diff --git a/pkgs/by-name/vo/volk/package.nix b/pkgs/by-name/vo/volk/package.nix
index caf3c848a1ed..488b4e286419 100644
--- a/pkgs/by-name/vo/volk/package.nix
+++ b/pkgs/by-name/vo/volk/package.nix
@@ -5,41 +5,31 @@
 , cmake
 , python3
 , enableModTool ? true
-, removeReferencesTo
 }:
 
 stdenv.mkDerivation (finalAttrs: {
   pname = "volk";
-  version = "3.0.0";
+  version = "3.1.2";
 
   src = fetchFromGitHub {
     owner = "gnuradio";
     repo = "volk";
     rev = "v${finalAttrs.version}";
-    hash = "sha256-kI4IuO6TLplo5lLAGIPWQWtePcjIEWB9XaJDA6WlqSg=";
+    hash = "sha256-R1FT5sbl0fAAl6YIX5aD5CiQ/AjZkCSDPPQPiuy4WBY=";
     fetchSubmodules = true;
   };
   patches = [
-    # Remove a failing test
+    # https://github.com/gnuradio/volk/pull/766
     (fetchpatch {
-      url = "https://github.com/gnuradio/volk/commit/fe2e4a73480bf2ac2e566052ea682817dddaf61f.patch";
-      hash = "sha256-Vko/Plk7u6UAr32lieU+T9G34Dkg9EW3Noi/NArpRL4=";
+      url = "https://github.com/gnuradio/volk/commit/e46771a739658b5483c25ee1203587bf07468c4d.patch";
+      hash = "sha256-33V6lA4Ch50o2E7HPUMQ2NPqHXx/i6FUbz3vIaQa9Wc=";
     })
   ];
 
-  cmakeFlags = lib.optionals (!enableModTool) [
-    "-DENABLE_MODTOOL=OFF"
-  ] ++ lib.optionals (stdenv.isDarwin && stdenv.isAarch64) [
-    "-DVOLK_CPU_FEATURES=OFF"
-    # offset 17912 in1: -0.0366274 in2: -0.0366173 tolerance was: 1e-05
-    # volk_32f_log2_32f: fail on arch neon
-    "-DCMAKE_CTEST_ARGUMENTS=--exclude-regex;qa_volk_32f_log2_32f"
+  cmakeFlags = [
+    (lib.cmakeBool "ENABLE_MODTOOL" enableModTool)
   ];
 
-  postInstall = lib.optionalString (!stdenv.isDarwin) ''
-    ${removeReferencesTo}/bin/remove-references-to -t ${stdenv.cc} $(readlink -f $out/lib/libvolk.so)
-  '';
-
   nativeBuildInputs = [
     cmake
     python3