diff --git a/CMakeLists.txt b/CMakeLists.txt
index 549f7c40a2a6e8..6eb46b24d6cf61 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -82,13 +82,10 @@ if(NOT OV_GLIBC_VERSION VERSION_EQUAL 0.0)
 endif()
 
 # remove file with exported targets to force its regeneration
-file(REMOVE "${CMAKE_BINARY_DIR}/ngraphTargets.cmake")
-file(REMOVE "${CMAKE_BINARY_DIR}/InferenceEngineTargets.cmake")
 file(REMOVE "${CMAKE_BINARY_DIR}/OpenVINOTargets.cmake")
 
 # remove exported developer targets files to force its regeneration
 macro(ov_clean_developer_package_targets)
-    file(REMOVE "${CMAKE_BINARY_DIR}/inference_engine_developer_package_targets.cmake")
     file(REMOVE "${CMAKE_BINARY_DIR}/openvino_developer_package_targets.cmake")
     unset(_OPENVINO_DEVELOPER_PACKAGE_TARGETS CACHE)
     unset(openvino_installed_targets CACHE)
diff --git a/cmake/developer_package/frontends/frontends.cmake b/cmake/developer_package/frontends/frontends.cmake
index 0b14cabe54a05e..3930a6a71c9dd1 100644
--- a/cmake/developer_package/frontends/frontends.cmake
+++ b/cmake/developer_package/frontends/frontends.cmake
@@ -73,7 +73,7 @@ function(ov_generate_frontends_hpp)
         endif()
     endforeach()
 
-    # add dependency on header file generation for all inference_engine source files
+    # add dependency on header file generation for all openvino_frontend_common_obj runtime source files
     set_source_files_properties(${all_sources} PROPERTIES OBJECT_DEPENDS ${ov_frontends_hpp})
 endfunction()
 
diff --git a/cmake/developer_package/plugins/plugins.cmake b/cmake/developer_package/plugins/plugins.cmake
index a8ee3e47d25497..fa12e4b5505d54 100644
--- a/cmake/developer_package/plugins/plugins.cmake
+++ b/cmake/developer_package/plugins/plugins.cmake
@@ -323,8 +323,8 @@ function(ov_generate_plugins_hpp)
 
     # add plugins to libraries including ov_plugins.hpp
     ov_target_link_plugins(openvino)
-    if(TARGET inference_engine_s)
-        ov_target_link_plugins(inference_engine_s)
+    if(TARGET openvino_runtime_s)
+        ov_target_link_plugins(openvino_runtime_s)
     endif()
 
     if(OV_GENERATOR_MULTI_CONFIG AND CMAKE_VERSION VERSION_GREATER_EQUAL 3.20)
@@ -352,7 +352,7 @@ function(ov_generate_plugins_hpp)
                        VERBATIM)
 
     # for some reason dependency on source files does not work
-    # so, we have to use explicit target and make it dependency for inference_engine_obj
+    # so, we have to use explicit target and make it dependency for openvino_runtime_obj
     add_custom_target(_ov_plugins_hpp DEPENDS ${ov_plugins_hpp})
-    add_dependencies(inference_engine_obj _ov_plugins_hpp)
+    add_dependencies(openvino_runtime_obj _ov_plugins_hpp)
 endfunction()
diff --git a/cmake/extra_modules.cmake b/cmake/extra_modules.cmake
index dae1cb0b2e045e..7936aae3917ae0 100644
--- a/cmake/extra_modules.cmake
+++ b/cmake/extra_modules.cmake
@@ -177,9 +177,9 @@ endfunction()
 # since it's generated after modules are configured
 ov_generate_dev_package_config()
 
