diff --git a/Cargo.lock b/Cargo.lock
index 15c08559d80..a5dd9e5729f 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -17,12 +17,6 @@ version = "1.0.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "f26201604c87b1e01bd3d98f8d5d9a8fcbb815e8cedb41ffccbeb4bf593a35fe"
 
-[[package]]
-name = "ahash"
-version = "0.4.7"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "739f4a8db6605981345c5654f3a85b056ce52f37a39d34da03f25bf2151ea16e"
-
 [[package]]
 name = "ahash"
 version = "0.7.6"
@@ -478,65 +472,72 @@ dependencies = [
 
 [[package]]
 name = "cranelift-bforest"
-version = "0.82.3"
+version = "0.86.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "38faa2a16616c8e78a18d37b4726b98bfd2de192f2fdc8a39ddf568a408a0f75"
+checksum = "529ffacce2249ac60edba2941672dfedf3d96558b415d0d8083cd007456e0f55"
 dependencies = [
  "cranelift-entity",
 ]
 
 [[package]]
 name = "cranelift-codegen"
-version = "0.82.3"
+version = "0.86.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "26f192472a3ba23860afd07d2b0217dc628f21fcc72617aa1336d98e1671f33b"
+checksum = "427d105f617efc8cb55f8d036a7fded2e227892d8780b4985e5551f8d27c4a92"
 dependencies = [
  "cranelift-bforest",
  "cranelift-codegen-meta",
  "cranelift-codegen-shared",
  "cranelift-entity",
+ "cranelift-isle",
  "gimli",
- "hashbrown 0.9.1",
+ "hashbrown 0.11.2",
  "log",
- "regalloc",
+ "regalloc2",
  "smallvec",
  "target-lexicon 0.12.4",
 ]
 
 [[package]]
 name = "cranelift-codegen-meta"
-version = "0.82.3"
+version = "0.86.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "0f32ddb89e9b89d3d9b36a5b7d7ea3261c98235a76ac95ba46826b8ec40b1a24"
+checksum = "551674bed85b838d45358e3eab4f0ffaa6790c70dc08184204b9a54b41cdb7d1"
 dependencies = [
  "cranelift-codegen-shared",
 ]
 
 [[package]]
 name = "cranelift-codegen-shared"
-version = "0.82.3"
+version = "0.86.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "01fd0d9f288cc1b42d9333b7a776b17e278fc888c28e6a0f09b5573d45a150bc"
+checksum = "2b3a63ae57498c3eb495360944a33571754241e15e47e3bcae6082f40fec5866"
 
 [[package]]
 name = "cranelift-entity"
-version = "0.82.3"
+version = "0.86.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "9e3bfe172b83167604601faf9dc60453e0d0a93415b57a9c4d1a7ae6849185cf"
+checksum = "11aa8aa624c72cc1c94ea3d0739fa61248260b5b14d3646f51593a88d67f3e6e"
 
 [[package]]
 name = "cranelift-frontend"
-version = "0.82.3"
+version = "0.86.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "a006e3e32d80ce0e4ba7f1f9ddf66066d052a8c884a110b91d05404d6ce26dce"
+checksum = "544ee8f4d1c9559c9aa6d46e7aaeac4a13856d620561094f35527356c7d21bd0"
 dependencies = [
  "cranelift-codegen",
- "hashbrown 0.9.1",
+ "hashbrown 0.11.2",
  "log",
  "smallvec",
  "target-lexicon 0.12.4",
 ]
 
+[[package]]
+name = "cranelift-isle"
+version = "0.86.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "ed16b14363d929b8c37e3c557d0a7396791b383ecc302141643c054343170aad"
+
 [[package]]
 name = "crc32fast"
 version = "1.3.2"
@@ -962,6 +963,15 @@ version = "1.0.7"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "3f9eec918d3f24069decb9af1554cad7c880e2da24a9afd88aca000531ab82c1"
 
+[[package]]
+name = "fxhash"
+version = "0.2.1"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "c31b6d751ae2c7f11320402d34e41349dd1016f8d5d45e48c4312bc8625af50c"
+dependencies = [
+ "byteorder",
+]
+
 [[package]]
 name = "generational-arena"
 version = "0.2.8"
@@ -1058,22 +1068,13 @@ version = "1.8.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "eabb4a44450da02c90444cf74558da904edde8fb4e9035a9a6a4e15445af0bd7"
 
