diff --git a/pyproject.toml b/pyproject.toml
index 1a6f0e536..7e5a4b6a0 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -30,9 +30,9 @@ dependencies = [
     "numpy>=1.23.0",
     "scipy>=1.5.2",
     "rustworkx>=0.14.0",
-    "qiskit-aer>=0.13.3",
+    "qiskit-aer>=0.14.0.1",
     "qiskit>=1.0.0, <2.0",
-    "qiskit-ibm-runtime>=0.21.0",
+    "qiskit-ibm-runtime>=0.23.0",
 ]
 
 [project.optional-dependencies]
diff --git a/releasenotes/notes/bump-dependency-versions-d5dc3b10ba842f2d.yaml b/releasenotes/notes/bump-dependency-versions-d5dc3b10ba842f2d.yaml
index 010b414f5..5093794fc 100644
--- a/releasenotes/notes/bump-dependency-versions-d5dc3b10ba842f2d.yaml
+++ b/releasenotes/notes/bump-dependency-versions-d5dc3b10ba842f2d.yaml
@@ -2,5 +2,5 @@
 upgrade:
   - |
     CKT now requires updated versions of some dependencies: ``qiskit``
-    1.0 or later, ``qiskit-aer`` 0.13.3 or later, and
-    ``qiskit-ibm-runtime`` 0.21.0 or later.
+    1.0 or later, ``qiskit-aer`` 0.14.0 or later, and
+    ``qiskit-ibm-runtime`` 0.23.0 or later.
diff --git a/test/cutting/test_cutting_workflows.py b/test/cutting/test_cutting_workflows.py
index b74d2db47..25d361320 100644
--- a/test/cutting/test_cutting_workflows.py
+++ b/test/cutting/test_cutting_workflows.py
@@ -20,13 +20,7 @@
 from qiskit.quantum_info import PauliList
 from qiskit.transpiler.preset_passmanagers import generate_preset_pass_manager
 from qiskit.providers.fake_provider import GenericBackendV2
-
-try:
-    from qiskit.primitives import BackendSamplerV2
-except ImportError:
-    backendsamplerv2_available = False
-else:
-    backendsamplerv2_available = True
+from qiskit_ibm_runtime import SamplerV2
 from qiskit_aer.primitives import Sampler
 from qiskit_aer import AerSimulator
 
@@ -190,10 +184,6 @@ def test_wire_cut_workflow_with_reused_qubits():
         assert "reset" not in subexpt.count_ops()
 
 
-@pytest.mark.skipif(
-    not backendsamplerv2_available,
-    reason="BackendSamplerV2 is not available in Qiskit < 1.1",
-)
 def test_reconstruction_with_samplerv2():
     """Smoke test for reconstruction using samplerv2"""
     qc = QuantumCircuit(4)
@@ -213,11 +203,9 @@ def test_reconstruction_with_samplerv2():
         num_samples=100,
     )
 
-    # Use BackendSamplerV2 with AerSimulator, following
-    # https://github.com/Qiskit/qiskit-aer/issues/2078#issuecomment-1971498534
+    # Use SamplerV2 in local mode with AerSimulator
     samplers = {
-        label: BackendSamplerV2(backend=AerSimulator())
-        for label in subexperiments.keys()
+        label: SamplerV2(backend=AerSimulator()) for label in subexperiments.keys()
     }
     results = {
         label: sampler.run(subexperiments[label], shots=128).result()