Will there be a dependency update?

[Etheliene]

While trying to install this into my existing composer project, I get the following error:

 Problem 1
    - Root composer.json requires pfrenssen/matomo-reporting-api * -> satisfiable by pfrenssen/matomo-reporting-api[1.0.0, 1.0.1, 2.0.0].
    - pfrenssen/matomo-reporting-api[1.0.0, ..., 1.0.1, 2.0.0] require guzzlehttp/guzzle ~6.0 -> found guzzlehttp/guzzle[6.0.0, ..., 6.5.5] but it conflicts with your root composer.json require (^7.4).

I don't want to downgrade my dependencies based on other dependencies that I have so I am wondering if it is save to install with ignoring current dependencies.