diff --git a/package/wolfssl/wolfssl.hash b/package/wolfssl/wolfssl.hash
index 63eebf93bb..01b21596e7 100644
--- a/package/wolfssl/wolfssl.hash
+++ b/package/wolfssl/wolfssl.hash
@@ -1,5 +1,5 @@
 # Locally computed:
-sha256  409b4646c5f54f642de0e9f3544c3b83de7238134f5b1ff93fb44527bf119d05  wolfssl-5.2.0.tar.gz
+sha256  dc36cc19dad197253e5c2ecaa490c7eef579ad448706e55d73d79396e814098b  wolfssl-5.4.0.tar.gz
 
 # Hash for license files:
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  COPYING
diff --git a/package/wolfssl/wolfssl.mk b/package/wolfssl/wolfssl.mk
index 58b6f296ab..536fd863fe 100644
--- a/package/wolfssl/wolfssl.mk
+++ b/package/wolfssl/wolfssl.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-WOLFSSL_VERSION = 5.2.0
+WOLFSSL_VERSION = 5.4.0
 WOLFSSL_SITE = $(call github,wolfSSL,wolfssl,v$(WOLFSSL_VERSION)-stable)
 WOLFSSL_INSTALL_STAGING = YES