diff --git a/tools/base/requirements.in b/tools/base/requirements.in
index 86532c679c851..0af95a95839a0 100644
--- a/tools/base/requirements.in
+++ b/tools/base/requirements.in
@@ -27,7 +27,7 @@ pep8-naming
 ply
 # Upgrading beyond 4.21.x doesnt currently work. 4.23+ might work when the following is resolved
 # `MessageFactory class is deprecated. Please use GetMessageClass() instead of MessageFactory.GetPrototype`
-protobuf<4.22.0
+protobuf<4.24.0
 pygithub
 pyreadline
 pyyaml
diff --git a/tools/base/requirements.txt b/tools/base/requirements.txt
index b7b24775a20c6..38c471060f866 100644
--- a/tools/base/requirements.txt
+++ b/tools/base/requirements.txt
@@ -1010,21 +1010,20 @@ ply==3.11 \
     --hash=sha256:00c7c1aaa88358b9c765b6d3000c6eec0ba42abca5351b095321aef446081da3 \
     --hash=sha256:096f9b8350b65ebd2fd1346b12452efe5b9607f7482813ffca50c22722a807ce
     # via -r requirements.in
-protobuf==4.21.12 \
-    --hash=sha256:1f22ac0ca65bb70a876060d96d914dae09ac98d114294f77584b0d2644fa9c30 \
-    --hash=sha256:237216c3326d46808a9f7c26fd1bd4b20015fb6867dc5d263a493ef9a539293b \
-    --hash=sha256:27f4d15021da6d2b706ddc3860fac0a5ddaba34ab679dc182b60a8bb4e1121cc \
-    --hash=sha256:299ea899484ee6f44604deb71f424234f654606b983cb496ea2a53e3c63ab791 \
-    --hash=sha256:3d164928ff0727d97022957c2b849250ca0e64777ee31efd7d6de2e07c494717 \
-    --hash=sha256:6ab80df09e3208f742c98443b6166bcb70d65f52cfeb67357d52032ea1ae9bec \
-    --hash=sha256:78a28c9fa223998472886c77042e9b9afb6fe4242bd2a2a5aced88e3f4422aa7 \
-    --hash=sha256:7cd532c4566d0e6feafecc1059d04c7915aec8e182d1cf7adee8b24ef1e2e6ab \
-    --hash=sha256:89f9149e4a0169cddfc44c74f230d7743002e3aa0b9472d8c28f0388102fc4c2 \
-    --hash=sha256:a53fd3f03e578553623272dc46ac2f189de23862e68565e83dde203d41b76fc5 \
-    --hash=sha256:b135410244ebe777db80298297a97fbb4c862c881b4403b71bac9d4107d61fd1 \
-    --hash=sha256:b98d0148f84e3a3c569e19f52103ca1feacdac0d2df8d6533cf983d1fda28462 \
-    --hash=sha256:d1736130bce8cf131ac7957fa26880ca19227d4ad68b4888b3be0dea1f95df97 \
-    --hash=sha256:f45460f9ee70a0ec1b6694c6e4e348ad2019275680bd68a1d9314b8c7e01e574
+protobuf==4.23.3 \
+    --hash=sha256:0149053336a466e3e0b040e54d0b615fc71de86da66791c592cc3c8d18150bf8 \
+    --hash=sha256:08fe19d267608d438aa37019236db02b306e33f6b9902c3163838b8e75970223 \
+    --hash=sha256:29660574cd769f2324a57fb78127cda59327eb6664381ecfe1c69731b83e8288 \
+    --hash=sha256:2991f5e7690dab569f8f81702e6700e7364cc3b5e572725098215d3da5ccc6ac \
+    --hash=sha256:3b01a5274ac920feb75d0b372d901524f7e3ad39c63b1a2d55043f3887afe0c1 \
+    --hash=sha256:3bcbeb2bf4bb61fe960dd6e005801a23a43578200ea8ceb726d1f6bd0e562ba1 \
+    --hash=sha256:447b9786ac8e50ae72cae7a2eec5c5df6a9dbf9aa6f908f1b8bda6032644ea62 \
+    --hash=sha256:514b6bbd54a41ca50c86dd5ad6488afe9505901b3557c5e0f7823a0cf67106fb \
+    --hash=sha256:5cb9e41188737f321f4fce9a4337bf40a5414b8d03227e1d9fbc59bc3a216e35 \
+    --hash=sha256:7a92beb30600332a52cdadbedb40d33fd7c8a0d7f549c440347bc606fb3fe34b \
+    --hash=sha256:84ea0bd90c2fdd70ddd9f3d3fc0197cc24ecec1345856c2b5ba70e4d99815359 \
+    --hash=sha256:aca6e86a08c5c5962f55eac9b5bd6fce6ed98645d77e8bfc2b952ecd4a8e4f6a \
+    --hash=sha256:cc14358a8742c4e06b1bfe4be1afbdf5c9f6bd094dff3e14edb78a1513893ff5
     # via
     #   -r requirements.in
     #   envoy-base-utils