diff --git a/tests/functional/dependencies/test_dependency_options.py b/tests/functional/dependencies/test_dependency_options.py
index 067fd7bf1e5..bf176831aaa 100644
--- a/tests/functional/dependencies/test_dependency_options.py
+++ b/tests/functional/dependencies/test_dependency_options.py
@@ -39,7 +39,7 @@ def test_deps_lock(self, clean_start):
   - package: fivetran/fivetran_utils
     version: 0.4.7
   - package: dbt-labs/dbt_utils
-    version: 1.1.1
+    version: 1.2.0
 sha1_hash: 71304bca2138cf8004070b3573a1e17183c0c1a8
 """
         )
@@ -56,7 +56,7 @@ def test_deps_default(self, clean_start):
   - package: fivetran/fivetran_utils
     version: 0.4.7
   - package: dbt-labs/dbt_utils
-    version: 1.1.1
+    version: 1.2.0
 sha1_hash: 71304bca2138cf8004070b3573a1e17183c0c1a8
 """
         )