diff --git a/.changes/unreleased/Dependencies-20230727-145726.yaml b/.changes/unreleased/Dependencies-20230727-145726.yaml
new file mode 100644
index 00000000000..febecde9db9
--- /dev/null
+++ b/.changes/unreleased/Dependencies-20230727-145726.yaml
@@ -0,0 +1,6 @@
+kind: Dependencies
+body: Add upper bound to sqlparse pin of <0.5
+time: 2023-07-27T14:57:26.40416-05:00
+custom:
+  Author: emmyoop
+  PR: "8236"
diff --git a/core/setup.py b/core/setup.py
index a350c77b309..18cb0bbde72 100644
--- a/core/setup.py
+++ b/core/setup.py
@@ -59,7 +59,7 @@
         "networkx>=2.3,<2.8.1;python_version<'3.8'",
         "networkx>=2.3,<3;python_version>='3.8'",
         "packaging>20.9",
-        "sqlparse>=0.2.3",
+        "sqlparse>=0.2.3,<0.5",
         "dbt-extractor~=0.4.1",
         "typing-extensions>=3.7.4",
         "werkzeug>=1,<3",