diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 9840a4ee19..94db66b6db 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -255,6 +255,7 @@ Changed
   changes at https://github.com/StackStorm/orquesta/releases/tag/v1.1.0 and the st2 upgrade notes
   for potential impact. (improvement)
 * Update st2 nginx config to remove deprecated ``ssl on`` option. #4917 (improvement)
+* Updated and tested tooz to v2.8.0 to apply fix for consul coordination heartbeat (@punkrokk @winem) #5121
 
 Fixed
 ~~~~~
diff --git a/fixed-requirements.txt b/fixed-requirements.txt
index 3804f1d34f..39f8c9f709 100644
--- a/fixed-requirements.txt
+++ b/fixed-requirements.txt
@@ -24,7 +24,7 @@ networkx==1.11
 # NOTE: Recent version substantially affect the performance and add big import time overhead
 # See https://github.com/StackStorm/st2/issues/4160#issuecomment-394386433 for details
 oslo.config>=1.12.1,<1.13
-oslo.utils>=3.36.2,<=3.37.0
+oslo.utils<5.0,>=4.0.0
 paramiko==2.7.1
 passlib==1.7.1
 prance==0.9.0
@@ -45,7 +45,7 @@ six==1.13.0
 # NOTE: sseclient has various issues which sometimes hang the connection for a long time, etc.
 sseclient-py==1.7
 stevedore==1.30.1
-tooz==1.66.1
+tooz==2.8.0
 # Note: We use latest version of virtualenv which uses pip 19
 virtualenv==16.6.0
 webob==1.8.5
diff --git a/requirements.txt b/requirements.txt
index 5dc0bb6729..bd092ab853 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -37,7 +37,7 @@ nose
 nose-parallel==0.3.1
 nose-timer==0.7.5
 oslo.config<1.13,>=1.12.1
-oslo.utils<=3.37.0,>=3.36.2
+oslo.utils<5.0,>=4.0.0
 paramiko==2.7.1
 passlib==1.7.1
 prettytable
@@ -62,7 +62,7 @@ simplejson
 six==1.13.0
 sseclient-py==1.7
 stevedore==1.30.1
-tooz==1.66.1
+tooz==2.8.0
 ujson==1.35
 unittest2
 webob==1.8.5
diff --git a/st2actions/requirements.txt b/st2actions/requirements.txt
index 987fbddc9d..2ef4e057a8 100755
--- a/st2actions/requirements.txt
+++ b/st2actions/requirements.txt
@@ -14,7 +14,7 @@ jinja2==2.10.3
 kombu==4.6.6
 lockfile==0.12.2
 oslo.config<1.13,>=1.12.1
-oslo.utils<=3.37.0,>=3.36.2
+oslo.utils<5.0,>=4.0.0
 pyinotify==0.9.6 ; platform_system == "Linux"
 python-dateutil==2.8.0
 python-json-logger
diff --git a/st2api/requirements.txt b/st2api/requirements.txt
index 051999210c..e9f8dca18f 100644
--- a/st2api/requirements.txt
+++ b/st2api/requirements.txt
@@ -11,7 +11,7 @@ jsonschema==2.6.0
 kombu==4.6.6
 mongoengine==0.18.2
 oslo.config<1.13,>=1.12.1
-oslo.utils<=3.37.0,>=3.36.2
+oslo.utils<5.0,>=4.0.0
 pymongo==3.10.0
 simplejson
 six==1.13.0
diff --git a/st2common/requirements.txt b/st2common/requirements.txt
index fe9e8732fa..8c5602adcc 100644
--- a/st2common/requirements.txt
+++ b/st2common/requirements.txt
@@ -35,7 +35,7 @@ retrying==1.3.3
 routes==2.4.1
 semver==2.9.0
 six==1.13.0
-tooz==1.66.1
+tooz==2.8.0
 ujson==1.35
 webob==1.8.5
 zake==0.2.2
diff --git a/st2stream/requirements.txt b/st2stream/requirements.txt
index 7a920a843f..fe3cbd71d7 100644
--- a/st2stream/requirements.txt
+++ b/st2stream/requirements.txt
@@ -11,6 +11,6 @@ jsonschema==2.6.0
 kombu==4.6.6
 mongoengine==0.18.2
 oslo.config<1.13,>=1.12.1
-oslo.utils<=3.37.0,>=3.36.2
+oslo.utils<5.0,>=4.0.0
 pymongo==3.10.0
 six==1.13.0