diff --git a/package/exfat/Config.in b/package/exfat/Config.in
index c0b4eabe11..c0ed2570d9 100644
--- a/package/exfat/Config.in
+++ b/package/exfat/Config.in
@@ -4,7 +4,7 @@ config BR2_PACKAGE_EXFAT
 	depends on BR2_USE_MMU # libfuse
 	depends on BR2_USE_WCHAR
 	depends on !BR2_STATIC_LIBS # libfuse
-	select BR2_PACKAGE_LIBFUSE
+	select BR2_PACKAGE_LIBFUSE3 if !BR2_PACKAGE_LIBFUSE
 	help
 	  A full-featured exFAT file system implementation for GNU/Linux
 	  and other Unix-like systems as a FUSE module.
diff --git a/package/exfat/exfat.hash b/package/exfat/exfat.hash
index b40fc7f0e5..c6082a403a 100644
--- a/package/exfat/exfat.hash
+++ b/package/exfat/exfat.hash
@@ -1,3 +1,3 @@
 # Locally calculated
-sha256  07652136064da5e4d32df5555f88c138ffa4835a23b88a5bae2015f21006e0d3  fuse-exfat-1.3.0.tar.gz
+sha256  a1cfedc55e0e7a12c184605aa0f0bf44b24a3fb272449b20b2c8bbe6edb3001e  fuse-exfat-1.4.0.tar.gz
 sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  COPYING
diff --git a/package/exfat/exfat.mk b/package/exfat/exfat.mk
index c0ef77a113..a8efe5b0ba 100644
--- a/package/exfat/exfat.mk
+++ b/package/exfat/exfat.mk
@@ -4,10 +4,12 @@
 #
 ################################################################################
 
-EXFAT_VERSION = 1.3.0
+EXFAT_VERSION = 1.4.0
 EXFAT_SITE = https://github.com/relan/exfat/releases/download/v$(EXFAT_VERSION)
 EXFAT_SOURCE = fuse-exfat-$(EXFAT_VERSION).tar.gz
-EXFAT_DEPENDENCIES = libfuse host-pkgconf
+EXFAT_DEPENDENCIES = \
+	$(if $(BR2_PACKAGE_LIBFUSE3),libfuse3,libfuse) \
+	host-pkgconf
 EXFAT_LICENSE = GPL-2.0+
 EXFAT_LICENSE_FILES = COPYING
 EXFAT_CPE_ID_VENDOR = exfat_project