diff --git a/package/wolfssl/wolfssl.hash b/package/wolfssl/wolfssl.hash
index f5a25fe980..05fee25b6b 100644
--- a/package/wolfssl/wolfssl.hash
+++ b/package/wolfssl/wolfssl.hash
@@ -1,5 +1,5 @@
 # Locally computed:
-sha256  053aefbb02d0b06b27c5e2df6875b4b587318755b7db9d6aa8d72206b310a848  wolfssl-4.6.0-stable.tar.gz
+sha256  b0e740b31d4d877d540ad50cc539a8873fc41af02bd3091c4357b403f7106e31  wolfssl-4.7.0-stable.tar.gz
 
 # Hash for license files:
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  COPYING
diff --git a/package/wolfssl/wolfssl.mk b/package/wolfssl/wolfssl.mk
index d66a1c2800..fe21ddcd4f 100644
--- a/package/wolfssl/wolfssl.mk
+++ b/package/wolfssl/wolfssl.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-WOLFSSL_VERSION = 4.6.0-stable
+WOLFSSL_VERSION = 4.7.0-stable
 WOLFSSL_SITE = $(call github,wolfSSL,wolfssl,v$(WOLFSSL_VERSION))
 WOLFSSL_INSTALL_STAGING = YES