diff --git a/src/bindings/python/constraints.txt b/src/bindings/python/constraints.txt
index 94054315f9c0c6..507b4c4c97c4fc 100644
--- a/src/bindings/python/constraints.txt
+++ b/src/bindings/python/constraints.txt
@@ -5,7 +5,7 @@ numpy>=1.16.6,<1.27  # Python bindings, frontends
 pytest>=5.0,<8.1
 pytest-dependency==0.6.0
 pytest-html==4.1.1
-pytest-timeout==2.2.0
+pytest-timeout==2.3.1
 
 # Python bindings
 py>=1.9.0