diff --git a/Makefile b/Makefile
index 1694c1994a..6d3411edc9 100644
--- a/Makefile
+++ b/Makefile
@@ -63,7 +63,7 @@ RECEPTOR_IMAGE ?= quay.io/ansible/receptor:devel
 SRC_ONLY_PKGS ?= cffi,pycparser,psycopg,twilio
 # These should be upgraded in the AWX and Ansible venv before attempting
 # to install the actual requirements
-VENV_BOOTSTRAP ?= pip==21.2.4 setuptools==65.6.3 setuptools_scm[toml]==7.0.5 wheel==0.38.4
+VENV_BOOTSTRAP ?= pip==21.2.4 setuptools==65.6.3 setuptools_scm[toml]==8.0.4 wheel==0.38.4
 
 NAME ?= awx
 
diff --git a/requirements/requirements.txt b/requirements/requirements.txt
index 881c7d6262..587310d9da 100644
--- a/requirements/requirements.txt
+++ b/requirements/requirements.txt
@@ -411,7 +411,7 @@ service-identity==21.1.0
     # via twisted
 setuptools-rust==1.5.2
     # via -r /awx_devel/requirements/requirements.in
-setuptools-scm[toml]==7.0.5
+setuptools-scm[toml]==8.0.4
     # via -r /awx_devel/requirements/requirements.in
 six==1.16.0
     # via