diff --git a/components/esp_rom/esp32c2/ld/esp32c2.rom.ld b/components/esp_rom/esp32c2/ld/esp32c2.rom.ld
index b137b664b8..92bb9f6686 100644
--- a/components/esp_rom/esp32c2/ld/esp32c2.rom.ld
+++ b/components/esp_rom/esp32c2/ld/esp32c2.rom.ld
@@ -1502,7 +1502,7 @@ mac_tx_set_plcp2 = 0x40001b68;
 /* pm_check_state = 0x40001b6c; */
 pm_disable_dream_timer = 0x40001b70;
 pm_disable_sleep_delay_timer = 0x40001b74;
-pm_dream = 0x40001b78;
+/*pm_dream = 0x40001b78;*/
 pm_mac_wakeup = 0x40001b7c;
 pm_mac_sleep = 0x40001b80;
 pm_enable_active_timer = 0x40001b84;
@@ -1512,7 +1512,7 @@ pm_set_beacon_filter = 0x40001b90;
 pm_is_in_wifi_slice_threshold = 0x40001b94;
 pm_is_waked = 0x40001b98;
 pm_keep_alive = 0x40001b9c;
-pm_on_beacon_rx = 0x40001ba0;
+/*pm_on_beacon_rx = 0x40001ba0;*/
 pm_on_data_rx = 0x40001ba4;
 pm_on_tbtt = 0x40001ba8;
 /* pm_parse_beacon = 0x40001bac;*/
@@ -1683,7 +1683,7 @@ hal_disable_sta_tbtt = 0x40001e3c;
 ppCalTxopDur = 0x40001e40;
 wDev_IndicateCtrlFrame = 0x40001e44;
 hal_enable_sta_tbtt = 0x40001e48;
-hal_set_sta_tbtt = 0x40001e4c;
+/*hal_set_sta_tbtt = 0x40001e4c;*/
 /* pm_update_next_tbtt = 0x40001e50;*/
 /* pm_set_sleep_type = 0x40001e54; */
 wDev_Rxbuf_Init = 0x40001e58;
@@ -1742,7 +1742,7 @@ tsf_hal_set_tbtt_intr_enable = 0x40001f28;
 tsf_hal_set_tbtt_intr_disable = 0x40001f2c;
 tsf_hal_set_tbtt_soc_wakeup_enable = 0x40001f30;
 tsf_hal_set_tbtt_soc_wakeup_disable = 0x40001f34;
-tsf_hal_set_tbtt_start_time = 0x40001f38;
+/*tsf_hal_set_tbtt_start_time = 0x40001f38;*/
 tsf_hal_set_tbtt_early_time = 0x40001f3c;
 tsf_hal_set_tbtt_interval = 0x40001f40;
 tsf_hal_get_tbtt_interval = 0x40001f44;
diff --git a/components/esp_rom/esp32c3/ld/esp32c3.rom.eco7.ld b/components/esp_rom/esp32c3/ld/esp32c3.rom.eco7.ld
index 0ede302cb4..aeaa931925 100644
--- a/components/esp_rom/esp32c3/ld/esp32c3.rom.eco7.ld
+++ b/components/esp_rom/esp32c3/ld/esp32c3.rom.eco7.ld
@@ -15,7 +15,7 @@ lmacTxFrame = 0x40001630;
 mac_tx_set_htsig = 0x40001638;
 mac_tx_set_plcp1 = 0x40001640;
 pm_check_state = 0x40001648;
-pm_on_beacon_rx = 0x4000167c;
+/*pm_on_beacon_rx = 0x4000167c;*/
 /*pm_parse_beacon = 0x40001688;*/
 pm_process_tim = 0x4000168c;
 pm_rx_beacon_process = 0x40001690;
@@ -33,7 +33,7 @@ wDevCheckBlockError = 0x400017b4;
 wDev_ProcessFiq = 0x400017f0;
 /*wDev_ProcessRxSucData = 0x400017f4;*/
 ppProcTxDone = 0x40001804;
-pm_tx_data_done_process = 0x40001808;
+/*pm_tx_data_done_process = 0x40001808;*/
 ppMapWaitTxq = 0x40001810;
 /*ieee80211_encap_esfbuf = 0x4000185c;*/
 /*sta_input = 0x40001870;*/
diff --git a/components/esp_rom/esp32c3/ld/esp32c3.rom.ld b/components/esp_rom/esp32c3/ld/esp32c3.rom.ld
index 7258241d26..cec2c7d64e 100644
--- a/components/esp_rom/esp32c3/ld/esp32c3.rom.ld
+++ b/components/esp_rom/esp32c3/ld/esp32c3.rom.ld
@@ -1538,7 +1538,7 @@ mac_tx_set_plcp2 = 0x40001644;
 /* pm_check_state = 0x40001648; */
 pm_disable_dream_timer = 0x4000164c;
 pm_disable_sleep_delay_timer = 0x40001650;
-pm_dream = 0x40001654;
+/*pm_dream = 0x40001654;*/
 pm_mac_wakeup = 0x40001658;
 pm_mac_sleep = 0x4000165c;
 pm_enable_active_timer = 0x40001660;
diff --git a/components/esp_rom/esp32s3/ld/esp32s3.rom.ld b/components/esp_rom/esp32s3/ld/esp32s3.rom.ld
index ba1d63c1ee..456b6fb9ed 100644
--- a/components/esp_rom/esp32s3/ld/esp32s3.rom.ld
+++ b/components/esp_rom/esp32s3/ld/esp32s3.rom.ld
@@ -1839,7 +1839,7 @@ mac_tx_set_plcp2 = 0x4000540c;
 /* pm_check_state = 0x40005418; */
 pm_disable_dream_timer = 0x40005424;
 pm_disable_sleep_delay_timer = 0x40005430;
-pm_dream = 0x4000543c;
+/*pm_dream = 0x4000543c;*/
 pm_mac_wakeup = 0x40005448;
 pm_mac_sleep = 0x40005454;
 pm_enable_active_timer = 0x40005460;
diff --git a/components/esp_wifi/Kconfig b/components/esp_wifi/Kconfig
index fb3c05116e..646e49f6bd 100644
--- a/components/esp_wifi/Kconfig
+++ b/components/esp_wifi/Kconfig
@@ -18,6 +18,13 @@ menu "Wi-Fi"
             If only Bluetooth is used, it is recommended to disable this option to reduce binary file
             size.
 
