diff --git a/package/python3/python3.hash b/package/python3/python3.hash
index 4c03293dd1..d829fb9713 100644
--- a/package/python3/python3.hash
+++ b/package/python3/python3.hash
@@ -1,5 +1,5 @@
-# From https://www.python.org/downloads/release/python-386/
-md5  69e73c49eeb1a853cefd26d18c9d069d  Python-3.8.6.tar.xz
+# From https://www.python.org/downloads/release/python-387/
+md5  60fe018fffc7f33818e6c340d29e2db9  Python-3.8.7.tar.xz
 # Locally computed
-sha256  a9e0b79d27aa056eb9cce8d63a427b5f9bab1465dee3f942dcfdb25a82f4ab8a  Python-3.8.6.tar.xz
+sha256  ddcc1df16bb5b87aa42ec5d20a5b902f2d088caa269b28e01590f97a798ec50a  Python-3.8.7.tar.xz
 sha256  1dceef1677a39befa8bf0285ab2db441ba117520bb2de839547ace006a17750d  LICENSE
diff --git a/package/python3/python3.mk b/package/python3/python3.mk
index 1a2edc6471..6675f84042 100644
--- a/package/python3/python3.mk
+++ b/package/python3/python3.mk
@@ -5,7 +5,7 @@
 ################################################################################
 
 PYTHON3_VERSION_MAJOR = 3.8
-PYTHON3_VERSION = $(PYTHON3_VERSION_MAJOR).6
+PYTHON3_VERSION = $(PYTHON3_VERSION_MAJOR).7
 PYTHON3_SOURCE = Python-$(PYTHON3_VERSION).tar.xz
 PYTHON3_SITE = https://python.org/ftp/python/$(PYTHON3_VERSION)
 PYTHON3_LICENSE = Python-2.0, others