diff --git a/bom/application/pom.xml b/bom/application/pom.xml
index 23b1674c510699..4c8c367268a6ce 100644
--- a/bom/application/pom.xml
+++ b/bom/application/pom.xml
@@ -36,8 +36,8 @@
         <opentracing-jdbc.version>0.2.4</opentracing-jdbc.version>
         <opentracing-kafka.version>0.1.15</opentracing-kafka.version>
         <opentracing-mongo.version>0.1.5</opentracing-mongo.version>
-        <opentelemetry.version>1.23.1</opentelemetry.version>
-        <opentelemetry-alpha.version>1.23.0-alpha</opentelemetry-alpha.version>
+        <opentelemetry.version>1.24.0</opentelemetry.version>
+        <opentelemetry-alpha.version>1.24.0-alpha</opentelemetry-alpha.version>
         <opentelemetry-aws.contrib.version>1.23.0-alpha</opentelemetry-aws.contrib.version>
         <opentelemetry-aws-xray.contrib.version>1.23.0</opentelemetry-aws-xray.contrib.version>
         <jaeger.version>1.8.1</jaeger.version>
diff --git a/extensions/opentelemetry/deployment/src/test/java/io/quarkus/opentelemetry/deployment/instrumentation/VertxClientOpenTelemetryTest.java b/extensions/opentelemetry/deployment/src/test/java/io/quarkus/opentelemetry/deployment/instrumentation/VertxClientOpenTelemetryTest.java
index f99592e6f7706b..97419bbf5426c1 100644
--- a/extensions/opentelemetry/deployment/src/test/java/io/quarkus/opentelemetry/deployment/instrumentation/VertxClientOpenTelemetryTest.java
+++ b/extensions/opentelemetry/deployment/src/test/java/io/quarkus/opentelemetry/deployment/instrumentation/VertxClientOpenTelemetryTest.java
@@ -9,6 +9,8 @@
 import static io.opentelemetry.semconv.trace.attributes.SemanticAttributes.HTTP_URL;
 import static io.opentelemetry.semconv.trace.attributes.SemanticAttributes.NET_HOST_NAME;
 import static io.opentelemetry.semconv.trace.attributes.SemanticAttributes.NET_HOST_PORT;
+import static io.opentelemetry.semconv.trace.attributes.SemanticAttributes.NET_PEER_NAME;
+import static io.opentelemetry.semconv.trace.attributes.SemanticAttributes.NET_PEER_PORT;
 import static io.quarkus.opentelemetry.deployment.common.TestSpanExporter.getSpanByKindAndParentId;
 import static java.net.HttpURLConnection.HTTP_OK;
 import static java.util.stream.Collectors.toSet;
@@ -79,6 +81,8 @@ void client() throws Exception {
         assertEquals(HTTP_OK, client.getAttributes().get(HTTP_STATUS_CODE));
         assertEquals(HttpMethod.GET, client.getAttributes().get(HTTP_METHOD));
         assertEquals(uri.toString() + "hello", client.getAttributes().get(HTTP_URL));
+        assertEquals(uri.getHost(), client.getAttributes().get(NET_PEER_NAME));
+        assertEquals(uri.getPort(), client.getAttributes().get(NET_PEER_PORT));
 
         SpanData server = getSpanByKindAndParentId(spans, SERVER, client.getSpanId());
         assertEquals(SERVER, server.getKind());
@@ -111,6 +115,8 @@ void path() throws Exception {
         assertEquals(HTTP_OK, client.getAttributes().get(HTTP_STATUS_CODE));
         assertEquals(HttpMethod.GET, client.getAttributes().get(HTTP_METHOD));
         assertEquals(uri.toString() + "hello/naruto", client.getAttributes().get(HTTP_URL));
+        assertEquals(uri.getHost(), client.getAttributes().get(NET_PEER_NAME));
+        assertEquals(uri.getPort(), client.getAttributes().get(NET_PEER_PORT));
 
