diff --git a/setup.py b/setup.py
index 6b146c6..6df25f1 100644
--- a/setup.py
+++ b/setup.py
@@ -73,7 +73,7 @@
             "colorama==0.4.5 ; python_version<'3.8'",
             "colorama==0.4.6 ; python_version>='3.8'",
             "freezegun==1.1.0 ; python_version<'3.8'",
-            "freezegun==1.2.2 ; python_version>='3.8'",
+            "freezegun==1.5.1 ; python_version>='3.8'",
             "exceptiongroup==1.1.3 ; python_version>='3.7' and python_version<'3.11'",
             # Type checking.
             "mypy==v0.910 ; python_version<'3.6'",