diff --git a/package/wolftpm/wolftpm.hash b/package/wolftpm/wolftpm.hash
index 3329528095..33d0aa2414 100644
--- a/package/wolftpm/wolftpm.hash
+++ b/package/wolftpm/wolftpm.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256  d8e06e77893f104be7eb9421cac50518552ad9c5fc7fe8a9c1cdfaf4f11b92df  wolftpm-2.7.0.tar.gz
+sha256  b4f6c090cad7fdbd4fd976f1bd8f271694669459b240fa14bec60a89b749dc1b  wolftpm-3.1.0.tar.gz
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  LICENSE
diff --git a/package/wolftpm/wolftpm.mk b/package/wolftpm/wolftpm.mk
index db332712f5..4d1d459801 100644
--- a/package/wolftpm/wolftpm.mk
+++ b/package/wolftpm/wolftpm.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-WOLFTPM_VERSION = 2.7.0
+WOLFTPM_VERSION = 3.1.0
 WOLFTPM_SITE = $(call github,wolfSSL,wolfTPM,v$(WOLFTPM_VERSION))
 WOLFTPM_INSTALL_STAGING = YES
 WOLFTPM_LICENSE = GPL-2.0+