diff --git a/package/python-esptool/Config.in b/package/python-esptool/Config.in
index 4099957971..5095454aa1 100644
--- a/package/python-esptool/Config.in
+++ b/package/python-esptool/Config.in
@@ -1,6 +1,7 @@
 config BR2_PACKAGE_PYTHON_ESPTOOL
 	bool "python-esptool"
 	depends on BR2_PACKAGE_HOST_RUSTC_TARGET_ARCH_SUPPORTS # python-cryptography
+	select BR2_PACKAGE_PYTHON_ARGCOMPLETE # runtime
 	select BR2_PACKAGE_PYTHON_BITSTRING # runtime
 	select BR2_PACKAGE_PYTHON_CRYPTOGRAPHY # runtime
 	select BR2_PACKAGE_PYTHON_ECDSA # runtime
diff --git a/package/python-esptool/python-esptool.hash b/package/python-esptool/python-esptool.hash
index 490b4e7e9c..0a60fd7235 100644
--- a/package/python-esptool/python-esptool.hash
+++ b/package/python-esptool/python-esptool.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/esptool/json
-md5  e7f2012cf31cd23f60049b179fb3b53a  esptool-4.7.0.tar.gz
-sha256  01454e69e1ef3601215db83ff2cb1fc79ece67d24b0e5d43d451b410447c4893  esptool-4.7.0.tar.gz
+md5  4bcb7f6f3d2c9b4edb4caa09912f1dfe  esptool-4.8.0.tar.gz
+sha256  f933150b5753e7501024e4d237fe078a77913a0cb7e2f08197ef8d70306b1b53  esptool-4.8.0.tar.gz
 # Locally computed sha256 checksums
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  LICENSE
diff --git a/package/python-esptool/python-esptool.mk b/package/python-esptool/python-esptool.mk
index 648748237d..df19daf61e 100644
--- a/package/python-esptool/python-esptool.mk
+++ b/package/python-esptool/python-esptool.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_ESPTOOL_VERSION = 4.7.0
+PYTHON_ESPTOOL_VERSION = 4.8.0
 PYTHON_ESPTOOL_SOURCE = esptool-$(PYTHON_ESPTOOL_VERSION).tar.gz
-PYTHON_ESPTOOL_SITE = https://files.pythonhosted.org/packages/1b/8b/f0d1e75879dee053874a4f955ed1e9ad97275485f51cb4bc2cb4e9b24479
+PYTHON_ESPTOOL_SITE = https://files.pythonhosted.org/packages/d4/c7/b7e4b96a0e7d9b94fe953e1b55b3573bec498bac05f72e61e5a0e979e2c7
 PYTHON_ESPTOOL_SETUP_TYPE = setuptools
 PYTHON_ESPTOOL_LICENSE = GPL-2.0+
 PYTHON_ESPTOOL_LICENSE_FILES = LICENSE