diff --git a/changelogs/fragments/5640-fix-typo-proxmox-inventory.yml b/changelogs/fragments/5640-fix-typo-proxmox-inventory.yml
new file mode 100644
index 0000000000..d5b8de5aea
--- /dev/null
+++ b/changelogs/fragments/5640-fix-typo-proxmox-inventory.yml
@@ -0,0 +1,2 @@
+bugfixes:
+  - "proxmox inventory plugin - fix bug while templating when using templates for the ``url``, ``user``, ``password``, ``token_id``, or ``token_secret`` options (https://github.com/ansible-collections/community.general/pull/5640)."
diff --git a/plugins/inventory/proxmox.py b/plugins/inventory/proxmox.py
index b24bcacf25..904579a494 100644
--- a/plugins/inventory/proxmox.py
+++ b/plugins/inventory/proxmox.py
@@ -615,7 +615,7 @@ class InventoryModule(BaseInventoryPlugin, Constructable, Cacheable):
         for o in ('url', 'user', 'password', 'token_id', 'token_secret'):
             v = self.get_option(o)
             if self.templar.is_template(v):
-                v = self.templar.template(v, disable_looups=False)
+                v = self.templar.template(v, disable_lookups=False)
             setattr(self, 'proxmox_%s' % o, v)
 
         # some more cleanup and validation