diff --git a/Cargo.lock b/Cargo.lock
index db6edfa81d539..48d3a8483d7b6 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4365,15 +4365,6 @@ version = "0.1.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ffbee8634e0d45d258acb448e7eaab3fce7a0a467395d4d9f228e3c1f01fb2e4"
 
-[[package]]
-name = "matchers"
-version = "0.0.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "f099785f7595cc4b4553a174ce30dd7589ef93391ff414dbb67f62392b9e0ce1"
-dependencies = [
- "regex-automata",
-]
-
 [[package]]
 name = "matches"
 version = "0.1.8"
@@ -7708,7 +7699,6 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ae1ded71d66a4a97f5e961fd0cb25a5f366a42a41570d16a763a69c092c26ae4"
 dependencies = [
  "byteorder",
- "regex-syntax",
 ]
 
 [[package]]
@@ -10875,9 +10865,9 @@ checksum = "3bf63baf9f5039dadc247375c29eb13706706cfde997d0330d05aa63a77d8820"
 
 [[package]]
 name = "thread_local"
-version = "1.1.3"
+version = "1.1.4"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "8018d24e04c95ac8790716a5987d0fec4f8b27249ffa0f7d33f1369bdfb88cbd"
+checksum = "5516c27b78311c50bf42c071425c560ac799b11c30b31f87e3081965fe5e0180"
 dependencies = [
  "once_cell",
 ]
@@ -11221,37 +11211,19 @@ dependencies = [
  "tracing-core",
 ]
 
-[[package]]
-name = "tracing-serde"
-version = "0.1.2"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "fb65ea441fbb84f9f6748fd496cf7f63ec9af5bca94dd86456978d055e8eb28b"
-dependencies = [
- "serde",
- "tracing-core",
-]
-
 [[package]]
 name = "tracing-subscriber"
-version = "0.2.25"
+version = "0.3.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0e0d2eaa99c3c2e41547cfa109e910a68ea03823cccad4a0525dcbc9b01e8c71"
+checksum = "5312f325fe3588e277415f5a6cca1f4ccad0f248c4cd5a4bd33032d7286abc22"
 dependencies = [
  "ansi_term",
- "chrono",
- "lazy_static",
- "matchers",
  "parking_lot 0.11.2",
- "regex",
- "serde",
- "serde_json",
  "sharded-slab",
  "smallvec 1.8.0",
  "thread_local",
- "tracing",
  "tracing-core",
  "tracing-log",
- "tracing-serde",
 ]
 
 [[package]]
diff --git a/client/executor/Cargo.toml b/client/executor/Cargo.toml
index 96a9c0ba6e399..05395b6369b65 100644
--- a/client/executor/Cargo.toml
+++ b/client/executor/Cargo.toml
@@ -44,7 +44,7 @@ sp-state-machine = { version = "0.12.0", path = "../../primitives/state-machine"
 sp-runtime = { version = "6.0.0", path = "../../primitives/runtime" }
 sp-maybe-compressed-blob = { version = "4.1.0-dev", path = "../../primitives/maybe-compressed-blob" }
 sc-tracing = { version = "4.0.0-dev", path = "../tracing" }
-tracing-subscriber = "0.2.19"
+tracing-subscriber = "0.3.7"
 paste = "1.0"
 regex = "1"
 
diff --git a/client/tracing/Cargo.toml b/client/tracing/Cargo.toml
index 3c4401e2d342d..b1609124dc2a0 100644
--- a/client/tracing/Cargo.toml
+++ b/client/tracing/Cargo.toml
@@ -27,7 +27,7 @@ serde = "1.0.136"
 thiserror = "1.0.30"
 tracing = "0.1.29"
 tracing-log = "0.1.2"
-tracing-subscriber = { version = "0.2.25", features = ["parking_lot"] }
+tracing-subscriber = { version = "0.3.7", features = ["parking_lot"] }
 sp-tracing = { version = "5.0.0", path = "../../primitives/tracing" }
 sp-rpc = { version = "6.0.0", path = "../../primitives/rpc" }
 sp-runtime = { version = "6.0.0", path = "../../primitives/runtime" }
diff --git a/primitives/tracing/Cargo.toml b/primitives/tracing/Cargo.toml
index 3f53cc2e6c5c6..cd932003097e7 100644
--- a/primitives/tracing/Cargo.toml
+++ b/primitives/tracing/Cargo.toml
@@ -24,7 +24,7 @@ codec = { version = "3.0.0", package = "parity-scale-codec", default-features =
 ] }
 tracing = { version = "0.1.29", default-features = false }
 tracing-core = { version = "0.1.21", default-features = false }
-tracing-subscriber = { version = "0.2.25", optional = true, features = [
+tracing-subscriber = { version = "0.3.7", optional = true, features = [
 	"tracing-log",
 ] }