diff --git a/changelog.md b/changelog.md
index a13ce4ca1a..de625d5584 100644
--- a/changelog.md
+++ b/changelog.md
@@ -11,6 +11,7 @@
 ### Changes
 
 - [#4292](https://github.com/ignite/cli/pull/4292) Bump Cosmos SDK to `v0.50.9`
+- [#4341](https://github.com/ignite/cli/pull/4341) Bump `ibc-go` to `8.5.0`
 - [#4345](https://github.com/ignite/cli/pull/4345) Added survey link
 
 ### Fixes
diff --git a/ignite/templates/app/files/go.mod.plush b/ignite/templates/app/files/go.mod.plush
index a493a54c4c..11caef98ff 100644
--- a/ignite/templates/app/files/go.mod.plush
+++ b/ignite/templates/app/files/go.mod.plush
@@ -16,37 +16,37 @@ require (
 	cosmossdk.io/core v0.11.1
 	cosmossdk.io/depinject v1.0.0
 	cosmossdk.io/errors v1.0.1
-	cosmossdk.io/log v1.3.1
+	cosmossdk.io/log v1.4.0
 	cosmossdk.io/math v1.3.0
 	cosmossdk.io/store v1.1.0
-	cosmossdk.io/tools/confix v0.1.1
-	cosmossdk.io/x/circuit v0.1.0
-	cosmossdk.io/x/evidence v0.1.0
-	cosmossdk.io/x/feegrant v0.1.0
+	cosmossdk.io/tools/confix v0.1.2
+	cosmossdk.io/x/circuit v0.1.1
+	cosmossdk.io/x/evidence v0.1.1
+	cosmossdk.io/x/feegrant v0.1.1
 	cosmossdk.io/x/nft v0.1.0
 	cosmossdk.io/x/upgrade v0.1.4
 	<%= if (IsConsumerChain) { %>
 	github.com/cosmos/interchain-security/v5 v5.0.0
 	<% } %>
 	github.com/bufbuild/buf v1.34.0
-	github.com/cometbft/cometbft v0.38.10
+	github.com/cometbft/cometbft v0.38.11
 	github.com/cosmos/cosmos-db v1.0.2
 	github.com/cosmos/cosmos-proto v1.0.0-beta.5
 	github.com/cosmos/cosmos-sdk v0.50.9
-	github.com/cosmos/gogoproto v1.5.0
-	github.com/cosmos/ibc-go/modules/capability v1.0.0
-	github.com/cosmos/ibc-go/v8 v8.3.1
+	github.com/cosmos/gogoproto v1.7.0
+	github.com/cosmos/ibc-go/modules/capability v1.0.1
+	github.com/cosmos/ibc-go/v8 v8.5.1-0.20240911080511-34a0d0147847
 	github.com/golang/protobuf v1.5.4
 	github.com/gorilla/mux v1.8.1
 	github.com/grpc-ecosystem/grpc-gateway v1.16.0
 	github.com/grpc-ecosystem/grpc-gateway/v2 v2.20.0
 	github.com/spf13/cast v1.6.0
-	github.com/spf13/cobra v1.8.0
+	github.com/spf13/cobra v1.8.1
 	github.com/spf13/pflag v1.0.5
 	github.com/spf13/viper v1.19.0
 	github.com/stretchr/testify v1.9.0
-	golang.org/x/tools v0.21.1-0.20240508182429-e35e4ccd0d2d
-	google.golang.org/genproto/googleapis/api v0.0.0-20240515191416-fc5f0ca64291
+	golang.org/x/tools v0.22.0
+	google.golang.org/genproto/googleapis/api v0.0.0-20240624140628-dc46fd24d27d
 	google.golang.org/grpc v1.64.1
 	google.golang.org/grpc/cmd/protoc-gen-go-grpc v1.3.0
 	google.golang.org/protobuf v1.34.2