diff --git a/src/plugins/intel_gpu/src/graph/primitive_inst.cpp b/src/plugins/intel_gpu/src/graph/primitive_inst.cpp
index 0d0748311caa08..938219709f8cc0 100644
--- a/src/plugins/intel_gpu/src/graph/primitive_inst.cpp
+++ b/src/plugins/intel_gpu/src/graph/primitive_inst.cpp
@@ -389,7 +389,9 @@ void primitive_inst::update_shape() {
         if (i >= _deps.size())
             continue;
 
-        if (_deps[i].first->get_node().is_in_shape_of_subgraph()) {
+        if (_deps[i].first->get_node().is_in_shape_of_subgraph() &&
+        (_deps[i].first->get_node().get_selected_impl() ? _deps[i].first->get_node().get_selected_impl()->is_cpu()
+        : _deps[i].first->get_node().get_preferred_impl_type() == impl_types::cpu)) {
             bool can_skip = true;
             const auto& insts = _deps[i].first->dependant_shape_of_insts;
             for (auto& inst : insts) {
@@ -429,7 +431,8 @@ void primitive_inst::update_shape() {
             continue;
         }
 
-        if (!get_node().is_type<shape_of>() && !dep->get_node().is_in_shape_of_subgraph()) {
+        if (!get_node().is_type<shape_of>() &&
+        !(dep->get_node().get_selected_impl() ? dep->get_node().get_selected_impl()->is_cpu() : dep->get_node().get_preferred_impl_type() == impl_types::cpu)) {
             has_runtime_deps = true;
 
             // Events may be not created for in-order queue, so take them for OOO queue only
diff --git a/src/plugins/intel_gpu/tests/unit/dynamic_execution/update_shape_test.cpp b/src/plugins/intel_gpu/tests/unit/dynamic_execution/update_shape_test.cpp
new file mode 100644
index 00000000000000..ec5042e853fa7a
--- /dev/null
+++ b/src/plugins/intel_gpu/tests/unit/dynamic_execution/update_shape_test.cpp
@@ -0,0 +1,68 @@
+// Copyright (C) 2022 Intel Corporation
+// SPDX-License-Identifier: Apache-2.0
+//
+
+#include "test_utils.h"
+
+#include <intel_gpu/primitives/input_layout.hpp>
+#include <intel_gpu/primitives/data.hpp>
+#include <intel_gpu/primitives/shape_of.hpp>
+#include <intel_gpu/primitives/broadcast.hpp>
+#include <intel_gpu/primitives/gather.hpp>
+#include <intel_gpu/primitives/non_zero.hpp>
+
+#include "program_wrapper.h"
+
+#include <cmath>
+#include <algorithm>
+
+using namespace cldnn;
+using namespace ::tests;
+
+namespace update_shape_tests {
+TEST(update_shape_test, ocl_impl_in_shapeof_subgraph) {
+    auto& engine = get_test_engine();
+
+    layout const1_gather_layout = layout{ov::PartialShape{1}, data_types::i32, format::bfyx};
+    auto const1_gather = engine.allocate_memory(const1_gather_layout);
+    set_values<int32_t>(const1_gather, {1});
+
+    layout const_broadcast_layout = layout{ov::PartialShape{}, data_types::i32, format::bfyx};
+    auto const_broadcast = engine.allocate_memory(const_broadcast_layout);
+    set_values<int32_t>(const_broadcast, {1});
+
+    layout input_l= layout{ov::PartialShape{1, 128}, data_types::i32, format::bfyx};
+    auto input_mem = engine.allocate_memory(input_l);
+    set_values<int32_t>(input_mem, {1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8, 9, 10,
+                                    1, 2, 3, 4, 5, 6, 7, 8,});
+
+    auto input_l_dynamic = layout{ov::PartialShape::dynamic(2), data_types::i32, format::bfyx};
+    topology topology(input_layout("input", input_l_dynamic),
+                      data("const1_gather", const1_gather),
+                      data("const_broadcast", const_broadcast),
+                      shape_of("shape_of", input_info("input"), data_types::i32),
+                      gather("gather", input_info("shape_of"), input_info("const1_gather"), 0, 1, ov::Shape({1})),
+                      broadcast("broadcast1", input_info("const_broadcast"), input_info("gather"), {}, ov::op::BroadcastType::NUMPY),
+                      count_nonzero("count_nonzero", input_info("broadcast1")),
+                      gather_nonzero("gather_nonzero", input_info("broadcast1"), input_info("count_nonzero")),
+                      broadcast("broadcast2", input_info("gather_nonzero"), input_info("shape_of"), {}, ov::op::BroadcastType::BIDIRECTIONAL));
+    ExecutionConfig config = get_test_default_config(engine);
+    config.set_property(ov::intel_gpu::allow_new_shape_infer(true));
+
+    network network(engine, topology, config);
+    network.set_input_data("input", input_mem);
+    std::map<primitive_id, network_output> outputs;
+    OV_ASSERT_NO_THROW(outputs = network.execute());
+}
+}  // update_shape_test