diff --git a/.changes/next-release/feature-AWSSDKforJavav2-48efdc3.json b/.changes/next-release/feature-AWSSDKforJavav2-48efdc3.json
new file mode 100644
index 00000000000..f7de44d6477
--- /dev/null
+++ b/.changes/next-release/feature-AWSSDKforJavav2-48efdc3.json
@@ -0,0 +1,6 @@
+{
+    "type": "feature",
+    "category": "AWS SDK for Java v2",
+    "contributor": "mrdziuban",
+    "description": "Update Netty to 4.1.124"
+}
diff --git a/pom.xml b/pom.xml
index 6fbaa6932fd..560e128ffa2 100644
--- a/pom.xml
+++ b/pom.xml
@@ -116,7 +116,7 @@
         <equalsverifier.version>3.15.1</equalsverifier.version>
         <!-- Update netty-open-ssl-version accordingly whenever we update netty version-->
         <!-- https://github.com/netty/netty/blob/4.1/pom.xml search "tcnative.version" -->
-        <netty.version>4.1.123.Final</netty.version>
+        <netty.version>4.1.124.Final</netty.version>
         <unitils.version>3.4.6</unitils.version>
         <xmlunit.version>1.3</xmlunit.version>
         <project.build.sourceEncoding>UTF-8</project.build.sourceEncoding>