diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index f30449a8ea0..2caa04a4b4d 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -29,7 +29,7 @@ com-unboundid-unboundid-ldapsdk = "com.unboundid:unboundid-ldapsdk:6.0.11"
 com-unboundid-unboundid-ldapsdk7 = "com.unboundid:unboundid-ldapsdk:7.0.1"
 commons-collections = "commons-collections:commons-collections:3.2.2"
 io-micrometer-context-propagation = "io.micrometer:context-propagation:1.1.3"
-io-micrometer-micrometer-observation = "io.micrometer:micrometer-observation:1.14.5"
+io-micrometer-micrometer-observation = "io.micrometer:micrometer-observation:1.14.6"
 io-mockk = "io.mockk:mockk:1.14.0"
 io-projectreactor-reactor-bom = "io.projectreactor:reactor-bom:2023.0.16"
 io-rsocket-rsocket-bom = { module = "io.rsocket:rsocket-bom", version.ref = "io-rsocket" }