diff --git a/package/zstd/zstd.hash b/package/zstd/zstd.hash
index 60641aa8ab..7fa5f7bf6a 100644
--- a/package/zstd/zstd.hash
+++ b/package/zstd/zstd.hash
@@ -1,6 +1,6 @@
 # Locally computed
-sha256 0fdba643b438b7cbce700dcc0e7b3e3da6d829088c63757a5984930e2f70b348 zstd-v1.3.0.tar.gz
+sha256 312fb9dc75668addbc9c8f33c7fa198b0fc965c576386b8451397e06256eadc6 zstd-v1.3.1.tar.gz
 
 # License files (locally computed as well)
 sha256 2c1a7fa704df8f3a606f6fc010b8b5aaebf403f3aeec339a12048f1ba7331a0b LICENSE
-sha256 3a508245dd3c486bb9d78a8269091322359443ea54612c3648327a0b3512f23f PATENTS
+sha256 f9c375a1be4a41f7b70301dd83c91cb89e41567478859b77eef375a52d782505 COPYING
diff --git a/package/zstd/zstd.mk b/package/zstd/zstd.mk
index cad80684f3..475079dbfe 100644
--- a/package/zstd/zstd.mk
+++ b/package/zstd/zstd.mk
@@ -4,10 +4,10 @@
 #
 ################################################################################
 
-ZSTD_VERSION = v1.3.0
+ZSTD_VERSION = v1.3.1
 ZSTD_SITE = $(call github,facebook,zstd,$(ZSTD_VERSION))
-ZSTD_LICENSE = BSD-3-Clause
-ZSTD_LICENSE_FILES = LICENSE PATENTS
+ZSTD_LICENSE = BSD-3-Clause, GPL-2.0
+ZSTD_LICENSE_FILES = LICENSE COPYING
 
 ifeq ($(BR2_TOOLCHAIN_HAS_THREADS),y)
 ZSTD_OPTS += HAVE_THREAD=1