diff --git a/.github/workflows/pull_request.yml b/.github/workflows/pull_request.yml
index 736af0913e6..46e591d2714 100644
--- a/.github/workflows/pull_request.yml
+++ b/.github/workflows/pull_request.yml
@@ -142,14 +142,14 @@ jobs:
         if: "! github.event.pull_request.head.repo.fork "
         uses: gradle/gradle-build-action@v2
         with:
-          arguments: koverMergedReport
+          arguments: koverXmlReport
 
       - name: Add coverage report to PR
         if: "! github.event.pull_request.head.repo.fork "
         id: kover
         uses: mi-kas/kover-report@v1
         with:
-          path: build/reports/kover/merged/xml/report.xml
+          path: build/reports/kover/report.xml
           token: ${{ secrets.GITHUB_TOKEN }}
           title: Kover Report
           update-comment: true
diff --git a/arrow-libs/core/arrow-atomic/build.gradle.kts b/arrow-libs/core/arrow-atomic/build.gradle.kts
index 71cb4254708..332a295df0a 100644
--- a/arrow-libs/core/arrow-atomic/build.gradle.kts
+++ b/arrow-libs/core/arrow-atomic/build.gradle.kts
@@ -6,9 +6,9 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
   alias(libs.plugins.kotest.multiplatform)
+  alias(libs.plugins.kotlinx.kover)
 }
 
-apply(from = property("TEST_COVERAGE"))
 apply(from = property("ANIMALSNIFFER_MPP"))
 
 val enableCompatibilityMetadataVariant =
diff --git a/arrow-libs/core/arrow-continuations/build.gradle.kts b/arrow-libs/core/arrow-continuations/build.gradle.kts
index c26bea969c7..d3565d208d0 100644
--- a/arrow-libs/core/arrow-continuations/build.gradle.kts
+++ b/arrow-libs/core/arrow-continuations/build.gradle.kts
@@ -5,11 +5,11 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
+  alias(libs.plugins.kotlinx.kover)
+  alias(libs.plugins.kotest.multiplatform)
 }
 
-apply(from = property("TEST_COVERAGE"))
 apply(from = property("ANIMALSNIFFER_MPP"))
-apply(plugin = "io.kotest.multiplatform")
 
 val enableCompatibilityMetadataVariant =
   providers.gradleProperty("kotlin.mpp.enableCompatibilityMetadataVariant")
diff --git a/arrow-libs/core/arrow-core-retrofit/build.gradle.kts b/arrow-libs/core/arrow-core-retrofit/build.gradle.kts
index 03d99c26ab6..248e13b0bc1 100644
--- a/arrow-libs/core/arrow-core-retrofit/build.gradle.kts
+++ b/arrow-libs/core/arrow-core-retrofit/build.gradle.kts
@@ -5,9 +5,9 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.kotlinx.serialization) // Needed for testing only
+  alias(libs.plugins.kotlinx.kover)
 }
 
-apply(from = property("TEST_COVERAGE"))
 apply(from = property("ANIMALSNIFFER"))
 
 val enableCompatibilityMetadataVariant =
diff --git a/arrow-libs/core/arrow-core/build.gradle.kts b/arrow-libs/core/arrow-core/build.gradle.kts
index 5d94368e143..d18e202bebb 100644
--- a/arrow-libs/core/arrow-core/build.gradle.kts
+++ b/arrow-libs/core/arrow-core/build.gradle.kts
@@ -7,10 +7,10 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
+  alias(libs.plugins.kotlinx.kover)
+  alias(libs.plugins.kotest.multiplatform)
 }
 
-apply(plugin = "io.kotest.multiplatform")
-apply(from = property("TEST_COVERAGE"))
 apply(from = property("ANIMALSNIFFER_MPP"))
 
 val enableCompatibilityMetadataVariant =
diff --git a/arrow-libs/fx/arrow-fx-coroutines/build.gradle.kts b/arrow-libs/fx/arrow-fx-coroutines/build.gradle.kts
index a05a03eb49e..994c3a07b5f 100644
--- a/arrow-libs/fx/arrow-fx-coroutines/build.gradle.kts
+++ b/arrow-libs/fx/arrow-fx-coroutines/build.gradle.kts
@@ -5,10 +5,10 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
+  alias(libs.plugins.kotlinx.kover)
 }
 
 apply(plugin = "io.kotest.multiplatform")
-apply(from = property("TEST_COVERAGE"))
 
 val enableCompatibilityMetadataVariant =
   providers.gradleProperty("kotlin.mpp.enableCompatibilityMetadataVariant")
diff --git a/arrow-libs/fx/arrow-fx-stm/build.gradle.kts b/arrow-libs/fx/arrow-fx-stm/build.gradle.kts
index 48d93b19539..6abc0499027 100644
--- a/arrow-libs/fx/arrow-fx-stm/build.gradle.kts
+++ b/arrow-libs/fx/arrow-fx-stm/build.gradle.kts
@@ -5,10 +5,10 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
+  alias(libs.plugins.kotlinx.kover)
+  alias(libs.plugins.kotest.multiplatform)
 }
 
