diff --git a/doc/nrf/protocols/thread/overview/ot_memory.rst b/doc/nrf/protocols/thread/overview/ot_memory.rst
index e335974ac239..ce52fef16ed4 100644
--- a/doc/nrf/protocols/thread/overview/ot_memory.rst
+++ b/doc/nrf/protocols/thread/overview/ot_memory.rst
@@ -48,13 +48,13 @@ The following tables present memory requirements for samples running on the :ref
    +-----------------------------+-------+-------+
    |                             |   FTD |   MTD |
    +=============================+=======+=======+
-   | ROM OT stack + App [kB]     |   327 |   274 |
+   | ROM OT stack + App [kB]     |   330 |   275 |
    +-----------------------------+-------+-------+
    | ROM Bluetooth LE stack [kB] |     0 |     0 |
    +-----------------------------+-------+-------+
-   | Persistent storage [kB]     |    24 |    24 |
+   | Persistent storage [kB]     |    32 |    32 |
    +-----------------------------+-------+-------+
-   | Free ROM [kB]               |   673 |   726 |
+   | Free ROM [kB]               |   662 |   717 |
    +-----------------------------+-------+-------+
    | RAM OT stack + App [kB]     |   100 |    90 |
    +-----------------------------+-------+-------+
@@ -67,19 +67,19 @@ The following tables present memory requirements for samples running on the :ref
    +-----------------------------+-------+-------+
    |                             |   FTD |   MTD |
    +=============================+=======+=======+
-   | ROM OT stack + App [kB]     |   327 |   274 |
+   | ROM OT stack + App [kB]     |   330 |   275 |
    +-----------------------------+-------+-------+
-   | ROM Bluetooth LE stack [kB] |    29 |    30 |
+   | ROM Bluetooth LE stack [kB] |    30 |    30 |
    +-----------------------------+-------+-------+
-   | Persistent storage [kB]     |    24 |    24 |
+   | Persistent storage [kB]     |    32 |    32 |
    +-----------------------------+-------+-------+
-   | Free ROM [kB]               |   644 |   696 |
+   | Free ROM [kB]               |   632 |   687 |
    +-----------------------------+-------+-------+
    | RAM OT stack + App [kB]     |   100 |    90 |
    +-----------------------------+-------+-------+
-   | RAM Bluetooth LE stack [kB] |    11 |    11 |
+   | RAM Bluetooth LE stack [kB] |    15 |    15 |
    +-----------------------------+-------+-------+
-   | Free RAM [kB]               |   401 |   411 |
+   | Free RAM [kB]               |   397 |   407 |
    +-----------------------------+-------+-------+
 
 .. _thread_ot_memory_52840:
@@ -94,36 +94,36 @@ The following tables present memory requirements for samples running on the :ref
    +-----------------------------+----------+-------+-------+
    |                             |   master |   FTD |   MTD |
    +=============================+==========+=======+=======+
-   | ROM OT stack + App [kB]     |      453 |   357 |   305 |
+   | ROM OT stack + App [kB]     |      454 |   360 |   305 |
    +-----------------------------+----------+-------+-------+
    | ROM Bluetooth LE stack [kB] |        0 |     0 |     0 |
    +-----------------------------+----------+-------+-------+
    | Persistent storage [kB]     |       32 |    32 |    32 |
    +-----------------------------+----------+-------+-------+
-   | Free ROM [kB]               |      539 |   635 |   687 |
+   | Free ROM [kB]               |      538 |   632 |   687 |
    +-----------------------------+----------+-------+-------+
-   | RAM OT stack + App [kB]     |      102 |    93 |    83 |
+   | RAM OT stack + App [kB]     |      101 |    93 |    83 |
    +-----------------------------+----------+-------+-------+
    | RAM Bluetooth LE stack [kB] |        0 |     0 |     0 |
    +-----------------------------+----------+-------+-------+
-   | Free RAM [kB]               |      154 |   163 |   173 |
+   | Free RAM [kB]               |      155 |   163 |   173 |
    +-----------------------------+----------+-------+-------+
 .. table:: nRF52840 multiprotocol Thread 1.3 memory requirements
 
    +-----------------------------+----------+-------+-------+
    |                             |   master |   FTD |   MTD |
    +=============================+==========+=======+=======+
-   | ROM OT stack + App [kB]     |      453 |   357 |   305 |
+   | ROM OT stack + App [kB]     |      454 |   360 |   305 |
    +-----------------------------+----------+-------+-------+
-   | ROM Bluetooth LE stack [kB] |       77 |    77 |    76 |
+   | ROM Bluetooth LE stack [kB] |       77 |    77 |    77 |
    +-----------------------------+----------+-------+-------+
    | Persistent storage [kB]     |       32 |    32 |    32 |
    +-----------------------------+----------+-------+-------+
-   | Free ROM [kB]               |      462 |   558 |   611 |
+   | Free ROM [kB]               |      461 |   555 |   610 |
    +-----------------------------+----------+-------+-------+
-   | RAM OT stack + App [kB]     |      102 |    93 |    83 |
+   | RAM OT stack + App [kB]     |      101 |    93 |    83 |
    +-----------------------------+----------+-------+-------+
-   | RAM Bluetooth LE stack [kB] |       16 |    16 |    15 |
+   | RAM Bluetooth LE stack [kB] |       14 |    14 |    14 |
    +-----------------------------+----------+-------+-------+
-   | Free RAM [kB]               |      138 |   147 |   158 |
+   | Free RAM [kB]               |      141 |   149 |   159 |
    +-----------------------------+----------+-------+-------+
diff --git a/subsys/net/openthread/Kconfig.defconfig b/subsys/net/openthread/Kconfig.defconfig
index 319020730e70..d254519c4ddc 100644
--- a/subsys/net/openthread/Kconfig.defconfig
+++ b/subsys/net/openthread/Kconfig.defconfig
@@ -19,7 +19,7 @@ config OPENTHREAD_LIBRARY_AVAILABLE
 	# Switch:
 	# - To `y` when libraries for the current OpenThread revision are provided
 	# - To `n` on the next OpenThread upmerge
-	default n
+	default y
 	depends on OPENTHREAD_THREAD_VERSION_1_3
 	depends on (OPENTHREAD_NORDIC_LIBRARY_MASTER && SOC_NRF52840) || \
 		    OPENTHREAD_NORDIC_LIBRARY_FTD || OPENTHREAD_NORDIC_LIBRARY_MTD
diff --git a/west.yml b/west.yml
index 00667b181b6e..377bf3be2052 100644
--- a/west.yml
+++ b/west.yml
@@ -148,7 +148,7 @@ manifest:
     - name: nrfxlib
       repo-path: sdk-nrfxlib
       path: nrfxlib
-      revision: 050b3c9315782f2fef5385e9dcfdab34829e9841
+      revision: 99a747cc9d8aae011c6628c42aecd617b24e638e
     - name: trusted-firmware-m
       repo-path: sdk-trusted-firmware-m
       path: modules/tee/tf-m/trusted-firmware-m
@@ -160,7 +160,7 @@ manifest:
     - name: matter
       repo-path: sdk-connectedhomeip
       path: modules/lib/matter
-      revision: v2.7.0-rc2
+      revision: bc49aa423928b442643c22326247bd52a6807db8
       west-commands: scripts/west/west-commands.yml
       submodules:
         - name: nlio