diff --git a/package/libgpiod/libgpiod.hash b/package/libgpiod/libgpiod.hash
index eee2a66280..fcf212ed2a 100644
--- a/package/libgpiod/libgpiod.hash
+++ b/package/libgpiod/libgpiod.hash
@@ -1,2 +1,2 @@
 # Locally computed
-sha256 670a13518fabf2a99f9e349c33d5421c2146eec15b73c5edef3f1981a7adaeda libgpiod-v0.1.3.tar.gz
+sha256 de1947f3cb2cc4174364af430309fe6238976658575655bdbd76c60cffa7df92 libgpiod-v0.2.tar.gz
diff --git a/package/libgpiod/libgpiod.mk b/package/libgpiod/libgpiod.mk
index 0947a4ab2c..c95ea44514 100644
--- a/package/libgpiod/libgpiod.mk
+++ b/package/libgpiod/libgpiod.mk
@@ -4,10 +4,17 @@
 #
 ################################################################################
 
-LIBGPIOD_VERSION = v0.1.3
+LIBGPIOD_VERSION = v0.2
 LIBGPIOD_SITE = $(call github,brgl,libgpiod,$(LIBGPIOD_VERSION))
-LIBGPIOD_LICENSE = GPL-3.0+
+LIBGPIOD_LICENSE = LGPL-2.1+
 LIBGPIOD_LICENSE_FILES = COPYING
+
+# Needed for autoreconf to work properly
+define LIBGPIOD_FIXUP_M4_DIR
+        mkdir $(@D)/m4
+endef
+LIBGPIOD_POST_EXTRACT_HOOKS += LIBGPIOD_FIXUP_M4_DIR
+
 # fetched from github, no configure script provided
 LIBGPIOD_AUTORECONF = YES