diff --git a/homeassistant/package_constraints.txt b/homeassistant/package_constraints.txt
index cd34ebc8621..c0404ac8de3 100644
--- a/homeassistant/package_constraints.txt
+++ b/homeassistant/package_constraints.txt
@@ -48,7 +48,7 @@ PyJWT==2.8.0
 PyNaCl==1.5.0
 pyOpenSSL==24.0.0
 pyserial==3.5
-python-slugify==8.0.1
+python-slugify==8.0.4
 PyTurboJPEG==1.7.1
 pyudev==0.23.2
 PyYAML==6.0.1
diff --git a/pyproject.toml b/pyproject.toml
index f9080ebc8b4..77be7031ffa 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -50,7 +50,7 @@ dependencies    = [
     "orjson==3.9.15",
     "packaging>=23.1",
     "pip>=21.3.1",
-    "python-slugify==8.0.1",
+    "python-slugify==8.0.4",
     "PyYAML==6.0.1",
     "requests==2.31.0",
     "typing-extensions>=4.9.0,<5.0",
diff --git a/requirements.txt b/requirements.txt
index a1a8956b4e2..f2f98147831 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -26,7 +26,7 @@ pyOpenSSL==24.0.0
 orjson==3.9.15
 packaging>=23.1
 pip>=21.3.1
-python-slugify==8.0.1
+python-slugify==8.0.4
 PyYAML==6.0.1
 requests==2.31.0
 typing-extensions>=4.9.0,<5.0
diff --git a/requirements_test.txt b/requirements_test.txt
index d38881905c8..f3f0bfe5b8e 100644
--- a/requirements_test.txt
+++ b/requirements_test.txt
@@ -45,7 +45,7 @@ types-pillow==10.2.0.20240111
 types-protobuf==4.24.0.20240106
 types-psutil==5.9.5.20240106
 types-python-dateutil==2.8.19.20240106
-types-python-slugify==8.0.0.3
+types-python-slugify==8.0.2.20240127
 types-pytz==2023.3.1.1
 types-PyYAML==6.0.12.12
 types-requests==2.31.0.3
diff --git a/tests/util/test_init.py b/tests/util/test_init.py
index 3ead4cf41c8..6f560376ea4 100644
--- a/tests/util/test_init.py
+++ b/tests/util/test_init.py
@@ -53,8 +53,8 @@ def test_slugify() -> None:
     assert util.slugify("影師嗎") == "ying_shi_ma"
     assert util.slugify("けいふぉんと") == "keihuonto"
     assert util.slugify("$") == "unknown"
-    assert util.slugify("Ⓐ") == "unknown"
-    assert util.slugify("ⓑ") == "unknown"
+    assert util.slugify("Ⓐ") == "a"
+    assert util.slugify("ⓑ") == "b"
     assert util.slugify("$$$") == "unknown"
     assert util.slugify("$something") == "something"
     assert util.slugify("") == ""