+    config ESP_COEX_POWER_MANAGEMENT
+        bool "Support power management under coexistence"
+        default n
+        depends on (ESP32_WIFI_SW_COEXIST_ENABLE)
+        help
+            If enabled, coexist power management will be enabled.
+
     config ESP32_WIFI_STATIC_RX_BUFFER_NUM
         int "Max number of WiFi static RX buffers"
         range 2 25
diff --git a/components/esp_wifi/esp32/esp_adapter.c b/components/esp_wifi/esp32/esp_adapter.c
index 0c04ef27bd..4813036d4f 100644
--- a/components/esp_wifi/esp32/esp_adapter.c
+++ b/components/esp_wifi/esp32/esp_adapter.c
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: 2015-2023 Espressif Systems (Shanghai) CO LTD
+ * SPDX-FileCopyrightText: 2015-2024 Espressif Systems (Shanghai) CO LTD
  *
  * SPDX-License-Identifier: Apache-2.0
  */
@@ -713,6 +713,24 @@ static int coex_register_start_cb_wrapper(int (* cb)(void))
 #endif
 }
 
+static int coex_schm_flexible_period_set_wrapper(uint8_t period)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_set(period);
+#else
+    return 0;
+#endif
+}
+
+static uint8_t coex_schm_flexible_period_get_wrapper(void)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_get();
+#else
+    return 1;
+#endif
+}
+
 static void IRAM_ATTR esp_empty_wrapper(void)
 {
 
