diff --git a/package/python-setuptools/python-setuptools.hash b/package/python-setuptools/python-setuptools.hash
index 7f13ac3896..123c9a1455 100644
--- a/package/python-setuptools/python-setuptools.hash
+++ b/package/python-setuptools/python-setuptools.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/setuptools/json
-md5  b82de45aaa6b9bb911226660212ebb83  setuptools-69.0.3.tar.gz
-sha256  be1af57fc409f93647f2e8e4573a142ed38724b8cdd389706a867bb4efcf1e78  setuptools-69.0.3.tar.gz
+md5  940ffdb3a2ce4f6a5ee80032aa115fc7  setuptools-69.2.0.tar.gz
+sha256  0ff4183f8f42cd8fa3acea16c45205521a4ef28f73c6391d8a25e92893134f2e  setuptools-69.2.0.tar.gz
 # Locally computed sha256 checksums
 sha256  86da0f01aeae46348a3c3d465195dc1ceccde79f79e87769a64b8da04b2a4741  LICENSE
diff --git a/package/python-setuptools/python-setuptools.mk b/package/python-setuptools/python-setuptools.mk
index 0aea3c6cfa..afc7348eb2 100644
--- a/package/python-setuptools/python-setuptools.mk
+++ b/package/python-setuptools/python-setuptools.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_SETUPTOOLS_VERSION = 69.0.3
+PYTHON_SETUPTOOLS_VERSION = 69.2.0
 PYTHON_SETUPTOOLS_SOURCE = setuptools-$(PYTHON_SETUPTOOLS_VERSION).tar.gz
-PYTHON_SETUPTOOLS_SITE = https://files.pythonhosted.org/packages/fc/c9/b146ca195403e0182a374e0ea4dbc69136bad3cd55bc293df496d625d0f7
+PYTHON_SETUPTOOLS_SITE = https://files.pythonhosted.org/packages/4d/5b/dc575711b6b8f2f866131a40d053e30e962e633b332acf7cd2c24843d83d
 PYTHON_SETUPTOOLS_LICENSE = MIT
 PYTHON_SETUPTOOLS_LICENSE_FILES = LICENSE
 PYTHON_SETUPTOOLS_CPE_ID_VENDOR = python