diff --git a/build/Common.props b/build/Common.props
index e7a089f2b96..dcf5602bbd4 100644
--- a/build/Common.props
+++ b/build/Common.props
@@ -43,7 +43,7 @@
     <SerilogPkgVer>[2.8.0,3.0)</SerilogPkgVer>
     <StyleCopAnalyzersPkgVer>[1.2.0-beta.435,2.0)</StyleCopAnalyzersPkgVer>
     <SystemCollectionsImmutablePkgVer>1.4.0</SystemCollectionsImmutablePkgVer>
-    <SystemDiagnosticSourcePkgVer>7.0.0-rc.1.22426.10</SystemDiagnosticSourcePkgVer>
+    <SystemDiagnosticSourcePkgVer>7.0.0-rc.2.22472.3</SystemDiagnosticSourcePkgVer>
     <SystemReflectionEmitLightweightPkgVer>4.7.0</SystemReflectionEmitLightweightPkgVer>
     <SystemTextJsonPkgVer>4.7.0</SystemTextJsonPkgVer>
     <SystemThreadingTasksExtensionsPkgVer>4.5.3</SystemThreadingTasksExtensionsPkgVer>
diff --git a/src/OpenTelemetry.Api/CHANGELOG.md b/src/OpenTelemetry.Api/CHANGELOG.md
index 447b8e0ecbb..c09057cd125 100644
--- a/src/OpenTelemetry.Api/CHANGELOG.md
+++ b/src/OpenTelemetry.Api/CHANGELOG.md
@@ -2,6 +2,8 @@
 
 ## Unreleased
 
+* Updated to System.Diagnostics.DiagnosticSource version `7.0.0-rc.2.22472.3`.
+
 ## 1.4.0-beta.2
 
 Released 2022-Oct-17