diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6698fc1d6c0..53f3117017c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,6 +13,7 @@
 - Increase performance of graph subset selection ([#4135](https://github.com/dbt-labs/dbt-core/issues/4135),[#4155](https://github.com/dbt-labs/dbt-core/pull/4155))
 - Add downstream test edges for `build` task _only_. Restore previous graph construction, compilation performance, and node selection behavior (`test+`) for all other tasks ([#4135](https://github.com/dbt-labs/dbt-core/issues/4135), [#4143](https://github.com/dbt-labs/dbt-core/pull/4143))
 - Don't require a strict/proper subset when adding testing edges to specialized graph for `build` ([#4158](https://github.com/dbt-labs/dbt-core/issues/4135), [#4158](https://github.com/dbt-labs/dbt-core/pull/4160))
+- Capping `google-api-core` to version `1.31.3` due to `protobuf` dependency conflict ([#4192](https://github.com/dbt-labs/dbt-core/pull/4192))
 
 Contributors:
 - [@ljhopkins2](https://github.com/ljhopkins2) ([#4077](https://github.com/dbt-labs/dbt-core/pull/4077))
diff --git a/plugins/bigquery/setup.py b/plugins/bigquery/setup.py
index dcc06999b2e..f8c680e226f 100644
--- a/plugins/bigquery/setup.py
+++ b/plugins/bigquery/setup.py
@@ -50,7 +50,7 @@
         'protobuf>=3.13.0,<4',
         'google-cloud-core>=1.3.0,<2',
         'google-cloud-bigquery>=1.25.0,<3',
-        'google-api-core>=1.16.0,<2',
+        'google-api-core>=1.16.0,<1.31.3',
         'googleapis-common-protos>=1.6.0,<2',
         'six>=1.14.0',
     ],