diff --git a/package/valgrind/valgrind.hash b/package/valgrind/valgrind.hash
index 83717f26f3..d406babe35 100644
--- a/package/valgrind/valgrind.hash
+++ b/package/valgrind/valgrind.hash
@@ -1,7 +1,7 @@
 # From https://valgrind.org/downloads/current.html
-md5  e3ca8e03c6c527e80e7da5135a1b6beb  valgrind-3.20.0.tar.bz2
+sha1  817d769743d278b5d07526e85115082054e9bf9c  valgrind-3.21.0.tar.bz2
 # locally computed
-sha256  8536c031dbe078d342f121fa881a9ecd205cb5a78e639005ad570011bdb9f3c6  valgrind-3.20.0.tar.bz2
+sha256  10ce1618bb3e33fad16eb79552b0a3e1211762448a0d7fce11c8a6243b9ac971  valgrind-3.21.0.tar.bz2
 
 # License files
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  COPYING
diff --git a/package/valgrind/valgrind.mk b/package/valgrind/valgrind.mk
index 98beb7ffef..4c4c3ce543 100644
--- a/package/valgrind/valgrind.mk
+++ b/package/valgrind/valgrind.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-VALGRIND_VERSION = 3.20.0
+VALGRIND_VERSION = 3.21.0
 VALGRIND_SITE = https://sourceware.org/pub/valgrind
 VALGRIND_SOURCE = valgrind-$(VALGRIND_VERSION).tar.bz2
 VALGRIND_LICENSE = GPL-2.0, GFDL-1.2