diff --git a/homeassistant/package_constraints.txt b/homeassistant/package_constraints.txt
index d183395ebfc..0d46744d2ad 100644
--- a/homeassistant/package_constraints.txt
+++ b/homeassistant/package_constraints.txt
@@ -128,9 +128,8 @@ authlib<1.0
 # Version 2.0 added typing, prevent accidental fallbacks
 backoff>=2.0
 
-# Breaking change in version
-# https://github.com/samuelcolvin/pydantic/issues/4092
-pydantic!=1.9.1
+# Require to avoid issues with decorators (#93904). v2 has breaking changes.
+pydantic>=1.10.8,<2.0
 
 # Breaks asyncio
 # https://github.com/pubnub/python/issues/130
diff --git a/script/gen_requirements_all.py b/script/gen_requirements_all.py
index ca39d78c4c6..e71cdcf7bc1 100755
--- a/script/gen_requirements_all.py
+++ b/script/gen_requirements_all.py
@@ -132,9 +132,8 @@ authlib<1.0
 # Version 2.0 added typing, prevent accidental fallbacks
 backoff>=2.0
 
-# Breaking change in version
-# https://github.com/samuelcolvin/pydantic/issues/4092
-pydantic!=1.9.1
+# Require to avoid issues with decorators (#93904). v2 has breaking changes.
+pydantic>=1.10.8,<2.0
 
 # Breaks asyncio
 # https://github.com/pubnub/python/issues/130