diff --git a/Package.swift b/Package.swift
index 7ddef5bfce7..962e5b4ba77 100644
--- a/Package.swift
+++ b/Package.swift
@@ -545,7 +545,7 @@ if ProcessInfo.processInfo.environment["SWIFTCI_USE_LOCAL_DEPS"] == nil {
         // The 'swift-argument-parser' version declared here must match that
         // used by 'swift-driver' and 'sourcekit-lsp'. Please coordinate
         // dependency version changes here with those projects.
-        .package(url: "https://github.com/apple/swift-argument-parser.git", .upToNextMinor(from: "0.4.3")),
+        .package(url: "https://github.com/apple/swift-argument-parser.git", .upToNextMinor(from: "1.0.1")),
         .package(url: "https://github.com/apple/swift-driver.git", .branch(relatedDependenciesBranch)),
         .package(url: "https://github.com/apple/swift-crypto.git", .upToNextMinor(from: minimumCryptoVersion)),
     ]