diff --git a/setup.py b/setup.py
index 0dbebab108..87a3f9a852 100644
--- a/setup.py
+++ b/setup.py
@@ -76,7 +76,7 @@ def package_files(prefix: str, directory: str, extension: str):
 install_requires = [
     'pyyaml>=6.0,<7',
     'tqdm>=4.62.3,<5',
-    'torchmetrics>=0.10.0,<1.1',
+    'torchmetrics>=0.10.0,<1.3.1',
     'torch_optimizer>=0.3.0,<0.4',
     'torchvision>=0.13.1,<0.20',  # TODO: Tighten before release
     'torch>=1.13.1,<2.3.1',  # TODO: Tighten before release