diff --git a/Cargo.lock b/Cargo.lock
index 9f61c79ca..17bb3f9f8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -7088,9 +7088,9 @@ dependencies = [
 
 [[package]]
 name = "time"
-version = "0.3.17"
+version = "0.3.22"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a561bf4617eebd33bca6434b988f39ed798e527f51a1e797d0ee4f61c0a38376"
+checksum = "ea9e1b3cf1243ae005d9e74085d4d542f3125458f3a81af210d901dcd7411efd"
 dependencies = [
  "libc",
  "num_threads",
@@ -7101,15 +7101,15 @@ dependencies = [
 
 [[package]]
 name = "time-core"
-version = "0.1.0"
+version = "0.1.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2e153e1f1acaef8acc537e68b44906d2db6436e2b35ac2c6b42640fff91f00fd"
+checksum = "7300fbefb4dadc1af235a9cef3737cea692a9d97e1b9cbcd4ebdae6f8868e6fb"
 
 [[package]]
 name = "time-macros"
-version = "0.2.6"
+version = "0.2.9"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d967f99f534ca7e495c575c62638eebc2898a8c84c119b89e250477bc4ba16b2"
+checksum = "372950940a5f07bf38dbe211d7283c9e6d7327df53794992d293e534c733d09b"
 dependencies = [
  "time-core",
 ]
diff --git a/crates/relayer-types/Cargo.toml b/crates/relayer-types/Cargo.toml
index 24e4a515b..ff07a7050 100644
--- a/crates/relayer-types/Cargo.toml
+++ b/crates/relayer-types/Cargo.toml
@@ -29,7 +29,7 @@ mocks = ["tendermint-testgen", "clock", "std"]
 # Proto definitions for all IBC-related interfaces, e.g., connections or channels.
 ibc-proto = { version = "0.28.0", default-features = false }
 ics23 = { version = "=0.9.0", default-features = false, features = ["host-functions"] }
-time = { version = ">=0.3.0, <0.3.21", default-features = false }
+time = { version = ">=0.3.0, <0.3.23", default-features = false }
 serde_derive = { version = "1.0.104", default-features = false }
 serde = { version = "1.0", default-features = false }
 serde_json = { version = "1", default-features = false }