diff --git a/lang/python/python-setuptools/Makefile b/lang/python/python-setuptools/Makefile
index 8138a99556..b2ebfa1c64 100644
--- a/lang/python/python-setuptools/Makefile
+++ b/lang/python/python-setuptools/Makefile
@@ -8,11 +8,11 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=python-setuptools
-PKG_VERSION:=68.2.2
+PKG_VERSION:=69.0.2
 PKG_RELEASE:=1
 
 PYPI_NAME:=setuptools
-PKG_HASH:=4ac1475276d2f1c48684874089fefcd83bd7162ddaafb81fac866ba0db282a87
+PKG_HASH:=735896e78a4742605974de002ac60562d286fa8051a7e2299445e8e8fbb01aa6
 
 PKG_LICENSE:=MIT
 PKG_LICENSE_FILES:=LICENSE