diff --git a/setup.py b/setup.py
index b53ac93d8e683..bcdca1e131148 100644
--- a/setup.py
+++ b/setup.py
@@ -599,7 +599,16 @@ def write_version(filename: str = os.path.join(*[my_dir, "airflow", "git_version
     'flake8-colors',
     'flaky',
     'freezegun',
-    'github3.py',
+    # Github3 version 3.1.2 requires PyJWT>=2.3.0 which clashes with Flask App Builder where PyJWT is <2.0.0
+    # Actually GitHub3.1.0 already introduced PyJWT>=2.3.0 but so far `pip` was able to resolve it without
+    # getting into a long backtracking loop and figure out that github3 3.0.0 version is the right version
+    # similarly limiting it to 3.1.2 causes pip not to enter the backtracking loop. Apparently when there
+    # are 3 versions with PyJWT>=2.3.0 (3.1.0, 3.1.1 an 3.1.2) pip enters into backtrack loop and fails
+    # to resolve that github3 3.0.0 is the right version to use.
+    # This limitation could be removed if PyJWT limitation < 2.0.0 is dropped from FAB or when
+    # pip resolution is improved to handle the case. The issue which describes this PIP behaviour
+    # and hopefully allowing to improve it is tracked in https://github.com/pypa/pip/issues/10924
+    'github3.py<3.1.0',
     'gitpython',
     'ipdb',
     'jira',