-# extra modules must be registered after inference_engine library
+# extra modules must be registered after openvino_runtime library
 # and all other OpenVINO Core libraries are creared
-# because '_ov_register_extra_modules' creates fake InferenceEngineDeveloperPackageConfig.cmake
+# because '_ov_register_extra_modules' creates fake OpenVINODeveloperPackageConfig.cmake
 # with all imported developer targets
 _ov_register_extra_modules()
 
diff --git a/cmake/packaging/debian.cmake b/cmake/packaging/debian.cmake
index 9db940fae07fa0..49b913ffe11306 100644
--- a/cmake/packaging/debian.cmake
+++ b/cmake/packaging/debian.cmake
@@ -307,8 +307,6 @@ macro(ov_cpack_settings)
         ov_debian_add_lintian_suppression(${python_component}
             # usr/lib/python3/dist-packages/requirements.txt
             "unknown-file-in-python-module-directory"
-            # usr/lib/python3/dist-packages/openvino/inference_engine/__init__.py
-            "executable-not-elf-or-script"
             # all directories
             "non-standard-dir-perm"
             # usr/bin/benchmark_app
diff --git a/src/cmake/openvino.cmake b/src/cmake/openvino.cmake
index 3a6de4492b4be9..e093302dd55129 100644
--- a/src/cmake/openvino.cmake
+++ b/src/cmake/openvino.cmake
@@ -22,10 +22,10 @@ add_library(${TARGET_NAME}
     $<TARGET_OBJECTS:openvino_core_obj>
     $<TARGET_OBJECTS:openvino_core_obj_version>
     $<TARGET_OBJECTS:openvino_frontend_common_obj>
-    $<TARGET_OBJECTS:inference_engine_obj>
-    $<TARGET_OBJECTS:inference_engine_obj_version>
-    $<TARGET_OBJECTS:inference_engine_transformations_obj>
-    $<TARGET_OBJECTS:inference_engine_lp_transformations_obj>
+    $<TARGET_OBJECTS:openvino_runtime_obj>
+    $<TARGET_OBJECTS:openvino_runtime_obj_version>
+    $<TARGET_OBJECTS:openvino_transformations_obj>
+    $<TARGET_OBJECTS:openvino_lp_transformations_obj>
     $<$<TARGET_EXISTS:openvino_proxy_plugin_obj>:$<TARGET_OBJECTS:openvino_proxy_plugin_obj>>)
 
 add_library(openvino::runtime ALIAS ${TARGET_NAME})
diff --git a/src/cmake/ov_parallel.cmake b/src/cmake/ov_parallel.cmake
index 0dc8a7671883d8..3ed4507cb63238 100644
--- a/src/cmake/ov_parallel.cmake
+++ b/src/cmake/ov_parallel.cmake
@@ -274,7 +274,7 @@ function(ov_set_threading_interface_for TARGET_NAME)
         set(LINK_TYPE "PRIVATE")
         set(COMPILE_DEF_TYPE "PRIVATE")
     elseif(target_type STREQUAL "STATIC_LIBRARY")
-        # Affected libraries: inference_engine_s
+        # Affected libraries: openvino_runtime_s
         # they don't have TBB in public headers => PRIVATE
         set(LINK_TYPE "PRIVATE")
         set(COMPILE_DEF_TYPE "PUBLIC")
diff --git a/src/common/low_precision_transformations/CMakeLists.txt b/src/common/low_precision_transformations/CMakeLists.txt
index 35ce97b5d85b75..215cb74de0f1c0 100644
--- a/src/common/low_precision_transformations/CMakeLists.txt
+++ b/src/common/low_precision_transformations/CMakeLists.txt
@@ -2,7 +2,7 @@
 # SPDX-License-Identifier: Apache-2.0
 #
 
-set (TARGET_NAME "inference_engine_lp_transformations")
+set (TARGET_NAME "openvino_lp_transformations")
 
 set(PUBLIC_HEADERS_DIR "${CMAKE_CURRENT_SOURCE_DIR}/include")
 
@@ -27,8 +27,7 @@ ov_build_target_faster(${TARGET_NAME}_obj UNITY)
 
 target_link_libraries(${TARGET_NAME}_obj PRIVATE openvino::itt openvino::core::dev)
 
