What is the relationship between virtualenv and pyenv?

I recently learned how to use virtualenv and virtualenvwrapper in my workflow but I’ve seen pyenv mentioned in a few guides but I can’t seem to get an understanding of what pyenv is and how it is different/similar to virtualenv. Is pyenv a better/newer replacement for virtualenv or a complimentary tool? If the latter what does it do differently and how do the two (and virtualenvwrapper if applicable) work together?

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