diff --git a/requirements/base.txt b/requirements/base.txt
index eafaeea..01e2ec5 100644
--- a/requirements/base.txt
+++ b/requirements/base.txt
@@ -10,7 +10,7 @@ fs==2.4.16
     # via xblock
 lxml==4.9.3
     # via xblock
-mako==1.2.4
+mako==1.3.0
     # via xblock
 markupsafe==2.1.3
     # via
diff --git a/requirements/ci.txt b/requirements/ci.txt
index c008aaf..45c3b76 100644
--- a/requirements/ci.txt
+++ b/requirements/ci.txt
@@ -8,7 +8,7 @@ flake8==6.1.0
     # via -r requirements/ci.in
 mccabe==0.7.0
     # via flake8
-pycodestyle==2.11.0
+pycodestyle==2.11.1
     # via flake8
 pyflakes==3.1.0
     # via flake8
diff --git a/requirements/common_constraints.txt b/requirements/common_constraints.txt
index afe6aa8..d6c9280 100644
--- a/requirements/common_constraints.txt
+++ b/requirements/common_constraints.txt
@@ -22,6 +22,7 @@ elasticsearch<7.14.0
 # 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
+# virtualenv latest version requires platformdirs<4.0 which conflicts with tox>4.0 version
+# This constraint can be removed once the issue 
+# https://github.com/pypa/virtualenv/issues/2666 gets resolved 
+platformdirs<4.0
diff --git a/requirements/pip.txt b/requirements/pip.txt
index 3e7d8f4..9014f2c 100644
--- a/requirements/pip.txt
+++ b/requirements/pip.txt
@@ -4,11 +4,11 @@
 #
 #    make upgrade
 #
-wheel==0.41.2
+wheel==0.41.3
     # via -r requirements/pip.in
 
 # The following packages are considered to be unsafe in a requirements file:
-pip==23.2.1
+pip==23.3.1
     # via -r requirements/pip.in
 setuptools==68.2.2
     # via -r requirements/pip.in
diff --git a/requirements/pip_tools.txt b/requirements/pip_tools.txt
index fed3370..449e80a 100644
--- a/requirements/pip_tools.txt
+++ b/requirements/pip_tools.txt
@@ -21,7 +21,7 @@ tomli==2.0.1
     #   build
     #   pip-tools
     #   pyproject-hooks
-wheel==0.41.2
+wheel==0.41.3
     # via pip-tools
 zipp==3.17.0
     # via importlib-metadata
diff --git a/requirements/test.txt b/requirements/test.txt
index fd36b12..6045950 100644
--- a/requirements/test.txt
+++ b/requirements/test.txt
@@ -5,7 +5,9 @@
 #    make upgrade
 #
 coverage[toml]==7.3.2
-    # via pytest-cov
+    # via
+    #   coverage
+    #   pytest-cov
 exceptiongroup==1.1.3
     # via pytest
 iniconfig==2.0.0
@@ -14,7 +16,7 @@ packaging==23.2
     # via pytest
 pluggy==1.3.0
     # via pytest
-pytest==7.4.2
+pytest==7.4.3
     # via pytest-cov
 pytest-cov==4.1.0
     # via -r requirements/test.in