diff --git a/composer.json b/composer.json
index 5a0d01102..c14bb6cc6 100644
--- a/composer.json
+++ b/composer.json
@@ -24,10 +24,10 @@
     "require": {
         "php": ">=7.2",
         "ext-pdo": "*",
-        "ext-phalcon": "^4.0.0",
+        "ext-phalcon": "^5.0.0",
         "psy/psysh": "~0.9",
         "nikic/php-parser": "^4.2.4",
-        "phalcon/migrations": "^2.0",
+        "phalcon/migrations": "^3.0",
         "vlucas/phpdotenv": "^3.6|^4.0|^5.0"
     },
     "require-dev": {