diff --git a/recipes/openvino/all/conandata.yml b/recipes/openvino/all/conandata.yml
index e7a253f3fb89e..92d15e83a5401 100644
--- a/recipes/openvino/all/conandata.yml
+++ b/recipes/openvino/all/conandata.yml
@@ -1,4 +1,20 @@
 sources:
+  "2024.4.0":
+    "openvino":
+      url: "https://github.com/openvinotoolkit/openvino/archive/refs/tags/2024.4.0.tar.gz"
+      sha256: "aeb6297e3e88b4ab7803b27b231a72bd0493b6761ef98f225142146be500f538"
+    "arm_compute":
+      url: "https://github.com/ARM-software/ComputeLibrary/archive/refs/tags/v24.08.tar.gz"
+      sha256: "b3576ffa2a70e7704bdf7febe7109f4cfb416a0178222b58f5ee0fd455980337"
+    "onednn_cpu":
+      url: "https://github.com/openvinotoolkit/oneDNN/archive/c8ae8d96e963bd04214858319fa334968e5e73c9.tar.gz"
+      sha256: "b9c2a53061b4528231ff5fbcee85900d698c329c7977b1f39c5d3d65f29c2caa"
+    "mlas":
+      url: "https://github.com/openvinotoolkit/mlas/archive/d1bc25ec4660cddd87804fcf03b2411b5dfb2e94.tar.gz"
+      sha256: "0a44fbfd4b13e8609d66ddac4b11a27c90c1074cde5244c91ad197901666004c"
+    "onednn_gpu":
+      url: "https://github.com/oneapi-src/oneDNN/archive/4ccd07e3a10e1c08075cf824ac14708245fbc334.tar.gz"
+      sha256: "4782d7cfd06ae6f782f1f99a62b7937e38a0d4b879a4e33f740a0602e610c86c"
   "2024.3.0":
     "openvino":
       url: "https://github.com/openvinotoolkit/openvino/archive/refs/tags/2024.3.0.tar.gz"
diff --git a/recipes/openvino/all/conanfile.py b/recipes/openvino/all/conanfile.py
index 0a4c1e9f4440b..8e6af66ae2c3f 100644
--- a/recipes/openvino/all/conanfile.py
+++ b/recipes/openvino/all/conanfile.py
@@ -205,7 +205,11 @@ def generate(self):
         toolchain.cache_variables["ENABLE_INTEL_CPU"] = self.options.enable_cpu
         if self._gpu_option_available:
             toolchain.cache_variables["ENABLE_INTEL_GPU"] = self.options.enable_gpu
-            toolchain.cache_variables["ENABLE_ONEDNN_FOR_GPU"] = self.options.shared or not self.options.enable_cpu
+            toolchain.cache_variables["ENABLE_ONEDNN_FOR_GPU"] = (
+                Version(self.version) >= "2024.4.0" and self.options.enable_gpu
+                or not self.options.enable_cpu
+                or self.options.shared
+            )
         if self._gna_option_available:
             toolchain.cache_variables["ENABLE_INTEL_GNA"] = False
         if self._npu_option_available:
@@ -275,7 +279,8 @@ def validate_build(self):
             raise ConanInvalidConfiguration(f"{self.ref} does not support Debug build type on Conan Center CI")
 
     def validate(self):
-        if self.options.get_safe("enable_gpu") and not self.options.shared and self.options.enable_cpu:
+        if (self.options.get_safe("enable_gpu") and self.options.enable_cpu
+                and Version(self.version) < "2024.4.0" and not self.options.shared):
             # GPU and CPU plugins cannot be simultaneously built statically, because they use different oneDNN versions
             self.output.warning(f"{self.name} recipe builds GPU plugin without oneDNN (dGPU) support during static build, "
                                 "because CPU plugin compiled with different oneDNN version may cause ODR violation. "
@@ -329,7 +334,7 @@ def package_info(self):
             if self.options.get_safe("enable_gpu"):
                 openvino_runtime.libs.extend(["openvino_intel_gpu_plugin", "openvino_intel_gpu_graph",
                                               "openvino_intel_gpu_runtime", "openvino_intel_gpu_kernels"])
-                if not self.options.enable_cpu:
+                if not self.options.enable_cpu or Version(self.version) >= "2024.4.0":
                     openvino_runtime.libs.append("openvino_onednn_gpu")
             # SW plugins
             if self.options.enable_auto:
diff --git a/recipes/openvino/all/dependencies/dependencies-2024.4.0.yml b/recipes/openvino/all/dependencies/dependencies-2024.4.0.yml
new file mode 100644
index 0000000000000..8cd1d9ccc3564
--- /dev/null
+++ b/recipes/openvino/all/dependencies/dependencies-2024.4.0.yml
@@ -0,0 +1 @@
+onnx: "1.16.0"
diff --git a/recipes/openvino/config.yml b/recipes/openvino/config.yml
index 6e20b31cea112..f1172721d416f 100644
--- a/recipes/openvino/config.yml
+++ b/recipes/openvino/config.yml
@@ -1,4 +1,6 @@
 versions:
+  "2024.4.0":
+    folder: "all"
   "2024.3.0":
     folder: "all"
   "2024.2.0":