diff --git a/onnxruntime/python/tools/transformers/requirements.txt b/onnxruntime/python/tools/transformers/requirements.txt
index a299aa2374489..77007d1638eb1 100644
--- a/onnxruntime/python/tools/transformers/requirements.txt
+++ b/onnxruntime/python/tools/transformers/requirements.txt
@@ -1,11 +1,11 @@
-onnx >= 1.8
+onnx>=1.21.0
 numpy
 coloredlogs
 psutil
 py-cpuinfo
 py3nvml
 packaging
-transformers >= 4.0
+transformers>=5.0.0rc3
 scipy
 sentencepiece