diff --git a/airflow-core/pyproject.toml b/airflow-core/pyproject.toml
index 8d5bd3006bb23..cfbb7ca5a3ac7 100644
--- a/airflow-core/pyproject.toml
+++ b/airflow-core/pyproject.toml
@@ -135,7 +135,7 @@ dependencies = [
     "rich>=13.6.0",
     "setproctitle>=1.3.3",
     # The issue tracking deprecations for sqlalchemy 2 is https://github.com/apache/airflow/issues/28723
-    "sqlalchemy[asyncio]>=1.4.49",
+    "sqlalchemy[asyncio]>=1.4.54",
     "sqlalchemy-jsonfield>=1.0",
     "sqlalchemy-utils>=0.41.2",
     "svcs>=25.1.0",
diff --git a/devel-common/pyproject.toml b/devel-common/pyproject.toml
index 308443f86ffd0..c786404a7beca 100644
--- a/devel-common/pyproject.toml
+++ b/devel-common/pyproject.toml
@@ -151,7 +151,7 @@ dependencies = [
     "beautifulsoup4>=4.7.1",
 ]
 "sqlalchemy" = [
-    "sqlalchemy[asyncio]>=1.4.49",
+    "sqlalchemy[asyncio]>=1.4.54",
     "sqlalchemy-jsonfield>=1.0",
     "sqlalchemy-utils>=0.41.2",
 ]