diff --git a/build_debian.sh b/build_debian.sh
index aef2f7b55df..c5e26a7c0c9 100755
--- a/build_debian.sh
+++ b/build_debian.sh
@@ -435,7 +435,7 @@ sudo https_proxy=$https_proxy LANG=C chroot $FILESYSTEM_ROOT pip3 install 'setup
 sudo https_proxy=$https_proxy LANG=C chroot $FILESYSTEM_ROOT pip3 install 'wheel==0.35.1'
 
 # docker Python API package is needed by Ansible docker module as well as some SONiC applications
-sudo https_proxy=$https_proxy LANG=C chroot $FILESYSTEM_ROOT pip3 install 'docker==4.3.1'
+sudo https_proxy=$https_proxy LANG=C chroot $FILESYSTEM_ROOT pip3 install 'docker==5.0.3'
 
 # Install scapy
 sudo https_proxy=$https_proxy LANG=C chroot $FILESYSTEM_ROOT pip3 install 'scapy==2.4.4'
diff --git a/files/build/versions/host-image/versions-py3 b/files/build/versions/host-image/versions-py3
index ff7d0db29a3..799cf141641 100644
--- a/files/build/versions/host-image/versions-py3
+++ b/files/build/versions/host-image/versions-py3
@@ -11,7 +11,7 @@ click-log==0.4.0
 colorful==0.5.4
 cryptography==36.0.2
 dbus-python==1.2.18
-docker==4.3.1
+docker==5.0.3
 docker-image-py==0.1.12
 enlighten==1.10.2
 filelock==3.6.0
@@ -58,4 +58,4 @@ watchdog==0.10.3
 wcwidth==0.2.5
 websocket-client==1.3.2
 www-authenticate==0.9.2
-xmltodict==0.12.0
\ No newline at end of file
+xmltodict==0.12.0