diff --git a/spring-boot-project/spring-boot-dependencies/build.gradle b/spring-boot-project/spring-boot-dependencies/build.gradle
index 7831c14fc2..7675a6aa0f 100644
--- a/spring-boot-project/spring-boot-dependencies/build.gradle
+++ b/spring-boot-project/spring-boot-dependencies/build.gradle
@@ -1550,7 +1550,7 @@ bom {
 				.formatted(version.toString().replace(".", "")))
 		}
 	}
-	library("OpenTelemetry", "1.37.0") {
+	library("OpenTelemetry", "1.38.0") {
 		group("io.opentelemetry") {
 			imports = [
 				"opentelemetry-bom"