diff --git a/pyproject.toml b/pyproject.toml
index 23fa79bf31..38e3ba222d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -31,8 +31,8 @@ classifiers = [
 
 [tool.poetry.dependencies]
 python = "^3.7"
-SQLAlchemy = ">=1.4.36,<2.0.0"
-pydantic = "^1.9.0"
+SQLAlchemy = ">=2.0.0,<2.1.0"
+pydantic = ">=2.1.1,<=2.4.2"
 sqlalchemy2-stubs = {version = "*", allow-prereleases = true}
 
 [tool.poetry.group.dev.dependencies]