diff --git a/package/wolfssl/wolfssl.hash b/package/wolfssl/wolfssl.hash
index 05fee25b6b..9896713ca7 100644
--- a/package/wolfssl/wolfssl.hash
+++ b/package/wolfssl/wolfssl.hash
@@ -1,5 +1,5 @@
 # Locally computed:
-sha256  b0e740b31d4d877d540ad50cc539a8873fc41af02bd3091c4357b403f7106e31  wolfssl-4.7.0-stable.tar.gz
+sha256  50db45f348f47e00c93dd244c24108220120cb3cc9d01434789229c32937c444  wolfssl-4.8.1-stable.tar.gz
 
 # Hash for license files:
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  COPYING
diff --git a/package/wolfssl/wolfssl.mk b/package/wolfssl/wolfssl.mk
index fe21ddcd4f..d3dce0a401 100644
--- a/package/wolfssl/wolfssl.mk
+++ b/package/wolfssl/wolfssl.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-WOLFSSL_VERSION = 4.7.0-stable
+WOLFSSL_VERSION = 4.8.1-stable
 WOLFSSL_SITE = $(call github,wolfSSL,wolfssl,v$(WOLFSSL_VERSION))
 WOLFSSL_INSTALL_STAGING = YES