diff --git a/requirements/base.txt b/requirements/base.txt
index 6ad8fb48..ec0fdd62 100644
--- a/requirements/base.txt
+++ b/requirements/base.txt
@@ -12,13 +12,13 @@ asgiref==3.7.2
     # via django
 binaryornot==0.4.4
     # via cookiecutter
-boto3==1.28.84
+boto3==1.29.3
     # via fs-s3fs
-botocore==1.31.84
+botocore==1.32.3
     # via
     #   boto3
     #   s3transfer
-certifi==2023.7.22
+certifi==2023.11.17
     # via requests
 chardet==5.2.0
     # via binaryornot
@@ -69,7 +69,7 @@ mdurl==0.1.2
     # via markdown-it-py
 openedx-django-pyfs==3.4.0
     # via xblock
-pygments==2.16.1
+pygments==2.17.0
     # via rich
 pypng==0.20220715.0
     # via -r requirements/base.in
@@ -92,7 +92,7 @@ requests==2.31.0
     # via
     #   -r requirements/base.in
     #   cookiecutter
-rich==13.6.0
+rich==13.7.0
     # via cookiecutter
 s3transfer==0.7.0
     # via boto3
diff --git a/requirements/ci.txt b/requirements/ci.txt
index 271842ce..56d06344 100644
--- a/requirements/ci.txt
+++ b/requirements/ci.txt
@@ -22,6 +22,7 @@ packaging==23.2
     #   tox
 platformdirs==3.11.0
     # via
+    #   -c requirements/common_constraints.txt
     #   tox
     #   virtualenv
 pluggy==1.3.0
diff --git a/requirements/common_constraints.txt b/requirements/common_constraints.txt
index 15aafb29..d6c92800 100644
--- a/requirements/common_constraints.txt
+++ b/requirements/common_constraints.txt
@@ -21,3 +21,8 @@ elasticsearch<7.14.0
 
 # django-simple-history>3.0.0 adds indexing and causes a lot of migrations to be affected
 django-simple-history==3.0.0
+
+# virtualenv latest version requires platformdirs<4.0 which conflicts with tox>4.0 version
+# This constraint can be removed once the issue 
+# https://github.com/pypa/virtualenv/issues/2666 gets resolved 
+platformdirs<4.0
diff --git a/requirements/dev.txt b/requirements/dev.txt
index d8bb1aff..1d88bba1 100644
--- a/requirements/dev.txt
+++ b/requirements/dev.txt
@@ -32,12 +32,12 @@ binaryornot==0.4.4
     #   -r requirements/base.txt
     #   -r requirements/test.txt
     #   cookiecutter
-boto3==1.28.84
+boto3==1.29.3
     # via
     #   -r requirements/base.txt
     #   -r requirements/test.txt
     #   fs-s3fs
-botocore==1.31.84
+botocore==1.32.3
     # via
     #   -r requirements/base.txt
     #   -r requirements/test.txt
@@ -47,7 +47,7 @@ cachetools==5.3.2
     # via
     #   -r requirements/test.txt
     #   tox
-certifi==2023.7.22
+certifi==2023.11.17
     # via
     #   -r requirements/base.txt
     #   -r requirements/test.txt
@@ -208,6 +208,7 @@ pbr==6.0.0
     # via stevedore
 platformdirs==3.11.0
     # via
+    #   -c requirements/common_constraints.txt
     #   -r requirements/test.txt
     #   pylint
     #   tox
@@ -221,7 +222,7 @@ pycodestyle==2.11.1
     # via -r requirements/quality.in
 pydocstyle==6.3.0
     # via -r requirements/quality.in
-pygments==2.16.1
+pygments==2.17.0
     # via
     #   -r requirements/base.txt
     #   -r requirements/test.txt
@@ -297,7 +298,7 @@ requests==2.31.0
     #   -r requirements/base.txt
     #   -r requirements/test.txt
     #   cookiecutter
-rich==13.6.0
+rich==13.7.0
     # via
     #   -r requirements/base.txt
     #   -r requirements/test.txt
@@ -342,7 +343,7 @@ tomli==2.0.1
     #   pyproject-api
     #   pytest
     #   tox
-tomlkit==0.12.2
+tomlkit==0.12.3
     # via pylint
 tox==4.11.3
     # via
diff --git a/requirements/quality.txt b/requirements/quality.txt
index fa411d38..47182cad 100644
--- a/requirements/quality.txt
+++ b/requirements/quality.txt
@@ -26,11 +26,11 @@ binaryornot==0.4.4
     # via
     #   -r requirements/test.txt
     #   cookiecutter
-boto3==1.28.84
+boto3==1.29.3
     # via
     #   -r requirements/test.txt
     #   fs-s3fs
-botocore==1.31.84
+botocore==1.32.3
     # via
     #   -r requirements/test.txt
     #   boto3
@@ -39,7 +39,7 @@ cachetools==5.3.2
     # via
     #   -r requirements/test.txt
     #   tox
-certifi==2023.7.22
+certifi==2023.11.17
     # via
     #   -r requirements/test.txt
     #   requests
@@ -177,6 +177,7 @@ pbr==6.0.0
     # via stevedore
 platformdirs==3.11.0
     # via
+    #   -c requirements/common_constraints.txt
     #   -r requirements/test.txt
     #   pylint
     #   tox
@@ -190,7 +191,7 @@ pycodestyle==2.11.1
     # via -r requirements/quality.in
 pydocstyle==6.3.0
     # via -r requirements/quality.in
-pygments==2.16.1
+pygments==2.17.0
     # via
     #   -r requirements/test.txt
     #   rich
@@ -252,7 +253,7 @@ requests==2.31.0
     # via
     #   -r requirements/test.txt
     #   cookiecutter
-rich==13.6.0
+rich==13.7.0
     # via
     #   -r requirements/test.txt
     #   cookiecutter
@@ -291,7 +292,7 @@ tomli==2.0.1
     #   pyproject-api
     #   pytest
     #   tox
-tomlkit==0.12.2
+tomlkit==0.12.3
     # via pylint
 tox==4.11.3
     # via -r requirements/test.txt
diff --git a/requirements/test.txt b/requirements/test.txt
index c520a221..c5734a56 100644
--- a/requirements/test.txt
+++ b/requirements/test.txt
@@ -22,18 +22,18 @@ binaryornot==0.4.4
     # via
     #   -r requirements/base.txt
     #   cookiecutter
-boto3==1.28.84
+boto3==1.29.3
     # via
     #   -r requirements/base.txt
     #   fs-s3fs
-botocore==1.31.84
+botocore==1.32.3
     # via
     #   -r requirements/base.txt
     #   boto3
     #   s3transfer
 cachetools==5.3.2
     # via tox
-certifi==2023.7.22
+certifi==2023.11.17
     # via
     #   -r requirements/base.txt
     #   requests
@@ -139,13 +139,14 @@ packaging==23.2
     #   tox
 platformdirs==3.11.0
     # via
+    #   -c requirements/common_constraints.txt
     #   tox
     #   virtualenv
 pluggy==1.3.0
     # via
     #   pytest
     #   tox
-pygments==2.16.1
+pygments==2.17.0
     # via
     #   -r requirements/base.txt
     #   rich
@@ -188,7 +189,7 @@ requests==2.31.0
     # via
     #   -r requirements/base.txt
     #   cookiecutter
-rich==13.6.0
+rich==13.7.0
     # via
     #   -r requirements/base.txt
     #   cookiecutter