diff --git a/package/mtools/mtools.hash b/package/mtools/mtools.hash
index c37d4df456..5d1bca486f 100644
--- a/package/mtools/mtools.hash
+++ b/package/mtools/mtools.hash
@@ -1,5 +1,5 @@
 # Locally calculated after checking pgp signature
-sha256  78ac74b2d1cae77bb2da29461a13ed862ff6b7c1289d5bf80fdb09e039c2c48f  mtools-4.0.36.tar.lz
+sha256  f4dd1fb4b4d72f344f7efcfb05219de3882c6c6fce678d75e7cfb29ca162c7ca  mtools-4.0.37.tar.lz
 
 # Locally calculated
 sha256  8ceb4b9ee5adedde47b31e975c1d90c73ad27b6b165a1dcd80c7c545eb65b903  COPYING
diff --git a/package/mtools/mtools.mk b/package/mtools/mtools.mk
index 4908c3fa2f..f73fd5d231 100644
--- a/package/mtools/mtools.mk
+++ b/package/mtools/mtools.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-MTOOLS_VERSION = 4.0.36
+MTOOLS_VERSION = 4.0.37
 MTOOLS_SOURCE = mtools-$(MTOOLS_VERSION).tar.lz
 MTOOLS_SITE = $(BR2_GNU_MIRROR)/mtools
 MTOOLS_LICENSE = GPL-3.0+