diff --git a/requirements/requirements.txt b/requirements/requirements.txt
index f671321704..2550403deb 100644
--- a/requirements/requirements.txt
+++ b/requirements/requirements.txt
@@ -2,7 +2,7 @@ numpy == 1.22.3
 scipy == 1.8.0
 pandas == 1.4.1
 matplotlib == 3.5.1
-cvxpy == 1.2.0
+cvxpy == 1.3.0
 pytest == 7.1.1 # For unit test
 pytest-xdist == 2.5.0 # For unit test
 mypy == 0.941 # For unit test