diff --git a/package/freetype/freetype.hash b/package/freetype/freetype.hash
index 3d8c2259ac..d56742cb50 100644
--- a/package/freetype/freetype.hash
+++ b/package/freetype/freetype.hash
@@ -1,2 +1,2 @@
 # Locally calculated after checking pgp signature
-sha256	e20a6e1400798fd5e3d831dd821b61c35b1f9a6465d6b18a53a9df4cf441acf0	freetype-2.6.5.tar.bz2
+sha256	d6a451f5b754857d2aa3964fd4473f8bc5c64e879b24516d780fb26bec7f7d48	freetype-2.7.tar.bz2
diff --git a/package/freetype/freetype.mk b/package/freetype/freetype.mk
index 78e81dd4a9..8a9a28553e 100644
--- a/package/freetype/freetype.mk
+++ b/package/freetype/freetype.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-FREETYPE_VERSION = 2.6.5
+FREETYPE_VERSION = 2.7
 FREETYPE_SOURCE = freetype-$(FREETYPE_VERSION).tar.bz2
 FREETYPE_SITE = http://download.savannah.gnu.org/releases/freetype
 FREETYPE_INSTALL_STAGING = YES