diff --git a/requirements/base.txt b/requirements/base.txt
index f5cec6f..6c5008d 100644
--- a/requirements/base.txt
+++ b/requirements/base.txt
@@ -1,5 +1,5 @@
 #
-# This file is autogenerated by pip-compile with Python 3.8
+# This file is autogenerated by pip-compile with Python 3.11
 # by the following command:
 #
 #    make upgrade
@@ -8,9 +8,9 @@ appdirs==1.4.4
     # via fs
 fs==2.4.16
     # via xblock
-lxml==5.1.0
+lxml==5.3.0
     # via xblock
-mako==1.3.2
+mako==1.3.5
     # via xblock
 markupsafe==2.1.5
     # via
@@ -20,19 +20,19 @@ python-dateutil==2.9.0.post0
     # via xblock
 pytz==2024.1
     # via xblock
-pyyaml==6.0.1
+pyyaml==6.0.2
     # via xblock
-simplejson==3.19.2
+simplejson==3.19.3
     # via xblock
 six==1.16.0
     # via
     #   fs
     #   python-dateutil
-web-fragments==2.1.0
+web-fragments==2.2.0
     # via xblock
-webob==1.8.7
+webob==1.8.8
     # via xblock
-xblock==2.0.0
+xblock==5.1.0
     # via -r requirements/base.in
 
 # The following packages are considered to be unsafe in a requirements file:
diff --git a/requirements/common_constraints.txt b/requirements/common_constraints.txt
index 96cc5db..31879f7 100644
--- a/requirements/common_constraints.txt
+++ b/requirements/common_constraints.txt
@@ -17,7 +17,15 @@ Django<5.0
 
 # elasticsearch>=7.14.0 includes breaking changes in it which caused issues in discovery upgrade process.
 # elastic search changelog: https://www.elastic.co/guide/en/enterprise-search/master/release-notes-7.14.0.html
+# See https://github.com/openedx/edx-platform/issues/35126 for more info
 elasticsearch<7.14.0
 
 # django-simple-history>3.0.0 adds indexing and causes a lot of migrations to be affected
 django-simple-history==3.0.0
+
+# Cause: https://github.com/openedx/event-tracking/pull/290
+# event-tracking 2.4.1 upgrades to pymongo 4.4.0 which is not supported on edx-platform.
+# We will pin event-tracking to do not break existing installations
+# This can be unpinned once https://github.com/openedx/edx-platform/issues/34586
+# has been resolved and edx-platform is running with pymongo>=4.4.0
+event-tracking<2.4.1
diff --git a/requirements/pip.txt b/requirements/pip.txt
index 6665603..f313a9c 100644
--- a/requirements/pip.txt
+++ b/requirements/pip.txt
@@ -1,14 +1,14 @@
 #
-# This file is autogenerated by pip-compile with Python 3.8
+# This file is autogenerated by pip-compile with Python 3.11
 # by the following command:
 #
 #    make upgrade
 #
-wheel==0.42.0
+wheel==0.44.0
     # via -r requirements/pip.in
 
 # The following packages are considered to be unsafe in a requirements file:
-pip==24.0
+pip==24.2
     # via -r requirements/pip.in
-setuptools==69.1.1
+setuptools==74.1.2
     # via -r requirements/pip.in
diff --git a/requirements/pip_tools.txt b/requirements/pip_tools.txt
index abed760..77d81ad 100644
--- a/requirements/pip_tools.txt
+++ b/requirements/pip_tools.txt
@@ -1,32 +1,23 @@
 #
-# This file is autogenerated by pip-compile with Python 3.8
+# This file is autogenerated by pip-compile with Python 3.11
 # by the following command:
 #
 #    make upgrade
 #
-build==1.1.1
+build==1.2.2
     # via pip-tools
 click==8.1.7
     # via pip-tools
-importlib-metadata==7.0.1
+packaging==24.1
     # via build
-packaging==23.2
-    # via build
-pip-tools==7.4.0
+pip-tools==7.4.1
     # via -r requirements/pip_tools.in
-pyproject-hooks==1.0.0
-    # via
-    #   build
-    #   pip-tools
-tomli==2.0.1
+pyproject-hooks==1.1.0
     # via
     #   build
     #   pip-tools
-    #   pyproject-hooks
-wheel==0.42.0
+wheel==0.44.0
     # via pip-tools
-zipp==3.17.0
-    # via importlib-metadata
 
 # The following packages are considered to be unsafe in a requirements file:
 # pip