diff --git a/packages/contracts-core/package.json b/packages/contracts-core/package.json
index 03c53bcb0b..3db2cb517a 100644
--- a/packages/contracts-core/package.json
+++ b/packages/contracts-core/package.json
@@ -41,8 +41,8 @@
   },
   "dependencies": {
     "@nodelib/fs.walk": "1.2.8",
-    "@openzeppelin/contracts": "4.7.3",
-    "@openzeppelin/contracts-upgradeable": "4.6.0",
+    "@openzeppelin/contracts": "4.9.3",
+    "@openzeppelin/contracts-upgradeable": "4.9.3",
     "dotenv": "16.0.1",
     "eslint-config-prettier": "8.5.0",
     "eslint-plugin-prettier": "3.4.1",
diff --git a/yarn.lock b/yarn.lock
index 6d4fd5ea2c..29a7777149 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -5463,15 +5463,15 @@
   dependencies:
     "@octokit/openapi-types" "^12.11.0"
 
-"@openzeppelin/contracts-upgradeable@4.6.0":
-  version "4.6.0"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-4.6.0.tgz#1bf55f230f008554d4c6fe25eb165b85112108b0"
-  integrity sha512-5OnVuO4HlkjSCJO165a4i2Pu1zQGzMs//o54LPrwUgxvEO2P3ax1QuaSI0cEHHTveA77guS0PnNugpR2JMsPfA==
-
-"@openzeppelin/contracts@4.7.3":
-  version "4.7.3"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.7.3.tgz#939534757a81f8d69cc854c7692805684ff3111e"
-  integrity sha512-dGRS0agJzu8ybo44pCIf3xBaPQN/65AIXNgK8+4gzKd5kbvlqyxryUYVLJv7fK98Seyd2hDZzVEHSWAh0Bt1Yw==
+"@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/contracts@4.9.3":
+  version "4.9.3"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.9.3.tgz#00d7a8cf35a475b160b3f0293a6403c511099364"
+  integrity sha512-He3LieZ1pP2TNt5JbkPA4PNT9WC3gOTOlDcFGJW4Le4QKqwmiNJCRt44APfxMxvq7OugU/cqYuPcSBzOw38DAg==
 
 "@peculiar/asn1-schema@^2.3.6":
   version "2.3.6"