diff --git a/package/lvm2/lvm2.hash b/package/lvm2/lvm2.hash
index 1abaeb0497..8492c150cd 100644
--- a/package/lvm2/lvm2.hash
+++ b/package/lvm2/lvm2.hash
@@ -1,5 +1,6 @@
 # From https://sourceware.org/ftp/lvm2/sha512.sum
-sha512  02607797f067b2b26d615b9a182ad70017e61d436e3866acf820a04154e503fb59114e9a4540a273d9f570d0337332ca995fb3be83c11eadaca53c1b826eb810  LVM2.2.03.27.tgz
+sha512  254131e28b22d55531d211886afbfdc219e77a4df802e3ec9b66d889ff22bf6d0a6c2df9c5ff017592d92e1dce0f658a6628fb321c1e90152ff7257492218242  LVM2.2.03.31.tgz
+
 # Locally computed sha256 checksums
 sha256  e76fbcd2fb97cf202da330301327754d2db5c58b5b4bebd3a8a749393e7603d1  COPYING
 sha256  5df07007198989c622f5d41de8d703e7bef3d0e79d62e24332ee739a452af62a  COPYING.LIB
diff --git a/package/lvm2/lvm2.mk b/package/lvm2/lvm2.mk
index 2fc24be60e..3a1dded55f 100644
--- a/package/lvm2/lvm2.mk
+++ b/package/lvm2/lvm2.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-LVM2_VERSION = 2.03.27
+LVM2_VERSION = 2.03.31
 LVM2_SOURCE = LVM2.$(LVM2_VERSION).tgz
 LVM2_SITE = https://sourceware.org/ftp/lvm2
 LVM2_INSTALL_STAGING = YES