-target_include_directories(${TARGET_NAME}_obj PRIVATE $<BUILD_INTERFACE:${PUBLIC_HEADERS_DIR}>
-    $<BUILD_INTERFACE:$<TARGET_PROPERTY:inference_engine_transformations,INTERFACE_INCLUDE_DIRECTORIES>>)
+target_include_directories(${TARGET_NAME}_obj PRIVATE $<BUILD_INTERFACE:${PUBLIC_HEADERS_DIR}>)
 
 add_cpplint_target(${TARGET_NAME}_cpplint FOR_TARGETS ${TARGET_NAME}_obj)
 
@@ -38,15 +37,6 @@ if(NOT BUILD_SHARED_LIBS)
     target_compile_definitions(${TARGET_NAME}_obj PUBLIC OPENVINO_STATIC_LIBRARY)
 endif()
 
-# INTERFACE library for BW compatibility
-
-add_library(${TARGET_NAME} INTERFACE)
-target_link_libraries(${TARGET_NAME} INTERFACE openvino::runtime)
-
-target_include_directories(${TARGET_NAME} INTERFACE
-    $<BUILD_INTERFACE:${CMAKE_CURRENT_SOURCE_DIR}/include>
-    $<BUILD_INTERFACE:$<TARGET_PROPERTY:inference_engine_transformations,INTERFACE_INCLUDE_DIRECTORIES>>)
-
 # LTO
 
 set_target_properties(${TARGET_NAME}_obj PROPERTIES INTERPROCEDURAL_OPTIMIZATION_RELEASE ${ENABLE_LTO})
diff --git a/src/common/transformations/CMakeLists.txt b/src/common/transformations/CMakeLists.txt
index 10ed5fa6eea413..c4c4ccaa9bb94c 100644
--- a/src/common/transformations/CMakeLists.txt
+++ b/src/common/transformations/CMakeLists.txt
@@ -2,7 +2,7 @@
 # SPDX-License-Identifier: Apache-2.0
 #
 
-set(TARGET_NAME "inference_engine_transformations")
+set(TARGET_NAME "openvino_transformations")
 
 set(PUBLIC_HEADERS_DIR "${CMAKE_CURRENT_SOURCE_DIR}/include")
 
diff --git a/src/common/transformations/tests/CMakeLists.txt b/src/common/transformations/tests/CMakeLists.txt
index 7091f5162fea8d..8aab671225f732 100644
--- a/src/common/transformations/tests/CMakeLists.txt
+++ b/src/common/transformations/tests/CMakeLists.txt
@@ -19,8 +19,6 @@ ov_add_test_target(
         sharedTestClasses
         ov_lpt_models
     ADD_CLANG_FORMAT
-    INCLUDES
-        $<TARGET_PROPERTY:inference_engine_obj,SOURCE_DIR>/src
     LABELS
         OV UNIT TRANSFORMATIONS
 )
diff --git a/src/core/CMakeLists.txt b/src/core/CMakeLists.txt
index 8bf5976ef0fd9e..680bf15a5b037d 100644
--- a/src/core/CMakeLists.txt
+++ b/src/core/CMakeLists.txt
@@ -27,10 +27,10 @@ if(ON)
 
     set_property(SOURCE ${MIXED_SRC}
         APPEND PROPERTY INCLUDE_DIRECTORIES
-            $<TARGET_PROPERTY:inference_engine_obj,SOURCE_DIR>/src
-            $<TARGET_PROPERTY:inference_engine_obj,SOURCE_DIR>/dev_api
-            $<TARGET_PROPERTY:inference_engine_obj,SOURCE_DIR>/include
-            $<TARGET_PROPERTY:inference_engine_obj,SOURCE_DIR>/include/ie)
+            $<TARGET_PROPERTY:openvino_runtime_obj,SOURCE_DIR>/src
+            $<TARGET_PROPERTY:openvino_runtime_obj,SOURCE_DIR>/dev_api
+            $<TARGET_PROPERTY:openvino_runtime_obj,SOURCE_DIR>/include
+            $<TARGET_PROPERTY:openvino_runtime_obj,SOURCE_DIR>/include/ie)
 endif()
 