@@ -852,6 +870,8 @@ wifi_osi_funcs_t g_wifi_osi_funcs = {
     ._coex_schm_curr_phase_idx_set = coex_schm_curr_phase_idx_set_wrapper,
     ._coex_schm_curr_phase_idx_get = coex_schm_curr_phase_idx_get_wrapper,
     ._coex_register_start_cb = coex_register_start_cb_wrapper,
+    ._coex_schm_flexible_period_set = coex_schm_flexible_period_set_wrapper,
+    ._coex_schm_flexible_period_get = coex_schm_flexible_period_get_wrapper,
     ._magic = ESP_WIFI_OS_ADAPTER_MAGIC,
 };
 
diff --git a/components/esp_wifi/esp32c2/esp_adapter.c b/components/esp_wifi/esp32c2/esp_adapter.c
index 5cd992695a..3328e7129a 100644
--- a/components/esp_wifi/esp32c2/esp_adapter.c
+++ b/components/esp_wifi/esp32c2/esp_adapter.c
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: 2015-2023 Espressif Systems (Shanghai) CO LTD
+ * SPDX-FileCopyrightText: 2015-2024 Espressif Systems (Shanghai) CO LTD
  *
  * SPDX-License-Identifier: Apache-2.0
  */
@@ -639,6 +639,24 @@ static int coex_register_start_cb_wrapper(int (* cb)(void))
 #endif
 }
 
+static int coex_schm_flexible_period_set_wrapper(uint8_t period)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_set(period);
+#else
+    return 0;
+#endif
+}
+
+static uint8_t coex_schm_flexible_period_get_wrapper(void)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_get();
+#else
+    return 1;
+#endif
+}
+
 static void IRAM_ATTR esp_empty_wrapper(void)
 {
 
@@ -772,6 +790,8 @@ wifi_osi_funcs_t g_wifi_osi_funcs = {
     ._coex_schm_curr_phase_idx_set = coex_schm_curr_phase_idx_set_wrapper,
     ._coex_schm_curr_phase_idx_get = coex_schm_curr_phase_idx_get_wrapper,
     ._coex_register_start_cb = coex_register_start_cb_wrapper,
+    ._coex_schm_flexible_period_set = coex_schm_flexible_period_set_wrapper,
+    ._coex_schm_flexible_period_get = coex_schm_flexible_period_get_wrapper,
     ._magic = ESP_WIFI_OS_ADAPTER_MAGIC,
 };
 
diff --git a/components/esp_wifi/esp32c3/esp_adapter.c b/components/esp_wifi/esp32c3/esp_adapter.c
index ad507fa55e..6a1f7c50bb 100644
--- a/components/esp_wifi/esp32c3/esp_adapter.c
+++ b/components/esp_wifi/esp32c3/esp_adapter.c
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: 2015-2023 Espressif Systems (Shanghai) CO LTD
+ * SPDX-FileCopyrightText: 2015-2024 Espressif Systems (Shanghai) CO LTD
  *
  * SPDX-License-Identifier: Apache-2.0
  */
@@ -647,6 +647,24 @@ static int coex_register_start_cb_wrapper(int (* cb)(void))
 #endif
 }
 
+static int coex_schm_flexible_period_set_wrapper(uint8_t period)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_set(period);
+#else
+    return 0;
+#endif
+}
+
+static uint8_t coex_schm_flexible_period_get_wrapper(void)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_get();
+#else
+    return 1;
+#endif
+}
+
 static void IRAM_ATTR esp_empty_wrapper(void)
 {
 
