diff --git a/src/setup.py b/src/setup.py
index e4214688d8..f14acae2ce 100644
--- a/src/setup.py
+++ b/src/setup.py
@@ -199,7 +199,7 @@ setup(
         'markdown==3.3.4',  # 3.3.5 requires importlib-metadata>=4.4, but django-bootstrap3 requires importlib-metadata<3.
         # We can upgrade markdown again once django-bootstrap3 upgrades or once we drop Python 3.6 and 3.7
         'mt-940==4.23.*',
-        'oauthlib==3.1.*',
+        'oauthlib==3.2.*',
         'openpyxl==3.0.*',
         'packaging',
         'paypalrestsdk==1.13.*',