diff --git a/Cargo.lock b/Cargo.lock
index d90de9da4f579..9556b0c5b07c8 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4281,15 +4281,6 @@ 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"
@@ -7404,7 +7395,6 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ae1ded71d66a4a97f5e961fd0cb25a5f366a42a41570d16a763a69c092c26ae4"
 dependencies = [
  "byteorder",
- "regex-syntax",
 ]
 
 [[package]]
@@ -10960,37 +10950,19 @@ 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 = "0.3.15"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0e0d2eaa99c3c2e41547cfa109e910a68ea03823cccad4a0525dcbc9b01e8c71"
+checksum = "60db860322da191b40952ad9affe65ea23e7dd6a5c442c2c42865810c6ab8e6b"
 dependencies = [
  "ansi_term",
- "chrono",
- "lazy_static",
- "matchers",
- "parking_lot 0.11.2",
- "regex",
- "serde",
- "serde_json",
+ "parking_lot 0.12.1",
  "sharded-slab",
  "smallvec",
  "thread_local",
- "tracing",
  "tracing-core",
  "tracing-log",
- "tracing-serde",
 ]
 
 [[package]]
diff --git a/client/executor/Cargo.toml b/client/executor/Cargo.toml
index 6a4b2a44a2d44..479dc561cbc98 100644
--- a/client/executor/Cargo.toml
+++ b/client/executor/Cargo.toml
@@ -45,7 +45,7 @@ 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 = "0.3.15"
 paste = "1.0"
 regex = "1.5.5"
 criterion = "0.3"
diff --git a/client/tracing/Cargo.toml b/client/tracing/Cargo.toml
index 8bc5d770c9c5a..9d18101f1dbaa 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 = "0.1.3"
-tracing-subscriber = { version = "0.2.25", features = ["parking_lot"] }
+tracing-subscriber = { version = "0.3.15", features = ["parking_lot"] }
 sc-client-api = { version = "4.0.0-dev", path = "../api" }
 sc-rpc-server = { version = "4.0.0-dev", path = "../rpc-servers" }
 sc-tracing-proc-macro = { version = "4.0.0-dev", path = "./proc-macro" }
diff --git a/primitives/tracing/Cargo.toml b/primitives/tracing/Cargo.toml
index c2ca57d2b5a43..49295192099f3 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 = "0.1.28", default-features = false }
-tracing-subscriber = { version = "0.2.25", optional = true, features = [
+tracing-subscriber = { version = "0.3.15", optional = true, features = [
 	"tracing-log",
 ] }