diff --git a/package/mtools/mtools.hash b/package/mtools/mtools.hash
index 0cad06ce58..1a10afdbeb 100644
--- a/package/mtools/mtools.hash
+++ b/package/mtools/mtools.hash
@@ -1,5 +1,5 @@
 # Locally calculated after checking pgp signature
-sha256  32ca85dfc1674c536143d4e0da60e3134039eb9552e0fecfa110e9c8736093ce  mtools-4.0.45.tar.lz
+sha256  8241b370d2337968c1d1314cbdbd5d5d188ddc905f2eb1198373a2bd90c70fab  mtools-4.0.46.tar.lz
 
 # Locally calculated
 sha256  8ceb4b9ee5adedde47b31e975c1d90c73ad27b6b165a1dcd80c7c545eb65b903  COPYING
diff --git a/package/mtools/mtools.mk b/package/mtools/mtools.mk
index 7089af339e..1e98880058 100644
--- a/package/mtools/mtools.mk
+++ b/package/mtools/mtools.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-MTOOLS_VERSION = 4.0.45
+MTOOLS_VERSION = 4.0.46
 MTOOLS_SOURCE = mtools-$(MTOOLS_VERSION).tar.lz
 MTOOLS_SITE = $(BR2_GNU_MIRROR)/mtools
 MTOOLS_LICENSE = GPL-3.0+