diff --git a/.gitmodules b/.gitmodules
index d3f72b54c4f9c5..8aae5ad4da3d6d 100644
--- a/.gitmodules
+++ b/.gitmodules
@@ -40,7 +40,7 @@
 	ignore = dirty
 [submodule "thirdparty/onnx"]
 	path = thirdparty/onnx/onnx
-	url = https://github.com/openvinotoolkit/onnx.git
+	url = https://github.com/onnx/onnx.git
 [submodule "thirdparty/protobuf"]
 	path = thirdparty/protobuf/protobuf
 	url = https://github.com/protocolbuffers/protobuf.git
diff --git a/thirdparty/onnx/CMakeLists.txt b/thirdparty/onnx/CMakeLists.txt
index 7915f5c4c71eae..8c9d8b6e8c60bb 100644
--- a/thirdparty/onnx/CMakeLists.txt
+++ b/thirdparty/onnx/CMakeLists.txt
@@ -19,7 +19,6 @@ macro(onnx_set_target_properties)
     target_include_directories(onnx_proto SYSTEM PRIVATE "${Protobuf_INCLUDE_DIRS}")
 
     ov_disable_all_warnings(onnx onnx_proto)
-    target_compile_definitions(onnx PUBLIC ONNX_BUILD_SHARED_LIBS)
 endmacro()
 
 set(ONNX_USE_PROTOBUF_SHARED_LIBS ${BUILD_SHARED_LIBS} CACHE BOOL "Use dynamic protobuf by ONNX library" FORCE)
diff --git a/thirdparty/onnx/onnx b/thirdparty/onnx/onnx
index 0807930c7f46f3..685898bc6f3fd6 160000
--- a/thirdparty/onnx/onnx
+++ b/thirdparty/onnx/onnx
@@ -1 +1 @@
-Subproject commit 0807930c7f46f3bac1f520c4a2e78710aa5d0af7
+Subproject commit 685898bc6f3fd6eb16ba129ea990f96330537e38