diff --git a/examples/all-clusters-app/mbed/mbed_app.json b/examples/all-clusters-app/mbed/mbed_app.json
index be14989fe20fb1..6271cbc091cf58 100644
--- a/examples/all-clusters-app/mbed/mbed_app.json
+++ b/examples/all-clusters-app/mbed/mbed_app.json
@@ -18,8 +18,7 @@
                 "MXCRYPTO_DISABLED",
                 "NL_ASSERT_LOG=NL_ASSERT_LOG_DEFAULT",
                 "NL_ASSERT_EXPECT_FLAGS=NL_ASSERT_FLAG_LOG",
-                "WHD_PRINT_DISABLE",
-                "MBED_CONF_LWIP_NETBUF_RECVINFO_ENABLED"
+                "WHD_PRINT_DISABLE"
             ]
         }
     },
diff --git a/examples/lighting-app/mbed/mbed_app.json b/examples/lighting-app/mbed/mbed_app.json
index aaad97efcdf73f..ae32541fccad62 100644
--- a/examples/lighting-app/mbed/mbed_app.json
+++ b/examples/lighting-app/mbed/mbed_app.json
@@ -18,8 +18,7 @@
                 "MXCRYPTO_DISABLED",
                 "NL_ASSERT_LOG=NL_ASSERT_LOG_DEFAULT",
                 "NL_ASSERT_EXPECT_FLAGS=NL_ASSERT_FLAG_LOG",
-                "WHD_PRINT_DISABLE",
-                "MBED_CONF_LWIP_NETBUF_RECVINFO_ENABLED"
+                "WHD_PRINT_DISABLE"
             ],
             "target.components_add": ["capsense"],
             "lighting-state-led": "P9_6",
diff --git a/examples/lock-app/mbed/mbed_app.json b/examples/lock-app/mbed/mbed_app.json
index 45a384f057cf72..27ec18a15a4763 100644
--- a/examples/lock-app/mbed/mbed_app.json
+++ b/examples/lock-app/mbed/mbed_app.json
@@ -18,8 +18,7 @@
                 "MXCRYPTO_DISABLED",
                 "NL_ASSERT_LOG=NL_ASSERT_LOG_DEFAULT",
                 "NL_ASSERT_EXPECT_FLAGS=NL_ASSERT_FLAG_LOG",
-                "WHD_PRINT_DISABLE",
-                "MBED_CONF_LWIP_NETBUF_RECVINFO_ENABLED"
+                "WHD_PRINT_DISABLE"
             ],
             "target.components_add": ["capsense"],
             "lock-state-led": "P9_6",
diff --git a/examples/shell/mbed/mbed_app.json b/examples/shell/mbed/mbed_app.json
index c7281d23ee5fc2..1a6b662db9abcf 100644
--- a/examples/shell/mbed/mbed_app.json
+++ b/examples/shell/mbed/mbed_app.json
@@ -18,8 +18,7 @@
                 "MXCRYPTO_DISABLED",
                 "NL_ASSERT_LOG=NL_ASSERT_LOG_DEFAULT",
                 "NL_ASSERT_EXPECT_FLAGS=NL_ASSERT_FLAG_LOG",
-                "WHD_PRINT_DISABLE",
-                "MBED_CONF_LWIP_NETBUF_RECVINFO_ENABLED"
+                "WHD_PRINT_DISABLE"
             ]
         }
     },
diff --git a/scripts/constraints.txt b/scripts/constraints.txt
index 76a29a9a33ac95..02deb3991b06a7 100644
--- a/scripts/constraints.txt
+++ b/scripts/constraints.txt
@@ -134,7 +134,7 @@ mbed-ls==1.8.11 ; platform_machine != "aarch64" and sys_platform == "linux"
     # via -r requirements.mbed.txt
 mbed-os-tools==1.8.11
     # via mbed-ls
-mbed-tools==7.22.0 ; platform_machine != "aarch64" and sys_platform == "linux"
+mbed-tools==7.49.1 ; platform_machine != "aarch64" and sys_platform == "linux"
     # via -r requirements.mbed.txt
 mobly==1.10.1
     # via -r requirements.txt
diff --git a/scripts/requirements.mbed.txt b/scripts/requirements.mbed.txt
index 47907c083849eb..557c64af524fed 100644
--- a/scripts/requirements.mbed.txt
+++ b/scripts/requirements.mbed.txt
@@ -1,3 +1,3 @@
-mbed-tools>=7.0.0 ; platform_machine != 'aarch64' and sys_platform == 'linux'
+mbed-tools>=7.49.1 ; platform_machine != 'aarch64' and sys_platform == 'linux'
 pytest==6.2.5 ; platform_machine != 'aarch64' and sys_platform == 'linux'
 mbed-ls==1.8.11 ; platform_machine != 'aarch64' and sys_platform == 'linux'
diff --git a/third_party/mbed-os/repo b/third_party/mbed-os/repo
index 4cfbea43cabe86..149c5b12fa8a6c 160000
--- a/third_party/mbed-os/repo
+++ b/third_party/mbed-os/repo
@@ -1 +1 @@
-Subproject commit 4cfbea43cabe86bc3ed7a5287cd464be7a218938
+Subproject commit 149c5b12fa8a6c84d340361975cb992f08367b43