TimeServoPTP extends the remarkable features of the TimeServo timer by complying fully with the IEEE 1588v2 PTP standards. This implementation as an ordinary clock slave for FPGA improves operational precision with synchronization mechanisms that communicate effectively with external network time sources. Supporting both one-step and two-step synchronization, TimeServoPTP facilitates accurate delay requests and enables robust timekeeping in networked environments. This IP is especially vital for applications demanding precise time distribution and synchronization, making it indispensable for systems where timing integrity is critical.