diff --git a/releasenotes/notes/revoke_async_timeout_lib_version-59c2e86b7b196dc6.yaml b/releasenotes/notes/revoke_async_timeout_lib_version-59c2e86b7b196dc6.yaml
new file mode 100644
index 0000000..3646e33
--- /dev/null
+++ b/releasenotes/notes/revoke_async_timeout_lib_version-59c2e86b7b196dc6.yaml
@@ -0,0 +1,21 @@
+#######################################################################################
+# Copyright ETSI Contributors and Others.
+#
+# Licensed under the Apache License, Version 2.0 (the "License");
+# you may not use this file except in compliance with the License.
+# You may obtain a copy of the License at
+#
+#    http://www.apache.org/licenses/LICENSE-2.0
+#
+# Unless required by applicable law or agreed to in writing, software
+# distributed under the License is distributed on an "AS IS" BASIS,
+# WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or
+# implied.
+# See the License for the specific language governing permissions and
+# limitations under the License.
+#######################################################################################
+---
+other:
+  - |
+    Updated async-timeout pip version create conflicts with N2VC so version is downgraded
+    from 4.0.2 to 3.0.1.
diff --git a/requirements.in b/requirements.in
index b8e0f2e..37b107b 100644
--- a/requirements.in
+++ b/requirements.in
@@ -17,4 +17,5 @@
 aiokafka
 pyyaml==5.4.1
 pycrypto
-dataclasses
\ No newline at end of file
+dataclasses
+async-timeout==3.0.1
\ No newline at end of file
diff --git a/requirements.txt b/requirements.txt
index 5995b6a..e0ad77e 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -16,8 +16,10 @@
 #######################################################################################
 aiokafka==0.8.0
     # via -r requirements.in
-async-timeout==4.0.2
-    # via aiokafka
+async-timeout==3.0.1
+    # via
+    #   -r requirements.in
+    #   aiokafka
 dataclasses==0.6
     # via -r requirements.in
 kafka-python==2.0.2