diff --git a/NOTICE.txt b/NOTICE.txt
index 1e70a38141..f40fb9998b 100644
--- a/NOTICE.txt
+++ b/NOTICE.txt
@@ -3818,11 +3818,11 @@ Contents of probable licence file $GOMODCACHE/k8s.io/client-go@v0.23.0/LICENSE:
 
 --------------------------------------------------------------------------------
 Module  : k8s.io/klog/v2
-Version : v2.30.0
-Time    : 2021-10-22T07:54:37Z
+Version : v2.40.1
+Time    : 2021-12-18T21:15:25Z
 Licence : Apache-2.0
 
-Contents of probable licence file $GOMODCACHE/k8s.io/klog/v2@v2.30.0/LICENSE:
+Contents of probable licence file $GOMODCACHE/k8s.io/klog/v2@v2.40.1/LICENSE:
 
 Apache License
 Version 2.0, January 2004
diff --git a/docs/reference/dependencies.asciidoc b/docs/reference/dependencies.asciidoc
index be92a7981a..e1723280f8 100644
--- a/docs/reference/dependencies.asciidoc
+++ b/docs/reference/dependencies.asciidoc
@@ -54,7 +54,7 @@ This page lists the third-party dependencies used to build {n}.
 | link:https://github.com/kubernetes/api[$$k8s.io/api$$] | v0.23.0 | Apache-2.0
 | link:https://github.com/kubernetes/apimachinery[$$k8s.io/apimachinery$$] | v0.23.0 | Apache-2.0
 | link:https://github.com/kubernetes/client-go[$$k8s.io/client-go$$] | v0.23.0 | Apache-2.0
-| link:https://github.com/kubernetes/klog[$$k8s.io/klog/v2$$] | v2.30.0 | Apache-2.0
+| link:https://github.com/kubernetes/klog[$$k8s.io/klog/v2$$] | v2.40.1 | Apache-2.0
 | link:https://github.com/kubernetes/utils[$$k8s.io/utils$$] | v0.0.0-20210930125809-cb0fa318a74b | Apache-2.0
 | link:https://sigs.k8s.io/controller-runtime[$$sigs.k8s.io/controller-runtime$$] | v0.11.0 | Apache-2.0
 | link:https://sigs.k8s.io/controller-tools[$$sigs.k8s.io/controller-tools$$] | v0.7.0 | Apache-2.0
diff --git a/go.mod b/go.mod
index e7e5055555..7d1a9d1e86 100644
--- a/go.mod
+++ b/go.mod
@@ -44,7 +44,7 @@ require (
 	k8s.io/api v0.23.0
 	k8s.io/apimachinery v0.23.0
 	k8s.io/client-go v0.23.0
-	k8s.io/klog/v2 v2.30.0
+	k8s.io/klog/v2 v2.40.1
 	k8s.io/utils v0.0.0-20210930125809-cb0fa318a74b
 	sigs.k8s.io/controller-runtime v0.11.0
 	sigs.k8s.io/controller-tools v0.7.0
diff --git a/go.sum b/go.sum
index 880f720ff6..0068e1b79a 100644
--- a/go.sum
+++ b/go.sum
@@ -1293,8 +1293,9 @@ k8s.io/gengo v0.0.0-20210813121822-485abfe95c7c/go.mod h1:FiNAH4ZV3gBg2Kwh89tzAE
 k8s.io/klog/v2 v2.0.0/go.mod h1:PBfzABfn139FHAV07az/IF9Wp1bkk3vpT2XSJ76fSDE=
 k8s.io/klog/v2 v2.2.0/go.mod h1:Od+F08eJP+W3HUb4pSrPpgp9DGU4GzlpG/TmITuYh/Y=
 k8s.io/klog/v2 v2.9.0/go.mod h1:hy9LJ/NvuK+iVyP4Ehqva4HxZG/oXyIS3n3Jmire4Ec=
-k8s.io/klog/v2 v2.30.0 h1:bUO6drIvCIsvZ/XFgfxoGFQU/a4Qkh0iAlvUR7vlHJw=
 k8s.io/klog/v2 v2.30.0/go.mod h1:y1WjHnz7Dj687irZUWR/WLkLc5N1YHtjLdmgWjndZn0=
+k8s.io/klog/v2 v2.40.1 h1:P4RRucWk/lFOlDdkAr3mc7iWFkgKrZY9qZMAgek06S4=
+k8s.io/klog/v2 v2.40.1/go.mod h1:y1WjHnz7Dj687irZUWR/WLkLc5N1YHtjLdmgWjndZn0=
 k8s.io/kube-openapi v0.0.0-20210421082810-95288971da7e/go.mod h1:vHXdDvt9+2spS2Rx9ql3I8tycm3H9FDfdUoIuKCefvw=
 k8s.io/kube-openapi v0.0.0-20211115234752-e816edb12b65 h1:E3J9oCLlaobFUqsjG9DfKbP2BmgwBL2p7pn0A3dG9W4=
 k8s.io/kube-openapi v0.0.0-20211115234752-e816edb12b65/go.mod h1:sX9MT8g7NVZM5lVL/j8QyCCJe8YSMW30QvGZWaCIDIk=