@azure/functions v4.8.0 package brings vulnerable undici transitive dependency (v5.29.0)

[himanshu-zversal]

Hello team,

While reviewing dependencies of the @azure/functions npm package v4.8.0, I noticed that it brings in undici@5.29.0 as a transitive dependency.
This version of undici has known security vulnerabilities:

GHSA-c76h-2ccp-4975

GHSA-3g92-w8c5-73pq

Details:

Package: @azure/functions@4.8.0

Vulnerable dependency: undici@5.29.0

Impact: Projects consuming @azure/functions inherit the vulnerable undici version.

Expected:
@azure/functions should update its dependency chain to pull in a latest version of undici (7.16.0).

Could you please review and update the dependency to mitigate this security issue?

Thanks!