diff --git a/packages/@headlessui-react/CHANGELOG.md b/packages/@headlessui-react/CHANGELOG.md
index 758a8dc..10eeead 100644
--- a/packages/@headlessui-react/CHANGELOG.md
+++ b/packages/@headlessui-react/CHANGELOG.md
@@ -45,6 +45,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 - Add new `CloseButton` component and `useClose` hook ([#3096](https://github.com/tailwindlabs/headlessui/pull/3096))
 - Allow passing a boolean to the `anchor` prop ([#3121](https://github.com/tailwindlabs/headlessui/pull/3121))
 - Add `portal` prop to `Combobox`, `Listbox`, `Menu` and `Popover` components ([#3124](https://github.com/tailwindlabs/headlessui/pull/3124))
+- Add frozen value to `ComboboxOptions` component ([#3126](https://github.com/tailwindlabs/headlessui/pull/3126))
 
 ## [1.7.19] - 2024-04-15
 
diff --git a/packages/@headlessui-react/src/components/combobox/combobox.test.tsx b/packages/@headlessui-react/src/components/combobox/combobox.test.tsx
index 912964d..4012bd6 100644
--- a/packages/@headlessui-react/src/components/combobox/combobox.test.tsx
+++ b/packages/@headlessui-react/src/components/combobox/combobox.test.tsx
@@ -4289,7 +4289,6 @@ describe.each([{ virtual: true }, { virtual: false }])(
 
             // Verify that we don't have an selected option anymore
             assertNotActiveComboboxOption(options[1])
-            assertNoSelectedComboboxOption()
 
             // Verify that we saw the `null` change coming in
             expect(handleChange).toHaveBeenCalledTimes(1)
diff --git a/packages/@headlessui-react/src/components/combobox/combobox.tsx b/packages/@headlessui-react/src/components/combobox/combobox.tsx
index 204a2bc..118d8df 100644
--- a/packages/@headlessui-react/src/components/combobox/combobox.tsx
+++ b/packages/@headlessui-react/src/components/combobox/combobox.tsx
@@ -1646,17 +1646,35 @@ function OptionsFn<TTag extends ElementType = typeof DEFAULT_OPTIONS_TAG>(
     })
   }
 
+  // Frozen state, the selected value will only update visually when the user re-opens the <Combobox />
+  let [frozenValue, setFrozenValue] = useState(data.value)
+  if (
+    data.value !== frozenValue &&
+    data.comboboxState === ComboboxState.Open &&
+    data.mode !== ValueMode.Multi
+  ) {
+    setFrozenValue(data.value)
+  }
+
+  let isSelected = useEvent((compareValue: unknown) => {
+    return data.compare(frozenValue, compareValue)
+  })
+
   return (
     <Portal enabled={visible && portal}>
-      {render({
-        ourProps,
-        theirProps,
-        slot,
-        defaultTag: DEFAULT_OPTIONS_TAG,
-        features: OptionsRenderFeatures,
-        visible,
-        name: 'Combobox.Options',
-      })}
+      <ComboboxDataContext.Provider
+        value={data.mode === ValueMode.Multi ? data : { ...data, isSelected }}
+      >
+        {render({
+          ourProps,
+          theirProps,
+          slot,
+          defaultTag: DEFAULT_OPTIONS_TAG,
+          features: OptionsRenderFeatures,
+          visible,
+          name: 'Combobox.Options',
+        })}
+      </ComboboxDataContext.Provider>
     </Portal>
   )
 }
@@ -1796,7 +1814,7 @@ function OptionFn<
     }
 
     if (data.mode === ValueMode.Single) {
-      requestAnimationFrame(() => actions.closeCombobox())
+      actions.closeCombobox()
     }
   })