diff --git a/requirements.txt b/requirements.txt
index 51208661b1..ba69788f90 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -15,7 +15,7 @@ djangorestframework-queryfields>=1.0,<=1.0.0
 drf-access-policy>=1.1.2,<1.5.1
 drf-nested-routers>=0.93.4,<=0.93.4
 drf-spectacular==0.26.4  # We monkeypatch this so we need a very narrow requirement string
-dynaconf>=3.1.12,<3.2.3
+dynaconf>=3.1.12,<3.2.4
 gunicorn>=20.1,<=21.2.0
 importlib-metadata>=6.0.1,<=6.0.1  # Pinned to fix opentelemetry dependency solving issues with pip
 jinja2>=3.1,<=3.1.2