diff --git a/include/bl_storage.h b/include/bl_storage.h
index 1a9c26657afc..7da0bc46fcb1 100644
--- a/include/bl_storage.h
+++ b/include/bl_storage.h
@@ -275,6 +275,19 @@ int get_monotonic_counter(uint16_t counter_desc, counter_t *counter_value);
  */
 int set_monotonic_counter(uint16_t counter_desc, counter_t new_counter);
 
+/**
+ * @brief Checks whether it is possible to update the monotonic counter
+ *        to a new value.
+ *
+ * @param[in]  counter_desc Counter description.
+ *
+ * @retval 0        The counter was updated successfully.
+ * @retval -EINVAL  @p counter_desc is invalid.
+ * @retval -ENOMEM  There are no more free counter slots (see
+ *                  @kconfig{CONFIG_SB_NUM_VER_COUNTER_SLOTS}).
+ */
+int is_monotonic_counter_update_possible(uint16_t counter_desc);
+
 /**
  * @brief The PSA life cycle states a device can be in.
  *
diff --git a/subsys/bootloader/bl_storage/bl_storage.c b/subsys/bootloader/bl_storage/bl_storage.c
index 5cff41a3938d..4596fa400a06 100644
--- a/subsys/bootloader/bl_storage/bl_storage.c
+++ b/subsys/bootloader/bl_storage/bl_storage.c
@@ -390,6 +390,27 @@ int set_monotonic_counter(uint16_t counter_desc, counter_t new_counter)
 	return 0;
 }
 
+int is_monotonic_counter_update_possible(uint16_t counter_desc)
+{
+	int err;
+
+	const counter_t *next_counter_addr;
+	counter_t current_cnt_value;
+
+	err = get_counter(counter_desc, &current_cnt_value, &next_counter_addr);
+	(void) current_cnt_value;
+
+	if (err != 0) {
+		return err;
+	}
+
+	if (next_counter_addr == NULL) {
+		err = -ENOMEM;
+	}
+
+	return err;
+}
+
 static lcs_data_t bl_storage_lcs_get(uint32_t address)
 {
 #if defined(CONFIG_NRFX_NVMC)
diff --git a/subsys/bootloader/bl_storage/nrf_nv_counters.c b/subsys/bootloader/bl_storage/nrf_nv_counters.c
index 0215dd599768..89cc51b8f057 100644
--- a/subsys/bootloader/bl_storage/nrf_nv_counters.c
+++ b/subsys/bootloader/bl_storage/nrf_nv_counters.c
@@ -74,3 +74,19 @@ int32_t boot_nv_security_counter_update(uint32_t image_id, uint32_t img_security
 
 	return err == 0 ? 0 : -BOOT_EBADSTATUS;
 }
+
+fih_int boot_nv_security_counter_is_update_possible(uint32_t image_id,
+						    uint32_t img_security_cnt)
+{
+	int err;
+	(void) image_id;
+	(void) img_security_cnt;
+
+	err = is_monotonic_counter_update_possible(BL_MONOTONIC_COUNTERS_DESC_MCUBOOT_ID0);
+
+	if (err != 0) {
+		FIH_RET(FIH_FAILURE);
+	}
+
+	FIH_RET(FIH_SUCCESS);
+}
diff --git a/west.yml b/west.yml
index f0a887843c10..7230b56bfdcf 100644
--- a/west.yml
+++ b/west.yml
@@ -128,7 +128,7 @@ manifest:
           compare-by-default: true
     - name: mcuboot
       repo-path: sdk-mcuboot
-      revision: 6c096b8ed7bfddf044b20dfb512c4c1fd06c2ef6
+      revision: 0fadab126d9ba51365b3db1cdb6d55ed892c62b4
       path: bootloader/mcuboot
     - name: qcbor
       url: https://github.com/laurencelundblade/QCBOR