diff --git a/package/python-alembic/python-alembic.hash b/package/python-alembic/python-alembic.hash
index a8ed0dc92e..7729f97a64 100644
--- a/package/python-alembic/python-alembic.hash
+++ b/package/python-alembic/python-alembic.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/alembic/json
-md5  5499d3918aec406a1903aed530f7e2a4  alembic-1.16.4.tar.gz
-sha256  efab6ada0dd0fae2c92060800e0bf5c1dc26af15a10e02fb4babff164b4725e2  alembic-1.16.4.tar.gz
+md5  747400a534b73635c91d3b4bb71445c8  alembic-1.17.2.tar.gz
+sha256  bbe9751705c5e0f14877f02d46c53d10885e377e3d90eda810a016f9baa19e8e  alembic-1.17.2.tar.gz
 # Locally computed sha256 checksums
 sha256  35ea9c3419b261faf1be448c4f47d9255281bf6b36b5ffea55052227d4ba54de  LICENSE
diff --git a/package/python-alembic/python-alembic.mk b/package/python-alembic/python-alembic.mk
index 8dbbd0c7d8..530b31246f 100644
--- a/package/python-alembic/python-alembic.mk
+++ b/package/python-alembic/python-alembic.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_ALEMBIC_VERSION = 1.16.4
+PYTHON_ALEMBIC_VERSION = 1.17.2
 PYTHON_ALEMBIC_SOURCE = alembic-$(PYTHON_ALEMBIC_VERSION).tar.gz
-PYTHON_ALEMBIC_SITE = https://files.pythonhosted.org/packages/83/52/72e791b75c6b1efa803e491f7cbab78e963695e76d4ada05385252927e76
+PYTHON_ALEMBIC_SITE = https://files.pythonhosted.org/packages/02/a6/74c8cadc2882977d80ad756a13857857dbcf9bd405bc80b662eb10651282
 PYTHON_ALEMBIC_SETUP_TYPE = setuptools
 PYTHON_ALEMBIC_LICENSE = MIT
 PYTHON_ALEMBIC_LICENSE_FILES = LICENSE