diff --git a/package/python-pymodbus/python-pymodbus.hash b/package/python-pymodbus/python-pymodbus.hash
index 37c44f6a06..7c8f352de4 100644
--- a/package/python-pymodbus/python-pymodbus.hash
+++ b/package/python-pymodbus/python-pymodbus.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/pymodbus/json
-md5  5201e93420b9ac9dc5e3e64a656101cc  pymodbus-3.6.9.tar.gz
-sha256  f4223b72c20cd00a2cf25f6ddb31ecb2c0587309111a55283b2f4a1ac115e4cc  pymodbus-3.6.9.tar.gz
+md5  3bdc2a574cbfd10ec6dddf38c3f26598  pymodbus-3.7.0.tar.gz
+sha256  5c772babaa61a65ff908293faa668aedcd9d9e10f4bcf5c77a8fe51a6fd9ed47  pymodbus-3.7.0.tar.gz
 # Locally computed sha256 checksums
 sha256  47f904249172e795a6b32de91f471073297befffd74e17cafc288d348a55972e  LICENSE
diff --git a/package/python-pymodbus/python-pymodbus.mk b/package/python-pymodbus/python-pymodbus.mk
index cba94896bb..6a7c384cf6 100644
--- a/package/python-pymodbus/python-pymodbus.mk
+++ b/package/python-pymodbus/python-pymodbus.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYMODBUS_VERSION = 3.6.9
+PYTHON_PYMODBUS_VERSION = 3.7.0
 PYTHON_PYMODBUS_SOURCE = pymodbus-$(PYTHON_PYMODBUS_VERSION).tar.gz
-PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/b4/a4/5322c8e3be3bb2db7ab3eb7c2160fd2ec325083d7e60a76cd9cc896dd7bd
+PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/cc/83/de0c3596f17ac4833f591e96cafee7ae6109d846d607387b48f88d66759a
 PYTHON_PYMODBUS_SETUP_TYPE = setuptools
 PYTHON_PYMODBUS_LICENSE = BSD-3-Clause
 PYTHON_PYMODBUS_LICENSE_FILES = LICENSE