diff --git a/setup.cfg b/setup.cfg
index e8201fc1b..a34e4aaa5 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -39,7 +39,7 @@ install_requires =
     aiohttp-jinja2==1.5
     aiohttp==3.8.4
     aioipfs@git+https://github.com/aleph-im/aioipfs.git@d671c79b2871bb4d6c8877ba1e7f3ffbe7d20b71
-    alembic==1.8.1
+    alembic==1.12.1
     aleph-message==0.4.0
     aleph-p2p-client@git+https://github.com/aleph-im/p2p-service-client-python@2c04af39c566217f629fd89505ffc3270fba8676
     aleph-pytezos@git+https://github.com/aleph-im/aleph-pytezos.git@32dd1749a4773da494275709060632cbeba9a51b