diff --git a/requirements.txt b/requirements.txt
index ee73c4c7477f..4059d999198d 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -2,7 +2,7 @@ voluptuous==0.12.1
 PyYAML==5.3.1
 paho-mqtt==1.5.1
 colorama==0.4.4
-colorlog==4.6.2
+colorlog==6.7.0
 tornado==6.1
 protobuf==3.13.0
 tzlocal==2.1
diff --git a/script/setup b/script/setup
deleted file mode 100755
index d70a44ee493b..000000000000
--- a/script/setup
+++ /dev/null
@@ -1,8 +0,0 @@
-#!/bin/bash
-# Set up ESPHome dev environment
-
-set -e
-
-cd "$(dirname "$0")/.."
-pip3 install -r requirements.txt -r requirements_test.txt
-pip3 install -e .