diff --git a/homeassistant/components/reolink/__init__.py b/homeassistant/components/reolink/__init__.py
index 64058caba78..e9b1d7e8c37 100644
--- a/homeassistant/components/reolink/__init__.py
+++ b/homeassistant/components/reolink/__init__.py
@@ -93,7 +93,7 @@ async def async_setup_entry(hass: HomeAssistant, config_entry: ConfigEntry) -> b
         """Check for firmware updates."""
         async with asyncio.timeout(host.api.timeout * (RETRY_ATTEMPTS + 2)):
             try:
-                await host.api.check_new_firmware()
+                await host.api.check_new_firmware(host.firmware_ch_list)
             except ReolinkError as err:
                 if starting:
                     _LOGGER.debug(
diff --git a/homeassistant/components/reolink/host.py b/homeassistant/components/reolink/host.py
index e557eb1d60e..83f366005f9 100644
--- a/homeassistant/components/reolink/host.py
+++ b/homeassistant/components/reolink/host.py
@@ -77,6 +77,7 @@ class ReolinkHost:
         self._update_cmd: defaultdict[str, defaultdict[int | None, int]] = defaultdict(
             lambda: defaultdict(int)
         )
+        self.firmware_ch_list: list[int | None] = []
 
         self.webhook_id: str | None = None
         self._onvif_push_supported: bool = True
diff --git a/homeassistant/components/reolink/update.py b/homeassistant/components/reolink/update.py
index 2adbd225cef..da3dafe0130 100644
--- a/homeassistant/components/reolink/update.py
+++ b/homeassistant/components/reolink/update.py
@@ -23,11 +23,24 @@ from homeassistant.helpers.event import async_call_later
 
 from . import ReolinkData
 from .const import DOMAIN
-from .entity import ReolinkHostCoordinatorEntity, ReolinkHostEntityDescription
+from .entity import (
+    ReolinkChannelCoordinatorEntity,
+    ReolinkChannelEntityDescription,
+    ReolinkHostCoordinatorEntity,
+    ReolinkHostEntityDescription,
+)
 
 POLL_AFTER_INSTALL = 120
 
 
+@dataclass(frozen=True, kw_only=True)
+class ReolinkUpdateEntityDescription(
+    UpdateEntityDescription,
+    ReolinkChannelEntityDescription,
+):
+    """A class that describes update entities."""
+
+
 @dataclass(frozen=True, kw_only=True)
 class ReolinkHostUpdateEntityDescription(
     UpdateEntityDescription,
@@ -36,6 +49,14 @@ class ReolinkHostUpdateEntityDescription(
     """A class that describes host update entities."""
 
 
+UPDATE_ENTITIES = (
+    ReolinkUpdateEntityDescription(
+        key="firmware",
+        supported=lambda api, ch: api.supported(ch, "firmware"),
+        device_class=UpdateDeviceClass.FIRMWARE,
+    ),
+)
+
 HOST_UPDATE_ENTITIES = (
     ReolinkHostUpdateEntityDescription(
         key="firmware",
@@ -53,14 +74,115 @@ async def async_setup_entry(
     """Set up update entities for Reolink component."""
     reolink_data: ReolinkData = hass.data[DOMAIN][config_entry.entry_id]
 
-    entities: list[ReolinkHostUpdateEntity] = [
-        ReolinkHostUpdateEntity(reolink_data, entity_description)
-        for entity_description in HOST_UPDATE_ENTITIES
-        if entity_description.supported(reolink_data.host.api)
+    entities: list[ReolinkUpdateEntity | ReolinkHostUpdateEntity] = [
+        ReolinkUpdateEntity(reolink_data, channel, entity_description)
+        for entity_description in UPDATE_ENTITIES
+        for channel in reolink_data.host.api.channels
+        if entity_description.supported(reolink_data.host.api, channel)
     ]
+    entities.extend(
+        [
+            ReolinkHostUpdateEntity(reolink_data, entity_description)
+            for entity_description in HOST_UPDATE_ENTITIES
+            if entity_description.supported(reolink_data.host.api)
+        ]
+    )
     async_add_entities(entities)
 
