+  sass: 1.86.3
 
 dev_dependencies:
   dartdoc: ^8.0.14
diff --git a/pubspec.yaml b/pubspec.yaml
index 9ca9894ee..4fd65a4ec 100644
--- a/pubspec.yaml
+++ b/pubspec.yaml
@@ -1,5 +1,5 @@
 name: sass
-version: 1.86.2
+version: 1.86.3
 description: A Sass implementation in Dart.
 homepage: https://github.com/sass/dart-sass