diff --git a/package/wolfssl/wolfssl.hash b/package/wolfssl/wolfssl.hash
index 01b21596e7..f1401e4cda 100644
--- a/package/wolfssl/wolfssl.hash
+++ b/package/wolfssl/wolfssl.hash
@@ -1,5 +1,5 @@
 # Locally computed:
-sha256  dc36cc19dad197253e5c2ecaa490c7eef579ad448706e55d73d79396e814098b  wolfssl-5.4.0.tar.gz
+sha256  c34b74b5f689fac7becb05583b044e84d3b10d39f38709f0095dd5d423ded67f  wolfssl-5.5.0.tar.gz
 
 # Hash for license files:
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  COPYING
diff --git a/package/wolfssl/wolfssl.mk b/package/wolfssl/wolfssl.mk
index 536fd863fe..ca360312c9 100644
--- a/package/wolfssl/wolfssl.mk
+++ b/package/wolfssl/wolfssl.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-WOLFSSL_VERSION = 5.4.0
+WOLFSSL_VERSION = 5.5.0
 WOLFSSL_SITE = $(call github,wolfSSL,wolfssl,v$(WOLFSSL_VERSION)-stable)
 WOLFSSL_INSTALL_STAGING = YES