As of today, you can find the following announcement on the Sleuth's Spring page:
Spring Cloud Sleuth’s last minor version is 3.1. You can check the 3.1.x branch for the latest commits. The core of this project got moved to Micrometer Tracing project and the instrumentations will be moved to Micrometer and all respective projects (no longer all instrumentations will be done in a single repository).
Additionally, sleuth is not playing nicely when trying to integrate tracing with other java-but-not-spring-exclusive libraries. To afford any such implementation you would need to configure Sleuth to use the open-telemetry tracer.
Thus, my advice would be to go for open-telemetry, unless you have an exclusive reason not to do that.
As for my current approach, I was introducing otel into an established project that is due for a Spring Boot 3 migration next year. I thus opted to use non-sleuth Spring otel libraries to avoid coupling with Sleuth in this short period.
I am not sure if that's a good approach, but with a lack of proper Spring 2 -> 3 migration, this way will not be a blocker until you can migrate other deps over