diff --git a/package/trace-cmd/Config.in b/package/trace-cmd/Config.in
index 2d0accd7ae..00b9ebbd9a 100644
--- a/package/trace-cmd/Config.in
+++ b/package/trace-cmd/Config.in
@@ -4,6 +4,8 @@ config BR2_PACKAGE_TRACE_CMD
 	depends on BR2_TOOLCHAIN_HAS_THREADS_NPTL
 	depends on BR2_USE_MMU # fork()
 	depends on !BR2_STATIC_LIBS # dlopen()
+	select BR2_PACKAGE_LIBTRACEEVENT
+	select BR2_PACKAGE_LIBTRACEFS
 	help
 	  Command line reader for ftrace.
 
diff --git a/package/trace-cmd/trace-cmd.hash b/package/trace-cmd/trace-cmd.hash
index 4d39e4d5ea..6edcaf0e1c 100644
--- a/package/trace-cmd/trace-cmd.hash
+++ b/package/trace-cmd/trace-cmd.hash
@@ -1,5 +1,5 @@
 # Locally computed
-sha256  a74d9ade2633b88d0ad199360d51996427e23f4835594133e456cd6e3bd3a651  trace-cmd-v2.9.7.tar.gz
+sha256  e496d41e599f8ef3c9a74675da05f86be0d8d48d524f0182c73ab98cd16da0b0  trace-cmd-v3.1.7.tar.gz
 sha256  b1d04b850c1c7471b0f0896f6c6f0fcfc9f07e2dd183a5f5826af269fe9e88fb  COPYING
 sha256  70f297763149e72306919c924e164f83041d5e512868d4c8c1826c171b3e49f9  COPYING.LIB
 sha256  f6b78c087c3ebdf0f3c13415070dd480a3f35d8fc76f3d02180a407c1c812f79  LICENSES/GPL-2.0
diff --git a/package/trace-cmd/trace-cmd.mk b/package/trace-cmd/trace-cmd.mk
index 52bb99036c..ab8e9149f7 100644
--- a/package/trace-cmd/trace-cmd.mk
+++ b/package/trace-cmd/trace-cmd.mk
@@ -4,14 +4,14 @@
 #
 ################################################################################
 
-TRACE_CMD_VERSION = 2.9.7
+TRACE_CMD_VERSION = 3.1.7
 TRACE_CMD_SOURCE = trace-cmd-v$(TRACE_CMD_VERSION).tar.gz
 TRACE_CMD_SITE = \
 	https://git.kernel.org/pub/scm/utils/trace-cmd/trace-cmd.git/snapshot
 TRACE_CMD_LICENSE = GPL-2.0, LGPL-2.1
 TRACE_CMD_LICENSE_FILES = COPYING COPYING.LIB LICENSES/GPL-2.0 LICENSES/LGPL-2.1
 
-TRACE_CMD_DEPENDENCIES = host-pkgconf
+TRACE_CMD_DEPENDENCIES = host-pkgconf libtraceevent libtracefs
 TRACE_CMD_MAKE_OPTS = prefix=/usr etcdir=/etc
 
 ifeq ($(BR2_PACKAGE_AUDIT),y)
@@ -34,6 +34,8 @@ ifeq ($(BR2_sparc64),y)
 TRACE_CMD_CFLAGS += -fPIC
 endif
 
+TRACE_CMD_CFLAGS += $($(HOST_DIR)/bin/pkg-config --cflags libtracefs)
+
 # trace-cmd use CPPFLAGS to add some extra flags.
 # But like for CFLAGS, $(TARGET_CPPFLAGS) contains _LARGEFILE64_SOURCE
 # that causes build problems.