-apply(plugin = "io.kotest.multiplatform")
-apply(from = property("TEST_COVERAGE"))
 apply(from = property("ANIMALSNIFFER_MPP"))
 
 val enableCompatibilityMetadataVariant =
diff --git a/arrow-libs/gradle/animalsniffer-mpp.gradle b/arrow-libs/gradle/animalsniffer-mpp.gradle
index 9c6f9f4835c..5b490429a43 100644
--- a/arrow-libs/gradle/animalsniffer-mpp.gradle
+++ b/arrow-libs/gradle/animalsniffer-mpp.gradle
@@ -23,12 +23,12 @@ kotlin {
     sourceSets {
         commonMain {
             dependencies {
-                implementation "org.codehaus.mojo:animal-sniffer-annotations:1.21"
+                implementation "org.codehaus.mojo:animal-sniffer-annotations:1.23"
             }
         }
         jvmMain {
             dependencies {
-                implementation "org.codehaus.mojo:animal-sniffer-annotations:1.21"
+                implementation "org.codehaus.mojo:animal-sniffer-annotations:1.23"
             }
          }
      }
diff --git a/arrow-libs/gradle/animalsniffer.gradle b/arrow-libs/gradle/animalsniffer.gradle
index adf8738c857..ed8b4a9764a 100644
--- a/arrow-libs/gradle/animalsniffer.gradle
+++ b/arrow-libs/gradle/animalsniffer.gradle
@@ -22,6 +22,6 @@ animalsniffer {
     ignore 'java.lang.*'
 }
 dependencies {
-    implementation "org.codehaus.mojo:animal-sniffer-annotations:1.21"
+    implementation "org.codehaus.mojo:animal-sniffer-annotations:1.23"
     signature 'net.sf.androidscents.signature:android-api-level-21:5.0.1_r2@signature'
 }
diff --git a/arrow-libs/gradle/test-coverage.gradle b/arrow-libs/gradle/test-coverage.gradle
deleted file mode 100644
index 7373143b7b8..00000000000
--- a/arrow-libs/gradle/test-coverage.gradle
+++ /dev/null
@@ -1,34 +0,0 @@
-/*
- * Copyright (C) 2020 The Arrow Authors
- *
- * Licensed under the Apache License, Version 2.0 (the "License");
- * you may not use this file except in compliance with the License.
- * You may obtain a copy of the License at
- *
- *       http://www.apache.org/licenses/LICENSE-2.0
- *
- * Unless required by applicable law or agreed to in writing, software
- * distributed under the License is distributed on an "AS IS" BASIS,
- * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
- * See the License for the specific language governing permissions and
- * limitations under the License.
- */
-
-// TODO: Investigate Code Coverage Intellij plugin: https://www.jetbrains.com/help/idea/code-coverage.html
-// Uncomment these lines and execute `jacocoTestReport` task for checking code coverate
-//apply plugin: 'jacoco'
-//
-//jacoco {
-//    toolVersion = "$JACOCO_VERSION"
-//}
-//
-//jacocoTestReport {
-//    reports {
-//        xml.enabled true
-//        html.enabled true
-//    }
-//    dependsOn test // tests are required to run before generating the report
-//    mustRunAfter test
-//}
-
-apply plugin: 'kover'
diff --git a/arrow-libs/optics/arrow-optics-ksp-plugin/build.gradle.kts b/arrow-libs/optics/arrow-optics-ksp-plugin/build.gradle.kts
index b9ce7d83753..886aae22594 100644
--- a/arrow-libs/optics/arrow-optics-ksp-plugin/build.gradle.kts
+++ b/arrow-libs/optics/arrow-optics-ksp-plugin/build.gradle.kts
@@ -5,13 +5,13 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
+  alias(libs.plugins.kotlinx.kover)
 }
 
 kotlin {
   explicitApi = null
 }
 
-apply(from = property("TEST_COVERAGE"))
 apply(from = property("ANIMALSNIFFER_MPP"))
 
 val enableCompatibilityMetadataVariant =
diff --git a/arrow-libs/optics/arrow-optics-reflect/build.gradle.kts b/arrow-libs/optics/arrow-optics-reflect/build.gradle.kts
index 158bdc0b65e..49a5814e59f 100644
--- a/arrow-libs/optics/arrow-optics-reflect/build.gradle.kts
+++ b/arrow-libs/optics/arrow-optics-reflect/build.gradle.kts
@@ -5,9 +5,9 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
+  alias(libs.plugins.kotlinx.kover)
 }
 
-apply(from = property("TEST_COVERAGE"))
 apply(from = property("ANIMALSNIFFER_MPP"))
 
 val enableCompatibilityMetadataVariant =
diff --git a/arrow-libs/optics/arrow-optics/build.gradle.kts b/arrow-libs/optics/arrow-optics/build.gradle.kts
index 353bbac89d5..38c9a2df19e 100644
--- a/arrow-libs/optics/arrow-optics/build.gradle.kts
+++ b/arrow-libs/optics/arrow-optics/build.gradle.kts
@@ -5,12 +5,10 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
-//  alias(libs.plugins.ksp)
+  alias(libs.plugins.kotlinx.kover)
+  alias(libs.plugins.kotest.multiplatform)
 }
 
