diff --git a/Cargo.lock b/Cargo.lock
index ee1476918575..7f9943bb978a 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -301,7 +301,7 @@ dependencies = [
  "storage-interface",
  "structopt 0.3.21",
  "tokio 0.2.24",
- "tokio-util",
+ "tokio-util 0.6.4",
  "toml",
 ]
 
@@ -3267,7 +3267,7 @@ dependencies = [
  "indexmap",
  "slab",
  "tokio 0.2.24",
- "tokio-util",
+ "tokio-util 0.3.1",
  "tracing",
  "tracing-futures",
 ]
@@ -4530,7 +4530,7 @@ dependencies = [
  "thiserror",
  "tokio 0.2.24",
  "tokio-retry",
- "tokio-util",
+ "tokio-util 0.6.4",
 ]
 
 [[package]]
@@ -6424,7 +6424,7 @@ dependencies = [
  "network-builder",
  "rand 0.7.3",
  "tokio 0.2.24",
- "tokio-util",
+ "tokio-util 0.6.4",
 ]
 
 [[package]]
@@ -7160,13 +7160,27 @@ checksum = "be8242891f2b6cbef26a2d7e8605133c2c554cd35b3e4948ea892d6d68436499"
 dependencies = [
  "bytes 0.5.6",
  "futures-core",
- "futures-io",
  "futures-sink",
  "log",
  "pin-project-lite 0.1.11",
  "tokio 0.2.24",
 ]
 
+[[package]]
+name = "tokio-util"
+version = "0.6.4"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ec31e5cc6b46e653cf57762f36f71d5e6386391d88a72fd6db4508f8f676fb29"
+dependencies = [
+ "bytes 1.0.0",
+ "futures-core",
+ "futures-io",
+ "futures-sink",
+ "log",
+ "pin-project-lite 0.2.0",
+ "tokio 1.0.1",
+]
+
 [[package]]
 name = "toml"
 version = "0.5.8"
diff --git a/network/Cargo.toml b/network/Cargo.toml
index fa2f79a37739..201261c6fdf5 100644
--- a/network/Cargo.toml
+++ b/network/Cargo.toml
@@ -26,7 +26,7 @@ serde_bytes = "0.11.5"
 thiserror = "1.0.23"
 tokio = { version = "0.2.22", features = ["full"] }
 tokio-retry = "0.2.0"
-tokio-util = { version = "0.3.1", features = ["codec"] }
+tokio-util = { version = "0.6.4", features = ["codec"] }
 
 bitvec = { path = "../common/bitvec", version = "0.1.0", package = "diem-bitvec" }
 channel = { path = "../common/channel", version = "0.1.0" }
diff --git a/network/socket-bench-server/Cargo.toml b/network/socket-bench-server/Cargo.toml
index 975d883228e5..bcd7c89ae081 100644
--- a/network/socket-bench-server/Cargo.toml
+++ b/network/socket-bench-server/Cargo.toml
@@ -12,7 +12,7 @@ edition = "2018"
 [dependencies]
 futures = "0.3.9"
 tokio = { version = "0.2.22", features = ["full"] }
-tokio-util = { version = "0.3.1", features = ["codec"] }
+tokio-util = { version = "0.6.4", features = ["codec"] }
 
 diem-crypto = { path = "../../crypto/crypto" }
 diem-config = { path = "../../config" }
diff --git a/storage/backup/backup-cli/Cargo.toml b/storage/backup/backup-cli/Cargo.toml
index 396999a8e621..e9bbe9f743a1 100644
--- a/storage/backup/backup-cli/Cargo.toml
+++ b/storage/backup/backup-cli/Cargo.toml
@@ -27,7 +27,7 @@ serde_json = "1.0.61"
 structopt = "0.3.21"
 toml = "0.5.8"
 tokio = { version = "0.2.22", features = ["full"] }
-tokio-util = { version = "0.3.1", features = ["compat"] }
+tokio-util = { version = "0.6.4", features = ["compat"] }
 
 executor = { path = "../../../execution/executor", version = "0.1.0" }
 executor-test-helpers = { path = "../../../execution/executor-test-helpers", version = "0.1.0", optional = true }