diff --git a/tests/functional/dependencies/test_dependency_options.py b/tests/functional/dependencies/test_dependency_options.py
index 5ddc243bf37..a421baf8590 100644
--- a/tests/functional/dependencies/test_dependency_options.py
+++ b/tests/functional/dependencies/test_dependency_options.py
@@ -38,7 +38,7 @@ 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
 """
         )
@@ -55,7 +55,7 @@ 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
 """
         )