diff --git a/pyproject.toml b/pyproject.toml
index 7c82856292be5..0f11d1fbeb90d 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -151,7 +151,15 @@ dependencies = [
     # See https://github.com/apache/airflow/pull/31693
     # We should also remove "licenses/LICENSE-unicodecsv.txt" file when we remove this dependency
     "unicodecsv>=0.14.1",
-    "universal-pathlib>=0.1.4",
+    # The Universal Pathlib provides  Pathlib-like interface for FSSPEC
+    # In 0.1. *It was not very well defined for extension, so the way how we use it for 0.1.*
+    # so we used a lot of private methods and attributes that were not defined in the interface
+    # an they are broken with version 0.2.0 which is much better suited for extension and supports
+    # Python 3.12. We should limit it, unti we migrate to 0.2.0
+    # See: https://github.com/fsspec/universal_pathlib/pull/173#issuecomment-1937090528
+    # This is prerequistite to make Airflow compatible with Python 3.12
+    # Tracked in https://github.com/apache/airflow/pull/36755
+    "universal-pathlib>=0.1.4,<0.2.0",
     # Werkzug 3 breaks Flask-Login 0.6.2, also connexion needs to be updated to >= 3.0
     # we should remove this limitation when FAB supports Flask 2.3 and we migrate connexion to 3+
     "werkzeug>=2.0,<3",