diff --git a/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/AbpCliCoreModule.cs b/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/AbpCliCoreModule.cs
index c1894b2e6b..eb22185b73 100644
--- a/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/AbpCliCoreModule.cs
+++ b/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/AbpCliCoreModule.cs
@@ -22,6 +22,7 @@ namespace Volo.Abp.Cli
             {
                 options.Commands["help"] = typeof(HelpCommand);
                 options.Commands["new"] = typeof(NewCommand);
+                options.Commands["update"] = typeof(UpdateCommand);
                 options.Commands["add-package"] = typeof(AddPackageCommand);
                 options.Commands["add-module"] = typeof(AddModuleCommand);
                 options.Commands["login"] = typeof(LoginCommand);
diff --git a/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/Commands/UpdateCommand.cs b/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/Commands/UpdateCommand.cs
new file mode 100644
index 0000000000..b046c908e3
--- /dev/null
+++ b/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/Commands/UpdateCommand.cs
@@ -0,0 +1,93 @@
+using System;
+using System.Collections.Generic;
+using System.IO;
+using System.Linq;
+using System.Net.Http;
+using System.Threading.Tasks;
+using Microsoft.Extensions.Logging;
+using Microsoft.Extensions.Logging.Abstractions;
+using Newtonsoft.Json;
+using Volo.Abp.Cli.Args;
+using Volo.Abp.Cli.ProjectBuilding.Github;
+using Volo.Abp.Cli.ProjectModification;
+using Volo.Abp.DependencyInjection;
+
+namespace Volo.Abp.Cli.Commands
+{
+    public class UpdateCommand : IConsoleCommand, ITransientDependency
+    {
+        public ILogger<UpdateCommand> Logger { get; set; }
+
+        private readonly VoloPackagesVersionUpdater _packagesVersionUpdater;
+
+        public UpdateCommand(VoloPackagesVersionUpdater packagesVersionUpdater)
+        {
+            _packagesVersionUpdater = packagesVersionUpdater;
+
+            Logger = NullLogger<UpdateCommand>.Instance;
+        }
+
+        public async Task ExecuteAsync(CommandLineArgs commandLineArgs)
+        {
+            var includePreviews = commandLineArgs.Options.GetOrNull(Options.IncludePreviews.Short, Options.IncludePreviews.Long) != null;
+
+            var solution = Directory.GetFiles(Directory.GetCurrentDirectory(), "*.sln").FirstOrDefault();
+
+            if (solution != null)
+            {
+                var version = await GetLatestAbpVersion(includePreviews);
+                var solutionName = Path.GetFileName(solution).RemovePostFix(".sln");
+
+                _packagesVersionUpdater.UpdateSolution(solution, version);
+
+                Logger.LogInformation($"Volo packages are updated to {version} in {solutionName} solution.");
+                return;
+            }
+
+            var project = Directory.GetFiles(Directory.GetCurrentDirectory(), "*.csproj").FirstOrDefault();
+
+            if (project != null)
+            {
+                var version = await GetLatestAbpVersion(includePreviews);
+                var projectName = Path.GetFileName(project).RemovePostFix(".csproj");
+
+                _packagesVersionUpdater.UpdateProject(project, version);
+
+                Logger.LogInformation($"Volo packages are updated to {version} in {projectName} project.");
+                return;
+            }
+
+            Logger.LogError("No solution or project found in this directory.");
+        }
+
+        protected virtual async Task<string> GetLatestAbpVersion(bool includePreviews)
+        {
+            var url = "https://api.github.com/repos/abpframework/abp/releases";
+
+            using (var client = new HttpClient())
+            {
+                client.Timeout = TimeSpan.FromMinutes(30);
+                client.DefaultRequestHeaders.UserAgent.ParseAdd("MyAgent/1.0");
+                var result = await client.GetStringAsync(url);
+
+                var releases = JsonConvert.DeserializeObject<List<GithubRelease>>(result);
+
+                if (!includePreviews)
+                {
+                    releases.RemoveAll(v => v.IsPrerelease);
+                }
+
+                return releases.First().Name.RemovePreFix("v");
+            }
+        }
+
+        public static class Options
+        {
+            public static class IncludePreviews
+            {
+                public const string Short = "p";
+                public const string Long = "include-previews";
+            }
+        }
+    }
+}
diff --git a/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/ProjectModification/VoloPackagesVersionUpdater.cs b/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/ProjectModification/VoloPackagesVersionUpdater.cs
new file mode 100644
index 0000000000..e97a901879
--- /dev/null
+++ b/framework/src/Volo.Abp.Cli.Core/Volo/Abp/Cli/ProjectModification/VoloPackagesVersionUpdater.cs
@@ -0,0 +1,76 @@
+using System;
+using System.IO;
+using System.Text;
+using Volo.Abp.DependencyInjection;
+
+namespace Volo.Abp.Cli.ProjectModification
+{
+    public class VoloPackagesVersionUpdater : ITransientDependency
+    {
+        public void UpdateSolution(string solutionPath, string newVersion)
+        {
+            var projectPaths = ProjectFinder.GetProjectFiles(solutionPath);
+
+            foreach (var filePath in projectPaths)
+            {
+                UpdateInternal(filePath, newVersion);
+            }
+        }
+
+        public void UpdateProject(string projectPath, string newVersion)
+        {
+            UpdateInternal(projectPath, newVersion);
+        }
+
+        protected virtual void UpdateInternal(string projectPath, string newVersion)
+        {
+            var fileContent = File.ReadAllText(projectPath);
+
+            var content = new StringBuilder();
+            var index = 0;
+
+            while (index >= 0)
+            {
+                fileContent = fileContent.Substring(index);
+                content.Append(ReplaceAPackage(fileContent, newVersion, out index));
+            }
+
+            File.WriteAllText(projectPath, content.ToString());
+        }
+
+        private string ReplaceAPackage(string content, string version, out int index)
+        {
+            var packageReferenceStartText = "nclude=\"Volo.";
+            var returningText = new StringBuilder();
+
+            var indexOfPackageReference = content.IndexOf(packageReferenceStartText, StringComparison.Ordinal);
+
+            if (indexOfPackageReference < 0)
+            {
+                index = -1;
+                return content;
+            }
+
+            returningText.Append(content.Substring(0, indexOfPackageReference + packageReferenceStartText.Length));
+            content = content.Substring(indexOfPackageReference + packageReferenceStartText.Length);
+
+            var indexAfterQuote = content.IndexOf("\"", StringComparison.Ordinal) + 1;
+
+            returningText.Append(content.Substring(0, indexAfterQuote));
+            content = content.Substring(indexAfterQuote);
+
+            var indexAfterSecondQuote = content.IndexOf("\"", StringComparison.Ordinal) + 1;
+
+            returningText.Append(content.Substring(0, indexAfterSecondQuote));
+            content = content.Substring(indexAfterSecondQuote);
+
+            var indexOfThirdQuote = content.IndexOf("\"", StringComparison.Ordinal);
+
+            returningText.Append(version);
+
+            index = indexOfPackageReference + packageReferenceStartText.Length + indexAfterQuote + indexAfterSecondQuote + indexOfThirdQuote;
+
+            return returningText.ToString();
+        }
+    }
+}