diff --git a/agent/agent-tooling/gradle.lockfile b/agent/agent-tooling/gradle.lockfile
index 62b068c464d..df9adbd1b8a 100644
--- a/agent/agent-tooling/gradle.lockfile
+++ b/agent/agent-tooling/gradle.lockfile
@@ -54,9 +54,9 @@ io.opentelemetry.instrumentation:opentelemetry-instrumentation-bom-alpha:1.21.0-
 io.opentelemetry.instrumentation:opentelemetry-instrumentation-bom:1.21.0=runtimeClasspath
 io.opentelemetry:opentelemetry-bom-alpha:1.21.0-alpha=runtimeClasspath
 io.opentelemetry:opentelemetry-bom:1.21.0=runtimeClasspath
-io.projectreactor.netty:reactor-netty-core:1.1.0=runtimeClasspath
-io.projectreactor.netty:reactor-netty-http:1.1.0=runtimeClasspath
-io.projectreactor:reactor-core:3.5.0=runtimeClasspath
+io.projectreactor.netty:reactor-netty-core:1.1.1=runtimeClasspath
+io.projectreactor.netty:reactor-netty-http:1.1.1=runtimeClasspath
+io.projectreactor:reactor-core:3.5.1=runtimeClasspath
 net.java.dev.jna:jna-platform:5.12.1=runtimeClasspath
 net.java.dev.jna:jna:5.12.1=runtimeClasspath
 net.minidev:accessors-smart:2.4.8=runtimeClasspath
diff --git a/agent/azure-monitor-exporter/gradle.lockfile b/agent/azure-monitor-exporter/gradle.lockfile
index d7d9bd14eb3..51b0ef4eefe 100644
--- a/agent/azure-monitor-exporter/gradle.lockfile
+++ b/agent/azure-monitor-exporter/gradle.lockfile
@@ -44,9 +44,9 @@ io.opentelemetry.instrumentation:opentelemetry-instrumentation-bom-alpha:1.21.0-
 io.opentelemetry.instrumentation:opentelemetry-instrumentation-bom:1.21.0=runtimeClasspath
 io.opentelemetry:opentelemetry-bom-alpha:1.21.0-alpha=runtimeClasspath
 io.opentelemetry:opentelemetry-bom:1.21.0=runtimeClasspath
-io.projectreactor.netty:reactor-netty-core:1.1.0=runtimeClasspath
-io.projectreactor.netty:reactor-netty-http:1.1.0=runtimeClasspath
-io.projectreactor:reactor-core:3.5.0=runtimeClasspath
+io.projectreactor.netty:reactor-netty-core:1.1.1=runtimeClasspath
+io.projectreactor.netty:reactor-netty-http:1.1.1=runtimeClasspath
+io.projectreactor:reactor-core:3.5.1=runtimeClasspath
 net.java.dev.jna:jna-platform:5.6.0=runtimeClasspath
 net.java.dev.jna:jna:5.6.0=runtimeClasspath
 net.minidev:accessors-smart:2.4.8=runtimeClasspath
diff --git a/dependencyManagement/build.gradle.kts b/dependencyManagement/build.gradle.kts
index 196356693f1..9416c2ca598 100644
--- a/dependencyManagement/build.gradle.kts
+++ b/dependencyManagement/build.gradle.kts
@@ -71,7 +71,7 @@ val CORE_DEPENDENCIES = listOf(
   "io.opentelemetry.javaagent:opentelemetry-javaagent-bootstrap:${otelInstrumentationAlphaVersion}",
   "io.opentelemetry.javaagent:opentelemetry-javaagent-tooling:${otelInstrumentationAlphaVersion}",
   // temporarily overriding transitive dependency from azure-core until next azure-core release
-  "io.projectreactor.netty:reactor-netty-http:1.1.0"
+  "io.projectreactor.netty:reactor-netty-http:1.1.1"
 )
 
 val DEPENDENCIES = listOf(
diff --git a/licenses/more-licenses.md b/licenses/more-licenses.md
index 74f9907327b..874a9b96201 100644
--- a/licenses/more-licenses.md
+++ b/licenses/more-licenses.md
@@ -1,7 +1,7 @@
 
 #agent
 ##Dependency License Report
-_2022-12-12 19:55:40 PST_
+_2022-12-14 09:09:12 PST_
 ## Apache License, Version 2.0
 
 **1** **Group:** `com.fasterxml.jackson.core` **Name:** `jackson-annotations` **Version:** `2.14.1` 
@@ -185,15 +185,15 @@ _2022-12-12 19:55:40 PST_
 > - **Manifest License**: Apache License, Version 2.0 (Not Packaged)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**36** **Group:** `io.projectreactor` **Name:** `reactor-core` **Version:** `3.5.0` 
+**36** **Group:** `io.projectreactor` **Name:** `reactor-core` **Version:** `3.5.1` 
 > - **POM Project URL**: [https://github.com/reactor/reactor-core](https://github.com/reactor/reactor-core)
 > - **POM License**: Apache License, Version 2.0 - [https://www.apache.org/licenses/LICENSE-2.0](https://www.apache.org/licenses/LICENSE-2.0)
 
-**37** **Group:** `io.projectreactor.netty` **Name:** `reactor-netty-core` **Version:** `1.1.0` 
+**37** **Group:** `io.projectreactor.netty` **Name:** `reactor-netty-core` **Version:** `1.1.1` 
 > - **POM Project URL**: [https://github.com/reactor/reactor-netty](https://github.com/reactor/reactor-netty)
 > - **POM License**: Apache License, Version 2.0 - [http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)
 
-**38** **Group:** `io.projectreactor.netty` **Name:** `reactor-netty-http` **Version:** `1.1.0` 
+**38** **Group:** `io.projectreactor.netty` **Name:** `reactor-netty-http` **Version:** `1.1.1` 
 > - **POM Project URL**: [https://github.com/reactor/reactor-netty](https://github.com/reactor/reactor-netty)
 > - **POM License**: Apache License, Version 2.0 - [http://www.apache.org/licenses/LICENSE-2.0](http://www.apache.org/licenses/LICENSE-2.0)