diff --git a/Cargo.lock b/Cargo.lock
index b0ec498ce3b99..5495f3a009891 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -742,7 +742,7 @@ version = "0.65.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "cfdf7b466f9a4903edc73f95d6d2bcd5baf8ae620638762244d3f60143643cc5"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "cexpr",
  "clang-sys",
  "lazy_static",
@@ -763,6 +763,12 @@ version = "1.3.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bef38d45163c2f1dde094a7dfd33ccf595c92905c8f8f4fdc18d06fb1037718a"
 
+[[package]]
+name = "bitflags"
+version = "2.3.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "6776fc96284a0bb647b615056fc496d1fe1644a7ab01829818a6d91cae888b84"
+
 [[package]]
 name = "bitvec"
 version = "1.0.1"
@@ -1196,7 +1202,7 @@ version = "3.2.25"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4ea181bf566f71cb9a5d17a59e1871af638180a18fb0035c92ae62b705207123"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "clap_lex 0.2.4",
  "indexmap",
  "textwrap",
@@ -1221,7 +1227,7 @@ checksum = "914c8c79fb560f238ef6429439a30023c862f7a28e688c58f7203f12b29970bd"
 dependencies = [
  "anstream",
  "anstyle",
- "bitflags",
+ "bitflags 1.3.2",
  "clap_lex 0.4.1",
  "strsim",
 ]
@@ -1374,23 +1380,24 @@ dependencies = [
 
 [[package]]
 name = "cranelift-bforest"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "1277fbfa94bc82c8ec4af2ded3e639d49ca5f7f3c7eeab2c66accd135ece4e70"
+checksum = "9c064a534a914eb6709d198525321a386dad50627aecfaf64053f369993a3e5a"
 dependencies = [
  "cranelift-entity",
 ]
 
 [[package]]
 name = "cranelift-codegen"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c6e8c31ad3b2270e9aeec38723888fe1b0ace3bea2b06b3f749ccf46661d3220"
+checksum = "619ed4d24acef0bd58b16a1be39077c0b36c65782e6c933892439af5e799110e"
 dependencies = [
  "bumpalo",
  "cranelift-bforest",
  "cranelift-codegen-meta",
  "cranelift-codegen-shared",
+ "cranelift-control",
  "cranelift-entity",
  "cranelift-isle",
  "gimli",
@@ -1403,33 +1410,42 @@ dependencies = [
 
 [[package]]
 name = "cranelift-codegen-meta"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c8ac5ac30d62b2d66f12651f6b606dbdfd9c2cfd0908de6b387560a277c5c9da"
+checksum = "c777ce22678ae1869f990b2f31e0cd7ca109049213bfc0baf3e2205a18b21ebb"
 dependencies = [
  "cranelift-codegen-shared",
 ]
 
 [[package]]
 name = "cranelift-codegen-shared"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "dd82b8b376247834b59ed9bdc0ddeb50f517452827d4a11bccf5937b213748b8"
+checksum = "eb65884d17a1fa55990dd851c43c140afb4c06c3312cf42cfa1222c3b23f9561"
+
+[[package]]
+name = "cranelift-control"
+version = "0.96.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "9a0cea8abc90934d0a7ee189a29fd35fecd5c40f59ae7e6aab1805e8ab1a535e"
+dependencies = [
+ "arbitrary",
+]
 
 [[package]]
 name = "cranelift-entity"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "40099d38061b37e505e63f89bab52199037a72b931ad4868d9089ff7268660b0"
+checksum = "c2e50bebc05f2401a1320169314b62f91ad811ef20163cac00151d78e0684d4c"
 dependencies = [
  "serde",
 ]
 
 [[package]]
 name = "cranelift-frontend"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "64a25d9d0a0ae3079c463c34115ec59507b4707175454f0eee0891e83e30e82d"
+checksum = "7b82ccfe704d53f669791399d417928410785132d809ec46f5e2ce069e9d17c8"
 dependencies = [
  "cranelift-codegen",
  "log",
@@ -1439,15 +1455,15 @@ dependencies = [
 