-apply(plugin = "io.kotest.multiplatform")
-
-apply(from = property("TEST_COVERAGE"))
 apply(from = property("ANIMALSNIFFER_MPP"))
 
 val enableCompatibilityMetadataVariant =
diff --git a/arrow-libs/resilience/arrow-resilience/build.gradle.kts b/arrow-libs/resilience/arrow-resilience/build.gradle.kts
index 0aa29d96a31..3c47894e711 100644
--- a/arrow-libs/resilience/arrow-resilience/build.gradle.kts
+++ b/arrow-libs/resilience/arrow-resilience/build.gradle.kts
@@ -5,10 +5,9 @@ plugins {
   alias(libs.plugins.arrowGradleConfig.kotlin)
   alias(libs.plugins.arrowGradleConfig.publish)
   alias(libs.plugins.arrowGradleConfig.versioning)
+  alias(libs.plugins.kotlinx.kover)
 }
 
-apply(from = property("TEST_COVERAGE"))
-
 val enableCompatibilityMetadataVariant =
   providers.gradleProperty("kotlin.mpp.enableCompatibilityMetadataVariant")
     .orNull?.toBoolean() == true
diff --git a/build.gradle.kts b/build.gradle.kts
index 100cf0f4b15..49e45184c3c 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -1,6 +1,7 @@
 @file:Suppress("DSL_SCOPE_VIOLATION")
 
 import kotlinx.knit.KnitPluginExtension
+import kotlinx.kover.gradle.plugin.dsl.KoverProjectExtension
 import org.jetbrains.dokka.gradle.DokkaMultiModuleTask
 import org.jetbrains.dokka.gradle.DokkaTaskPartial
 import org.jetbrains.kotlin.gradle.dsl.KotlinProjectExtension
@@ -51,19 +52,17 @@ configure<KnitPluginExtension> {
   }
 }
 
-koverMerged {
-  enable()
-  filters {
-    projects {
-      excludes.addAll(
-        listOf(
-          ":arrow-annotations",
-          ":arrow-stack",
-          ":arrow-optics-ksp-plugin"
-        )
-      )
-    }
-  }
+dependencies {
+  kover(projects.arrowAtomic)
+  kover(projects.arrowContinuations)
+  kover(projects.arrowCore)
+  kover(projects.arrowCoreRetrofit)
+  kover(projects.arrowFxCoroutines)
+  kover(projects.arrowFxStm)
+  kover(projects.arrowOptics)
+  kover(projects.arrowOpticsKspPlugin)
+  kover(projects.arrowOpticsReflect)
+  kover(projects.arrowResilience)
 }
 
 allprojects {
diff --git a/gradle.properties b/gradle.properties
index 990da9f622f..0a4834df3fc 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -31,7 +31,6 @@ kapt.use.worker.api=false
 
 COMMON_SETUP=../gradle/setup.gradle
 ROOT_PROJECT=../gradle/main.gradle
-TEST_COVERAGE=../../gradle/test-coverage.gradle
 ANIMALSNIFFER=../../gradle/animalsniffer.gradle
 ANIMALSNIFFER_MPP=../../gradle/animalsniffer-mpp.gradle
 
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 83bec850c29..31a434a011f 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -1,23 +1,23 @@
 [versions]
-animalSniffer = "1.6.0"
+animalSniffer = "1.7.0"
 arrowGradleConfig = "0.12.0-rc.3"
 assertj = "3.24.2"
-coroutines = "1.7.1"
+coroutines = "1.7.2"
 classgraph = "4.8.160"
 dokka = "1.8.20"
 jUnit = "4.13.2"
-jUnitJupiter = "5.9.2"
-jUnitVintage = "5.9.2"
+jUnitJupiter = "5.9.3"
+jUnitVintage = "5.9.3"
 kotest = "5.6.2"
 kotestGradle = "5.6.2"
-kover = "0.6.1"
-kotlin = "1.8.21"
-kotlinBinaryCompatibilityValidator = "0.13.1"
+kover = "0.7.2"
+kotlin = "1.8.22"
+kotlinBinaryCompatibilityValidator = "0.13.2"
 kotlinCompileTesting = "1.5.0"
 knit = "0.4.0"
-kspVersion = "1.8.21-1.0.11"
+kspVersion = "1.8.22-1.0.11"
 kotlinxSerialization = "1.5.1"
-mockWebServer = "4.10.0"
+mockWebServer = "4.11.0"
 retrofit = "2.9.0"
 retrofitKotlinxSerialization = "1.0.0"
 
diff --git a/settings.gradle.kts b/settings.gradle.kts
index ee80cccf963..2aa4163c3da 100644
--- a/settings.gradle.kts
+++ b/settings.gradle.kts
@@ -11,7 +11,7 @@ pluginManagement {
 }
 
 plugins {
-  id("com.gradle.enterprise") version "3.13.3"
+  id("com.gradle.enterprise") version "3.13.4"
   id("org.gradle.toolchains.foojay-resolver-convention") version("0.5.0")
 }