         SpanData server = getSpanByKindAndParentId(spans, SERVER, client.getSpanId());
         assertEquals(SERVER, server.getKind());
diff --git a/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/exporter/otlp/graal/Target_io_opentelemetry_exporter_otlp_internal_grpc_ManagedChannelUtil.java b/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/exporter/otlp/graal/Target_io_opentelemetry_exporter_otlp_internal_grpc_ManagedChannelUtil.java
index c5e632010db264..39d466cb7263dd 100644
--- a/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/exporter/otlp/graal/Target_io_opentelemetry_exporter_otlp_internal_grpc_ManagedChannelUtil.java
+++ b/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/exporter/otlp/graal/Target_io_opentelemetry_exporter_otlp_internal_grpc_ManagedChannelUtil.java
@@ -24,18 +24,11 @@ final class Target_io_opentelemetry_exporter_otlp_internal_grpc_ManagedChannelUt
     @Substitute
     public static void setClientKeysAndTrustedCertificatesPem(
             ManagedChannelBuilder<?> managedChannelBuilder,
-            byte[] privateKeyPem,
-            byte[] certificatePem,
-            byte[] trustedCertificatesPem)
+            X509TrustManager tmf,
+            X509KeyManager kmf)
             throws SSLException {
         requireNonNull(managedChannelBuilder, "managedChannelBuilder");
-        requireNonNull(trustedCertificatesPem, "trustedCertificatesPem");
-
-        X509TrustManager tmf = TlsUtil.trustManager(trustedCertificatesPem);
-        X509KeyManager kmf = null;
-        if (privateKeyPem != null && certificatePem != null) {
-            kmf = TlsUtil.keyManager(privateKeyPem, certificatePem);
-        }
+        requireNonNull(tmf, "X509TrustManager");
 
         // gRPC does not abstract TLS configuration so we need to check the implementation and act
         // accordingly.
diff --git a/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/tracing/intrumentation/restclient/OpenTelemetryClientFilter.java b/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/tracing/intrumentation/restclient/OpenTelemetryClientFilter.java
index 55d23a672b3bc4..bf4688a4a10d11 100644
--- a/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/tracing/intrumentation/restclient/OpenTelemetryClientFilter.java
+++ b/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/tracing/intrumentation/restclient/OpenTelemetryClientFilter.java
@@ -26,6 +26,8 @@
 import io.opentelemetry.instrumentation.api.instrumenter.http.HttpClientAttributesGetter;
 import io.opentelemetry.instrumentation.api.instrumenter.http.HttpSpanNameExtractor;
 import io.opentelemetry.instrumentation.api.instrumenter.http.HttpSpanStatusExtractor;
+import io.opentelemetry.instrumentation.api.instrumenter.net.NetClientAttributesGetter;
+import io.opentelemetry.semconv.trace.attributes.SemanticAttributes;
 import io.quarkus.arc.Unremovable;
 import io.quarkus.opentelemetry.runtime.QuarkusContextStorage;
 
@@ -60,6 +62,7 @@ public OpenTelemetryClientFilter() {
     @Inject
     public OpenTelemetryClientFilter(final OpenTelemetry openTelemetry) {
         ClientAttributesExtractor clientAttributesExtractor = new ClientAttributesExtractor();
+        ClientNetAttributesGetter clientNetAttributesExtractor = new ClientNetAttributesGetter();
 
         InstrumenterBuilder<ClientRequestContext, ClientResponseContext> builder = Instrumenter.builder(
                 openTelemetry,
@@ -68,7 +71,8 @@ public OpenTelemetryClientFilter(final OpenTelemetry openTelemetry) {
 
         this.instrumenter = builder
                 .setSpanStatusExtractor(HttpSpanStatusExtractor.create(clientAttributesExtractor))
-                .addAttributesExtractor(HttpClientAttributesExtractor.create(clientAttributesExtractor))
+                .addAttributesExtractor(HttpClientAttributesExtractor.create(
+                        clientAttributesExtractor, clientNetAttributesExtractor))
                 .buildClientInstrumenter(new ClientRequestContextTextMapSetter());
     }
 
