diff --git a/Cargo.toml b/Cargo.toml
index ce1d36219cbe..dcd7d8e2dbfd 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -14,7 +14,7 @@ default-run = "wasmtime"
 cranelift-codegen = { version = "0.40.0", features = ["enable-serde"] }
 cranelift-native = "0.40.0"
 cranelift-entity = { version = "0.40.0", features = ["enable-serde"] }
-cranelift-wasm = { version = "0.40.0", features = ["enable-serde"] }
+cranelift-wasm = { version = "0.41.0", features = ["enable-serde"] }
 wasmtime-api = { path = "wasmtime-api" }
 wasmtime-debug = { path = "wasmtime-debug" }
 wasmtime-environ = { path = "wasmtime-environ" }
diff --git a/misc/wasmtime-py/Cargo.toml b/misc/wasmtime-py/Cargo.toml
index c5bf58fcc5d8..7ec3dce3fd5d 100644
--- a/misc/wasmtime-py/Cargo.toml
+++ b/misc/wasmtime-py/Cargo.toml
@@ -15,7 +15,7 @@ crate-type = ["cdylib"]
 cranelift-codegen = "0.40.0"
 cranelift-native = "0.40.0"
 cranelift-entity = "0.40.0"
-cranelift-wasm = "0.40.0"
+cranelift-wasm = "0.41.0"
 cranelift-frontend = "0.40.0"
 wasmtime-environ = { path = "../../wasmtime-environ" }
 wasmtime-interface-types = { path = "../../wasmtime-interface-types" }