diff --git a/docker/install/ubuntu_download_arm_compute_lib_binaries.sh b/docker/install/ubuntu_download_arm_compute_lib_binaries.sh
index c42aa958fc60..d32a21c1fa47 100755
--- a/docker/install/ubuntu_download_arm_compute_lib_binaries.sh
+++ b/docker/install/ubuntu_download_arm_compute_lib_binaries.sh
@@ -28,7 +28,7 @@ if [ "$architecture_type" != "aarch64" ]; then
     gcc-aarch64-linux-gnu
 fi
 
-compute_lib_version="v23.05.1"
+compute_lib_version="v23.08"
 compute_lib_variant="arm64-v8a-neon"
 compute_lib_full_name="arm_compute-${compute_lib_version}-bin-linux-${compute_lib_variant}"
 compute_lib_base_url="https://github.com/ARM-software/ComputeLibrary/releases/download/${compute_lib_version}"