diff --git a/CHANGES/1347.misc.rst b/CHANGES/1347.misc.rst
new file mode 100644
index 00000000..2da2e568
--- /dev/null
+++ b/CHANGES/1347.misc.rst
@@ -0,0 +1 @@
+Updated :code:`typing-extensions` package version range in dependencies to fix compatibility with :code:`FastAPI`
diff --git a/pyproject.toml b/pyproject.toml
index 9553b128..9b0511ab 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -45,7 +45,7 @@ dependencies = [
     "pydantic>=2.4.1,<2.5",
     "aiofiles~=23.2.1",
     "certifi>=2023.7.22",
-    "typing-extensions~=4.8.0",
+    "typing-extensions>=4.7.0,<=5.0",
 ]
 dynamic = ["version"]