diff --git a/src/bindings/python/requirements.txt b/src/bindings/python/requirements.txt
index 96fcd1b1ff4..35960f4c992 100644
--- a/src/bindings/python/requirements.txt
+++ b/src/bindings/python/requirements.txt
@@ -1 +1 @@
-numpy>=1.16.6,<=1.23.4
+numpy>=1.16.6,<1.25
diff --git a/src/bindings/python/setup.cfg b/src/bindings/python/setup.cfg
index fbe118e76fc..373d7a86540 100644
--- a/src/bindings/python/setup.cfg
+++ b/src/bindings/python/setup.cfg
@@ -17,6 +17,7 @@ passenv =
 commands=
   {envbindir}/python setup.py bdist_wheel
   {envbindir}/pip install --no-index --pre --find-links=dist/ openvino
+  pip install numpy<=1.23.5  # ONNX==1.12 requires numpy<1.24
   pytest --backend={env:OV_BACKEND} tests -m "not template_plugin" -v -k 'not _cuda' --ignore=tests/test_onnx/test_zoo_models.py --ignore=tests/test_utils
   pytest --backend={env:OV_BACKEND} tests_compatibility/test_ngraph -v -k 'not _cuda' --ignore=tests_compatibility/test_onnx/test_zoo_models.py
 
@@ -24,6 +25,7 @@ commands=
 commands=
   {envbindir}/python setup.py bdist_wheel
   {envbindir}/pip install --no-index --pre --find-links=dist/ openvino
+  pip install numpy<=1.23.5  # ONNX==1.12 requires numpy<1.24
   pytest --backend={env:OV_BACKEND} tests/test_onnx/test_zoo_models.py -v -n 4 --forked -k 'not _cuda' --model_zoo_xfail
 
 [testenv:devenv]