diff --git a/setup.py b/setup.py
index af46138ea4..143ba69fa4 100644
--- a/setup.py
+++ b/setup.py
@@ -34,11 +34,10 @@
     },
     author="Redis Inc.",
     author_email="oss@redis.com",
-    python_requires=">=3.7",
+    python_requires=">=3.8",
     install_requires=[
-        'importlib-metadata >= 1.0; python_version < "3.8"',
         'typing-extensions; python_version<"3.8"',
-        'async-timeout>=4.0.2; python_full_version<="3.11.2"',
+        'async-timeout>=4.0.3',
     ],
     classifiers=[
         "Development Status :: 5 - Production/Stable",
@@ -49,7 +48,6 @@
         "Programming Language :: Python",
         "Programming Language :: Python :: 3",
         "Programming Language :: Python :: 3 :: Only",
-        "Programming Language :: Python :: 3.7",
         "Programming Language :: Python :: 3.8",
         "Programming Language :: Python :: 3.9",
         "Programming Language :: Python :: 3.10",