-[[package]]
-name = "hashbrown"
-version = "0.9.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d7afe4a420e3fe79967a00898cc1f4db7c8a49a9333a29f8a4bd76a253d5cd04"
-dependencies = [
- "ahash 0.4.7",
-]
-
 [[package]]
 name = "hashbrown"
 version = "0.11.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "ab5ef0d4909ef3724cc8cce6ccc8572c5c817592e9285f5464f8e86f8bd3726e"
 dependencies = [
- "ahash 0.7.6",
+ "ahash",
 ]
 
 [[package]]
@@ -1082,7 +1083,7 @@ version = "0.12.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "db0d4cf898abf0081f964436dc980e96670a0f36863e4b83aaacdb65c9d7ccc3"
 dependencies = [
- "ahash 0.7.6",
+ "ahash",
 ]
 
 [[package]]
@@ -1843,13 +1844,14 @@ source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "a0d51660a68078997855ba5602f73ab3a5031bd7ad480a9d4c90fbbf04e1fff0"
 
 [[package]]
-name = "regalloc"
-version = "0.0.34"
+name = "regalloc2"
+version = "0.3.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "62446b1d3ebf980bdc68837700af1d77b37bc430e524bf95319c6eada2a4cc02"
+checksum = "76ff2e57a7d050308b3fde0f707aa240b491b190e3855f212860f11bb3af4205"
 dependencies = [
+ "fxhash",
  "log",
- "rustc-hash",
+ "slice-group-by",
  "smallvec",
 ]
 
@@ -2197,6 +2199,12 @@ version = "0.4.6"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "eb703cfe953bccee95685111adeedb76fabe4e97549a58d16f03ea7b9367bb32"
 
+[[package]]
+name = "slice-group-by"
+version = "0.3.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "03b634d87b960ab1a38c4fe143b508576f075e7c978bfad18217645ebfdfa2ec"
+
 [[package]]
 name = "smallvec"
 version = "1.8.0"
diff --git a/lib/compiler-cranelift/Cargo.toml b/lib/compiler-cranelift/Cargo.toml
index cdbf85ede5a..05ee34ac90a 100644
--- a/lib/compiler-cranelift/Cargo.toml
+++ b/lib/compiler-cranelift/Cargo.toml
@@ -14,9 +14,9 @@ edition = "2018"
 [dependencies]
 wasmer-compiler = { path = "../compiler", version = "=2.3.0", features = ["translator", "compiler"], default-features = false }
 wasmer-types = { path = "../types", version = "=2.3.0", default-features = false, features = ["std"] }
-cranelift-entity = { version = "0.82", default-features = false }
-cranelift-codegen = { version = "0.82", default-features = false, features = ["x86", "arm64"] }
-cranelift-frontend = { version = "0.82", default-features = false }
+cranelift-entity = { version = "0.86.1", default-features = false }
+cranelift-codegen = { version = "0.86.1", default-features = false, features = ["x86", "arm64"] }
+cranelift-frontend = { version = "0.86.1", default-features = false }
 tracing = "0.1"
 hashbrown = { version = "0.11", optional = true }
 rayon = { version = "1.5", optional = true }
@@ -26,7 +26,7 @@ smallvec = "1.6"
 target-lexicon = { version = "0.12.2", default-features = false }
 
 [dev-dependencies]
-cranelift-codegen = { version = "0.82", features = ["all-arch"] }
+cranelift-codegen = { version = "0.86.1", features = ["all-arch"] }
 lazy_static = "1.4"
 
 [badges]
diff --git a/lib/compiler-cranelift/src/compiler.rs b/lib/compiler-cranelift/src/compiler.rs
index a64ab97520e..94b7857502d 100644
--- a/lib/compiler-cranelift/src/compiler.rs
+++ b/lib/compiler-cranelift/src/compiler.rs
@@ -393,7 +393,6 @@ impl Compiler for CraneliftCompiler {
 fn mach_reloc_to_reloc(module: &ModuleInfo, reloc: &MachReloc) -> Relocation {
     let &MachReloc {
         offset,
-        srcloc: _,
         kind,
         ref name,
         addend,
@@ -419,11 +418,7 @@ fn mach_reloc_to_reloc(module: &ModuleInfo, reloc: &MachReloc) -> Relocation {
 }
 
 fn mach_trap_to_trap(trap: &MachTrap) -> TrapInformation {
-    let &MachTrap {
-        offset,
-        srcloc: _,
-        code,
-    } = trap;
+    let &MachTrap { offset, code } = trap;
     TrapInformation {
         code_offset: offset,
         trap_code: translate_ir_trapcode(code),