diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9abfab2..0f488e6 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Changed
 
+- Updated setuptools from 68.0.0 to 69.5.1. ([#200](https://github.com/heroku/buildpacks-python/pull/200))
 - Updated wheel from 0.42.0 to 0.43.0. ([#179](https://github.com/heroku/buildpacks-python/pull/179))
 - The buildpack now implements Buildpack API 0.10 instead of 0.9, and so requires `lifecycle` 0.17.x or newer. ([#197](https://github.com/heroku/buildpacks-python/pull/197))
 - The buildpack's base image compatibility metadata is now declared using `[[targets]]` instead of `[[stacks]]`. ([#197](https://github.com/heroku/buildpacks-python/pull/197))
diff --git a/requirements/setuptools.txt b/requirements/setuptools.txt
index 23e605a..41432a8 100644
--- a/requirements/setuptools.txt
+++ b/requirements/setuptools.txt
@@ -1 +1 @@
-setuptools==68.0.0
+setuptools==69.5.1