 [[package]]
 name = "cranelift-isle"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "80de6a7d0486e4acbd5f9f87ec49912bf4c8fb6aea00087b989685460d4469ba"
+checksum = "a2515d8e7836f9198b160b2c80aaa1f586d7749d57d6065af86223fb65b7e2c3"
 
 [[package]]
 name = "cranelift-native"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "bb6b03e0e03801c4b3fd8ce0758a94750c07a44e7944cc0ffbf0d3f2e7c79b00"
+checksum = "bcb47ffdcdac7e9fed6e4a618939773a4dc4a412fa7da9e701ae667431a10af3"
 dependencies = [
  "cranelift-codegen",
  "libc",
@@ -1456,9 +1472,9 @@ dependencies = [
 
 [[package]]
 name = "cranelift-wasm"
-version = "0.95.1"
+version = "0.96.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "ff3220489a3d928ad91e59dd7aeaa8b3de18afb554a6211213673a71c90737ac"
+checksum = "852390f92c3eaa457e42be44d174ff5abbbcd10062d5963bda8ffb2505e73a71"
 dependencies = [
  "cranelift-codegen",
  "cranelift-entity",
@@ -1809,6 +1825,15 @@ dependencies = [
  "syn 1.0.109",
 ]
 
+[[package]]
+name = "debugid"
+version = "0.8.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "bef552e6f588e446098f6ba40d89ac146c8c7b64aade83c051ee00bb5d2bc18d"
+dependencies = [
+ "uuid",
+]
+
 [[package]]
 name = "der"
 version = "0.6.1"
@@ -2671,7 +2696,7 @@ name = "frame-support"
 version = "4.0.0-dev"
 dependencies = [
  "assert_matches",
- "bitflags",
+ "bitflags 1.3.2",
  "environmental",
  "frame-metadata",
  "frame-support-procedural",
@@ -3013,6 +3038,19 @@ dependencies = [
  "byteorder",
 ]
 
+[[package]]
+name = "fxprof-processed-profile"
+version = "0.6.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "27d12c0aed7f1e24276a241aadc4cb8ea9f83000f34bc062b7cc2d51e3b0fabd"
+dependencies = [
+ "bitflags 2.3.1",
+ "debugid",
+ "fxhash",
+ "serde",
+ "serde_json",
+]
+
 [[package]]
 name = "generate-bags"
 version = "4.0.0-dev"
@@ -3115,7 +3153,7 @@ version = "0.16.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ccf7f68c2995f392c49fffb4f95ae2c873297830eb25c6bc4c114ce8f4562acc"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "libc",
  "libgit2-sys",
  "log",
@@ -5117,7 +5155,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d9ea4302b9759a7a88242299225ea3688e63c85ea136371bb6cf94fd674efaab"
 dependencies = [
  "anyhow",
- "bitflags",
+ "bitflags 1.3.2",
  "byteorder",
  "libc",
  "netlink-packet-core",
@@ -5170,7 +5208,7 @@ version = "0.24.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fa52e972a9a719cecb6864fb88568781eb706bac2cd1d4f04a648542dbf78069"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "cfg-if",
  "libc",
  "memoffset 0.6.5",
@@ -5182,7 +5220,7 @@ version = "0.26.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "bfdda3d196821d6af13126e40375cdf7da646a96114af134d5f417a9a1dc8e1a"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "cfg-if",
  "libc",
  "memoffset 0.7.1",
@@ -6177,7 +6215,7 @@ version = "4.0.0-dev"
 dependencies = [
  "array-bytes 4.2.0",
  "assert_matches",
- "bitflags",
+ "bitflags 1.3.2",
  "env_logger 0.9.3",
  "environmental",
  "frame-benchmarking",
@@ -6215,7 +6253,7 @@ dependencies = [
 name = "pallet-contracts-primitives"
 version = "7.0.0"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "parity-scale-codec",
  "scale-info",
  "sp-runtime",
@@ -7787,7 +7825,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "4b2d323e8ca7996b3e23126511a523f7e62924d93ecd5ae73b333815b0eb3dce"
 dependencies = [
  "autocfg",
- "bitflags",
+ "bitflags 1.3.2",
  "cfg-if",
  "concurrent-queue",
  "libc",
@@ -8324,7 +8362,7 @@ version = "0.2.16"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "fb5a58c1855b4b6819d59012155603f0b22ad30cad752600aadfcb695265519a"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
 ]
 
