diff --git a/CHANGELOG.md b/CHANGELOG.md
index f33eadf6d3e93..063b65dfeeaf9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,7 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 
 ### Dependencies
 - Bump `com.google.apis:google-api-services-compute` from v1-rev20240407-2.0.0 to v1-rev20241015-2.0.0 ([#16502](https://github.com/opensearch-project/OpenSearch/pull/16502))
+- Bump `com.azure:azure-storage-common` from 12.25.1 to 12.27.1 ([#16521](https://github.com/opensearch-project/OpenSearch/pull/16521))
 
 ### Changed
 
diff --git a/plugins/repository-azure/build.gradle b/plugins/repository-azure/build.gradle
index a28aa7ee4cdf2..c35a8c086dc0d 100644
--- a/plugins/repository-azure/build.gradle
+++ b/plugins/repository-azure/build.gradle
@@ -47,7 +47,7 @@ dependencies {
   api 'com.azure:azure-core:1.51.0'
   api 'com.azure:azure-json:1.3.0'
   api 'com.azure:azure-xml:1.1.0'
-  api 'com.azure:azure-storage-common:12.25.1'
+  api 'com.azure:azure-storage-common:12.27.1'
   api 'com.azure:azure-core-http-netty:1.15.5'
   api "io.netty:netty-codec-dns:${versions.netty}"
   api "io.netty:netty-codec-socks:${versions.netty}"
diff --git a/plugins/repository-azure/licenses/azure-storage-common-12.25.1.jar.sha1 b/plugins/repository-azure/licenses/azure-storage-common-12.25.1.jar.sha1
deleted file mode 100644
index 822a60d81ca27..0000000000000
--- a/plugins/repository-azure/licenses/azure-storage-common-12.25.1.jar.sha1
+++ /dev/null
@@ -1 +0,0 @@
-96e2df76ce9a8fa084ae289bb59295d565f2b8d5
\ No newline at end of file
diff --git a/plugins/repository-azure/licenses/azure-storage-common-12.27.1.jar.sha1 b/plugins/repository-azure/licenses/azure-storage-common-12.27.1.jar.sha1
new file mode 100644
index 0000000000000..d7602da1418d1
--- /dev/null
+++ b/plugins/repository-azure/licenses/azure-storage-common-12.27.1.jar.sha1
@@ -0,0 +1 @@
+c477c5d8c0f2076da1c5345c1097be6a319fe7c4
\ No newline at end of file