@@ -780,6 +798,8 @@ wifi_osi_funcs_t g_wifi_osi_funcs = {
     ._coex_schm_curr_phase_idx_set = coex_schm_curr_phase_idx_set_wrapper,
     ._coex_schm_curr_phase_idx_get = coex_schm_curr_phase_idx_get_wrapper,
     ._coex_register_start_cb = coex_register_start_cb_wrapper,
+    ._coex_schm_flexible_period_set = coex_schm_flexible_period_set_wrapper,
+    ._coex_schm_flexible_period_get = coex_schm_flexible_period_get_wrapper,
     ._magic = ESP_WIFI_OS_ADAPTER_MAGIC,
 };
 
diff --git a/components/esp_wifi/esp32s2/esp_adapter.c b/components/esp_wifi/esp32s2/esp_adapter.c
index e7c1e4b125..2f8fc723af 100644
--- a/components/esp_wifi/esp32s2/esp_adapter.c
+++ b/components/esp_wifi/esp32s2/esp_adapter.c
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: 2015-2023 Espressif Systems (Shanghai) CO LTD
+ * SPDX-FileCopyrightText: 2015-2024 Espressif Systems (Shanghai) CO LTD
  *
  * SPDX-License-Identifier: Apache-2.0
  */
@@ -714,6 +714,24 @@ static int coex_register_start_cb_wrapper(int (* cb)(void))
 #endif
 }
 
+static int coex_schm_flexible_period_set_wrapper(uint8_t period)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_set(period);
+#else
+    return 0;
+#endif
+}
+
+static uint8_t coex_schm_flexible_period_get_wrapper(void)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_get();
+#else
+    return 1;
+#endif
+}
+
 static void IRAM_ATTR esp_empty_wrapper(void)
 {
 
@@ -852,6 +870,8 @@ wifi_osi_funcs_t g_wifi_osi_funcs = {
     ._coex_schm_curr_phase_idx_set = coex_schm_curr_phase_idx_set_wrapper,
     ._coex_schm_curr_phase_idx_get = coex_schm_curr_phase_idx_get_wrapper,
     ._coex_register_start_cb = coex_register_start_cb_wrapper,
+    ._coex_schm_flexible_period_set = coex_schm_flexible_period_set_wrapper,
+    ._coex_schm_flexible_period_get = coex_schm_flexible_period_get_wrapper,
     ._magic = ESP_WIFI_OS_ADAPTER_MAGIC,
 };
 
diff --git a/components/esp_wifi/esp32s3/esp_adapter.c b/components/esp_wifi/esp32s3/esp_adapter.c
index ceeac7b9e6..2b2f03119b 100644
--- a/components/esp_wifi/esp32s3/esp_adapter.c
+++ b/components/esp_wifi/esp32s3/esp_adapter.c
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: 2015-2023 Espressif Systems (Shanghai) CO LTD
+ * SPDX-FileCopyrightText: 2015-2024 Espressif Systems (Shanghai) CO LTD
  *
  * SPDX-License-Identifier: Apache-2.0
  */
@@ -736,6 +736,24 @@ static int coex_register_start_cb_wrapper(int (* cb)(void))
 #endif
 }
 
+static int coex_schm_flexible_period_set_wrapper(uint8_t period)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_set(period);
+#else
+    return 0;
+#endif
+}
+
+static uint8_t coex_schm_flexible_period_get_wrapper(void)
+{
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+    return coex_schm_flexible_period_get();
+#else
+    return 1;
+#endif
+}
+
 static void IRAM_ATTR esp_empty_wrapper(void)
 {
 
