diff --git a/requirements-dev-lock.txt b/requirements-dev-lock.txt
index 4957b0d7569f..4a14d86e8dbb 100644
--- a/requirements-dev-lock.txt
+++ b/requirements-dev-lock.txt
@@ -7,9 +7,9 @@
 atomicwrites==1.4.1 \
     --hash=sha256:81b2c9071a49367a7f770170e5eec8cb66567cfbbc8c73d20ce5ca4a8d71cf11
     # via -r requirements-dev.txt
-colorama==0.4.4 \
-    --hash=sha256:5941b2b48a20143d2267e95b1c2a7603ce057ee39fd88e7329b0c292aa16869b \
-    --hash=sha256:9f47eda37229f68eee03b24b9748937c7dc3868f906e8ba69fbcbdd3bc5dc3e2
+colorama==0.4.6 \
+    --hash=sha256:08695f5cb7ed6e0531a20572697297273c47b8cae5a63ffc6d6ed5c201be6e44 \
+    --hash=sha256:4f1d9991f5acc0ca119f9d443620b77f9d6b33703e51011c16baf57afb285fc6
     # via -r requirements-dev.txt
 coverage[toml]==7.2.7 \
     --hash=sha256:06a9a2be0b5b576c3f18f1a241f0473575c4a26021b52b2a85263a00f034d51f \
diff --git a/setup.py b/setup.py
index 5edc8ffd94e7..f80f378129d3 100644
--- a/setup.py
+++ b/setup.py
@@ -28,7 +28,7 @@ def find_version(*file_paths):
     'docutils>=0.10,<0.17',
     's3transfer>=0.10.0,<0.11.0',
     'PyYAML>=3.10,<6.1',
-    'colorama>=0.2.5,<0.4.5',
+    'colorama>=0.2.5,<0.4.7',
     'rsa>=3.1.2,<4.8',
 ]