diff --git a/package/python-esptool/python-esptool.hash b/package/python-esptool/python-esptool.hash
index 6eab790901..af517e0844 100644
--- a/package/python-esptool/python-esptool.hash
+++ b/package/python-esptool/python-esptool.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/esptool/json
-md5  c7d41d4c89ffa0fa0a9d490439358b27  esptool-4.8.1.tar.gz
-sha256  dc4ef26b659e1a8dcb019147c0ea6d94980b34de99fbe09121c7941c8b254531  esptool-4.8.1.tar.gz
+md5  fc9cea4910ecfb6fbbb2942e44c835bd  esptool-5.1.0.tar.gz
+sha256  2ea9bcd7eb263d380a4fe0170856a10e4c65e3f38c757ebdc73584c8dd8322da  esptool-5.1.0.tar.gz
 # Locally computed sha256 checksums
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  LICENSE
diff --git a/package/python-esptool/python-esptool.mk b/package/python-esptool/python-esptool.mk
index a4922c1e5b..eda9d024c6 100644
--- a/package/python-esptool/python-esptool.mk
+++ b/package/python-esptool/python-esptool.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_ESPTOOL_VERSION = 4.8.1
+PYTHON_ESPTOOL_VERSION = 5.1.0
 PYTHON_ESPTOOL_SOURCE = esptool-$(PYTHON_ESPTOOL_VERSION).tar.gz
-PYTHON_ESPTOOL_SITE = https://files.pythonhosted.org/packages/5c/6b/3ce9bb7f36bdef3d6ae71646a1d3b7d59826a478f3ed8a783a93a2f8f537
+PYTHON_ESPTOOL_SITE = https://files.pythonhosted.org/packages/c2/03/d7d79a77dd787dbe6029809c5f81ad88912340a131c88075189f40df3aba
 PYTHON_ESPTOOL_SETUP_TYPE = setuptools
 PYTHON_ESPTOOL_LICENSE = GPL-2.0+
 PYTHON_ESPTOOL_LICENSE_FILES = LICENSE