diff --git a/dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2021.2.bb b/dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2021.3.bb
similarity index 91%
rename from dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2021.2.bb
rename to dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2021.3.bb
index 9d8c1e18..009c8f93 100644
--- a/dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2021.2.bb
+++ b/dynamic-layers/meta-python/recipes-opencv/dldt/openvino-model-optimizer_2021.3.bb
@@ -5,9 +5,9 @@ environment, performs static model analysis, and adjusts deep \
 learning models for optimal execution on end-point target devices."
 HOMEPAGE = "https://01.org/openvinotoolkit"
 
-SRC_URI = "git://github.com/openvinotoolkit/openvino.git;protocol=https;branch=releases/2021/2;lfs=0 \
+SRC_URI = "git://github.com/openvinotoolkit/openvino.git;protocol=https;branch=releases/2021/3;lfs=0 \
            "
-SRCREV = "4795391b73381660b69b4cd3986c7a0bf902e868"
+SRCREV = "18e83a217702c650280c6abfc43f3285a3aadb61"
 
 LICENSE = "Apache-2.0"
 LIC_FILES_CHKSUM = "file://LICENSE;md5=86d3f3a95c324c9479bd8986968f4327"