diff --git a/requirements/base.txt b/requirements/base.txt
index 4d1fc56c8c8ed..660315b756fc5 100644
--- a/requirements/base.txt
+++ b/requirements/base.txt
@@ -31,7 +31,7 @@ bleach==3.3.1
     # via apache-superset
 brotli==1.0.9
     # via flask-compress
-cachelib==0.1.1
+cachelib==0.4.1
     # via apache-superset
 celery==4.4.7
     # via apache-superset
diff --git a/setup.py b/setup.py
index 09ad8bbaa7228..baaac4ea394ce 100644
--- a/setup.py
+++ b/setup.py
@@ -66,7 +66,7 @@ def get_git_sha() -> str:
     install_requires=[
         "backoff>=1.8.0",
         "bleach>=3.0.2, <4.0.0",
-        "cachelib>=0.1.1,<0.2",
+        "cachelib>=0.4.1,<0.5",
         "celery>=4.3.0, <5.0.0, !=4.4.1",
         "click<8",
         "colorama",