diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index d55ad22489..c545d02f66 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -13,9 +13,9 @@ baselinePerfExtra = "3.5.1"
 
 # Other shared versions
 #note that some micrometer artifacts like context-propagation has a different version directly set in libraries below
-micrometer = "1.13.0"
+micrometer = "1.13.1"
 micrometerDocsGenerator = "1.0.2"
-micrometerTracingTest="1.3.0"
+micrometerTracingTest="1.3.1"
 contextPropagation="1.1.1"
 kotlin = "1.8.22"
 reactiveStreams = "1.0.4"
diff --git a/settings.gradle b/settings.gradle
index 97632f43b4..27837dd743 100644
--- a/settings.gradle
+++ b/settings.gradle
@@ -29,9 +29,9 @@ dependencyResolutionManagement {
   versionCatalogs {
 	libs {
 	  if (System.getProperty("useSnapshotMicrometerVersion")) {
-		version('micrometer', '1.13.1-SNAPSHOT')
+		version('micrometer', '1.13.2-SNAPSHOT')
 		version('micrometerDocsGenerator', "1.0.3-SNAPSHOT")
-		version('micrometerTracingTest', "1.3.1-SNAPSHOT")
+		version('micrometerTracingTest', "1.3.2-SNAPSHOT")
 		version('contextPropagation', "1.1.2-SNAPSHOT")
 	  }
 	}