diff --git a/CHANGELOG.md b/CHANGELOG.md
index a824f89..de8f763 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,7 @@
 
 ### Changed
 
+- Dependencies - upgrade `org.jetbrains.kotlin.jvm` to `2.4.20`
 - Dependencies - upgrade `org.jetbrains.intellij.platform` to `2.19.0`
 - Upgrade Gradle Wrapper to `9.8.0`
 - Upgrade Gradle Wrapper to `9.5.0`
diff --git a/settings.gradle.kts b/settings.gradle.kts
index a71b5fd..8492e5e 100644
--- a/settings.gradle.kts
+++ b/settings.gradle.kts
@@ -4,7 +4,7 @@ rootProject.name = "IntelliJ Platform Plugin Template"
 
 pluginManagement {
     plugins {
-        id("org.jetbrains.kotlin.jvm") version "2.1.20"
+        id("org.jetbrains.kotlin.jvm") version "2.4.20"
         id("org.jetbrains.changelog") version "2.5.0"
     }
 }