diff --git a/RELEASE-NOTES.txt b/RELEASE-NOTES.txt
index e75b6d05cff..fe6c545250d 100644
--- a/RELEASE-NOTES.txt
+++ b/RELEASE-NOTES.txt
@@ -4,6 +4,7 @@
 21.0
 -----
 - [*] Fixed text formatting in the "Collect Payment has moved" rationale bottom sheet [https://github.com/woocommerce/woocommerce-android/pull/12815]
+- [*] Added support for loading Product images using the AVIF format [https://github.com/woocommerce/woocommerce-android/pull/12835]
 
 20.9
 -----
diff --git a/WooCommerce/build.gradle b/WooCommerce/build.gradle
index 2018e455434..e0d799593dc 100644
--- a/WooCommerce/build.gradle
+++ b/WooCommerce/build.gradle
@@ -322,6 +322,7 @@ dependencies {
     implementation(libs.bumptech.glide.main)
     ksp(libs.bumptech.glide.compiler)
     implementation(libs.bumptech.glide.volley.integration)
+    implementation(libs.bumptech.glide.avif.integration)
     implementation(libs.google.play.app.update)
     implementation(libs.google.play.review)
 
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 5374199eb1c..7b87b0fa4cb 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -90,7 +90,7 @@ wordpress-fluxc = '2.99.1'
 wordpress-login = '1.19.0'
 wordpress-libaddressinput = '0.0.2'
 wordpress-mediapicker = '0.3.1'
-wordpress-utils = '3.5.0'
+wordpress-utils = '3.15.0'
 zendesk = '5.0.8'
 
 [libraries]
@@ -167,6 +167,7 @@ automattic-tracks-crashlogging = { group = "com.automattic.tracks", name = "cras
 bumptech-glide-main = { group = "com.github.bumptech.glide", name = "glide", version.ref = "bumptech-glide" }
 bumptech-glide-compiler = { group = "com.github.bumptech.glide", name = "compiler", version.ref = "bumptech-glide" }
 bumptech-glide-volley-integration = { group = "com.github.bumptech.glide", name = "volley-integration", version.ref = "bumptech-glide" }
+bumptech-glide-avif-integration = { group = "com.github.bumptech.glide", name = "avif-integration", version.ref = "bumptech-glide" }
 cashapp-turbine = { group = "app.cash.turbine", name = "turbine", version.ref = "cashapp-turbine" }
 coil-compose = { group = "io.coil-kt", name = "coil-compose", version.ref = "coil" }
 coil-svg = { group = "io.coil-kt", name = "coil-svg", version.ref = "coil" }