@@ -178,4 +182,23 @@ public List<String> getResponseHeader(final ClientRequestContext request, final
             return response.getHeaders().getOrDefault(name, emptyList());
         }
     }
+
+    private static class ClientNetAttributesGetter
+            implements NetClientAttributesGetter<ClientRequestContext, ClientResponseContext> {
+
+        @Override
+        public String getTransport(ClientRequestContext clientRequestContext, ClientResponseContext clientResponseContext) {
+            return SemanticAttributes.NetTransportValues.IP_TCP;
+        }
+
+        @Override
+        public String getPeerName(ClientRequestContext clientRequestContext) {
+            return clientRequestContext.getUri().getHost();
+        }
+
+        @Override
+        public Integer getPeerPort(ClientRequestContext clientRequestContext) {
+            return clientRequestContext.getUri().getPort();
+        }
+    }
 }
diff --git a/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/tracing/intrumentation/vertx/HttpInstrumenterVertxTracer.java b/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/tracing/intrumentation/vertx/HttpInstrumenterVertxTracer.java
index 07a677a3e051b7..38de269b45f384 100644
--- a/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/tracing/intrumentation/vertx/HttpInstrumenterVertxTracer.java
+++ b/extensions/opentelemetry/runtime/src/main/java/io/quarkus/opentelemetry/runtime/tracing/intrumentation/vertx/HttpInstrumenterVertxTracer.java
@@ -28,7 +28,9 @@
 import io.opentelemetry.instrumentation.api.instrumenter.http.HttpServerAttributesGetter;
 import io.opentelemetry.instrumentation.api.instrumenter.http.HttpSpanNameExtractor;
 import io.opentelemetry.instrumentation.api.instrumenter.http.HttpSpanStatusExtractor;
+import io.opentelemetry.instrumentation.api.instrumenter.net.NetClientAttributesGetter;
 import io.opentelemetry.instrumentation.api.instrumenter.net.NetServerAttributesGetter;
+import io.opentelemetry.semconv.trace.attributes.SemanticAttributes;
 import io.vertx.core.Context;
 import io.vertx.core.MultiMap;
 import io.vertx.core.http.HttpHeaders;
@@ -127,6 +129,7 @@ private static Instrumenter<HttpRequest, HttpResponse> getServerInstrumenter(fin
     private static Instrumenter<HttpRequest, HttpResponse> getClientInstrumenter(final OpenTelemetry openTelemetry) {
         ServerAttributesExtractor serverAttributesExtractor = new ServerAttributesExtractor();
         ClientAttributesExtractor clientAttributesExtractor = new ClientAttributesExtractor();
+        HttpClientNetAttributeGetter httpClientNetAttributeGetter = new HttpClientNetAttributeGetter();
 
         InstrumenterBuilder<HttpRequest, HttpResponse> clientBuilder = Instrumenter.builder(
                 openTelemetry,
@@ -135,7 +138,8 @@ private static Instrumenter<HttpRequest, HttpResponse> getClientInstrumenter(fin
 
         return clientBuilder
                 .setSpanStatusExtractor(HttpSpanStatusExtractor.create(serverAttributesExtractor))
-                .addAttributesExtractor(HttpClientAttributesExtractor.create(clientAttributesExtractor))
+                .addAttributesExtractor(HttpClientAttributesExtractor.create(
+                        clientAttributesExtractor, httpClientNetAttributeGetter))
                 .buildClientInstrumenter(new HttpRequestTextMapSetter());
     }
 
@@ -295,6 +299,25 @@ public Integer getHostPort(HttpRequest httpRequest) {
         }
     }
 
+    private static class HttpClientNetAttributeGetter implements NetClientAttributesGetter<HttpRequest, HttpResponse> {
+        @Override
+        public String getTransport(HttpRequest httpClientRequest, HttpResponse httpClientResponse) {
+            return SemanticAttributes.NetTransportValues.IP_TCP;
+        }
+
+        @javax.annotation.Nullable
+        @Override
+        public String getPeerName(HttpRequest httpRequest) {
+            return httpRequest.remoteAddress().hostName();
+        }
+
+        @javax.annotation.Nullable
+        @Override
+        public Integer getPeerPort(HttpRequest httpRequest) {
+            return httpRequest.remoteAddress().port();
+        }
+    }
+
     private static class HttpRequestTextMapGetter implements TextMapGetter<HttpRequest> {
         @Override
         public Iterable<String> keys(final HttpRequest carrier) {