diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 8880df834d..444e42c34a 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -34,56 +34,56 @@ path = "./lib/constraint-native-1.3.0-20230620-195700-ca941bc.jar"
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-common"
-version = "4.1.86.Final"
-path = "./lib/netty-common-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-common-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-buffer"
-version = "4.1.86.Final"
-path = "./lib/netty-buffer-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-buffer-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-transport"
-version = "4.1.86.Final"
-path = "./lib/netty-transport-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-transport-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-resolver"
-version = "4.1.86.Final"
-path = "./lib/netty-resolver-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-resolver-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler"
-version = "4.1.86.Final"
-path = "./lib/netty-handler-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-handler-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-http"
-version = "4.1.86.Final"
-path = "./lib/netty-codec-http-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-codec-http-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec"
-version = "4.1.86.Final"
-path = "./lib/netty-codec-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-codec-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler-proxy"
-version = "4.1.86.Final"
-path = "./lib/netty-handler-proxy-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-handler-proxy-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-http2"
-version = "4.1.86.Final"
-path = "./lib/netty-codec-http2-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-codec-http2-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "commons-pool.wso2"
@@ -94,8 +94,8 @@ path = "./lib/commons-pool-1.5.6.wso2v1.jar"
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-transport-native-unix-common"
-version = "4.1.86.Final"
-path = "./lib/netty-transport-native-unix-common-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-transport-native-unix-common-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "org.bouncycastle"
@@ -145,8 +145,8 @@ path = "./lib/mimepull-1.9.11.jar"
 [[platform.java11.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-socks"
-version = "4.1.86.Final"
-path = "./lib/netty-codec-socks-4.1.86.Final.jar"
+version = "4.1.94.Final"
+path = "./lib/netty-codec-socks-4.1.94.Final.jar"
 
 [[platform.java11.dependency]]
 groupId = "org.jboss.marshalling"
diff --git a/gradle.properties b/gradle.properties
index 5f228c7414..2419f01573 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -4,7 +4,7 @@ version=2.9.0-SNAPSHOT
 ballerinaLangVersion=2201.7.0-20230619-175900-bb4e4544
 ballerinaTomlParserVersion=1.2.2
 commonsLang3Version=3.8.1
-nettyVersion=4.1.86.Final
+nettyVersion=4.1.94.Final
 nettyTcnativeVersion=2.0.54.Final
 bouncycastleVersion=1.69
 slf4jVersion=1.7.30