 
+class ReolinkUpdateEntity(
+    ReolinkChannelCoordinatorEntity,
+    UpdateEntity,
+):
+    """Base update entity class for Reolink IP cameras."""
+
+    entity_description: ReolinkUpdateEntityDescription
+    _attr_release_url = "https://reolink.com/download-center/"
+
+    def __init__(
+        self,
+        reolink_data: ReolinkData,
+        channel: int,
+        entity_description: ReolinkUpdateEntityDescription,
+    ) -> None:
+        """Initialize Reolink update entity."""
+        self.entity_description = entity_description
+        super().__init__(reolink_data, channel, reolink_data.firmware_coordinator)
+        self._cancel_update: CALLBACK_TYPE | None = None
+
+    @property
+    def installed_version(self) -> str | None:
+        """Version currently in use."""
+        return self._host.api.camera_sw_version(self._channel)
+
+    @property
+    def latest_version(self) -> str | None:
+        """Latest version available for install."""
+        new_firmware = self._host.api.firmware_update_available(self._channel)
+        if not new_firmware:
+            return self.installed_version
+
+        if isinstance(new_firmware, str):
+            return new_firmware
+
+        return new_firmware.version_string
+
+    @property
+    def supported_features(self) -> UpdateEntityFeature:
+        """Flag supported features."""
+        supported_features = UpdateEntityFeature.INSTALL
+        new_firmware = self._host.api.firmware_update_available(self._channel)
+        if isinstance(new_firmware, NewSoftwareVersion):
+            supported_features |= UpdateEntityFeature.RELEASE_NOTES
+        return supported_features
+
+    async def async_release_notes(self) -> str | None:
+        """Return the release notes."""
+        new_firmware = self._host.api.firmware_update_available(self._channel)
+        if not isinstance(new_firmware, NewSoftwareVersion):
+            return None
+
+        return (
+            "If the install button fails, download this"
+            f" [firmware zip file]({new_firmware.download_url})."
+            " Then, follow the installation guide (PDF in the zip file).\n\n"
+            f"## Release notes\n\n{new_firmware.release_notes}"
+        )
+
+    async def async_install(
+        self, version: str | None, backup: bool, **kwargs: Any
+    ) -> None:
+        """Install the latest firmware version."""
+        try:
+            await self._host.api.update_firmware(self._channel)
+        except ReolinkError as err:
+            raise HomeAssistantError(
+                f"Error trying to update Reolink firmware: {err}"
+            ) from err
+        finally:
+            self.async_write_ha_state()
+            self._cancel_update = async_call_later(
+                self.hass, POLL_AFTER_INSTALL, self._async_update_future
+            )
+
+    async def _async_update_future(self, now: datetime | None = None) -> None:
+        """Request update."""
+        await self.async_update()
+
+    async def async_added_to_hass(self) -> None:
+        """Entity created."""
+        await super().async_added_to_hass()
+        self._host.firmware_ch_list.append(self._channel)
+
+    async def async_will_remove_from_hass(self) -> None:
+        """Entity removed."""
+        await super().async_will_remove_from_hass()
+        if self._channel in self._host.firmware_ch_list:
+            self._host.firmware_ch_list.remove(self._channel)
+        if self._cancel_update is not None:
+            self._cancel_update()
+
+
 class ReolinkHostUpdateEntity(
     ReolinkHostCoordinatorEntity,
     UpdateEntity,
@@ -139,8 +261,15 @@ class ReolinkHostUpdateEntity(
         """Request update."""
         await self.async_update()
 
+    async def async_added_to_hass(self) -> None:
+        """Entity created."""
+        await super().async_added_to_hass()
+        self._host.firmware_ch_list.append(None)
+
     async def async_will_remove_from_hass(self) -> None:
         """Entity removed."""
         await super().async_will_remove_from_hass()
+        if None in self._host.firmware_ch_list:
+            self._host.firmware_ch_list.remove(None)
         if self._cancel_update is not None:
             self._cancel_update()