diff --git a/README.rst b/README.rst
index 633dc383ad7..63e0d8d54e7 100644
--- a/README.rst
+++ b/README.rst
@@ -157,7 +157,7 @@ PTB can be installed with optional dependencies:
 * ``pip install "python-telegram-bot[http2]"`` installs `httpx[http2] <https://www.python-httpx.org/#dependencies>`_. Use this, if you want to use HTTP/2.
 * ``pip install "python-telegram-bot[rate-limiter]"`` installs `aiolimiter~=1.1,<1.3 <https://aiolimiter.readthedocs.io/en/stable/>`_. Use this, if you want to use ``telegram.ext.AIORateLimiter``.
 * ``pip install "python-telegram-bot[webhooks]"`` installs the `tornado~=6.4 <https://www.tornadoweb.org/en/stable/>`_ library. Use this, if you want to use ``telegram.ext.Updater.start_webhook``/``telegram.ext.Application.run_webhook``.
-* ``pip install "python-telegram-bot[callback-data]"`` installs the `cachetools>=5.3.3,<5.6.0 <https://cachetools.readthedocs.io/en/latest/>`_ library. Use this, if you want to use `arbitrary callback_data <https://github.com/python-telegram-bot/python-telegram-bot/wiki/Arbitrary-callback_data>`_.
+* ``pip install "python-telegram-bot[callback-data]"`` installs the `cachetools>=5.3.3,<6.1.0 <https://cachetools.readthedocs.io/en/latest/>`_ library. Use this, if you want to use `arbitrary callback_data <https://github.com/python-telegram-bot/python-telegram-bot/wiki/Arbitrary-callback_data>`_.
 * ``pip install "python-telegram-bot[job-queue]"`` installs the `APScheduler>=3.10.4,<3.12.0 <https://apscheduler.readthedocs.io/en/3.x/>`_ library. Use this, if you want to use the ``telegram.ext.JobQueue``.
 
 To install multiple optional dependencies, separate them by commas, e.g. ``pip install "python-telegram-bot[socks,webhooks]"``.
diff --git a/changes/unreleased/4801.feKaYKKZTZq2KBjhyxVVAM.toml b/changes/unreleased/4801.feKaYKKZTZq2KBjhyxVVAM.toml
new file mode 100644
index 00000000000..6d4e67483c3
--- /dev/null
+++ b/changes/unreleased/4801.feKaYKKZTZq2KBjhyxVVAM.toml
@@ -0,0 +1,5 @@
+dependencies = "Update cachetools requirement from <5.6.0,>=5.3.3 to >=5.3.3,<6.1.0"
+[[pull_requests]]
+uid = "4801"
+author_uid = "dependabot[bot]"
+closes_threads = []
diff --git a/pyproject.toml b/pyproject.toml
index d1f35f0591d..d28d0e73c14 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -66,7 +66,7 @@ all = [
 ]
 callback-data = [
     # Cachetools doesn't have a strict stability policy. Let's be cautious for now.
-    "cachetools>=5.3.3,<5.6.0",
+    "cachetools>=5.3.3,<6.1.0",
 ]
 ext = [
     "python-telegram-bot[callback-data,job-queue,rate-limiter,webhooks]",