diff --git a/packages/grpc-native-core/binding.gyp b/packages/grpc-native-core/binding.gyp
index ab1edb32..bef04a41 100644
--- a/packages/grpc-native-core/binding.gyp
+++ b/packages/grpc-native-core/binding.gyp
@@ -91,7 +91,7 @@
       'GPR_BACKWARDS_COMPATIBILITY_MODE',
       'GRPC_ARES=0',
       'GRPC_UV',
-      'GRPC_NODE_VERSION="1.20.0"'
+      'GRPC_NODE_VERSION="1.20.1"'
     ],
     'conditions': [
       ['grpc_gcov=="true"', {
diff --git a/packages/grpc-native-core/deps/grpc b/packages/grpc-native-core/deps/grpc
index 9dfbd34f..7741e806 160000
--- a/packages/grpc-native-core/deps/grpc
+++ b/packages/grpc-native-core/deps/grpc
@@ -1 +1 @@
-Subproject commit 9dfbd34f5c0b20bd77658c73c59b9a3e4e8f4e14
+Subproject commit 7741e806a213cba63c96234f16d712a8aa101a49
diff --git a/packages/grpc-native-core/package.json b/packages/grpc-native-core/package.json
index 404dcec6..1ccc70b8 100644
--- a/packages/grpc-native-core/package.json
+++ b/packages/grpc-native-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "grpc",
-  "version": "1.20.0",
+  "version": "1.20.1",
   "author": "Google Inc.",
   "description": "gRPC Library for Node",
   "homepage": "https://grpc.io/",