diff --git a/plugins/flytekit-papermill/requirements.txt b/plugins/flytekit-papermill/requirements.txt
index 2f92a194d5..0fbc298786 100644
--- a/plugins/flytekit-papermill/requirements.txt
+++ b/plugins/flytekit-papermill/requirements.txt
@@ -79,7 +79,7 @@ importlib-metadata==4.8.2
     # via keyring
 ipykernel==6.6.0
     # via flytekitplugins-papermill
-ipython==7.30.1
+ipython==7.31.1
     # via ipykernel
 ipython-genutils==0.2.0
     # via nbformat