diff --git a/requirements.txt b/requirements.txt
index debc39ea17..0b77a549dc 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,7 +1,7 @@
 numpy == 1.21.5
 scipy == 1.7.3
 pandas == 1.3.5
-matplotlib == 3.5.1
+matplotlib == 3.7.1
 cvxpy == 1.1.17
 pytest == 6.2.5 # For unit test
 pytest-xdist == 2.5.0 # For unit test