diff --git a/requirements/base.txt b/requirements/base.txt
index 8d33b8f..884e3f2 100644
--- a/requirements/base.txt
+++ b/requirements/base.txt
@@ -1,6 +1,6 @@
 #
-# This file is autogenerated by pip-compile with python 3.8
-# To update, run:
+# This file is autogenerated by pip-compile with Python 3.8
+# by the following command:
 #
 #    make upgrade
 #
@@ -8,13 +8,13 @@ appdirs==1.4.4
     # via fs
 fs==2.4.16
     # via xblock
-lxml==4.9.0
+lxml==4.9.2
     # via xblock
-markupsafe==2.1.1
+markupsafe==2.1.2
     # via xblock
 python-dateutil==2.8.2
     # via xblock
-pytz==2022.1
+pytz==2023.3
     # via xblock
 pyyaml==6.0
     # via xblock
@@ -26,7 +26,7 @@ web-fragments==2.0.0
     # via xblock
 webob==1.8.7
     # via xblock
-xblock==1.6.1
+xblock==1.6.2
     # via -r requirements/base.in
 
 # The following packages are considered to be unsafe in a requirements file:
diff --git a/requirements/common_constraints.txt b/requirements/common_constraints.txt
index cca3ccd..7e39123 100644
--- a/requirements/common_constraints.txt
+++ b/requirements/common_constraints.txt
@@ -19,7 +19,14 @@ Django<4.0
 # elastic search changelog: https://www.elastic.co/guide/en/enterprise-search/master/release-notes-7.14.0.html
 elasticsearch<7.14.0
 
-setuptools<60
-
 # django-simple-history>3.0.0 adds indexing and causes a lot of migrations to be affected
 django-simple-history==3.0.0
+
+# tox>4.0.0 isn't yet compatible with many tox plugins, causing CI failures in almost all repos.
+# Details can be found in this discussion: https://github.com/tox-dev/tox/discussions/1810
+tox<4.0.0
+
+# edx-sphinx-theme is not compatible with latest Sphinx==6.0.0 version 
+# Pinning Sphinx version unless the compatibility issue gets resolved
+# For details, see issue https://github.com/openedx/edx-sphinx-theme/issues/197
+sphinx<6.0.0
diff --git a/requirements/pip.txt b/requirements/pip.txt
index 8a667c4..e6827ba 100644
--- a/requirements/pip.txt
+++ b/requirements/pip.txt
@@ -1,16 +1,14 @@
 #
-# This file is autogenerated by pip-compile with python 3.8
-# To update, run:
+# This file is autogenerated by pip-compile with Python 3.8
+# by the following command:
 #
 #    make upgrade
 #
-wheel==0.37.1
+wheel==0.40.0
     # via -r requirements/pip.in
 
 # The following packages are considered to be unsafe in a requirements file:
-pip==22.1.2
+pip==23.1.2
+    # via -r requirements/pip.in
+setuptools==67.7.2
     # via -r requirements/pip.in
-setuptools==59.8.0
-    # via
-    #   -c requirements/common_constraints.txt
-    #   -r requirements/pip.in
diff --git a/requirements/pip_tools.txt b/requirements/pip_tools.txt
index 4a6f82d..b615006 100644
--- a/requirements/pip_tools.txt
+++ b/requirements/pip_tools.txt
@@ -1,18 +1,22 @@
 #
-# This file is autogenerated by pip-compile with python 3.8
-# To update, run:
+# This file is autogenerated by pip-compile with Python 3.8
+# by the following command:
 #
 #    make upgrade
 #
-click==8.1.3
+build==0.10.0
     # via pip-tools
-pep517==0.12.0
+click==8.1.3
     # via pip-tools
-pip-tools==6.6.2
+packaging==23.1
+    # via build
+pip-tools==6.13.0
     # via -r requirements/pip_tools.in
+pyproject-hooks==1.0.0
+    # via build
 tomli==2.0.1
-    # via pep517
-wheel==0.37.1
+    # via build
+wheel==0.40.0
     # via pip-tools
 
 # The following packages are considered to be unsafe in a requirements file: