diff --git a/exe-requirements.txt b/exe-requirements.txt
index 7dc7c3fee..85376159c 100644
--- a/exe-requirements.txt
+++ b/exe-requirements.txt
@@ -1,5 +1,5 @@
 # requirements for the standalone executable
-pyinstaller==4.6; platform.machine == "x86_64"
+pyinstaller==5.6; platform.machine == "x86_64"
 # aarch64 requires a later version due to the use of a newer centos version.
 # see https://github.com/pyinstaller/pyinstaller/issues/5540
 pyinstaller==4.10; platform.machine == "aarch64" or sys.platform == "win32"
diff --git a/granulate-utils b/granulate-utils
index 414c2585a..2898e70e0 160000
--- a/granulate-utils
+++ b/granulate-utils
@@ -1 +1 @@
-Subproject commit 414c2585a8b646788e6d3cf715b638ab1a2f846c
+Subproject commit 2898e70e0f77dbcc35ffecc90145256d0986d502
diff --git a/pyi.Dockerfile b/pyi.Dockerfile
index 44c7af4a1..338b778fd 100644
--- a/pyi.Dockerfile
+++ b/pyi.Dockerfile
@@ -145,7 +145,7 @@ RUN if grep -q "CentOS Linux 8" /etc/os-release ; then \
         ./fix_centos8.sh; \
     fi
 
-# python 3.10 installation
+# python 3.11 installation
 WORKDIR /python
 RUN yum install -y \
     bzip2-devel \
@@ -159,8 +159,9 @@ RUN yum install -y \
     yum clean all
 COPY ./scripts/openssl_build.sh .
 RUN ./openssl_build.sh
-COPY ./scripts/python310_build.sh .
-RUN ./python310_build.sh
+COPY ./scripts/python311_build.sh .
+RUN ./python311_build.sh && \ 
+    ln -s /usr/bin/python3.11 /usr/bin/python3
 
 # gProfiler part
 
@@ -181,7 +182,7 @@ RUN set -e; \
 # needed for aarch64, scons & wheel are needed to build staticx
 RUN set -e; \
     if [ "$(uname -m)" = "aarch64" ]; then \
-         ln -s /usr/lib64/python3.10/lib-dynload /usr/lib/python3.10/lib-dynload; \
+         ln -s /usr/lib64/python3.11/lib-dynload /usr/lib/python3.11/lib-dynload; \
     fi
 RUN set -e; \
     if [ "$(uname -m)" = "aarch64" ]; then \
diff --git a/scripts/python310_build.sh b/scripts/python310_build.sh
deleted file mode 100755
index b37ca7da5..000000000
--- a/scripts/python310_build.sh
+++ /dev/null
@@ -1,12 +0,0 @@
-#!/usr/bin/env bash
-#
-# Copyright (c) Granulate. All rights reserved.
-# Licensed under the AGPL3 License. See LICENSE.md in the project root for license information.
-#
-set -euo pipefail
-
-wget https://www.python.org/ftp/python/3.10.8/Python-3.10.8.tgz
-tar -xzf Python-3.10.8.tgz
-cd Python-3.10.8
-./configure --enable-optimizations --enable-shared --prefix=/usr LDFLAGS="-Wl,-rpath /usr/lib" --with-openssl=/usr --with-lto
-make python install -j "$(nproc)"
diff --git a/scripts/python311_build.sh b/scripts/python311_build.sh
new file mode 100755
index 000000000..a8188826d
--- /dev/null
+++ b/scripts/python311_build.sh
@@ -0,0 +1,12 @@
+#!/usr/bin/env bash
+#
+# Copyright (c) Granulate. All rights reserved.
+# Licensed under the AGPL3 License. See LICENSE.md in the project root for license information.
+#
+set -euo pipefail
+
+wget https://www.python.org/ftp/python/3.11.3/Python-3.11.3.tgz
+tar -xzf Python-3.11.3.tgz
+cd Python-3.11.3
+./configure --enable-shared --prefix=/usr LDFLAGS="-Wl,-rpath /usr/lib"
+make -j "$(nproc)" && make -j "$(nproc)" altinstall