diff --git a/.github/dependabot.yml b/.github/dependabot.yml
index 65525c4e40..95d3ce2935 100644
--- a/.github/dependabot.yml
+++ b/.github/dependabot.yml
@@ -36,6 +36,8 @@ updates:
       - dependency-name: "io.vertx:*"
       - dependency-name: "org.apache.logging.log4j:*"
       - dependency-name: "org.springframework.boot:*"
+      - dependency-name: "io.opentelemetry:*"
+      - dependency-name: "io.opentelemetry.semconv:*"
     ignore:
       - dependency-name: "net.bytebuddy:byte-buddy-agent"
         # We deliberately want to keep this older version of Byte Buddy for our runtime attach test
diff --git a/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/pom.xml b/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/pom.xml
index 8f890f3f34..46544a723f 100644
--- a/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/pom.xml
+++ b/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/pom.xml
@@ -23,9 +23,9 @@
         </dependency>
 
         <dependency>
-            <groupId>io.opentelemetry</groupId>
+            <groupId>io.opentelemetry.semconv</groupId>
             <artifactId>opentelemetry-semconv</artifactId>
-            <version>${version.opentelemetry}-alpha</version>
+            <version>${version.opentelemetry-semconv}</version>
             <scope>test</scope>
         </dependency>
 
diff --git a/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/src/test/java/co/elastic/apm/agent/opentelemetry/tracing/ElasticOpenTelemetryTest.java b/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/src/test/java/co/elastic/apm/agent/opentelemetry/tracing/ElasticOpenTelemetryTest.java
index aa2084f246..07ef77d2c4 100644
--- a/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/src/test/java/co/elastic/apm/agent/opentelemetry/tracing/ElasticOpenTelemetryTest.java
+++ b/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/src/test/java/co/elastic/apm/agent/opentelemetry/tracing/ElasticOpenTelemetryTest.java
@@ -33,7 +33,7 @@
 import io.opentelemetry.context.ContextKey;
 import io.opentelemetry.context.Scope;
 import io.opentelemetry.context.propagation.TextMapGetter;
-import io.opentelemetry.semconv.trace.attributes.SemanticAttributes;
+import io.opentelemetry.semconv.SemanticAttributes;
 import org.junit.After;
 import org.junit.Before;
 import org.junit.Test;
diff --git a/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/src/test/java/specs/OTelBridgeStepsDefinitions.java b/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/src/test/java/specs/OTelBridgeStepsDefinitions.java
index f951862788..c1d00c1029 100644
--- a/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/src/test/java/specs/OTelBridgeStepsDefinitions.java
+++ b/apm-agent-plugins/apm-opentelemetry/apm-opentelemetry-plugin/src/test/java/specs/OTelBridgeStepsDefinitions.java
@@ -37,7 +37,7 @@
 import io.opentelemetry.api.trace.SpanKind;
 import io.opentelemetry.api.trace.StatusCode;
 import io.opentelemetry.context.Context;
-import io.opentelemetry.semconv.trace.attributes.SemanticAttributes;
+import io.opentelemetry.semconv.SemanticAttributes;
 
 import javax.annotation.Nullable;
 import java.util.HashMap;
diff --git a/apm-agent-plugins/apm-opentelemetry/pom.xml b/apm-agent-plugins/apm-opentelemetry/pom.xml
index cd5a609d10..cae3ef6876 100644
--- a/apm-agent-plugins/apm-opentelemetry/pom.xml
+++ b/apm-agent-plugins/apm-opentelemetry/pom.xml
@@ -19,7 +19,8 @@
         When updating the version, add the old version to OpenTelemetryVersionIT
         to make sure that in the future we stay compatible with the previous version.
         -->
-        <version.opentelemetry>1.22.0</version.opentelemetry>
+        <version.opentelemetry>1.31.0</version.opentelemetry>
+        <version.opentelemetry-semconv>1.21.0-alpha</version.opentelemetry-semconv>
 
         <maven.compiler.target>8</maven.compiler.target>
         <maven.compiler.source>8</maven.compiler.source>
diff --git a/integration-tests/external-plugin-otel-test/pom.xml b/integration-tests/external-plugin-otel-test/pom.xml
index a4e51cd926..3b15c90b26 100644
--- a/integration-tests/external-plugin-otel-test/pom.xml
+++ b/integration-tests/external-plugin-otel-test/pom.xml
@@ -14,7 +14,7 @@
     <properties>
         <apm-agent-parent.base.dir>${project.basedir}/../..</apm-agent-parent.base.dir>
 
-        <otel.version>1.20.0</otel.version>
+        <otel.version>1.31.0</otel.version>
 
         <maven.compiler.source>8</maven.compiler.source>
         <maven.compiler.target>8</maven.compiler.target>