diff --git a/go.mod b/go.mod
index 671734df..722ab3f8 100644
--- a/go.mod
+++ b/go.mod
@@ -35,9 +35,9 @@ require (
 	k8s.io/client-go v0.30.3
 	k8s.io/kubernetes v1.30.3
 	k8s.io/utils v0.0.0-20230726121419-3b25d923346b
-	sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.0.37
+	sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.0.38
 	sigs.k8s.io/cloud-provider-azure/pkg/azclient/configloader v0.0.21
-	sigs.k8s.io/cloud-provider-azure/pkg/azclient/trace v0.0.44
+	sigs.k8s.io/cloud-provider-azure/pkg/azclient/trace v0.0.46
 	sigs.k8s.io/controller-runtime v0.18.4
 )
 
diff --git a/go.sum b/go.sum
index 87ea364e..7c77248b 100644
--- a/go.sum
+++ b/go.sum
@@ -398,12 +398,12 @@ k8s.io/kubernetes v1.30.3 h1:A0qoXI1YQNzrQZiff33y5zWxYHFT/HeZRK98/sRDJI0=
 k8s.io/kubernetes v1.30.3/go.mod h1:yPbIk3MhmhGigX62FLJm+CphNtjxqCvAIFQXup6RKS0=
 k8s.io/utils v0.0.0-20230726121419-3b25d923346b h1:sgn3ZU783SCgtaSJjpcVVlRqd6GSnlTLKgpAAttJvpI=
 k8s.io/utils v0.0.0-20230726121419-3b25d923346b/go.mod h1:OLgZIPagt7ERELqWJFomSt595RzquPNLL48iOWgYOg0=
-sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.0.37 h1:ch1xsOc53KlKhqcZ/2co2hqMvPs5mpP/c/eaOKr07lc=
-sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.0.37/go.mod h1:3vNzKCzQ0tIRR5HoMGEUd12H6j8aNbEms5nEHMhTK4A=
+sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.0.38 h1:+IhYNiGym7/DoggnX19G5Xsljcyrpf9/iDZPxVlq6/c=
+sigs.k8s.io/cloud-provider-azure/pkg/azclient v0.0.38/go.mod h1:xtx2LSrndKG6zbmE165Wwr6of/8g0wlPqra8/gf6XN4=
 sigs.k8s.io/cloud-provider-azure/pkg/azclient/configloader v0.0.21 h1:LO5NwuB5srSyTvTzaai+3x+uLcEEp/iaT45hQBFyk0Y=
 sigs.k8s.io/cloud-provider-azure/pkg/azclient/configloader v0.0.21/go.mod h1:IOZE4mQjt+2EOnucdD4azoFMOFGqt1hmf7Kz4FswWHM=
-sigs.k8s.io/cloud-provider-azure/pkg/azclient/trace v0.0.44 h1:YdSmrJFA1W4uPuduKbrVXbwUuqdMiIeKD/IFmBCLRBA=
-sigs.k8s.io/cloud-provider-azure/pkg/azclient/trace v0.0.44/go.mod h1:dQS2rD/SuyHDpMEoW2oSz/xYJJR0PQ0vfgVXXBU3DOU=
+sigs.k8s.io/cloud-provider-azure/pkg/azclient/trace v0.0.46 h1:mJkqBK/oHfeKeqNZU2L7FuhzH65yK+JxjBzbsBmM8yo=
+sigs.k8s.io/cloud-provider-azure/pkg/azclient/trace v0.0.46/go.mod h1:i2wdiy8GAp+TaC3NBE6k7V9kTJkYxoMfDPq1Qxw1Sqo=
 sigs.k8s.io/controller-runtime v0.18.4 h1:87+guW1zhvuPLh1PHybKdYFLU0YJp4FhJRmiHvm5BZw=
 sigs.k8s.io/controller-runtime v0.18.4/go.mod h1:TVoGrfdpbA9VRFaRnKgk9P5/atA0pMwq+f+msb9M8Sg=
 sigs.k8s.io/json v0.0.0-20221116044647-bc3834ca7abd h1:EDPBXCAspyGV4jQlpZSudPeMmr1bNJefnuqLsRAsHZo=