diff --git a/setup.py b/setup.py
index 49e02a7..2886f03 100644
--- a/setup.py
+++ b/setup.py
@@ -73,7 +73,7 @@
         'djangorestframework==3.9.1',
         'django-environ==0.4.5',
         'djangorestframework-simplejwt==4.3.0',
-        'PyJWT==1.7.1',
+        'PyJWT==2.4.0',
         'docutils==0.14',
         'drf-extensions==0.3.1',
         'execnet==1.5.0',