diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0b25857c98..826abf3786 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,7 @@
 ## Current
 
 ### Features
+- [#5505](https://github.com/blockscout/blockscout/pull/5505) - Manage debug_traceTransaction JSON RPC method timeout
 - [#5491](https://github.com/blockscout/blockscout/pull/5491) - Sequential blocks broadcast on the main page
 - [#5312](https://github.com/blockscout/blockscout/pull/5312) - Add OpenZeppelin proxy storage slot
 - [#5302](https://github.com/blockscout/blockscout/pull/5302) - Add specific tx receipt fields for the GoQuorum client
diff --git a/apps/ethereum_jsonrpc/config/config.exs b/apps/ethereum_jsonrpc/config/config.exs
index 251b7c7e3a..e85965204d 100644
--- a/apps/ethereum_jsonrpc/config/config.exs
+++ b/apps/ethereum_jsonrpc/config/config.exs
@@ -26,6 +26,9 @@ config :ethereum_jsonrpc, EthereumJSONRPC.Tracer,
   adapter: SpandexDatadog.Adapter,
   trace_key: :blockscout
 
+debug_trace_transaction_timeout = System.get_env("ETHEREUM_JSONRPC_DEBUG_TRACE_TRANSACTION_TIMEOUT", "5s")
+config :ethereum_jsonrpc, EthereumJSONRPC.Geth, debug_trace_transaction_timeout: debug_trace_transaction_timeout
+
 config :logger, :ethereum_jsonrpc,
   # keep synced with `config/config.exs`
   format: "$dateT$time $metadata[$level] $message\n",
diff --git a/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/geth.ex b/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/geth.ex
index 05e32348f2..b067ed1f1c 100644
--- a/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/geth.ex
+++ b/apps/ethereum_jsonrpc/lib/ethereum_jsonrpc/geth.ex
@@ -89,7 +89,14 @@ defmodule EthereumJSONRPC.Geth do
   @tracer File.read!(@tracer_path)
 
   defp debug_trace_transaction_request(%{id: id, hash_data: hash_data}) do
-    request(%{id: id, method: "debug_traceTransaction", params: [hash_data, %{tracer: @tracer}]})
+    debug_trace_transaction_timeout =
+      Application.get_env(:ethereum_jsonrpc, __MODULE__)[:debug_trace_transaction_timeout]
+
+    request(%{
+      id: id,
+      method: "debug_traceTransaction",
+      params: [hash_data, %{tracer: @tracer, timeout: debug_trace_transaction_timeout}]
+    })
   end
 
   defp debug_trace_transaction_responses_to_internal_transactions_params(
diff --git a/docker/Makefile b/docker/Makefile
index 86cae05a18..a6ddcfa191 100644
--- a/docker/Makefile
+++ b/docker/Makefile
@@ -397,6 +397,9 @@ endif
 ifdef INDEXER_MEMORY_LIMIT
 	BLOCKSCOUT_CONTAINER_PARAMS += -e 'INDEXER_MEMORY_LIMIT=$(INDEXER_MEMORY_LIMIT)'
 endif
+ifdef ETHEREUM_JSONRPC_DEBUG_TRACE_TRANSACTION_TIMEOUT
+	BLOCKSCOUT_CONTAINER_PARAMS += -e 'ETHEREUM_JSONRPC_DEBUG_TRACE_TRANSACTION_TIMEOUT=$(ETHEREUM_JSONRPC_DEBUG_TRACE_TRANSACTION_TIMEOUT)'
+endif
 
 HAS_BLOCKSCOUT_IMAGE := $(shell docker images | grep -sw "${BS_CONTAINER_IMAGE} ")
 build: