diff --git a/odoo/__init__.py b/odoo/__init__.py
index e3dd54e5ed0..d7991d6ae17 100644
--- a/odoo/__init__.py
+++ b/odoo/__init__.py
@@ -16,7 +16,7 @@ __path__ = [
 ]
 
 import sys
-assert sys.version_info > (3, 8), "Outdated python version detected, Odoo requires Python >= 3.8 to run."
+assert sys.version_info > (3, 10), "Outdated python version detected, Odoo requires Python >= 3.10 to run."
 
 #----------------------------------------------------------
 # Running mode flags (gevent, prefork)
diff --git a/requirements.txt b/requirements.txt
index 5c7d36f101a..7d19eed5f36 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -4,58 +4,52 @@ Babel==2.9.1  # min version = 2.6.0 (Focal with security backports)
 chardet==4.0.0
 cryptography==3.4.8
 decorator==4.4.2
-docutils==0.16
+docutils==0.17
 ebaysdk==2.1.5
-freezegun==0.3.15
+freezegun==1.1.0
 geoip2==2.9.0
-gevent==20.9.0 ; python_version <= '3.9'
 gevent==21.8.0 ; python_version == '3.10'  # (Jammy)
 gevent==22.10.2; python_version > '3.10'
-greenlet==0.4.17 ; python_version <= '3.9'
 greenlet==1.1.2 ; python_version == '3.10'  # (Jammy)
 greenlet==2.0.2 ; python_version > '3.10'
-idna==2.10
-Jinja2==2.11.3 ; python_version <= '3.10'  # min version = 2.10.1 (Focal - with security backports)
+idna==2.10  # requests 2.25.1 depends on idna<3 and >=2.5
+Jinja2==3.0.3 ; python_version <= '3.10'
 Jinja2==3.1.2 ; python_version > '3.10'
 libsass==0.20.1
-lxml==4.6.5 ; python_version <= '3.10'  # min version = 4.5.0 (Focal - with security backports)
+lxml==4.8.0 ; python_version <= '3.10'
 lxml==4.9.2 ; python_version > '3.10'
-MarkupSafe==1.1.1 ; python_version <= '3.10'
+MarkupSafe==2.0.1 ; python_version <= '3.10'
 MarkupSafe==2.1.2 ; python_version > '3.10'
-num2words==0.5.9
-ofxparse==0.19; python_version <= '3.9'
-ofxparse==0.21; python_version > '3.9'  # (Jammy)
+num2words==0.5.10
+ofxparse==0.21
 passlib==1.7.4 # min version = 1.7.2 (Focal with security backports)
 Pillow==9.0.1 ; python_version <= '3.10'  # min version = 7.0.0 (Focal with security backports)
 Pillow==9.4.0 ; python_version > '3.10'
-polib==1.1.0
-psutil==5.8.0 ; python_version <= '3.10' 
+polib==1.1.1
+psutil==5.9.0 ; python_version <= '3.10' 
 psutil==5.9.4 ; python_version > '3.10' 
-psycopg2==2.8.6 ; sys_platform != 'win32' and python_version <= '3.10'
-psycopg2==2.8.6 ; sys_platform == 'win32' and python_version < '3.10'
-psycopg2==2.9.5 ; python_version > '3.10' or ( sys_platform == 'win32' and python_version == '3.10')
+psycopg2==2.9.2 ; sys_platform != 'win32' and python_version <= '3.10'
+psycopg2==2.9.5 ; python_version > '3.10' or sys_platform == 'win32'
 pydot==1.4.2
-pyopenssl==20.0.1
+pyopenssl==21.0.0
 PyPDF2==1.26.0 ; python_version <= '3.10'
 PyPDF2==2.12.1 ; python_version > '3.10'
 pypiwin32 ; sys_platform == 'win32'
 pyserial==3.5
 python-dateutil==2.8.1
 python-ldap==3.4.0 ; sys_platform != 'win32'  # min version = 3.2.0 (Focal with security backports)
-python-stdnum==1.16
+python-stdnum==1.17
 pytz  # no version pinning to avoid OS perturbations
-pyusb==1.0.2 ; python_version <= '3.10'
-pyusb==1.2.1 ; python_version > '3.10'
-qrcode==6.1
-reportlab==3.5.59 ; python_version <= '3.10'  # version < 3.5.54 are not compatible with Pillow 8.1.2 and 3.5.59 is bullseye
+pyusb==1.2.1
+qrcode==7.3.1
+reportlab==3.6.8 ; python_version <= '3.10'
 reportlab==3.6.12 ; python_version > '3.10'
 requests==2.25.1 # versions < 2.25 aren't compatible w/ urllib3 1.26. Bullseye = 2.25.1. min version = 2.22.0 (Focal)
 rjsmin==1.1.0
 urllib3==1.26.5 # indirect / min version = 1.25.8 (Focal with security backports)
 vobject==0.9.6.1
-Werkzeug==0.16.1 ; python_version <= '3.9'
-Werkzeug==2.0.2 ; python_version > '3.9'  # (Jammy)
+Werkzeug==2.0.2
 xlrd==1.2.0
-XlsxWriter==1.1.2
+XlsxWriter==3.0.2
 xlwt==1.3.*
-zeep==4.0.0
+zeep==4.1.0
diff --git a/setup.py b/setup.py
index 232b017e460..ad23713663c 100644
--- a/setup.py
+++ b/setup.py
@@ -63,7 +63,7 @@ setup(
         'xlwt',
         'zeep',
     ],
-    python_requires='>=3.8',
+    python_requires='>=3.10',
     extras_require={
         'ldap': ['python-ldap'],
     },