diff --git a/package/python-async-timeout/python-async-timeout.hash b/package/python-async-timeout/python-async-timeout.hash
index 0ecf1ef5ae..d46489396f 100644
--- a/package/python-async-timeout/python-async-timeout.hash
+++ b/package/python-async-timeout/python-async-timeout.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/async-timeout/json
-md5  10571272b2e0fab839ec23f8293bf482  async-timeout-4.0.2.tar.gz
-sha256  2163e1640ddb52b7a8c80d0a67a08587e5d245cc9c553a74a847056bc2976b15  async-timeout-4.0.2.tar.gz
+md5  9bf7b764a7310cb063c1c261c21342e4  async-timeout-4.0.3.tar.gz
+sha256  4640d96be84d82d02ed59ea2b7105a0f7b33abe8703703cd0ab0bf87c427522f  async-timeout-4.0.3.tar.gz
 # Locally computed sha256 checksums
 sha256  e18d7bb8f513e2c46bb585c94b585bd30720dd3ccb21ddb0786f72d16658f92c  LICENSE
diff --git a/package/python-async-timeout/python-async-timeout.mk b/package/python-async-timeout/python-async-timeout.mk
index b3c5f79e45..9760b8ae25 100644
--- a/package/python-async-timeout/python-async-timeout.mk
+++ b/package/python-async-timeout/python-async-timeout.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_ASYNC_TIMEOUT_VERSION = 4.0.2
+PYTHON_ASYNC_TIMEOUT_VERSION = 4.0.3
 PYTHON_ASYNC_TIMEOUT_SOURCE = async-timeout-$(PYTHON_ASYNC_TIMEOUT_VERSION).tar.gz
-PYTHON_ASYNC_TIMEOUT_SITE = https://files.pythonhosted.org/packages/54/6e/9678f7b2993537452710ffb1750c62d2c26df438aa621ad5fa9d1507a43a
+PYTHON_ASYNC_TIMEOUT_SITE = https://files.pythonhosted.org/packages/87/d6/21b30a550dafea84b1b8eee21b5e23fa16d010ae006011221f33dcd8d7f8
 PYTHON_ASYNC_TIMEOUT_LICENSE = Apache-2.0
 PYTHON_ASYNC_TIMEOUT_LICENSE_FILES = LICENSE
 PYTHON_ASYNC_TIMEOUT_SETUP_TYPE = setuptools