diff --git a/newsfragments/3142.fixed.md b/newsfragments/3142.fixed.md
new file mode 100644
index 00000000..45af8b95
--- /dev/null
+++ b/newsfragments/3142.fixed.md
@@ -0,0 +1 @@
+Extend lifetime of holder variables to avoid "temporary value dropped while borrowed" errors when `#[pyfunction]`s take references into `#[pyclass]`es
diff --git a/pyo3-macros-backend/src/method.rs b/pyo3-macros-backend/src/method.rs
index 01aedf69..b7f96747 100644
--- a/pyo3-macros-backend/src/method.rs
+++ b/pyo3-macros-backend/src/method.rs
@@ -425,9 +425,8 @@ impl<'a> FnSpec<'a> {
 
         let rust_call = |args: Vec<TokenStream>| {
             quote! {
-                let mut ret = function(#self_arg #(#args),*);
-                let owned = _pyo3::impl_::pymethods::OkWrap::wrap(ret, #py);
-                owned.map(|obj| _pyo3::conversion::IntoPyPointer::into_ptr(obj))
+                _pyo3::impl_::pymethods::OkWrap::wrap(function(#self_arg #(#args),*), #py)
+                    .map(|obj| _pyo3::conversion::IntoPyPointer::into_ptr(obj))
                     .map_err(::core::convert::Into::into)
             }
         };
diff --git a/pyo3-macros-backend/src/pymethod.rs b/pyo3-macros-backend/src/pymethod.rs
index 686f0798..a0b0b425 100644
--- a/pyo3-macros-backend/src/pymethod.rs
+++ b/pyo3-macros-backend/src/pymethod.rs
@@ -456,9 +456,8 @@ fn impl_py_class_attribute(cls: &syn::Type, spec: &FnSpec<'_>) -> syn::Result<Me
         fn #wrapper_ident(py: _pyo3::Python<'_>) -> _pyo3::PyResult<_pyo3::PyObject> {
             let function = #cls::#name; // Shadow the method name to avoid #3017
             #deprecations
-            let mut ret = #fncall;
-            let owned = _pyo3::impl_::pymethods::OkWrap::wrap(ret, py);
-            owned.map_err(::core::convert::Into::into)
+            _pyo3::impl_::pymethods::OkWrap::wrap(#fncall, py)
+                .map_err(::core::convert::Into::into)
         }
     };