Error in Upgrade - ctools 4.0.3

Problem/Motivation

When I tried to upgrade the ctools project with composer I get errors.

Steps to reproduce

1. First Listed the outdated updates with Drupal - $ composer outdated "drupal/*"
I get results as shown below -

Here you will see, the given version available with ctools is 4.0.3

2. Now, try to update the module - $ composer update drupal/ctools --with-all-dependencies
It gives result as shown below -

Here, system says, Nothing to update, install or remove

3. Finally, Try to update it with "require" command of composer - composer require drupal/ctools --update-with-dependencies
I get the bunch of errors which I am not sure how should I address and fix those as shown below -

Here, Error states that "Your requirement could not be resolved to an installable set of packages."

Proposed resolution

Can't think of one. Any solution if someone could provide would be really great help

Remaining tasks

N/A

User interface changes

N/A

API changes

N/A

Data model changes

N/A