diff --git a/changelogs/fragments/49723-jenkins-plugin-install-latest.yaml b/changelogs/fragments/49723-jenkins-plugin-install-latest.yaml
new file mode 100644
index 00000000000..e1fb97f2e87
--- /dev/null
+++ b/changelogs/fragments/49723-jenkins-plugin-install-latest.yaml
@@ -0,0 +1,2 @@
+bugfixes:
+  - "jenkins_plugin - ``version: latest`` should install new plugins with their dependencies"
diff --git a/lib/ansible/modules/web_infrastructure/jenkins_plugin.py b/lib/ansible/modules/web_infrastructure/jenkins_plugin.py
index 27234573bce..34dcc28889f 100644
--- a/lib/ansible/modules/web_infrastructure/jenkins_plugin.py
+++ b/lib/ansible/modules/web_infrastructure/jenkins_plugin.py
@@ -387,7 +387,7 @@ class JenkinsPlugin(object):
                 self.params['jenkins_home'],
                 self.params['name']))
 
-        if not self.is_installed and self.params['version'] is None:
+        if not self.is_installed and self.params['version'] in [None, 'latest']:
             if not self.module.check_mode:
                 # Install the plugin (with dependencies)
                 install_script = (