diff --git a/homeassistant/components/elgato/manifest.json b/homeassistant/components/elgato/manifest.json
index 28d8826a066..49340f028d0 100644
--- a/homeassistant/components/elgato/manifest.json
+++ b/homeassistant/components/elgato/manifest.json
@@ -7,6 +7,6 @@
   "integration_type": "device",
   "iot_class": "local_polling",
   "quality_scale": "platinum",
-  "requirements": ["elgato==4.0.1"],
+  "requirements": ["elgato==5.0.0"],
   "zeroconf": ["_elg._tcp.local."]
 }
diff --git a/requirements_all.txt b/requirements_all.txt
index 3fef16497e4..3199c529217 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -731,7 +731,7 @@ ecoaliface==0.4.0
 electrickiwi-api==0.8.5
 
 # homeassistant.components.elgato
-elgato==4.0.1
+elgato==5.0.0
 
 # homeassistant.components.eliqonline
 eliqonline==1.2.2
diff --git a/requirements_test_all.txt b/requirements_test_all.txt
index 415972285d3..d502c50b80b 100644
--- a/requirements_test_all.txt
+++ b/requirements_test_all.txt
@@ -593,7 +593,7 @@ easyenergy==0.3.0
 electrickiwi-api==0.8.5
 
 # homeassistant.components.elgato
-elgato==4.0.1
+elgato==5.0.0
 
 # homeassistant.components.elkm1
 elkm1-lib==2.2.6