diff --git a/.gitmodules b/.gitmodules
index 6da238246dd..275c5d6905b 100644
--- a/.gitmodules
+++ b/.gitmodules
@@ -1,7 +1,7 @@
 [submodule "binutils"]
 	path = binutils
 	url = https://sourceware.org/git/binutils-gdb.git
-	branch = binutils-2_40-branch
+	branch = binutils-2_41-release-point
 [submodule "gcc"]
 	path = gcc
 	url = https://gcc.gnu.org/git/gcc.git
diff --git a/binutils b/binutils
index 675b9d612cc..49f6117f958 160000
--- a/binutils
+++ b/binutils
@@ -1 +1 @@
-Subproject commit 675b9d612cc59446e84e2c6d89b45500cb603a8d
+Subproject commit 49f6117f958cbd22ff93e4ce777a93d9802a402a
diff --git a/test/allowlist/binutils/common.log b/test/allowlist/binutils/common.log
index 4c4e56c98ac..792d6005489 100644
--- a/test/allowlist/binutils/common.log
+++ b/test/allowlist/binutils/common.log
@@ -1,12 +1 @@
 #
-# Failures look like:
-# Error: rv64im_zba_zbb_zcb: unknown prefixed ISA extension `zcb'
-# Error: rv32i_zcf: unknown prefixed ISA extension `zcf'
-#
-FAIL: gas/riscv/march-fail-rv64i_zcf
-FAIL: gas/riscv/march-imply-zcd
-FAIL: gas/riscv/march-imply-zcf
-FAIL: gas/riscv/zca
-FAIL: gas/riscv/zcb
-FAIL: gas/riscv/zcd
-FAIL: gas/riscv/zcf