diff --git a/package.json b/package.json
index d3cfd25b..8777c827 100644
--- a/package.json
+++ b/package.json
@@ -47,7 +47,7 @@
 		"typescript": "4.9.5"
 	},
 	"dependencies": {
-		"@openzeppelin/contracts-upgradeable": "^4.3.2",
+		"@openzeppelin/contracts-upgradeable": "^5.0.0",
 		"@typechain/ethers-v5": "^11.0.0",
 		"@typechain/hardhat": "^2.3.0",
 		"solhint": "^3.3.2",
diff --git a/yarn.lock b/yarn.lock
index 48a304b0..92ee3dd6 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1369,10 +1369,10 @@
   resolved "https://registry.yarnpkg.com/@nomiclabs/hardhat-waffle/-/hardhat-waffle-2.0.6.tgz#d11cb063a5f61a77806053e54009c40ddee49a54"
   integrity sha512-+Wz0hwmJGSI17B+BhU/qFRZ1l6/xMW82QGXE/Gi+WTmwgJrQefuBs1lIf7hzQ1hLk6hpkvb/zwcNkpVKRYTQYg==
 
-"@openzeppelin/contracts-upgradeable@^4.3.2":
-  version "4.9.6"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.9.6.tgz#38b21708a719da647de4bb0e4802ee235a0d24df"
-  integrity sha512-m4iHazOsOCv1DgM7eD7GupTJ+NFVujRZt1wzddDPSVGpWdKq1SKkla5htKG7+IS4d2XOCtzkUNwRZ7Vq5aEUMA==
+"@openzeppelin/contracts-upgradeable@^5.0.0":
+  version "5.4.0"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-5.4.0.tgz#a325066da702d0a8be091eb17136d3e9c92cc76a"
+  integrity sha512-STJKyDzUcYuB35Zub1JpWW58JxvrFFVgQ+Ykdr8A9PGXgtq/obF5uoh07k2XmFyPxfnZdPdBdhkJ/n2YxJ87HQ==
 
 "@openzeppelin/contracts@4.8.1":
   version "4.8.1"