diff --git a/package/python-aiojobs/Config.in b/package/python-aiojobs/Config.in
index 2dc4f3f955..0cdd1c106f 100644
--- a/package/python-aiojobs/Config.in
+++ b/package/python-aiojobs/Config.in
@@ -1,6 +1,5 @@
 config BR2_PACKAGE_PYTHON_AIOJOBS
 	bool "python-aiojobs"
-	select BR2_PACKAGE_PYTHON_ASYNC_TIMEOUT # runtime
 	help
 	  Jobs scheduler for managing background task (asyncio).
 
diff --git a/package/python-aiojobs/python-aiojobs.hash b/package/python-aiojobs/python-aiojobs.hash
index 8920e3aecd..baaa61b331 100644
--- a/package/python-aiojobs/python-aiojobs.hash
+++ b/package/python-aiojobs/python-aiojobs.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/aiojobs/json
-md5  529a4367f9bc63a482a2962ba54bfd51  aiojobs-1.2.0.tar.gz
-sha256  a4bcfb6a2d21ad08dea904e9f73040b37657d0c33cc8d77e683e47de5fcf0b12  aiojobs-1.2.0.tar.gz
+md5  d4742018c2188147f1efa41645b5758b  aiojobs-1.2.1.tar.gz
+sha256  59d6e7ad7829e9d0f73bfceeae28153b541be6b0959a08cc5ceb222717c888ff  aiojobs-1.2.1.tar.gz
 # Locally computed sha256 checksums
 sha256  1803dc89455114eefad3b827543343edc2452432fdac29b5edc66c8b66d4cbf3  LICENSE
diff --git a/package/python-aiojobs/python-aiojobs.mk b/package/python-aiojobs/python-aiojobs.mk
index be0acd3fbc..9e4a55e13c 100644
--- a/package/python-aiojobs/python-aiojobs.mk
+++ b/package/python-aiojobs/python-aiojobs.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_AIOJOBS_VERSION = 1.2.0
+PYTHON_AIOJOBS_VERSION = 1.2.1
 PYTHON_AIOJOBS_SOURCE = aiojobs-$(PYTHON_AIOJOBS_VERSION).tar.gz
-PYTHON_AIOJOBS_SITE = https://files.pythonhosted.org/packages/c4/e0/4685393810a267c09edef41ddafd0dd28108d95e1b91019b1843fc6e5b83
+PYTHON_AIOJOBS_SITE = https://files.pythonhosted.org/packages/07/ad/e4240f9225022798e0e651ced8f6dc022e88eae4f2df6e1482a8f3c0d54d
 PYTHON_AIOJOBS_SETUP_TYPE = setuptools
 PYTHON_AIOJOBS_LICENSE = Apache-2.0
 PYTHON_AIOJOBS_LICENSE_FILES = LICENSE