diff --git a/package/python-pymodbus/python-pymodbus.hash b/package/python-pymodbus/python-pymodbus.hash
index 8be892f221..38d921229b 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  60f37920f3fe9c178dad2d618d4c7794  pymodbus-3.8.3.tar.gz
-sha256  d886186bf7c3cc140f17e830919c23e4cc88334fbb91d6e5e1d7dd05860fe2c8  pymodbus-3.8.3.tar.gz
+md5  af760b61450c670a280c098e3484635d  pymodbus-3.8.6.tar.gz
+sha256  7689b56cc3ad05a594e1486e772abb9d9646c01737935df492db04455680baf6  pymodbus-3.8.6.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 e21c5c6a90..ff5a8eb725 100644
--- a/package/python-pymodbus/python-pymodbus.mk
+++ b/package/python-pymodbus/python-pymodbus.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYMODBUS_VERSION = 3.8.3
+PYTHON_PYMODBUS_VERSION = 3.8.6
 PYTHON_PYMODBUS_SOURCE = pymodbus-$(PYTHON_PYMODBUS_VERSION).tar.gz
-PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/f7/c7/95ad9774e7ba8547f52d657b09fee7fa02d87532866f561c6d2bb9068b8c
+PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/47/3a/a6958507d6f9c0c50f11cd299b056161c10f3cef7c227b44bc183a7e7854
 PYTHON_PYMODBUS_SETUP_TYPE = setuptools
 PYTHON_PYMODBUS_LICENSE = BSD-3-Clause
 PYTHON_PYMODBUS_LICENSE_FILES = LICENSE