 # Create named folders for the sources within the .vcproj
@@ -98,23 +98,23 @@ target_link_libraries(openvino_core_obj PRIVATE openvino::reference openvino::ut
 
 ov_mark_target_as_cc(openvino_core_obj)
 
-# ngraph is public API => need to mark this library as important for ABI free
+# openvino_core is public API => need to mark this library as important for ABI free
 ov_abi_free_target(openvino_core_obj)
 
 ov_ncc_naming_style(FOR_TARGET openvino_core_obj
                     SOURCE_DIRECTORIES "${CMAKE_CURRENT_SOURCE_DIR}/include")
 
-ov_add_clang_format_target(ngraph_clang FOR_SOURCES ${LIBRARY_SRC} ${PUBLIC_HEADERS} ${DEV_HEADERS})
+ov_add_clang_format_target(openvino_core_clang FOR_SOURCES ${LIBRARY_SRC} ${PUBLIC_HEADERS} ${DEV_HEADERS})
 
 if(NOT BUILD_SHARED_LIBS)
     target_compile_definitions(openvino_core_obj PUBLIC OPENVINO_STATIC_LIBRARY)
 endif()
 
 if(CMAKE_CXX_COMPILER_ID STREQUAL "MSVC")
-    # ngraph is linked against openvino::reference, openvino::shape_inference static libraries
-    # which include ngraph headers with dllimport attribute. Linker complains about it
+    # openvino_core is linked against openvino::reference, openvino::shape_inference static libraries
+    # which include openvino_core headers with dllimport attribute. Linker complains about it
     # but no way to fix this: linking with no attribute defaults to dllexport and we have
-    # multiple defitions for ngraph symbols.
+    # multiple defitions for openvino_core symbols.
     #
     # The possible way is to use object libraries for openvino::reference
     # but it's not convinient since these libraries are exported from build tree
@@ -128,7 +128,8 @@ if(CMAKE_CXX_COMPILER_ID STREQUAL "MSVC")
     target_link_options(openvino_core_obj ${link_type} "/IGNORE:4217,4286")
 endif()
 
-# some sources are located in ngraph, while headers are in inference_engine_transformations
+# TODO: try to remove this and move smart reshape to transformations
+# some sources are located in openvino_core, while headers are in openvino_transformations
 file(GLOB_RECURSE smart_reshape_srcs ${CMAKE_CURRENT_SOURCE_DIR}/src/pass/smart_reshape/*.cpp)
 file(GLOB_RECURSE rt_info_srcs ${CMAKE_CURRENT_SOURCE_DIR}/src/pass/rt_info/*.cpp)
 set_source_files_properties("${CMAKE_CURRENT_SOURCE_DIR}/src/pass/convert_precision.cpp"
@@ -139,18 +140,11 @@ set_source_files_properties("${CMAKE_CURRENT_SOURCE_DIR}/src/pass/convert_precis
                             "${CMAKE_CURRENT_SOURCE_DIR}/src/preprocess/preprocess_steps_impl.cpp"
                             "${CMAKE_CURRENT_SOURCE_DIR}/src/model.cpp" # for SmartReshape
                             ${smart_reshape_srcs} ${rt_info_srcs}
-        PROPERTIES INCLUDE_DIRECTORIES $<TARGET_PROPERTY:inference_engine_transformations,INTERFACE_INCLUDE_DIRECTORIES>)
+        PROPERTIES INCLUDE_DIRECTORIES $<TARGET_PROPERTY:openvino::core::dev,INTERFACE_INCLUDE_DIRECTORIES>)
 
 # Defines macro in C++ to load backend plugin
 target_include_directories(openvino_core_obj PUBLIC $<BUILD_INTERFACE:${OV_CORE_INCLUDE_PATH}>
-                                      PRIVATE ${CMAKE_CURRENT_SOURCE_DIR}/src)
-
-add_library(ngraph INTERFACE)
-target_link_libraries(ngraph INTERFACE openvino::runtime)
-# Add an alias so that library can be used inside the build tree, e.g. when testing
-add_library(openvino::core ALIAS ngraph)
-
-target_include_directories(ngraph INTERFACE $<BUILD_INTERFACE:${OV_CORE_INCLUDE_PATH}>)
+                                             PRIVATE ${CMAKE_CURRENT_SOURCE_DIR}/src)
 
