diff --git a/package/iproute2/iproute2.hash b/package/iproute2/iproute2.hash
index d130466440..41588488e6 100644
--- a/package/iproute2/iproute2.hash
+++ b/package/iproute2/iproute2.hash
@@ -1,3 +1,3 @@
 # From https://kernel.org/pub/linux/utils/net/iproute2/sha256sums.asc
-sha256	cb1c1e45993a3bd2438543fd4332d70f1726a6e6ff97dc613a8258c993117b3f  iproute2-5.3.0.tar.xz
+sha256	fe97aa60a0d4c5ac830be18937e18dc3400ca713a33a89ad896ff1e3d46086ae  iproute2-5.4.0.tar.xz
 sha256	e6d6a009505e345fe949e1310334fcb0747f28dae2856759de102ab66b722cb4	COPYING
diff --git a/package/iproute2/iproute2.mk b/package/iproute2/iproute2.mk
index 0efd4e62d3..6dc3fbd9c0 100644
--- a/package/iproute2/iproute2.mk
+++ b/package/iproute2/iproute2.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-IPROUTE2_VERSION = 5.3.0
+IPROUTE2_VERSION = 5.4.0
 IPROUTE2_SOURCE = iproute2-$(IPROUTE2_VERSION).tar.xz
 IPROUTE2_SITE = $(BR2_KERNEL_MIRROR)/linux/utils/net/iproute2
 IPROUTE2_DEPENDENCIES = host-bison host-flex host-pkgconf \