diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index f928efe1d9f3..3da0d82edd6c 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -12,7 +12,7 @@ val otelSdkVersion = "1.41.0"
 val otelSdkAlphaVersion = otelSdkVersion.replaceFirst("(-SNAPSHOT)?$".toRegex(), "-alpha$1")
 
 // Need both BOM and groovy jars
-val groovyVersion = "4.0.22"
+val groovyVersion = "4.0.23"
 
 // We don't force libraries we instrument to new versions since we compile and test against specific
 // old baseline versions but we do try to force those libraries' transitive dependencies to new