 #-----------------------------------------------------------------------------------------------
 # Installation logic...
diff --git a/src/core/tests/CMakeLists.txt b/src/core/tests/CMakeLists.txt
index 47a82454ebd25d..c3f2120e98e2f8 100644
--- a/src/core/tests/CMakeLists.txt
+++ b/src/core/tests/CMakeLists.txt
@@ -13,7 +13,7 @@ add_definitions(-DSERIALIZED_ZOO=\"${TEST_MODEL_ZOO}/core/models\")
 
 # For type relaxed types
 set_source_files_properties(${CMAKE_CURRENT_SOURCE_DIR}/threading.cpp
-        PROPERTIES INCLUDE_DIRECTORIES $<TARGET_PROPERTY:inference_engine_transformations,INTERFACE_INCLUDE_DIRECTORIES>)
+        PROPERTIES INCLUDE_DIRECTORIES $<TARGET_PROPERTY:openvino::core::dev,INTERFACE_INCLUDE_DIRECTORIES>)
 
 if(SUGGEST_OVERRIDE_SUPPORTED)
     set_source_files_properties(ov_tensor_test.cpp
diff --git a/src/frontends/common/CMakeLists.txt b/src/frontends/common/CMakeLists.txt
index 9c3d45f949c5bb..80fe85b7df8c9f 100644
--- a/src/frontends/common/CMakeLists.txt
+++ b/src/frontends/common/CMakeLists.txt
@@ -73,7 +73,7 @@ ov_abi_free_target(${TARGET_NAME}_obj)
 ov_ncc_naming_style(FOR_TARGET ${TARGET_NAME}_obj
                     SOURCE_DIRECTORIES "${FRONTEND_INCLUDE_DIR}"
                     ADDITIONAL_INCLUDE_DIRECTORIES
-                        $<TARGET_PROPERTY:ngraph,INTERFACE_INCLUDE_DIRECTORIES>)
+                        $<TARGET_PROPERTY:openvino::core::dev,INTERFACE_INCLUDE_DIRECTORIES>)
 
 # Installation rules header files
 
diff --git a/src/inference/CMakeLists.txt b/src/inference/CMakeLists.txt
index 6e99274ff05961..cc7422a456101f 100644
--- a/src/inference/CMakeLists.txt
+++ b/src/inference/CMakeLists.txt
@@ -2,10 +2,10 @@
 # SPDX-License-Identifier: Apache-2.0
 #
 
-set (TARGET_NAME "inference_engine")
+set (TARGET_NAME "openvino_runtime")
 
 if(CMAKE_CXX_COMPILER_ID STREQUAL "MSVC")
-    # TODO: Add IMPLEMENT_OPENVINO_API to inference_engine_obj
+    # TODO: Add IMPLEMENT_OPENVINO_API to openvino_runtime_obj
     ov_add_compiler_flags(/wd4273)
 endif()
 
@@ -100,18 +100,17 @@ ov_build_target_faster(${TARGET_NAME}_obj
 
 target_compile_definitions(${TARGET_NAME}_obj PRIVATE
     IMPLEMENT_INFERENCE_ENGINE_API
-    $<$<TARGET_EXISTS:openvino_proxy_plugin_obj>:PROXY_PLUGIN_ENABLED>
-    $<TARGET_PROPERTY:ngraph,INTERFACE_COMPILE_DEFINITIONS>)
+    $<$<TARGET_EXISTS:openvino_proxy_plugin_obj>:PROXY_PLUGIN_ENABLED>)
 
