diff --git a/setup.py b/setup.py
index eccba856fd..dc707c5bea 100644
--- a/setup.py
+++ b/setup.py
@@ -185,7 +185,7 @@ def package_files(prefix: str, directory: str, extension: str):
 ]
 
 extra_deps['peft'] = [
-    'peft>=0.10.0,<0.12',
+    'peft>=0.12.0,<0.13',
 ]
 
 extra_deps['sentencepiece'] = [