diff --git a/requirements/requirements-dev.txt b/requirements/requirements-dev.txt
index f60d75b9c..188d4222a 100644
--- a/requirements/requirements-dev.txt
+++ b/requirements/requirements-dev.txt
@@ -37,7 +37,7 @@ blinker==1.7.0
     # via flask
 brotli==1.1.0
     # via geventhttpclient
-cachetools==5.3.1
+cachetools==5.3.2
     # via -r requirements.txt
 certifi==2023.11.17
     # via
diff --git a/requirements/requirements.in b/requirements/requirements.in
index 259513461..19979cc93 100644
--- a/requirements/requirements.in
+++ b/requirements/requirements.in
@@ -17,7 +17,7 @@ ujson<6
 watchfiles<1
 xxhash~=3.3
 rich~=13.7.0
-cachetools==5.3.1
+cachetools==5.3.2
 zstandard
 
 # Patched dependencies
diff --git a/requirements/requirements.txt b/requirements/requirements.txt
index 1a1813e14..fb62d0160 100644
--- a/requirements/requirements.txt
+++ b/requirements/requirements.txt
@@ -25,7 +25,7 @@ attrs==23.1.0
     #   referencing
 avro @ https://github.com/aiven/avro/archive/5a82d57f2a650fd87c819a30e433f1abb2c76ca2.tar.gz#subdirectory=lang/py
     # via -r requirements.in
-cachetools==5.3.1
+cachetools==5.3.2
     # via -r requirements.in
 confluent-kafka==2.3.0
     # via -r requirements.in