diff --git a/package/ipset/ipset.hash b/package/ipset/ipset.hash
index fb9b8c40d2..7be4b368c2 100644
--- a/package/ipset/ipset.hash
+++ b/package/ipset/ipset.hash
@@ -1,4 +1,4 @@
-# From https://ipset.netfilter.org/ipset-7.16.tar.bz2.sha512sum.txt
-sha512  e69ddee956f0922c8e08e7e5d358d6b5b24178a9f08151b20957cc3465baaba9ecd6aa938ae157f2cd286ccd7f0b7a279cfd89cec2393a00b43e4d945c275307  ipset-7.16.tar.bz2
+# From https://ipset.netfilter.org/ipset-7.23.tar.bz2.sha512sum.txt
+sha512  5a43c790abf157a55db5a9a22cb5f28a225f5c7969beda81566a2259aa82c9d852979eb805b11b4347f47c6a0c2cc4de6f14e4733bee5b562844422a45fb9dab  ipset-7.23.tar.bz2
 # Locally calculated
 sha256  231f7edcc7352d7734a96eef0b8030f77982678c516876fcb81e25b32d68564c  COPYING
diff --git a/package/ipset/ipset.mk b/package/ipset/ipset.mk
index 9832d8fd30..ba53c1f8bd 100644
--- a/package/ipset/ipset.mk
+++ b/package/ipset/ipset.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-IPSET_VERSION = 7.16
+IPSET_VERSION = 7.23
 IPSET_SOURCE = ipset-$(IPSET_VERSION).tar.bz2
 IPSET_SITE = http://ipset.netfilter.org
 IPSET_DEPENDENCIES = libmnl host-pkgconf