 target_include_directories(${TARGET_NAME}_obj SYSTEM PRIVATE
-    $<TARGET_PROPERTY:ngraph,INTERFACE_INCLUDE_DIRECTORIES>
     $<TARGET_PROPERTY:openvino::pugixml,INTERFACE_INCLUDE_DIRECTORIES>
-    $<$<TARGET_EXISTS:openvino_proxy_plugin_obj>:$<TARGET_PROPERTY:openvino_proxy_plugin_obj,INTERFACE_INCLUDE_DIRECTORIES>>
     $<$<TARGET_EXISTS:xbyak::xbyak>:$<TARGET_PROPERTY:xbyak::xbyak,INTERFACE_INCLUDE_DIRECTORIES>>)
 
 target_include_directories(${TARGET_NAME}_obj PRIVATE
     "${CMAKE_CURRENT_SOURCE_DIR}/src"
-    "${CMAKE_CURRENT_SOURCE_DIR}/dev_api"
+    $<TARGET_PROPERTY:openvino::runtime::dev,INTERFACE_INCLUDE_DIRECTORIES>
+    "${CMAKE_CURRENT_SOURCE_DIR}/include/ie" # TODO: remove in 2024.0
+    $<$<TARGET_EXISTS:openvino_proxy_plugin_obj>:$<TARGET_PROPERTY:openvino_proxy_plugin_obj,INTERFACE_INCLUDE_DIRECTORIES>>
     # for ov_plugins.hpp
     $<IF:$<AND:$<BOOL:${OV_GENERATOR_MULTI_CONFIG}>,$<VERSION_GREATER_EQUAL:${CMAKE_VERSION},3.20>>,${CMAKE_CURRENT_BINARY_DIR}/$<CONFIG>,${CMAKE_CURRENT_BINARY_DIR}>)
 
@@ -137,7 +136,7 @@ ov_add_clang_format_target(${TARGET_NAME}_clang FOR_SOURCES ${OV_STATIC_DEPENDEN
 
 ov_ncc_naming_style(FOR_TARGET ${TARGET_NAME}_obj
                     SOURCE_DIRECTORIES "${CMAKE_CURRENT_SOURCE_DIR}/include/openvino"
-                    ADDITIONAL_INCLUDE_DIRECTORIES $<TARGET_PROPERTY:ngraph,INTERFACE_INCLUDE_DIRECTORIES>)
+                    ADDITIONAL_INCLUDE_DIRECTORIES $<TARGET_PROPERTY:openvino::core::dev,INTERFACE_INCLUDE_DIRECTORIES>)
 
 # Static library used for unit tests which are always built
 
diff --git a/src/inference/tests/functional/CMakeLists.txt b/src/inference/tests/functional/CMakeLists.txt
index 7a5f43ed6a7f97..c35a5b1b1398ad 100644
--- a/src/inference/tests/functional/CMakeLists.txt
+++ b/src/inference/tests/functional/CMakeLists.txt
@@ -50,7 +50,7 @@ ov_add_test_target(
         DEFINES
             ${COMPILE_DEFINITIONS}
         INCLUDES
-            $<TARGET_PROPERTY:inference_engine_obj,SOURCE_DIR>/src
+            $<TARGET_PROPERTY:openvino_runtime_obj,SOURCE_DIR>/src
             $<$<TARGET_EXISTS:openvino_proxy_plugin_obj>:$<TARGET_PROPERTY:openvino_proxy_plugin_obj,INTERFACE_INCLUDE_DIRECTORIES>>
             ${CMAKE_CURRENT_SOURCE_DIR}
         ADD_CLANG_FORMAT
diff --git a/src/plugins/intel_cpu/CMakeLists.txt b/src/plugins/intel_cpu/CMakeLists.txt
index 7a269e6449288e..df9bddd23bc22e 100644
--- a/src/plugins/intel_cpu/CMakeLists.txt
+++ b/src/plugins/intel_cpu/CMakeLists.txt
@@ -207,8 +207,7 @@ if(BUILD_SHARED_LIBS)
     ov_set_threading_interface_for(${TARGET_NAME}_obj)
 
