diff --git a/package/python-oauthlib/python-oauthlib.hash b/package/python-oauthlib/python-oauthlib.hash
index 5ee9a0ce05..5540760118 100644
--- a/package/python-oauthlib/python-oauthlib.hash
+++ b/package/python-oauthlib/python-oauthlib.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/oauthlib/json
-md5  856bc51662afb26ac58b1d7742606b2e  oauthlib-3.3.1.tar.gz
-sha256  0f0f8aa759826a193cf66c12ea1af1637f87b9b4622d46e866952bb022e538c9  oauthlib-3.3.1.tar.gz
+md5  f1eb96f8a4257d715ec8af21a217a0c8  oauthlib-4.0.0.tar.gz
+sha256  efb274799819440f95b4ab3b818869f1ce9ae26c5beacba0201d1a1b76b54f86  oauthlib-4.0.0.tar.gz
 # Locally computed sha256 checksums
 sha256  0028aa4763a8a0b09ca4c68d585263474cf9aaa6ec69ffbef3a31a9eccdd3b91  LICENSE
diff --git a/package/python-oauthlib/python-oauthlib.mk b/package/python-oauthlib/python-oauthlib.mk
index bbf59acedb..d001fcd071 100644
--- a/package/python-oauthlib/python-oauthlib.mk
+++ b/package/python-oauthlib/python-oauthlib.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_OAUTHLIB_VERSION = 3.3.1
+PYTHON_OAUTHLIB_VERSION = 4.0.0
 PYTHON_OAUTHLIB_SOURCE = oauthlib-$(PYTHON_OAUTHLIB_VERSION).tar.gz
-PYTHON_OAUTHLIB_SITE = https://files.pythonhosted.org/packages/0b/5f/19930f824ffeb0ad4372da4812c50edbd1434f678c90c2733e1188edfc63
+PYTHON_OAUTHLIB_SITE = https://files.pythonhosted.org/packages/7a/d8/a1bcc8ba112a627f8ffbdc212a78ce18d3ac07e91a5ca65d27918eee25a1
 PYTHON_OAUTHLIB_SETUP_TYPE = setuptools
 PYTHON_OAUTHLIB_LICENSE = BSD-3-Clause
 PYTHON_OAUTHLIB_LICENSE_FILES = LICENSE