 [[package]]
@@ -8333,7 +8371,7 @@ version = "0.3.5"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "567664f262709473930a4bf9e51bf2ebf3348f2e748ccc50dea20646858f8f29"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
 ]
 
 [[package]]
@@ -8369,12 +8407,13 @@ dependencies = [
 
 [[package]]
 name = "regalloc2"
-version = "0.6.1"
+version = "0.8.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "80535183cae11b149d618fbd3c37e38d7cda589d82d7769e196ca9a9042d7621"
+checksum = "d4a52e724646c6c0800fc456ec43b4165d2f91fba88ceaca06d9e0b400023478"
 dependencies = [
- "fxhash",
+ "hashbrown 0.13.2",
  "log",
+ "rustc-hash",
  "slice-group-by",
  "smallvec",
 ]
@@ -8579,7 +8618,7 @@ version = "0.36.13"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "3a38f9520be93aba504e8ca974197f46158de5dcaa9fa04b57c57cd6a679d658"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "errno",
  "io-lifetimes",
  "libc",
@@ -8593,7 +8632,7 @@ version = "0.37.19"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "acf8729d8542766f1b2cf77eb034d52f40d375bb8b615d0b147089946e16613d"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "errno",
  "io-lifetimes",
  "libc",
@@ -9479,7 +9518,7 @@ version = "0.10.0-dev"
 dependencies = [
  "array-bytes 4.2.0",
  "async-trait",
- "bitflags",
+ "bitflags 1.3.2",
  "bytes",
  "futures",
  "futures-timer",
@@ -10316,7 +10355,7 @@ version = "2.8.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a332be01508d814fed64bf28f798a146d73792121129962fdf335bb3c49a4254"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "core-foundation",
  "core-foundation-sys",
  "libc",
@@ -10875,7 +10914,7 @@ name = "sp-core"
 version = "7.0.0"
 dependencies = [
  "array-bytes 4.2.0",
- "bitflags",
+ "bitflags 1.3.2",
  "blake2",
  "bounded-collections",
  "bs58",
@@ -11525,7 +11564,7 @@ version = "1.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "8a2a1c578e98c1c16fc3b8ec1328f7659a500737d7a0c6d625e73e830ff9c1f6"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "cfg_aliases",
  "libc",
  "parking_lot 0.11.2",
@@ -11946,7 +11985,7 @@ version = "0.5.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "d75182f12f490e953596550b65ee31bda7c8e043d9386174b353bda50838c3fd"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "core-foundation",
  "system-configuration-sys",
 ]
@@ -12316,7 +12355,7 @@ version = "0.4.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "5d1d42a9b3f3ec46ba828e8d376aec14592ea199f70a06a548587ecd1c4ab658"
 dependencies = [
- "bitflags",
+ "bitflags 1.3.2",
  "bytes",
  "futures-core",
  "futures-util",
@@ -13083,9 +13122,9 @@ dependencies = [
 
 [[package]]
 name = "wasmparser"
-version = "0.102.0"
+version = "0.103.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "48134de3d7598219ab9eaf6b91b15d8e50d31da76b8519fe4ecfcec2cf35104b"
+checksum = "2c437373cac5ea84f1113d648d51f71751ffbe3d90c00ae67618cf20d0b5ee7b"
 dependencies = [
  "indexmap",
  "url",
@@ -13102,13 +13141,15 @@ dependencies = [
 