     target_compile_definitions(${TARGET_NAME}_obj PRIVATE
-        USE_STATIC_IE IMPLEMENT_INFERENCE_ENGINE_PLUGIN IMPLEMENT_INFERENCE_EXTENSION_API
-        $<TARGET_PROPERTY:ngraph,INTERFACE_COMPILE_DEFINITIONS>)
+        USE_STATIC_IE IMPLEMENT_INFERENCE_ENGINE_PLUGIN IMPLEMENT_INFERENCE_EXTENSION_API)
 
     set_target_properties(${TARGET_NAME}_obj PROPERTIES EXCLUDE_FROM_ALL ON)
 
diff --git a/src/plugins/intel_cpu/tests/unit/CMakeLists.txt b/src/plugins/intel_cpu/tests/unit/CMakeLists.txt
index 6bb37da132021a..a5247b8209ffd7 100644
--- a/src/plugins/intel_cpu/tests/unit/CMakeLists.txt
+++ b/src/plugins/intel_cpu/tests/unit/CMakeLists.txt
@@ -54,14 +54,12 @@ ov_add_test_target(
             gmock
             dnnl
             openvino::shape_inference
-            inference_engine_s
+            openvino_runtime_s
             unit_test_utils
             ov_models
             ov_snippets_models
             snippets_test_utils
             ${MLAS_LIBRARY}
-            inference_engine_transformations
-            inference_engine_lp_transformations
         ADD_CPPLINT
         LABELS
             OV UNIT CPU
diff --git a/src/plugins/intel_gpu/tests/unit/CMakeLists.txt b/src/plugins/intel_gpu/tests/unit/CMakeLists.txt
index 458280bbeae252..b2e745081a32c1 100644
--- a/src/plugins/intel_gpu/tests/unit/CMakeLists.txt
+++ b/src/plugins/intel_gpu/tests/unit/CMakeLists.txt
@@ -62,14 +62,12 @@ endif()
 set_target_properties(${TARGET_NAME} PROPERTIES INTERPROCEDURAL_OPTIMIZATION_RELEASE ${ENABLE_LTO})
 
 target_link_libraries(${TARGET_NAME} PRIVATE openvino_intel_gpu_graph
-                                             inference_engine
                                              OpenCL::OpenCL
                                              gtest
                                              gtest_main
                                              gflags
                                              common_test_utils
                                              openvino::reference
-                                             inference_engine_transformations
                                              gmock)
 
 target_include_directories(${TARGET_NAME} PRIVATE ${CMAKE_CURRENT_SOURCE_DIR}
diff --git a/src/tests/test_utils/common_test_utils/CMakeLists.txt b/src/tests/test_utils/common_test_utils/CMakeLists.txt
index 7514aa476adae3..10caf4fb836540 100644
--- a/src/tests/test_utils/common_test_utils/CMakeLists.txt
+++ b/src/tests/test_utils/common_test_utils/CMakeLists.txt
@@ -51,7 +51,7 @@ function(add_common_utils ADD_TARGET_NAME)
 
     # USE_STATIC_IE is passed
     if(ARGN)
-        target_link_libraries(${ADD_TARGET_NAME} PRIVATE inference_engine_s)
+        target_link_libraries(${ADD_TARGET_NAME} PRIVATE openvino_runtime_s)
     endif()
 
     ov_build_target_faster(${ADD_TARGET_NAME}
diff --git a/src/tests/test_utils/unit_test_utils/CMakeLists.txt b/src/tests/test_utils/unit_test_utils/CMakeLists.txt
index dd2bb77aa52224..7075b0d10d9c8b 100644
--- a/src/tests/test_utils/unit_test_utils/CMakeLists.txt
+++ b/src/tests/test_utils/unit_test_utils/CMakeLists.txt
@@ -18,7 +18,7 @@ ov_add_target(
         LINK_LIBRARIES
             PUBLIC
                 common_test_utils_s
-                inference_engine_s
+                openvino_runtime_s
                 gmock
         DEPENDENCIES
             mock_engine