diff --git a/package/libiio/libiio.hash b/package/libiio/libiio.hash
index dd85ffa695..b0a901ca98 100644
--- a/package/libiio/libiio.hash
+++ b/package/libiio/libiio.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256 81c414d5c47b715d9bc9275b9fabbfd9e9483e60c035f3001b5977932049595d  libiio-0.19.tar.gz
+sha256 df1577740ea93dca732e7d7c04786600cb083117901dee793f3d38980754af00  libiio-0.23.tar.gz
 sha256 102900208eef27b766380135906d431dba87edaa7ec6aa72e6ebd3dd67f3a97b  COPYING.txt
diff --git a/package/libiio/libiio.mk b/package/libiio/libiio.mk
index af5b27ba5f..aec251e9a1 100644
--- a/package/libiio/libiio.mk
+++ b/package/libiio/libiio.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-LIBIIO_VERSION = 0.19
+LIBIIO_VERSION = 0.23
 LIBIIO_SITE = $(call github,analogdevicesinc,libiio,v$(LIBIIO_VERSION))
 LIBIIO_INSTALL_STAGING = YES
 LIBIIO_LICENSE = LGPL-2.1+
@@ -54,9 +54,19 @@ else
 LIBIIO_CONF_OPTS += -DWITH_IIOD_USBD=OFF
 endif
 
+ifeq ($(BR2_PACKAGE_LIBAIO),y)
+LIBIIO_DEPENDENCIES += libaio
+LIBIIO_CONF_OPTS += -DWITH_AIO=ON
+else
+LIBIIO_CONF_OPTS += -DWITH_AIO=OFF
+endif
+
 # Avahi support in libiio requires avahi-client, which needs avahi-daemon and dbus
 ifeq ($(BR2_PACKAGE_AVAHI_DAEMON)$(BR2_PACKAGE_DBUS),yy)
 LIBIIO_DEPENDENCIES += avahi
+LIBIIO_CONF_OPTS += -DHAVE_DNS_SD=ON
+else
+LIBIIO_CONF_OPTS += -DHAVE_DNS_SD=OFF
 endif
 
 ifeq ($(BR2_PACKAGE_LIBIIO_BINDINGS_PYTHON),y)