diff --git a/requirements/fabric/examples.txt b/requirements/fabric/examples.txt
index 0459f6a4b4..a09b12cfe6 100644
--- a/requirements/fabric/examples.txt
+++ b/requirements/fabric/examples.txt
@@ -2,5 +2,5 @@
 #  in case you want to preserve/enforce restrictions on the latest compatible version, add "strict" as an in-line comment
 
 torchvision >=0.13.0, <0.16.0
-torchmetrics >=0.10.0, <1.1.0
+torchmetrics >=0.10.0, <1.3.0
 lightning-utilities >=0.8.0, <0.10.0
diff --git a/requirements/fabric/test.txt b/requirements/fabric/test.txt
index f46727ad79..3459e7dc87 100644
--- a/requirements/fabric/test.txt
+++ b/requirements/fabric/test.txt
@@ -6,4 +6,4 @@ pytest-rerunfailures ==12.0
 pytest-random-order ==1.1.0
 click ==8.1.7
 tensorboardX >=2.2, <2.7.0  # min version is set by torch.onnx missing attribute
-torchmetrics >=0.7.0, <1.1.0 # needed for using fixed compare_version
+torchmetrics >=0.7.0, <1.3.0 # needed for using fixed compare_version
diff --git a/requirements/pytorch/base.txt b/requirements/pytorch/base.txt
index fa5662be53..8148131f92 100644
--- a/requirements/pytorch/base.txt
+++ b/requirements/pytorch/base.txt
@@ -6,7 +6,7 @@ torch >=1.12.0, <2.2.0
 tqdm >=4.57.0, <4.67.0
 PyYAML >=5.4, <6.1.0
 fsspec[http] >2021.06.0, <2023.10.0
-torchmetrics >=0.7.0, <1.1.0  # needed for using fixed compare_version
+torchmetrics >=0.7.0, <1.3.0  # needed for using fixed compare_version
 packaging >=20.0, <=23.1
 typing-extensions >=4.0.0, <4.8.0
 lightning-utilities >=0.8.0, <0.10.0
diff --git a/requirements/pytorch/examples.txt b/requirements/pytorch/examples.txt
index be3829fb2c..19b9fb4f15 100644
--- a/requirements/pytorch/examples.txt
+++ b/requirements/pytorch/examples.txt
@@ -4,5 +4,5 @@
 torchvision >=0.13.0, <0.16.0
 gym[classic_control] >=0.17.0, <0.27.0
 ipython[all] <8.15.0
-torchmetrics >=0.10.0, <1.1.0
+torchmetrics >=0.10.0, <1.3.0
 lightning-utilities >=0.8.0, <0.10.0