 [[package]]
 name = "wasmtime"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f907fdead3153cb9bfb7a93bbd5b62629472dc06dee83605358c64c52ed3dda9"
+checksum = "aa0f72886c3264eb639f50188d1eb98b975564130292fea8deb4facf91ca7258"
 dependencies = [
  "anyhow",
  "bincode",
+ "bumpalo",
  "cfg-if",
+ "fxprof-processed-profile",
  "indexmap",
  "libc",
  "log",
@@ -13118,6 +13159,7 @@ dependencies = [
  "psm",
  "rayon",
  "serde",
+ "serde_json",
  "target-lexicon",
  "wasmparser",
  "wasmtime-cache",
@@ -13125,23 +13167,23 @@ dependencies = [
  "wasmtime-environ",
  "wasmtime-jit",
  "wasmtime-runtime",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
 ]
 
 [[package]]
 name = "wasmtime-asm-macros"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d3b9daa7c14cd4fa3edbf69de994408d5f4b7b0959ac13fa69d465f6597f810d"
+checksum = "a18391ed41ca957eecdbe64c51879b75419cbc52e2d8663fe82945b28b4f19da"
 dependencies = [
  "cfg-if",
 ]
 
 [[package]]
 name = "wasmtime-cache"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "c86437fa68626fe896e5afc69234bb2b5894949083586535f200385adfd71213"
+checksum = "dfd5ef82889a6a35b3790025b3fd33e6ee4902a5408c09f716c771a38c47cd10"
 dependencies = [
  "anyhow",
  "base64 0.21.0",
@@ -13149,22 +13191,23 @@ dependencies = [
  "directories-next",
  "file-per-thread-logger",
  "log",
- "rustix 0.36.13",
+ "rustix 0.37.19",
  "serde",
  "sha2 0.10.6",
  "toml 0.5.11",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
  "zstd 0.11.2+zstd.1.5.2",
 ]
 
 [[package]]
 name = "wasmtime-cranelift"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b1cefde0cce8cb700b1b21b6298a3837dba46521affd7b8c38a9ee2c869eee04"
+checksum = "a2495036d05eb1e79ecf22e092eeacd279dcf24b4fcab77fb4cf8ef9bd42c3ea"
 dependencies = [
  "anyhow",
  "cranelift-codegen",
+ "cranelift-control",
  "cranelift-entity",
  "cranelift-frontend",
  "cranelift-native",
@@ -13181,12 +13224,13 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-cranelift-shared"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "cd041e382ef5aea1b9fc78442394f1a4f6d676ce457e7076ca4cb3f397882f8b"
+checksum = "ef677f7b0d3f3b73275675486d791f1e85e7c24afe8dd367c6b9950028906330"
 dependencies = [
  "anyhow",
  "cranelift-codegen",
+ "cranelift-control",
  "cranelift-native",
  "gimli",
  "object",
@@ -13196,9 +13240,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-environ"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a990198cee4197423045235bf89d3359e69bd2ea031005f4c2d901125955c949"
+checksum = "2d03356374ffafa881c5f972529d2bb11ce48fe2736285e2b0ad72c6d554257b"
 dependencies = [
  "anyhow",
  "cranelift-entity",
@@ -13215,9 +13259,9 @@ dependencies = [
 
 [[package]]
 name = "wasmtime-jit"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0de48df552cfca1c9b750002d3e07b45772dd033b0b206d5c0968496abf31244"
+checksum = "e5374f0d2ee0069391dd9348f148802846b2b3e0af650385f9c56b3012d3c5d1"
 dependencies = [
  "addr2line",
  "anyhow",
@@ -13234,36 +13278,36 @@ dependencies = [
  "wasmtime-jit-debug",
  "wasmtime-jit-icache-coherence",
  "wasmtime-runtime",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
 ]
 
