diff --git a/README.md b/README.md
index a8a50160..1142988a 100644
--- a/README.md
+++ b/README.md
@@ -24,7 +24,7 @@ $ npm install -g @salesforce/cli
 $ sf COMMAND
 running command...
 $ sf (--version|-v)
-@salesforce/cli/2.53.6 linux-x64 node-v20.15.1
+@salesforce/cli/2.54.0 linux-x64 node-v20.15.1
 $ sf --help [COMMAND]
 USAGE
   $ sf COMMAND
@@ -7774,7 +7774,7 @@ EXAMPLES
     $ sf update --available
 ```
 
-_See code: [@oclif/plugin-update](https://github.com/oclif/plugin-update/blob/4.4.16/src/commands/update.ts)_
+_See code: [@oclif/plugin-update](https://github.com/oclif/plugin-update/blob/4.5.0/src/commands/update.ts)_
 
 ## `sf version`
 
diff --git a/package.json b/package.json
index acac8b98..d052bc76 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@salesforce/cli",
   "description": "The Salesforce CLI",
-  "version": "2.53.6",
+  "version": "2.54.0",
   "author": "Salesforce",
   "bin": {
     "sf": "./bin/run.js",
@@ -146,7 +146,7 @@
     "@oclif/plugin-not-found": "3.2.14",
     "@oclif/plugin-plugins": "5.3.9",
     "@oclif/plugin-search": "1.2.5",
-    "@oclif/plugin-update": "4.4.16",
+    "@oclif/plugin-update": "4.5.0",
     "@oclif/plugin-version": "2.2.9",
     "@oclif/plugin-warn-if-update-available": "3.1.11",
     "@oclif/plugin-which": "3.2.9",
diff --git a/yarn.lock b/yarn.lock
index c8162182..e9b49fd3 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1917,10 +1917,10 @@
     ansi-escapes "^7.0.0"
     inquirer-autocomplete-standalone "^0.8.1"
 
-"@oclif/plugin-update@4.4.16":
-  version "4.4.16"
-  resolved "https://registry.yarnpkg.com/@oclif/plugin-update/-/plugin-update-4.4.16.tgz#c6f393abf6d2942c8a2a09d3f5bfce331890a3ec"
-  integrity sha512-zAA1YIaS5mmhvTY/wbwU1d+1Yd+Rg+0s6NKZxiyP8QB1owaI5IeTUIRjg6SIfW6dmVxAuIq2K7SAMGeibtzHmw==
+"@oclif/plugin-update@4.5.0":
+  version "4.5.0"
+  resolved "https://registry.yarnpkg.com/@oclif/plugin-update/-/plugin-update-4.5.0.tgz#d0be5ec7d4c0ce5b73d2beb98097963b5b0d97bc"
+  integrity sha512-PNU3y9uiQCJxXK2HBFOsC88H2XHzZLa4j0h9IvQcXJxOr+BBQHCiuzc3kwuZpJQZpAc7V1qIFKxHCHuk3Y/vCA==
   dependencies:
     "@inquirer/select" "^2.4.2"
     "@oclif/core" "^4"