diff --git a/cmake/compiler/gcc/compiler_flags.cmake b/cmake/compiler/gcc/compiler_flags.cmake
index 0ef1c2670a2..ae1bfe45976 100644
--- a/cmake/compiler/gcc/compiler_flags.cmake
+++ b/cmake/compiler/gcc/compiler_flags.cmake
@@ -205,10 +205,6 @@ set_compiler_property(PROPERTY linker_script -T)
 # Flags to not track macro expansion
 set_compiler_property(PROPERTY no_track_macro_expansion -ftrack-macro-expansion=0)
 
-# GCC 11 by default emits DWARF version 5 which cannot be parsed by
-# pyelftools. Can be removed once pyelftools supports v5.
-check_set_compiler_property(APPEND PROPERTY debug -gdwarf-4)
-
 set_compiler_property(PROPERTY no_common -fno-common)
 
 # GCC compiler flags for imacros. The specific header must be appended by user.
diff --git a/cmake/linker/ld/gcc/linker_flags.cmake b/cmake/linker/ld/gcc/linker_flags.cmake
index c442c9c8921..0325ffb3255 100644
--- a/cmake/linker/ld/gcc/linker_flags.cmake
+++ b/cmake/linker/ld/gcc/linker_flags.cmake
@@ -9,10 +9,6 @@ endif()
 
 check_set_linker_property(TARGET linker APPEND PROPERTY gprof -pg)
 
-# GCC 11 by default emits DWARF version 5 which cannot be parsed by
-# pyelftools. Can be removed once pyelftools supports v5.
-add_link_options(-gdwarf-4)
-
 # Extra warnings options for twister run
 set_property(TARGET linker PROPERTY warnings_as_errors -Wl,--fatal-warnings)
 
diff --git a/scripts/requirements-base.txt b/scripts/requirements-base.txt
index 3938fa7b349..83ff7086593 100644
--- a/scripts/requirements-base.txt
+++ b/scripts/requirements-base.txt
@@ -4,7 +4,7 @@
 # part of the recommended workflow
 
 # used by various build scripts
-pyelftools>=0.29
+pyelftools>=0.31
 
 # used by dts generation to parse binding YAMLs, also used by
 # twister to parse YAMLs, by west, zephyr_module,...