 [[package]]
 name = "wasmtime-jit-debug"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "6e0554b84c15a27d76281d06838aed94e13a77d7bf604bbbaf548aa20eb93846"
+checksum = "102653b177225bfdd2da41cc385965d4bf6bc10cf14ec7b306bc9b015fb01c22"
 dependencies = [
  "object",
  "once_cell",
- "rustix 0.36.13",
+ "rustix 0.37.19",
 ]
 
 [[package]]
 name = "wasmtime-jit-icache-coherence"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "aecae978b13f7f67efb23bd827373ace4578f2137ec110bbf6a4a7cde4121bbd"
+checksum = "374ff63b3eb41db57c56682a9ef7737d2c9efa801f5dbf9da93941c9dd436a06"
 dependencies = [
  "cfg-if",
  "libc",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
 ]
 
 [[package]]
 name = "wasmtime-runtime"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "658cf6f325232b6760e202e5255d823da5e348fdea827eff0a2a22319000b441"
+checksum = "9b1b832f19099066ebd26e683121d331f12cf98f158eac0f889972854413b46f"
 dependencies = [
  "anyhow",
  "cc",
@@ -13276,18 +13320,18 @@ dependencies = [
  "memoffset 0.8.0",
  "paste",
  "rand 0.8.5",
- "rustix 0.36.13",
+ "rustix 0.37.19",
  "wasmtime-asm-macros",
  "wasmtime-environ",
  "wasmtime-jit-debug",
- "windows-sys 0.45.0",
+ "windows-sys 0.48.0",
 ]
 
 [[package]]
 name = "wasmtime-types"
-version = "8.0.1"
+version = "9.0.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a4f6fffd2a1011887d57f07654dd112791e872e3ff4a2e626aee8059ee17f06f"
+checksum = "9c574221440e05bbb04efa09786d049401be2eb10081ecf43eb72fbd637bd12f"
 dependencies = [
  "cranelift-entity",
  "serde",
@@ -13550,7 +13594,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "93f1db1727772c05cf7a2cfece52c3aca8045ca1e176cd517d323489aa3c6d87"
 dependencies = [
  "async-trait",
- "bitflags",
+ "bitflags 1.3.2",
  "bytes",
  "cc",
  "ipnet",
diff --git a/client/executor/wasmtime/Cargo.toml b/client/executor/wasmtime/Cargo.toml
index f3e5dcd069287..75062f5fb7dc9 100644
--- a/client/executor/wasmtime/Cargo.toml
+++ b/client/executor/wasmtime/Cargo.toml
@@ -19,7 +19,7 @@ libc = "0.2.121"
 
 # When bumping wasmtime do not forget to also bump rustix
 # to exactly the same version as used by wasmtime!
-wasmtime = { version = "8.0.1", default-features = false, features = [
+wasmtime = { version = "9.0.3", default-features = false, features = [
 	"cache",
 	"cranelift",
 	"jitdump",
diff --git a/primitives/wasm-interface/Cargo.toml b/primitives/wasm-interface/Cargo.toml
index 11804d705c20b..ccc7e032cf0a4 100644
--- a/primitives/wasm-interface/Cargo.toml
+++ b/primitives/wasm-interface/Cargo.toml
@@ -18,7 +18,7 @@ codec = { package = "parity-scale-codec", version = "3.2.2", default-features =
 impl-trait-for-tuples = "0.2.2"
 log = { version = "0.4.17", optional = true }
 wasmi = { version = "0.13.2", optional = true }
-wasmtime = { version = "8.0.1", default-features = false, optional = true }
+wasmtime = { version = "9.0.3", default-features = false, optional = true }
 anyhow = { version = "1.0.68", optional = true }
 sp-std = { version = "5.0.0", default-features = false, path = "../std" }