diff --git a/substrate/Cargo.lock b/substrate/Cargo.lock
index fc0b37baed..45542b8c26 100644
--- a/substrate/Cargo.lock
+++ b/substrate/Cargo.lock
@@ -7523,7 +7523,7 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "e17d47ce914bf4de440332250b0edd23ce48c005f59fab39d3335866b114f11a"
 dependencies = [
  "thiserror",
- "toml",
+ "toml 0.5.11",
 ]
 
 [[package]]
@@ -9946,6 +9946,15 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "serde_spanned"
+version = "0.6.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "0efd8caf556a6cebd3b285caf480045fcc1ac04f6bd786b09a6f11af30c4fcf4"
+dependencies = [
+ "serde",
+]
+
 [[package]]
 name = "sha-1"
 version = "0.9.8"
@@ -11411,7 +11420,7 @@ dependencies = [
  "sp-maybe-compressed-blob",
  "strum",
  "tempfile",
- "toml",
+ "toml 0.7.3",
  "walkdir",
  "wasm-opt",
 ]
@@ -11768,6 +11777,40 @@ dependencies = [
  "serde",
 ]
 
+[[package]]
+name = "toml"
+version = "0.7.3"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "b403acf6f2bb0859c93c7f0d967cb4a75a7ac552100f9322faf64dc047669b21"
+dependencies = [
+ "serde",
+ "serde_spanned",
+ "toml_datetime",
+ "toml_edit",
+]
+
+[[package]]
+name = "toml_datetime"
+version = "0.6.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3ab8ed2edee10b50132aed5f331333428b011c99402b5a534154ed15746f9622"
+dependencies = [
+ "serde",
+]
+
+[[package]]
+name = "toml_edit"
+version = "0.19.8"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "239410c8609e8125456927e6707163a3b1fdb40561e4b803bc041f466ccfdc13"
+dependencies = [
+ "indexmap",
+ "serde",
+ "serde_spanned",
+ "toml_datetime",
+ "winnow",
+]
+
 [[package]]
 name = "tower"
 version = "0.4.13"
@@ -12594,7 +12637,7 @@ dependencies = [
  "rustix 0.36.8",
  "serde",
  "sha2 0.10.6",
- "toml",
+ "toml 0.5.11",
  "windows-sys 0.42.0",
  "zstd 0.11.2+zstd.1.5.2",
 ]
@@ -13184,6 +13227,15 @@ version = "0.42.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "447660ad36a13288b1db4d4248e857b510e8c3a225c822ba4fb748c0aafecffd"
 
+[[package]]
+name = "winnow"
+version = "0.4.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ae8970b36c66498d8ff1d66685dc86b91b29db0c7739899012f63a63814b4b28"
+dependencies = [
+ "memchr",
+]
+
 [[package]]
 name = "winreg"
 version = "0.10.1"
diff --git a/substrate/utils/wasm-builder/Cargo.toml b/substrate/utils/wasm-builder/Cargo.toml
index c1ef006b5a..e1444a2404 100644
--- a/substrate/utils/wasm-builder/Cargo.toml
+++ b/substrate/utils/wasm-builder/Cargo.toml
@@ -18,7 +18,7 @@ build-helper = "0.1.1"
 cargo_metadata = "0.15.2"
 strum = { version = "0.24.1", features = ["derive"] }
 tempfile = "3.1.0"
-toml = "0.5.4"
+toml = "0.7.3"
 walkdir = "2.3.2"
 sp-maybe-compressed-blob = { version = "4.1.0-dev", path = "../../primitives/maybe-compressed-blob" }
 filetime = "0.2.16"