diff --git a/docs/changelog/102311.yaml b/docs/changelog/102311.yaml
new file mode 100644
index 0000000000000..bb1769527fdd4
--- /dev/null
+++ b/docs/changelog/102311.yaml
@@ -0,0 +1,5 @@
+pr: 102311
+summary: Upgrade reactor netty http version
+area: Snapshot/Restore
+type: upgrade
+issues: []
diff --git a/gradle/verification-metadata.xml b/gradle/verification-metadata.xml
index 77c39e77a88f6..4be903fc2a9c7 100644
--- a/gradle/verification-metadata.xml
+++ b/gradle/verification-metadata.xml
@@ -1421,19 +1421,19 @@
             <sha256 value="3cabdae2244c999addebb8c31ae452fbdc874b4f26a163539954b8eeb5d6acc6" origin="Generated by Gradle"/>
          </artifact>
       </component>
-      <component group="io.projectreactor" name="reactor-core" version="3.4.23">
-         <artifact name="reactor-core-3.4.23.jar">
-            <sha256 value="d03b2f2eb5da79d0283358cba6ff36456982800f6cd2666857af46a43b6a9eb2" origin="Generated by Gradle"/>
+      <component group="io.projectreactor" name="reactor-core" version="3.4.34">
+         <artifact name="reactor-core-3.4.34.jar">
+            <sha256 value="b324c0921f97bd73a9aebffbf59ac45eeb48d9eab9bce67c23ad0bc83b513d87" origin="Generated by Gradle"/>
          </artifact>
       </component>
-      <component group="io.projectreactor.netty" name="reactor-netty-core" version="1.0.24">
-         <artifact name="reactor-netty-core-1.0.24.jar">
-            <sha256 value="53b01c19f7a9c5ddaa4eaf0d22a6be7a8f888d34d07054eeff1deec8869485b2" origin="Generated by Gradle"/>
+      <component group="io.projectreactor.netty" name="reactor-netty-core" version="1.0.39">
+         <artifact name="reactor-netty-core-1.0.39.jar">
+            <sha256 value="f7c2330852a7c2a96de4847eb1dc906a458c9573a2cdde3cefc69300c0c5c68c" origin="Generated by Gradle"/>
          </artifact>
       </component>
-      <component group="io.projectreactor.netty" name="reactor-netty-http" version="1.0.24">
-         <artifact name="reactor-netty-http-1.0.24.jar">
-            <sha256 value="22b6bd810444738d883a19e5f129535a393e84f13247c99bdd09c610bad34a7e" origin="Generated by Gradle"/>
+      <component group="io.projectreactor.netty" name="reactor-netty-http" version="1.0.39">
+         <artifact name="reactor-netty-http-1.0.39.jar">
+            <sha256 value="399eeee2917e87044b0c64a47456c69bb85edec284a5643e4f6c67affecbbdcc" origin="Generated by Gradle"/>
          </artifact>
       </component>
       <component group="io.sgr" name="s2-geometry-library-java" version="1.0.1">
diff --git a/modules/repository-azure/build.gradle b/modules/repository-azure/build.gradle
index 1753ba24d5c4a..c2568d9a4db2c 100644
--- a/modules/repository-azure/build.gradle
+++ b/modules/repository-azure/build.gradle
@@ -30,8 +30,8 @@ versions << [
   'stax2API': '4.2.1',
   'woodstox': '6.4.0',
 
-  'reactorNetty': '1.0.24',
-  'reactorCore': '3.4.23',
+  'reactorNetty': '1.0.39',
+  'reactorCore': '3.4.34',
   'reactiveStreams': '1.0.4',
 ]
 
@@ -105,6 +105,7 @@ tasks.named("thirdPartyAudit").configure {
     'io.micrometer.core.instrument.DistributionSummary',
     'io.micrometer.core.instrument.DistributionSummary$Builder',
     'io.micrometer.core.instrument.Meter',
+    'io.micrometer.core.instrument.Meter$Type',
     'io.micrometer.core.instrument.MeterRegistry',
     'io.micrometer.core.instrument.Metrics',
     'io.micrometer.core.instrument.Tag',
@@ -117,6 +118,7 @@ tasks.named("thirdPartyAudit").configure {
     'io.micrometer.core.instrument.search.Search',
     'io.micrometer.core.instrument.Gauge',
     'io.micrometer.core.instrument.Gauge$Builder',
+    'io.micrometer.context.ContextAccessor',
 
     // from reactor-core kotlin extensions (to be deprecated from the library at some point on 3.3.x release)
     'kotlin.collections.ArraysKt',