diff --git a/packages/plugin-hardhat/package.json b/packages/plugin-hardhat/package.json
index 3b75cde0e..611ae2cb2 100644
--- a/packages/plugin-hardhat/package.json
+++ b/packages/plugin-hardhat/package.json
@@ -23,7 +23,7 @@
     "@nomicfoundation/hardhat-ethers": "^3.0.6",
     "@nomicfoundation/hardhat-verify": "^2.0.14",
     "@openzeppelin/contracts": "5.3.0",
-    "@openzeppelin/contracts-upgradeable": "5.3.0",
+    "@openzeppelin/contracts-upgradeable": "5.4.0",
     "@types/mocha": "^7.0.2",
     "ava": "^6.0.0",
     "fgbg": "^0.1.4",
diff --git a/yarn.lock b/yarn.lock
index 0a7957714..671102f8c 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -1540,10 +1540,10 @@
     "@nomicfoundation/solidity-analyzer-linux-x64-musl" "0.1.2"
     "@nomicfoundation/solidity-analyzer-win32-x64-msvc" "0.1.2"
 
-"@openzeppelin/contracts-upgradeable@5.3.0":
-  version "5.3.0"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-5.3.0.tgz#79dba09ab0b4bb49f21544ea738b9de016b0ceea"
-  integrity sha512-yVzSSyTMWO6rapGI5tuqkcLpcGGXA0UA1vScyV5EhE5yw8By3Ewex9rDUw8lfVw0iTkvR/egjfcW5vpk03lqZg==
+"@openzeppelin/contracts-upgradeable@5.4.0":
+  version "5.4.0"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/contracts-upgradeable/-/contracts-upgradeable-5.4.0.tgz#a325066da702d0a8be091eb17136d3e9c92cc76a"
+  integrity sha512-STJKyDzUcYuB35Zub1JpWW58JxvrFFVgQ+Ykdr8A9PGXgtq/obF5uoh07k2XmFyPxfnZdPdBdhkJ/n2YxJ87HQ==
 
 "@openzeppelin/contracts@5.3.0":
   version "5.3.0"