diff --git a/package/python-fonttools/python-fonttools.hash b/package/python-fonttools/python-fonttools.hash
index df0bdf980d..077b60a8bd 100644
--- a/package/python-fonttools/python-fonttools.hash
+++ b/package/python-fonttools/python-fonttools.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/fonttools/json
-md5  7fc490291991da874911fed1e743362d  fonttools-4.29.1.zip
-sha256  2b18a172120e32128a80efee04cff487d5d140fe7d817deb648b2eee023a40e4  fonttools-4.29.1.zip
+md5  be2db6ae923a9b369a3739ed5bdf0fcf  fonttools-4.32.0.zip
+sha256  59a90de72149893167e3d552ae2402c6874e006b9adc3feaf5f6d706fe20d392  fonttools-4.32.0.zip
 # Locally computed sha256 checksums
 sha256  6787208f83f659ccbc2223b2fde952ffa6f7e8aca62f1a8a2bf5bc51bb1b2383  LICENSE
diff --git a/package/python-fonttools/python-fonttools.mk b/package/python-fonttools/python-fonttools.mk
index c07011daa0..28d4f4b52f 100644
--- a/package/python-fonttools/python-fonttools.mk
+++ b/package/python-fonttools/python-fonttools.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_FONTTOOLS_VERSION = 4.29.1
+PYTHON_FONTTOOLS_VERSION = 4.32.0
 PYTHON_FONTTOOLS_SOURCE = fonttools-$(PYTHON_FONTTOOLS_VERSION).zip
-PYTHON_FONTTOOLS_SITE = https://files.pythonhosted.org/packages/2d/4c/49ba863863502bb9fea19d8bd04a527da336b4a2698c8a0c7129e9cc2716
+PYTHON_FONTTOOLS_SITE = https://files.pythonhosted.org/packages/88/27/418ac6f1b85856608df81fe6e72fbb85929d7b904540056f3061e27bba04
 PYTHON_FONTTOOLS_SETUP_TYPE = setuptools
 PYTHON_FONTTOOLS_LICENSE = MIT
 PYTHON_FONTTOOLS_LICENSE_FILES = LICENSE