diff --git a/package/python-pyelftools/python-pyelftools.hash b/package/python-pyelftools/python-pyelftools.hash
index 70af8104b9..0c848cdca6 100644
--- a/package/python-pyelftools/python-pyelftools.hash
+++ b/package/python-pyelftools/python-pyelftools.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/pyelftools/json
-md5  2b4f82fd30436834b9357a5e74b8ceb7  pyelftools-0.30.tar.gz
-sha256  2fc92b0d534f8b081f58c7c370967379123d8e00984deb53c209364efd575b40  pyelftools-0.30.tar.gz
+md5  abd09b11e10bf32bfa6cf968b7a41e57  pyelftools-0.31.tar.gz
+sha256  c774416b10310156879443b81187d182d8d9ee499660380e645918b50bc88f99  pyelftools-0.31.tar.gz
 # Locally computed sha256 checksums
 sha256  ae18bf4cb82f92af7547259177bc28bc48e4fc732518bcedfe690226288d3445  LICENSE
diff --git a/package/python-pyelftools/python-pyelftools.mk b/package/python-pyelftools/python-pyelftools.mk
index 0e52c0b885..9c46419e41 100644
--- a/package/python-pyelftools/python-pyelftools.mk
+++ b/package/python-pyelftools/python-pyelftools.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYELFTOOLS_VERSION = 0.30
+PYTHON_PYELFTOOLS_VERSION = 0.31
 PYTHON_PYELFTOOLS_SOURCE = pyelftools-$(PYTHON_PYELFTOOLS_VERSION).tar.gz
-PYTHON_PYELFTOOLS_SITE = https://files.pythonhosted.org/packages/84/05/fd41cd647de044d1ffec90ce5aaae935126ac217f8ecb302186655284fc8
+PYTHON_PYELFTOOLS_SITE = https://files.pythonhosted.org/packages/88/56/0f2d69ed9a0060da009f672ddec8a71c041d098a66f6b1d80264bf6bbdc0
 PYTHON_PYELFTOOLS_LICENSE = Public domain
 PYTHON_PYELFTOOLS_LICENSE_FILES = LICENSE
 PYTHON_PYELFTOOLS_SETUP_TYPE = setuptools