diff --git a/package/python-markdown/python-markdown.hash b/package/python-markdown/python-markdown.hash
index 6eff2035bb..4d54ce9243 100644
--- a/package/python-markdown/python-markdown.hash
+++ b/package/python-markdown/python-markdown.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/markdown/json
-md5	d84732ecc65b3a1bff693d9d4c24277f  Markdown-3.1.1.tar.gz
-sha256	2e50876bcdd74517e7b71f3e7a76102050edec255b3983403f1a63e7c8a41e7a  Markdown-3.1.1.tar.gz
+md5  7a894dc55992b37cdbcba5c4049455fc  Markdown-3.2.1.tar.gz
+sha256  90fee683eeabe1a92e149f7ba74e5ccdc81cd397bd6c516d93a8da0ef90b6902  Markdown-3.2.1.tar.gz
 # Locally computed sha256
-sha256	6f1193cb634718e65c3a537d6e25ebd614820ec0ef693cfc12248112638d64da  LICENSE.md
+sha256  6f1193cb634718e65c3a537d6e25ebd614820ec0ef693cfc12248112638d64da  LICENSE.md
diff --git a/package/python-markdown/python-markdown.mk b/package/python-markdown/python-markdown.mk
index a8311168f5..1f352fd7f1 100644
--- a/package/python-markdown/python-markdown.mk
+++ b/package/python-markdown/python-markdown.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_MARKDOWN_VERSION = 3.1.1
+PYTHON_MARKDOWN_VERSION = 3.2.1
 PYTHON_MARKDOWN_SOURCE = Markdown-$(PYTHON_MARKDOWN_VERSION).tar.gz
-PYTHON_MARKDOWN_SITE = https://files.pythonhosted.org/packages/ac/df/0ae25a9fd5bb528fe3c65af7143708160aa3b47970d5272003a1ad5c03c6
+PYTHON_MARKDOWN_SITE = https://files.pythonhosted.org/packages/98/79/ce6984767cb9478e6818bd0994283db55c423d733cc62a88a3ffb8581e11
 PYTHON_MARKDOWN_LICENSE = BSD-3-Clause
 PYTHON_MARKDOWN_LICENSE_FILES = LICENSE.md
 PYTHON_MARKDOWN_SETUP_TYPE = setuptools