diff --git a/package/socat/Config.in b/package/socat/Config.in
index 09eb2b616d..af456ab7aa 100644
--- a/package/socat/Config.in
+++ b/package/socat/Config.in
@@ -1,12 +1,7 @@
 config BR2_PACKAGE_SOCAT
 	bool "socat"
-	depends on BR2_TOOLCHAIN_HAS_THREADS
 	depends on BR2_USE_MMU # fork()
 	help
 	  Multipurpose socket relay program.
 
 	  http://www.dest-unreach.org/socat/
-
-comment "socat needs a toolchain w/ threads"
-	depends on BR2_USE_MMU
-	depends on !BR2_TOOLCHAIN_HAS_THREADS
diff --git a/package/socat/socat.hash b/package/socat/socat.hash
index d867d8ac10..77abcf29a9 100644
--- a/package/socat/socat.hash
+++ b/package/socat/socat.hash
@@ -1,4 +1,8 @@
 # From http://www.dest-unreach.org/socat/download.md5sum
-md5	553b1593d0a192cb09cbdc687ef1baac	socat-2.0.0-b9.tar.bz2
+md5	607a24c15bd2cb54e9328bfbbd3a1ae9	socat-1.7.3.2.tar.bz2
 # Calculated based on the hash above
-sha256	49efb0a5c66b94b279014addc2851faf8ebbd1ec4b7e31c1de7e912d7b4983d2	socat-2.0.0-b9.tar.bz2
+sha256	e3561f808739383eb10fada1e5d4f26883f0311b34fd0af7837d0c95ef379251	socat-1.7.3.2.tar.bz2
+# Locally calculated
+sha256	4846488cea98a2905dc75b7aa5eea721568e372447efe06b85bd896ee8c54f10	README
+sha256	8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643	COPYING
+sha256	fd9e48ca316a5032069b9521f4f4b4d9b1c60365012bae1e62286bcd5bd2e761	COPYING.OpenSSL
diff --git a/package/socat/socat.mk b/package/socat/socat.mk
index 97f6c5b145..5fea067d82 100644
--- a/package/socat/socat.mk
+++ b/package/socat/socat.mk
@@ -4,11 +4,11 @@
 #
 ################################################################################
 
-SOCAT_VERSION = 2.0.0-b9
+SOCAT_VERSION = 1.7.3.2
 SOCAT_SOURCE = socat-$(SOCAT_VERSION).tar.bz2
 SOCAT_SITE = http://www.dest-unreach.org/socat/download
-SOCAT_LICENSE = GPL-2.0
-SOCAT_LICENSE_FILES = COPYING
+SOCAT_LICENSE = GPL-2.0 with OpenSSL exception
+SOCAT_LICENSE_FILES = README COPYING COPYING.OpenSSL
 
 SOCAT_CONF_ENV = sc_cv_termios_ispeed=no
 
@@ -24,10 +24,9 @@ SOCAT_CONF_ENV += \
 	sc_cv_sys_csize_shift=4
 endif
 
-# We need to run autoconf to regenerate the configure script, in order
-# to ensure that the test checking linux/ext2_fs.h works
-# properly. However, the package only uses autoconf and not automake,
-# so we can't use the normal autoreconf logic.
+# We need to run autoconf to regenerate the configure script, since we patch
+# configure.in and Makefile.in. However, the package only uses autoconf and not
+# automake, so we can't use the normal autoreconf logic.
 
 SOCAT_DEPENDENCIES = host-autoconf