diff --git a/boot/ti-k3-r5-loader/Config.in b/boot/ti-k3-r5-loader/Config.in
index 8c8368a1a5a8..5f86c045c99f 100644
--- a/boot/ti-k3-r5-loader/Config.in
+++ b/boot/ti-k3-r5-loader/Config.in
@@ -16,7 +16,7 @@ choice
 	  here as it is used to build the main U-Boot package.
 
 config BR2_TARGET_TI_K3_R5_LOADER_LATEST_VERSION
-	bool "2022.10"
+	bool "2024.01"
 
 config BR2_TARGET_TI_K3_R5_LOADER_CUSTOM_VERSION
 	bool "Custom version"
@@ -60,7 +60,7 @@ endif
 
 config BR2_TARGET_TI_K3_R5_LOADER_VERSION
 	string
-	default "2022.10"	if BR2_TARGET_TI_K3_R5_LOADER_LATEST_VERSION
+	default "2024.01"	if BR2_TARGET_TI_K3_R5_LOADER_LATEST_VERSION
 	default BR2_TARGET_TI_K3_R5_LOADER_CUSTOM_VERSION_VALUE \
 		if BR2_TARGET_TI_K3_R5_LOADER_CUSTOM_VERSION
 	default "custom"	if BR2_TARGET_TI_K3_R5_LOADER_CUSTOM_TARBALL
diff --git a/boot/ti-k3-r5-loader/ti-k3-r5-loader.hash b/boot/ti-k3-r5-loader/ti-k3-r5-loader.hash
index c5d1cb8e09f0..fbe5d215409d 100644
--- a/boot/ti-k3-r5-loader/ti-k3-r5-loader.hash
+++ b/boot/ti-k3-r5-loader/ti-k3-r5-loader.hash
@@ -1,3 +1,3 @@
 # Locally computed:
-sha256  50b4482a505bc281ba8470c399a3c26e145e29b23500bc35c50debd7fa46bdf8  u-boot-2022.10.tar.bz2
+sha256  b99611f1ed237bf3541bdc8434b68c96a6e05967061f992443cb30aabebef5b3  u-boot-2024.01.tar.bz2
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  Licenses/gpl-2.0.txt