diff --git a/pyproject.toml b/pyproject.toml
index 7779d122..2e2b8e6d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -59,7 +59,7 @@ dependencies = [
   "sentry-sdk==2.23.1",
   "setproctitle==1.3.5",
   "setuptools>=70.3",
-  "sqlalchemy[mypy]==1.4.52",
+  "sqlalchemy[mypy]==2.0.40",
   "sqlalchemy-utils==0.41.2",
   "substrate-interface==1.7.11",
   "types-aiofiles==24.1.0.20241221",