diff --git a/cosmos/operators/local.py b/cosmos/operators/local.py
index 145741096..121ed66d0 100644
--- a/cosmos/operators/local.py
+++ b/cosmos/operators/local.py
@@ -206,17 +206,11 @@ def run_command(
                 tmp_project_dir,
             )
 
-            # if we need to install deps, do so
-            if self.install_deps:
-                self.run_subprocess(
-                    command=[self.dbt_executable_path, "deps"],
-                    env=env,
-                    output_encoding=self.output_encoding,
-                    cwd=tmp_project_dir,
-                )
-            with self.profile_config.ensure_profile() as (profile_path, env_vars):
+            with self.profile_config.ensure_profile() as profile_values:
+                (profile_path, env_vars) = profile_values
                 env.update(env_vars)
-                full_cmd = cmd + [
+
+                flags = [
                     "--profiles-dir",
                     str(profile_path.parent),
                     "--profile",
@@ -225,6 +219,18 @@ def run_command(
                     self.profile_config.target_name,
                 ]
 
+                if self.install_deps:
+                    deps_command = [self.dbt_executable_path, "deps"]
+                    deps_command.extend(flags)
+                    self.run_subprocess(
+                        command=deps_command,
+                        env=env,
+                        output_encoding=self.output_encoding,
+                        cwd=tmp_project_dir,
+                    )
+
+                full_cmd = cmd + flags
+
                 logger.info("Trying to run the command:\n %s\nFrom %s", full_cmd, tmp_project_dir)
                 logger.info("Using environment variables keys: %s", env.keys())
                 result = self.run_subprocess(
diff --git a/tests/operators/test_local.py b/tests/operators/test_local.py
index 14213b335..38863620f 100644
--- a/tests/operators/test_local.py
+++ b/tests/operators/test_local.py
@@ -458,3 +458,33 @@ def test_dbt_docs_gcs_local_operator():
             call(filename="fake-dir/target/file2", bucket_name="fake-bucket", object_name="fake-folder/file2"),
         ]
         mock_hook.upload.assert_has_calls(expected_upload_calls)
+
+
+@patch("cosmos.operators.local.DbtLocalBaseOperator.store_compiled_sql")
+@patch("cosmos.operators.local.DbtLocalBaseOperator.exception_handling")
+@patch("cosmos.config.ProfileConfig.ensure_profile")
+@patch("cosmos.operators.local.DbtLocalBaseOperator.run_subprocess")
+def test_operator_execute_deps_parameters(
+    mock_build_and_run_cmd, mock_ensure_profile, mock_exception_handling, mock_store_compiled_sql
+):
+    expected_call_kwargs = [
+        "/usr/local/bin/dbt",
+        "deps",
+        "--profiles-dir",
+        "/path/to",
+        "--profile",
+        "default",
+        "--target",
+        "dev",
+    ]
+    task = DbtRunLocalOperator(
+        profile_config=real_profile_config,
+        task_id="my-task",
+        project_dir=DBT_PROJ_DIR,
+        install_deps=True,
+        emit_datasets=False,
+        dbt_executable_path="/usr/local/bin/dbt",
+    )
+    mock_ensure_profile.return_value.__enter__.return_value = (Path("/path/to/profile"), {"ENV_VAR": "value"})
+    task.execute(context={"task_instance": MagicMock()})
+    assert mock_build_and_run_cmd.call_args_list[0].kwargs["command"] == expected_call_kwargs
diff --git a/tests/operators/test_virtualenv.py b/tests/operators/test_virtualenv.py
index 142a251a7..13dba8f94 100644
--- a/tests/operators/test_virtualenv.py
+++ b/tests/operators/test_virtualenv.py
@@ -60,7 +60,7 @@ def test_run_command(
     dbt_cmd = run_command_args[2]
     assert python_cmd[0][0][0].endswith("/bin/python")
     assert python_cmd[0][-1][-1] == "from importlib.metadata import version; print(version('dbt-core'))"
-    assert dbt_deps[0][0][-1] == "deps"
+    assert dbt_deps[0][0][1] == "deps"
     assert dbt_deps[0][0][0].endswith("/bin/dbt")
     assert dbt_deps[0][0][0] == dbt_cmd[0][0][0]
     assert dbt_cmd[0][0][1] == "do-something"