diff --git a/Cargo.lock b/Cargo.lock
index 33bca4005483c..96f60586b7703 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2873,9 +2873,9 @@ checksum = "ad0a93d233ebf96623465aad4046a8d3aa4da22d4f4beba5388838c8a434bbb4"
 
 [[package]]
 name = "git2"
-version = "0.16.1"
+version = "0.17.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ccf7f68c2995f392c49fffb4f95ae2c873297830eb25c6bc4c114ce8f4562acc"
+checksum = "8b7905cdfe33d31a88bb2e8419ddd054451f5432d1da9eaf2ac7804ee1ea12d5"
 dependencies = [
  "bitflags",
  "libc",
@@ -3765,9 +3765,9 @@ checksum = "99227334921fae1a979cf0bfdfcc6b3e5ce376ef57e16fb6fb3ea2ed6095f80c"
 
 [[package]]
 name = "libgit2-sys"
-version = "0.14.2+1.5.1"
+version = "0.15.1+1.6.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "7f3d95f6b51075fe9810a7ae22c7095f12b98005ab364d8544797a825ce946a4"
+checksum = "fb4577bde8cdfc7d6a2a4bcb7b049598597de33ffd337276e9c7db6cd4a2cee7"
 dependencies = [
  "cc",
  "libc",
diff --git a/utils/frame/generate-bags/Cargo.toml b/utils/frame/generate-bags/Cargo.toml
index a24af6a2704ae..8d673884368fe 100644
--- a/utils/frame/generate-bags/Cargo.toml
+++ b/utils/frame/generate-bags/Cargo.toml
@@ -17,5 +17,5 @@ pallet-staking = { version = "4.0.0-dev", path = "../../../frame/staking" }
 
 # third party
 chrono = { version = "0.4.19" }
-git2 = { version = "0.16.0", default-features = false }
+git2 = { version = "0.17.1", default-features = false }
 num-format = "0.4.3"