diff --git a/iree-release-link.txt b/iree-release-link.txt
index 9993ed6..41a3da8 100644
--- a/iree-release-link.txt
+++ b/iree-release-link.txt
@@ -1 +1 @@
-https://github.com/openxla/iree/releases/download/candidate-20231016.677/iree-dist-20231016.677-linux-x86_64.tar.xz
+https://github.com/openxla/iree/releases/download/candidate-20231025.686/iree-dist-20231025.686-linux-x86_64.tar.xz
diff --git a/requirements-compiler.txt b/requirements-compiler.txt
index 97b8a2e..1524a0c 100644
--- a/requirements-compiler.txt
+++ b/requirements-compiler.txt
@@ -1,4 +1,4 @@
 # SPDX-FileCopyrightText: 2023 Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e.V.
 # SPDX-License-Identifier: CC0-1.0
 -f https://openxla.github.io/iree/pip-release-links.html
-iree-compiler==20231016.677
+iree-compiler==20231025.686
diff --git a/requirements-tools.txt b/requirements-tools.txt
index 7afa1f2..6db03ba 100644
--- a/requirements-tools.txt
+++ b/requirements-tools.txt
@@ -1,5 +1,5 @@
 # SPDX-FileCopyrightText: 2022 Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e.V.
 # SPDX-License-Identifier: CC0-1.0
 -f https://openxla.github.io/iree/pip-release-links.html
-iree-tools-tf==20231016.677
-iree-tools-tflite==20231016.677
+iree-tools-tf==20231025.686
+iree-tools-tflite==20231025.686
diff --git a/third_party/iree b/third_party/iree
index 95bece1..28732a2 160000
--- a/third_party/iree
+++ b/third_party/iree
@@ -1 +1 @@
-Subproject commit 95bece1013da8d04509a12b0759105c514d1e841
+Subproject commit 28732a27cd9d879871d681642f9ba0e1a0b8edbd