diff --git a/package/webp/webp.hash b/package/webp/webp.hash
index 969e4cd3d7..adc543059b 100644
--- a/package/webp/webp.hash
+++ b/package/webp/webp.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256  7bf5a8a28cc69bcfa8cb214f2c3095703c6b73ac5fba4d5480c205331d9494df  libwebp-1.2.4.tar.gz
+sha256  2a499607df669e40258e53d0ade8035ba4ec0175244869d1025d460562aa09b4  libwebp-1.3.2.tar.gz
 sha256  5aec868f669e384a22372a4e8a1a6cd7d44c64cd451f960ca69cc170d1e13acf  COPYING
diff --git a/package/webp/webp.mk b/package/webp/webp.mk
index 38a1564a63..33cb4bd507 100644
--- a/package/webp/webp.mk
+++ b/package/webp/webp.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-WEBP_VERSION = 1.2.4
+WEBP_VERSION = 1.3.2
 WEBP_SOURCE = libwebp-$(WEBP_VERSION).tar.gz
 WEBP_SITE = http://downloads.webmproject.org/releases/webp
 WEBP_LICENSE = BSD-3-Clause