@@ -874,6 +892,8 @@ wifi_osi_funcs_t g_wifi_osi_funcs = {
     ._coex_schm_curr_phase_idx_set = coex_schm_curr_phase_idx_set_wrapper,
     ._coex_schm_curr_phase_idx_get = coex_schm_curr_phase_idx_get_wrapper,
     ._coex_register_start_cb = coex_register_start_cb_wrapper,
+    ._coex_schm_flexible_period_set = coex_schm_flexible_period_set_wrapper,
+    ._coex_schm_flexible_period_get = coex_schm_flexible_period_get_wrapper,
     ._magic = ESP_WIFI_OS_ADAPTER_MAGIC,
 };
 
diff --git a/components/esp_wifi/include/esp_coexist_internal.h b/components/esp_wifi/include/esp_coexist_internal.h
index 34894aeff2..5157ae0edd 100644
--- a/components/esp_wifi/include/esp_coexist_internal.h
+++ b/components/esp_wifi/include/esp_coexist_internal.h
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: 2018-2023 Espressif Systems (Shanghai) CO LTD
+ * SPDX-FileCopyrightText: 2018-2024 Espressif Systems (Shanghai) CO LTD
  *
  * SPDX-License-Identifier: Apache-2.0
  */
@@ -263,6 +263,25 @@ esp_err_t esp_coex_external_set(esp_coex_pti_level_t level1,
 void esp_coex_external_stop(void);
 #endif    /*External Coex*/
 
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+/**
+  * @brief     Set coexist scheme flexible period
+  *
+  * @param     period    flexible period
+  *
+  * @return
+  *    - ESP_OK: succeed
+  */
+int coex_schm_flexible_period_set(uint8_t period);
+
+/**
+  * @brief     Get coexist scheme flexible period
+  *
+  * @return    Coexist scheme flexible period
+  */
+uint8_t coex_schm_flexible_period_get(void);
+#endif
+
 /**
   * @brief     Check the MD5 values of the coexistence adapter header files in IDF and WiFi library
   *
diff --git a/components/esp_wifi/include/esp_private/wifi_os_adapter.h b/components/esp_wifi/include/esp_private/wifi_os_adapter.h
index 1db55d3537..58da94a59e 100644
--- a/components/esp_wifi/include/esp_private/wifi_os_adapter.h
+++ b/components/esp_wifi/include/esp_private/wifi_os_adapter.h
@@ -149,6 +149,8 @@ typedef struct {
     int (* _coex_schm_curr_phase_idx_set)(int idx);
     int (* _coex_schm_curr_phase_idx_get)(void);
     int (* _coex_register_start_cb)(int (* cb)(void));
+    int (*_coex_schm_flexible_period_set)(uint8_t);
+    uint8_t (*_coex_schm_flexible_period_get)(void);
     int32_t _magic;
 } wifi_osi_funcs_t;
 
diff --git a/components/esp_wifi/include/esp_wifi.h b/components/esp_wifi/include/esp_wifi.h
index df851621de..3da267032e 100644
--- a/components/esp_wifi/include/esp_wifi.h
+++ b/components/esp_wifi/include/esp_wifi.h
@@ -1488,6 +1488,21 @@ esp_err_t esp_wifi_sta_get_negotiated_phymode(wifi_phy_mode_t *phymode);
   */
 esp_err_t esp_wifi_sta_get_rssi(int *rssi);
 
+#if CONFIG_ESP_COEX_POWER_MANAGEMENT
+/**
+  * @brief      Enable Wi-Fi coexistence power management
+  *
+  * @attention  This API should be called after esp_wifi_init().
+  *
+  * @param      enabled Wi-Fi coexistence power management is enabled or not.
+  *
+  * @return
+  *    - ESP_OK: succeed
+  *    - others: failed
+  */
+esp_err_t esp_wifi_coex_pwr_configure(bool enabled);
+#endif
+
 #ifdef __cplusplus
 }
 #endif
diff --git a/components/esp_wifi/lib b/components/esp_wifi/lib
index ef3ff9b9d4..8e77aab969 160000
--- a/components/esp_wifi/lib
+++ b/components/esp_wifi/lib
@@ -1 +1 @@
-Subproject commit ef3ff9b9d431ae5ce3330dc27fbf562b6f7f0c5d
+Subproject commit 8e77aab969608a0b128631b2731765ddd2d2ac7f