diff --git a/setup.py b/setup.py
index 6736085943..28b6941ebe 100644
--- a/setup.py
+++ b/setup.py
@@ -51,7 +51,7 @@
         "datasets>=1.2.1",
         "evaluate",
         "protobuf>=3.20.1",
-        "transformers>=4.36,<4.47.0",
+        "transformers>=4.36,<4.48.0",
     ],
     "onnxruntime-gpu": [
         "onnx",
@@ -60,19 +60,19 @@
         "evaluate",
         "protobuf>=3.20.1",
         "accelerate",  # ORTTrainer requires it.
-        "transformers>=4.36,<4.47.0",
+        "transformers>=4.36,<4.48.0",
     ],
     "exporters": [
         "onnx",
         "onnxruntime",
         "timm",
-        "transformers>=4.36,<4.47.0",
+        "transformers>=4.36,<4.48.0",
     ],
     "exporters-gpu": [
         "onnx",
         "onnxruntime-gpu",
         "timm",
-        "transformers>=4.36,<4.47.0",
+        "transformers>=4.36,<4.48.0",
     ],
     "exporters-tf": [
         "tensorflow>=2.4,<=2.12.1",