diff --git a/tools/mtools/Makefile b/tools/mtools/Makefile
index 5e3c950ba3..c10e887b36 100644
--- a/tools/mtools/Makefile
+++ b/tools/mtools/Makefile
@@ -7,11 +7,11 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=mtools
-PKG_VERSION:=4.0.35
+PKG_VERSION:=4.0.37
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.bz2
 PKG_SOURCE_URL:=@GNU/$(PKG_NAME)
-PKG_HASH:=34769e173751d2f0d891a08c76c80427e929b8ee43438019b8666cc3d7a44749
+PKG_HASH:=799b197e23e47b61259628810b27790efb7a1fe36037ef1da8a27b0ae4fa8342
 
 HOST_BUILD_PARALLEL:=1