diff --git a/changelogs/fragments/57824-python-3-support-ovirt-dynamic-inv.yml b/changelogs/fragments/57824-python-3-support-ovirt-dynamic-inv.yml
new file mode 100644
index 00000000000..3751a2c01e7
--- /dev/null
+++ b/changelogs/fragments/57824-python-3-support-ovirt-dynamic-inv.yml
@@ -0,0 +1,2 @@
+minor_changes:
+  - ovirt4 inventory - Updated the dynamic inventory script for Python 3 support
diff --git a/contrib/inventory/ovirt4.py b/contrib/inventory/ovirt4.py
index 69c3cc3a05f..74205ae449c 100755
--- a/contrib/inventory/ovirt4.py
+++ b/contrib/inventory/ovirt4.py
@@ -121,7 +121,7 @@ def create_connection():
             'ovirt_url': os.environ.get('OVIRT_URL'),
             'ovirt_username': os.environ.get('OVIRT_USERNAME'),
             'ovirt_password': os.environ.get('OVIRT_PASSWORD'),
-            'ovirt_ca_file': os.environ.get('OVIRT_CAFILE'),
+            'ovirt_ca_file': os.environ.get('OVIRT_CAFILE', ''),
         }
     )
     if not config.has_section('ovirt'):
@@ -133,8 +133,8 @@ def create_connection():
         url=config.get('ovirt', 'ovirt_url'),
         username=config.get('ovirt', 'ovirt_username'),
         password=config.get('ovirt', 'ovirt_password', raw=True),
-        ca_file=config.get('ovirt', 'ovirt_ca_file'),
-        insecure=config.get('ovirt', 'ovirt_ca_file') is None,
+        ca_file=config.get('ovirt', 'ovirt_ca_file') or None,
+        insecure=not config.get('ovirt', 'ovirt_ca_file'),
     )