diff --git a/Makefile b/Makefile
index 0cd8f91..08808f2 100644
--- a/Makefile
+++ b/Makefile
@@ -188,10 +188,10 @@
 
 local-protos: ## Copies a local version of the voltha-protos dependency into the vendor directory
 ifdef LOCAL_PROTOS
-	rm -rf vendor/github.com/opencord/voltha-protos/v4/go
-	mkdir -p vendor/github.com/opencord/voltha-protos/v4/go
-	cp -r ${LOCAL_PROTOS}/go/* vendor/github.com/opencord/voltha-protos/v4/go
-	rm -rf vendor/github.com/opencord/voltha-protos/v4/go/vendor
+	rm -rf vendor/github.com/opencord/voltha-protos/v5/go
+	mkdir -p vendor/github.com/opencord/voltha-protos/v5/go
+	cp -r ${LOCAL_PROTOS}/go/* vendor/github.com/opencord/voltha-protos/v5/go
+	rm -rf vendor/github.com/opencord/voltha-protos/v5/go/vendor
 endif
 
 # Internals
@@ -229,10 +229,10 @@
 
 setup_tools:
 	@echo "Downloading dependencies..."
-	@${GO} mod download github.com/grpc-ecosystem/grpc-gateway github.com/opencord/voltha-protos/v4
+	@${GO} mod download github.com/grpc-ecosystem/grpc-gateway github.com/opencord/voltha-protos/v5
 	@echo "Dependencies downloaded OK"
 
-VOLTHA_PROTOS ?= $(shell ${GO} list -f '{{ .Dir }}' -m github.com/opencord/voltha-protos/v4)
+VOLTHA_PROTOS ?= $(shell ${GO} list -f '{{ .Dir }}' -m github.com/opencord/voltha-protos/v5)
 GOOGLEAPI     ?= $(shell ${GO} list -f '{{ .Dir }}' -m github.com/grpc-ecosystem/grpc-gateway)
 
 .PHONY: api/openolt/openolt.pb.go api/bbsim/bbsim.pb.go api/bbsim/bbsim.pb.gw.go api/legacy/bbsim.pb.go api/legacy/bbsim.pb.gw.go docs/swagger/bbsim/bbsim.swagger.json docs/swagger/leagacy/bbsim.swagger.json