diff --git a/homeassistant/components/shelly/manifest.json b/homeassistant/components/shelly/manifest.json
index 39a1427346dac7..6031b2dcc82acb 100644
--- a/homeassistant/components/shelly/manifest.json
+++ b/homeassistant/components/shelly/manifest.json
@@ -9,7 +9,7 @@
   "iot_class": "local_push",
   "loggers": ["aioshelly"],
   "quality_scale": "platinum",
-  "requirements": ["aioshelly==5.3.2"],
+  "requirements": ["aioshelly==5.4.0"],
   "zeroconf": [
     {
       "type": "_http._tcp.local.",
diff --git a/requirements_all.txt b/requirements_all.txt
index 564b21d22cabc7..73c674355566ec 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -342,7 +342,7 @@ aiosenseme==0.6.1
 aiosenz==1.0.0
 
 # homeassistant.components.shelly
-aioshelly==5.3.2
+aioshelly==5.4.0
 
 # homeassistant.components.skybell
 aioskybell==22.7.0
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 49bd3a919093d5..066fe984ea6f02 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -314,7 +314,7 @@ aiosenseme==0.6.1
 aiosenz==1.0.0
 
 # homeassistant.components.shelly
-aioshelly==5.3.2
+aioshelly==5.4.0
 
 # homeassistant.components.skybell
 aioskybell==22.7.0