diff --git a/package.json b/package.json
index 32d611c0..5f46772a 100644
--- a/package.json
+++ b/package.json
@@ -30,7 +30,7 @@
     "lint"
   ],
   "dependencies": {
-    "@openzeppelin/contracts-upgradeable": "^4.7.3"
+    "@openzeppelin/contracts-upgradeable": "^4.9.3"
   },
   "devDependencies": {
     "@ethersproject/abi": "^5.6.4",
diff --git a/yarn.lock b/yarn.lock
index 20163678..0c7d3d9c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -798,10 +798,10 @@
     "@types/sinon-chai" "^3.2.3"
     "@types/web3" "1.0.19"
 
-"@openzeppelin/contracts-upgradeable@^4.7.3":
-  version "4.7.3"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.7.3.tgz#f1d606e2827d409053f3e908ba4eb8adb1dd6995"
-  integrity sha512-+wuegAMaLcZnLCJIvrVUDzA9z/Wp93f0Dla/4jJvIhijRrPabjQbZe6fWiECLaJyfn5ci9fqf9vTw3xpQOad2A==
+"@openzeppelin/contracts-upgradeable@^4.9.3":
+  version "4.9.3"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.9.3.tgz#ff17a80fb945f5102571f8efecb5ce5915cc4811"
+  integrity sha512-jjaHAVRMrE4UuZNfDwjlLGDxTHWIOwTJS2ldnc278a0gevfXfPr8hxKEVBGFBE96kl2G3VHDZhUimw/+G3TG2A==
 
 "@openzeppelin/hardhat-upgrades@^1.19.0":
   version "1.21.0"