diff --git a/bazel/foreign_cc/BUILD b/bazel/foreign_cc/BUILD
index 7566d7126153e..b24046ea99c57 100644
--- a/bazel/foreign_cc/BUILD
+++ b/bazel/foreign_cc/BUILD
@@ -315,9 +315,9 @@ envoy_cmake_external(
     name = "wamr",
     cache_entries = {
         "LLVM_DIR": "$EXT_BUILD_DEPS/copy_llvm/llvm/lib/cmake/llvm",
-        "WAMR_BUILD_INTERP": "1",
-        "WAMR_BUILD_JIT": "0",
-        "WAMR_BUILD_AOT": "0",
+        "WAMR_BUILD_INTERP": "0",
+        "WAMR_BUILD_JIT": "1",
+        "WAMR_BUILD_AOT": "1",
         "WAMR_BUILD_SIMD": "0",
         "WAMR_BUILD_MULTI_MODULE": "1",
         "WAMR_BUILD_LIBC_WASI": "0",
diff --git a/bazel/repository_locations.bzl b/bazel/repository_locations.bzl
index 357c387c6ec98..654df5fb7b034 100644
--- a/bazel/repository_locations.bzl
+++ b/bazel/repository_locations.bzl
@@ -708,11 +708,11 @@ REPOSITORY_LOCATIONS_SPEC = dict(
         project_name = "Webassembly Micro Runtime",
         project_desc = "A standalone runtime with a small footprint for WebAssembly",
         project_url = "https://github.com/bytecodealliance/wasm-micro-runtime",
-        version = "a14a4487bb8b493bf6c68d83b03f12028d16f58a",
-        sha256 = "d68668e129f16a9ddd7a1a0da22b17905a25001ae2de398726d37880b61fee9e",
+        version = "b554a9d05d89bb4ef28068b4ae4d0ee6c99bc9db",
+        sha256 = "de6b68118c5d4b0d37c9049fa08fae6a850304522ec307f087f0eca4ad8fff57",
         strip_prefix = "wasm-micro-runtime-{version}",
         urls = ["https://github.com/bytecodealliance/wasm-micro-runtime/archive/{version}.tar.gz"],
-        release_date = "2021-05-14",
+        release_date = "2021-07-06",
         use_category = ["dataplane_ext"],
         extensions = ["envoy.wasm.runtime.wamr"],
         cpe = "N/A",
diff --git a/test/extensions/filters/network/wasm/BUILD b/test/extensions/filters/network/wasm/BUILD
index 2d4b634840909..f0e84376871f1 100644
--- a/test/extensions/filters/network/wasm/BUILD
+++ b/test/extensions/filters/network/wasm/BUILD
@@ -18,6 +18,7 @@ envoy_package()
 
 envoy_extension_cc_test(
     name = "config_test",
+    size = "enormous",
     srcs = ["config_test.cc"],
     data = envoy_select_wasm_cpp_tests([
         "//test/extensions/filters/network/wasm/test_data:test_cpp.wasm",
@@ -40,7 +41,7 @@ envoy_extension_cc_test(
 
 envoy_extension_cc_test(
     name = "wasm_filter_test",
-    size = "large",
+    size = "enormous",
     srcs = ["wasm_filter_test.cc"],
     data = envoy_select_wasm_cpp_tests([
         "//test/extensions/filters/network/wasm/test_data:test_cpp.wasm",