diff --git a/eng/Version.Details.xml b/eng/Version.Details.xml
index 5ee335d5f..5173f3366 100644
--- a/eng/Version.Details.xml
+++ b/eng/Version.Details.xml
@@ -75,9 +75,9 @@
       <Uri>https://github.com/dotnet/test-templates</Uri>
       <Sha>2720fcade72d709a5d2fe80d0b80fbdac54213f6</Sha>
     </Dependency>
-    <Dependency Name="Microsoft.DotNet.Common.ItemTemplates" Version="5.0.0-preview.4.20215.1">
+    <Dependency Name="Microsoft.DotNet.Common.ItemTemplates" Version="5.0.0-preview.5.20221.1">
       <Uri>https://github.com/dotnet/templating</Uri>
-      <Sha>1b50638acb1defc7d7ccaba5b2a0f4b0c50c0b3d</Sha>
+      <Sha>3c33db6be09d62f5d4fb154d23ccecf4ea3f5127</Sha>
     </Dependency>
     <Dependency Name="Microsoft.NET.Sdk" Version="5.0.100-preview.4.20217.1">
       <Uri>https://github.com/dotnet/sdk</Uri>
diff --git a/eng/Versions.props b/eng/Versions.props
index 3d0bb779a..5ab973836 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -25,7 +25,7 @@
   </PropertyGroup>
   <PropertyGroup>
     <!-- Dependency from https://github.com/dotnet/templating -->
-    <MicrosoftDotNetCommonItemTemplatesPackageVersion>5.0.0-preview.4.20215.1</MicrosoftDotNetCommonItemTemplatesPackageVersion>
+    <MicrosoftDotNetCommonItemTemplatesPackageVersion>5.0.0-preview.5.20221.1</MicrosoftDotNetCommonItemTemplatesPackageVersion>
   </PropertyGroup>
   <PropertyGroup>
     <!-- Dependency from https://github.com/dotnet/test-templates -->