diff --git a/package/python-pyjwt/python-pyjwt.hash b/package/python-pyjwt/python-pyjwt.hash
index 5ea6c0cd50..d51df02be1 100644
--- a/package/python-pyjwt/python-pyjwt.hash
+++ b/package/python-pyjwt/python-pyjwt.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/PyJWT/json
-md5  60cf2d463157bf21eb37be0430521036  PyJWT-2.3.0.tar.gz
-sha256  b888b4d56f06f6dcd777210c334e69c737be74755d3e5e9ee3fe67dc18a0ee41  PyJWT-2.3.0.tar.gz
+md5  665f444d7805e36826bb09ce6434e73a  PyJWT-2.4.0.tar.gz
+sha256  d42908208c699b3b973cbeb01a969ba6a96c821eefb1c5bfe4c390c01d67abba  PyJWT-2.4.0.tar.gz
 # Locally computed sha256 checksums
-sha256  ec82af815b5f9da8685afb300cc5beb7949e1c22b79b6c1c054796cefdf6cac6  LICENSE
+sha256  797a7a20231d4c433e9f1911db1731d06b5828b98f499819a034f7c0f56f5ce5  LICENSE
diff --git a/package/python-pyjwt/python-pyjwt.mk b/package/python-pyjwt/python-pyjwt.mk
index ba8130e7ca..53cc50b650 100644
--- a/package/python-pyjwt/python-pyjwt.mk
+++ b/package/python-pyjwt/python-pyjwt.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYJWT_VERSION = 2.3.0
+PYTHON_PYJWT_VERSION = 2.4.0
 PYTHON_PYJWT_SOURCE = PyJWT-$(PYTHON_PYJWT_VERSION).tar.gz
-PYTHON_PYJWT_SITE = https://files.pythonhosted.org/packages/1d/8e/01bdcfdbb352daaba8ea406d9df149c5bba7dbf70f908d4fa4c269fe6a08
+PYTHON_PYJWT_SITE = https://files.pythonhosted.org/packages/d8/6b/6287745054dbcccf75903630346be77d4715c594402cec7c2518032416c2
 PYTHON_PYJWT_SETUP_TYPE = setuptools
 PYTHON_PYJWT_LICENSE = MIT
 PYTHON_PYJWT_LICENSE_FILES = LICENSE