diff --git a/ballerina-tests/http-service-tests/Dependencies.toml b/ballerina-tests/http-service-tests/Dependencies.toml
index 4efebe9cc..eaa2f208f 100644
--- a/ballerina-tests/http-service-tests/Dependencies.toml
+++ b/ballerina-tests/http-service-tests/Dependencies.toml
@@ -5,7 +5,7 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.10.0"
+distribution-version = "2201.11.0-20241008-112400-81975006"
 
 [[package]]
 org = "ballerina"
diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index 10736d50e..1df0b93a9 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -7,7 +7,7 @@ keywords = ["http", "network", "service", "listener", "client"]
 repository = "https://github.com/ballerina-platform/module-ballerina-http"
 icon = "icon.png"
 license = ["Apache-2.0"]
-distribution = "2201.10.0"
+distribution = "2201.11.0"
 export = ["http", "http.httpscerr"]
 
 [platform.java17]
@@ -34,56 +34,56 @@ path = "./lib/constraint-native-1.5.0.jar"
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-common"
-version = "4.1.108.Final"
-path = "./lib/netty-common-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-common-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-buffer"
-version = "4.1.108.Final"
-path = "./lib/netty-buffer-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-buffer-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-transport"
-version = "4.1.108.Final"
-path = "./lib/netty-transport-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-transport-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-resolver"
-version = "4.1.108.Final"
-path = "./lib/netty-resolver-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-resolver-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler"
-version = "4.1.108.Final"
-path = "./lib/netty-handler-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-handler-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-http"
-version = "4.1.108.Final"
-path = "./lib/netty-codec-http-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-codec-http-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec"
-version = "4.1.108.Final"
-path = "./lib/netty-codec-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-codec-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-handler-proxy"
-version = "4.1.108.Final"
-path = "./lib/netty-handler-proxy-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-handler-proxy-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-http2"
-version = "4.1.108.Final"
-path = "./lib/netty-codec-http2-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-codec-http2-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "commons-pool.wso2"
@@ -94,8 +94,8 @@ path = "./lib/commons-pool-1.5.6.wso2v1.jar"
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-transport-native-unix-common"
-version = "4.1.108.Final"
-path = "./lib/netty-transport-native-unix-common-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-transport-native-unix-common-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "org.bouncycastle"
@@ -151,8 +151,8 @@ path = "./lib/mimepull-1.9.11.jar"
 [[platform.java17.dependency]]
 groupId = "io.netty"
 artifactId = "netty-codec-socks"
-version = "4.1.108.Final"
-path = "./lib/netty-codec-socks-4.1.108.Final.jar"
+version = "4.1.115.Final"
+path = "./lib/netty-codec-socks-4.1.115.Final.jar"
 
 [[platform.java17.dependency]]
 groupId = "org.jboss.marshalling"
diff --git a/changelog.md b/changelog.md
index fe07049d9..0e8cda641 100644
--- a/changelog.md
+++ b/changelog.md
@@ -21,6 +21,7 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 
 - [Address CVE-2024-7254 vulnerability](https://github.com/ballerina-platform/ballerina-library/issues/7013)
 - [Fix duplicating `Content-Type` header via the `addHeader` method](https://github.com/ballerina-platform/ballerina-library/issues/7268)
+- [Update netty version](https://github.com/ballerina-platform/ballerina-library/issues/7358)
 
 ## [2.12.0] - 2024-08-20
 
diff --git a/gradle.properties b/gradle.properties
index 360a9f1be..e3df57a3a 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -4,7 +4,7 @@ version=2.13.0-SNAPSHOT
 ballerinaLangVersion=2201.11.0-20241008-112400-81975006
 ballerinaTomlParserVersion=1.2.2
 commonsLang3Version=3.12.0
-nettyVersion=4.1.108.Final
+nettyVersion=4.1.115.Final
 nettyTcnativeVersion=2.0.65.Final
 bouncycastleVersion=1.78
 slf4jVersion=1.7.30