diff --git a/requirements/ci.txt b/requirements/ci.txt
index 745b542..01ac7b0 100644
--- a/requirements/ci.txt
+++ b/requirements/ci.txt
@@ -4,12 +4,18 @@
 #
 #    make upgrade
 #
+cachetools==5.3.2
+    # via tox
 certifi==2023.7.22
     # via requests
+chardet==5.2.0
+    # via tox
 charset-normalizer==3.3.2
     # via requests
 codecov==2.1.13
     # via -r requirements/ci.in
+colorama==0.4.6
+    # via tox
 coverage==7.3.2
     # via codecov
 distlib==0.3.7
@@ -21,24 +27,27 @@ filelock==3.13.1
 idna==3.4
     # via requests
 packaging==23.2
-    # via tox
+    # via
+    #   pyproject-api
+    #   tox
 platformdirs==3.11.0
-    # via virtualenv
+    # via
+    #   -c requirements/common_constraints.txt
+    #   tox
+    #   virtualenv
 pluggy==1.3.0
     # via tox
-py==1.11.0
+pyproject-api==1.6.1
     # via tox
 requests==2.31.0
     # via codecov
-six==1.16.0
-    # via tox
 tomli==2.0.1
-    # via tox
-tox==3.28.0
     # via
-    #   -c requirements/common_constraints.txt
-    #   -r requirements/ci.in
-urllib3==2.0.7
+    #   pyproject-api
+    #   tox
+tox==4.11.3
+    # via -r requirements/ci.in
+urllib3==2.1.0
     # via requests
 virtualenv==20.24.6
     # via tox
diff --git a/requirements/common_constraints.txt b/requirements/common_constraints.txt
index afe6aa8..d6c9280 100644
--- a/requirements/common_constraints.txt
+++ b/requirements/common_constraints.txt
@@ -22,6 +22,7 @@ elasticsearch<7.14.0
 # django-simple-history>3.0.0 adds indexing and causes a lot of migrations to be affected
 django-simple-history==3.0.0
 
-# tox>4.0.0 isn't yet compatible with many tox plugins, causing CI failures in almost all repos.
-# Details can be found in this discussion: https://github.com/tox-dev/tox/discussions/1810
-tox<4.0.0
+# virtualenv latest version requires platformdirs<4.0 which conflicts with tox>4.0 version
+# This constraint can be removed once the issue 
+# https://github.com/pypa/virtualenv/issues/2666 gets resolved 
+platformdirs<4.0
diff --git a/requirements/dev.txt b/requirements/dev.txt
index 4f0b482..49c853c 100644
--- a/requirements/dev.txt
+++ b/requirements/dev.txt
@@ -12,12 +12,16 @@ astroid==3.0.1
     #   pylint-celery
 build==1.0.3
     # via -r requirements/quality.in
+cachetools==5.3.2
+    # via tox
 certifi==2023.7.22
     # via requests
 cffi==1.16.0
     # via cryptography
 chardet==5.2.0
-    # via diff-cover
+    # via
+    #   diff-cover
+    #   tox
 charset-normalizer==3.3.2
     # via requests
 click==8.1.7
@@ -29,9 +33,11 @@ click-log==0.4.0
     # via edx-lint
 code-annotations==1.5.0
     # via edx-lint
+colorama==0.4.6
+    # via tox
 cryptography==41.0.5
     # via secretstorage
-diff-cover==8.0.0
+diff-cover==8.0.1
     # via -r requirements/dev.in
 dill==0.3.7
     # via pylint
@@ -77,7 +83,7 @@ jinja2==3.1.2
     # via
     #   code-annotations
     #   diff-cover
-keyring==24.2.0
+keyring==24.3.0
     # via twine
 lxml==4.9.3
     # via edx-i18n-tools
@@ -96,6 +102,7 @@ nh3==0.2.14
 packaging==23.2
     # via
     #   build
+    #   pyproject-api
     #   tox
 path==16.7.1
     # via edx-i18n-tools
@@ -105,7 +112,9 @@ pkginfo==1.9.6
     # via twine
 platformdirs==3.11.0
     # via
+    #   -c requirements/common_constraints.txt
     #   pylint
+    #   tox
     #   virtualenv
 pluggy==1.3.0
     # via
@@ -113,8 +122,6 @@ pluggy==1.3.0
     #   tox
 polib==1.2.0
     # via edx-i18n-tools
-py==1.11.0
-    # via tox
 pycodestyle==2.11.1
     # via -r requirements/quality.in
 pycparser==2.21
@@ -140,6 +147,8 @@ pylint-plugin-utils==0.8.2
     # via
     #   pylint-celery
     #   pylint-django
+pyproject-api==1.6.1
+    # via tox
 pyproject-hooks==1.0.0
     # via build
 python-slugify==8.0.1
@@ -165,9 +174,7 @@ rich==13.6.0
 secretstorage==3.3.3
     # via keyring
 six==1.16.0
-    # via
-    #   edx-lint
-    #   tox
+    # via edx-lint
 sqlparse==0.4.4
     # via django
 stevedore==5.1.0
@@ -178,14 +185,13 @@ tomli==2.0.1
     # via
     #   build
     #   pylint
+    #   pyproject-api
     #   pyproject-hooks
     #   tox
-tomlkit==0.12.2
+tomlkit==0.12.3
     # via pylint
-tox==3.28.0
-    # via
-    #   -c requirements/common_constraints.txt
-    #   -r requirements/dev.in
+tox==4.11.3
+    # via -r requirements/dev.in
 twine==4.0.2
     # via
     #   -r requirements/dev.in
@@ -196,7 +202,7 @@ typing-extensions==4.8.0
     #   astroid
     #   pylint
     #   rich
-urllib3==2.0.7
+urllib3==2.1.0
     # via
     #   requests
     #   twine
diff --git a/requirements/quality.txt b/requirements/quality.txt
index 30b35b1..776f838 100644
--- a/requirements/quality.txt
+++ b/requirements/quality.txt
@@ -54,7 +54,7 @@ jeepney==0.8.0
     #   secretstorage
 jinja2==3.1.2
     # via code-annotations
-keyring==24.2.0
+keyring==24.3.0
     # via twine
 markdown-it-py==3.0.0
     # via rich
@@ -75,7 +75,9 @@ pbr==6.0.0
 pkginfo==1.9.6
     # via twine
 platformdirs==3.11.0
-    # via pylint
+    # via
+    #   -c requirements/common_constraints.txt
+    #   pylint
 pycodestyle==2.11.1
     # via -r requirements/quality.in
 pycparser==2.21
@@ -131,7 +133,7 @@ tomli==2.0.1
     #   build
     #   pylint
     #   pyproject-hooks
-tomlkit==0.12.2
+tomlkit==0.12.3
     # via pylint
 twine==4.0.2
     # via -r requirements/quality.in
@@ -140,7 +142,7 @@ typing-extensions==4.8.0
     #   astroid
     #   pylint
     #   rich
-urllib3==2.0.7
+urllib3==2.1.0
     # via
     #   requests
     #   twine
diff --git a/requirements/test.txt b/requirements/test.txt
index 502d6e6..a2e6076 100644
--- a/requirements/test.txt
+++ b/requirements/test.txt
@@ -32,7 +32,7 @@ pytest-catchlog==1.2.2
     # via -r requirements/test.in
 pytest-cov==4.1.0
     # via -r requirements/test.in
-pytest-django==4.6.0
+pytest-django==4.7.0
     # via -r requirements/test.in
 pytz==2023.3.post1
     # via django