diff --git a/cmake.deps/deps.txt b/cmake.deps/deps.txt
index bd9f9d4247..716a892263 100644
--- a/cmake.deps/deps.txt
+++ b/cmake.deps/deps.txt
@@ -16,8 +16,8 @@ UNIBILIUM_SHA256 9c4747c862ab5e3076dcf8fa8f0ea7a6b50f20ec5905618b953665559679748
 LIBVTERM_URL https://github.com/neovim/libvterm/archive/v0.3.3.tar.gz
 LIBVTERM_SHA256 0babe3ab42c354925dadede90d352f054aa9c4ae6842ea803a20c9741e172e56
 
-LUV_URL https://github.com/luvit/luv/archive/1.47.0-0.tar.gz
-LUV_SHA256 f9911d9d33808514e9ddc1e74667a57c427efa14fefecfa5fabe80ce95a3150a
+LUV_URL https://github.com/luvit/luv/archive/v1.48.0-0.tar.gz
+LUV_SHA256 c9c12e414f8045aea11e5dbb44cd6c68196c10e02e1294dad971c367976cc1f9
 
 LPEG_URL https://github.com/neovim/deps/raw/d495ee6f79e7962a53ad79670cb92488abe0b9b4/opt/lpeg-1.1.0.tar.gz
 LPEG_SHA256 4b155d67d2246c1ffa7ad7bc466c1ea899bbc40fef0257cc9c03cecbaed4352a
diff --git a/runtime/doc/luvref.txt b/runtime/doc/luvref.txt
index 1a811a361b..2be73f0412 100644
--- a/runtime/doc/luvref.txt
+++ b/runtime/doc/luvref.txt
@@ -837,7 +837,7 @@ uv.new_prepare()                                              *uv.new_prepare()*
                 Creates and initializes a new |uv_prepare_t|. Returns the Lua
                 userdata wrapping it.
 
-                Returns: `uv_prepare_t userdata` or `fail`
+                Returns: `uv_prepare_t userdata`
 
 uv.prepare_start({prepare}, {callback})                     *uv.prepare_start()*
 
@@ -882,7 +882,7 @@ uv.new_check()                                                  *uv.new_check()*
                 Creates and initializes a new |uv_check_t|. Returns the Lua
                 userdata wrapping it.
 
-                Returns: `uv_check_t userdata` or `fail`
+                Returns: `uv_check_t userdata`
 
 uv.check_start({check}, {callback})                           *uv.check_start()*
 
@@ -934,7 +934,7 @@ uv.new_idle()                                                    *uv.new_idle()*
                 Creates and initializes a new |uv_idle_t|. Returns the Lua
                 userdata wrapping it.
 
-                Returns: `uv_idle_t userdata` or `fail`
+                Returns: `uv_idle_t userdata`
 
 uv.idle_start({idle}, {callback})                              *uv.idle_start()*
 
@@ -2077,7 +2077,7 @@ uv.pipe_bind2({pipe}, {name}, {flags})                         *uv.pipe_bind2()*
                  - If `type(flags)` is `number`, it must be `0` or
                    `uv.constants.PIPE_NO_TRUNCATE`.
                  - If `type(flags)` is `table`, it must be `{}` or
-                   `{ no_trunate = true|false }`.
+                   `{ no_truncate = true|false }`.
                  - If `type(flags)` is `nil`, it use default value `0`.
                  - Returns `EINVAL` for unsupported flags without performing the
                    bind.
@@ -2110,7 +2110,7 @@ uv.pipe_connect2(pipe, name, [flags], [callback])           *uv.pipe_connect2()*
                 - If `type(flags)` is `number`, it must be `0` or
                   `uv.constants.PIPE_NO_TRUNCATE`.
                 - If `type(flags)` is `table`, it must be `{}` or
-                  `{ no_trunate = true|false }`.
+                  `{ no_truncate = true|false }`.
                 - If `type(flags)` is `nil`, it use default value `0`.
                 - Returns `EINVAL` for unsupported flags without performing the
                   bind operation.
@@ -3630,6 +3630,42 @@ uv.thread_getcpu()                                          *uv.thread_getcpu()*
 
                 Returns: `integer` or `fail`
 
+uv.thread_setpriority({thread}, {priority})            *uv.thread.setpriority()*
+
+                > method form `thread:setpriority(priority)`
+
+                Parameters:
+                - `thread`: `luv_thread_t userdata`
+                - `priority`: `number`
+
+                Sets the specified thread's scheduling priority setting. It
+                requires elevated privilege to set specific priorities on some
+                platforms. The priority can be set to the following constants:
+                - `uv.constants.THREAD_PRIORITY_HIGHEST`
+                - `uv.constants.THREAD_PRIORITY_ABOVE_NORMAL`
+                - `uv.constants.THREAD_PRIORITY_NORMAL`
+                - `uv.constants.THREAD_PRIORITY_BELOW_NORMAL`
+                - `uv.constants.THREAD_PRIORITY_LOWEST`
+
+                Returns: `boolean` or `fail`
+
+uv.thread_getpriority({thread})                        *uv.thread.getpriority()*
+
+                > method form `thread:getpriority()`
+
+                Parameters:
+                - `thread`: `luv_thread_t userdata`
+
+                Gets the thread's priority setting.
+
+                Retrieves the scheduling priority of the specified thread. The
+                returned priority value is platform dependent.
+
+                For Linux, when schedule policy is SCHED_OTHER (default),
+                priority is 0.
+
+                Returns: `number` or `fail`
+
 uv.thread_self()                                              *uv.thread_self()*
 
                 Returns the handle for the thread in which this is called.