diff --git a/package/mg/Config.in b/package/mg/Config.in
index 11e5bdb273..35e0e6f57f 100644
--- a/package/mg/Config.in
+++ b/package/mg/Config.in
@@ -2,7 +2,7 @@ config BR2_PACKAGE_MG
 	bool "mg"
 	depends on BR2_USE_MMU # fork()
 	help
-	  Emacs-like text editor (130 kiB)
+	  Emacs-like text editor (260 kiB)
 
 	  Mg is a MicroEMACS clone with the goal of being compatible
 	  with GNU Emacs, because there should never be any reason to
diff --git a/package/mg/mg.hash b/package/mg/mg.hash
index 6a3e3465b8..147809f719 100644
--- a/package/mg/mg.hash
+++ b/package/mg/mg.hash
@@ -1,4 +1,4 @@
-# From https://github.com/troglobit/mg/releases/tag/v3.7
-sha256  05101360d2194392da0950e8b6f18d067d8af0fd2f572461ba4d4e7b4ccbb4c1  mg-3.7.tar.gz
+# From https://github.com/troglobit/mg/releases/tag/v4.0
+sha256  7040117fc8177b73038027fc59e62012c77842e4ef40ab07e57f7b69832446e2  mg-4.0.tar.gz
 # Locally computed:
 sha256  7e12e5df4bae12cb21581ba157ced20e1986a0508dd10d0e8a4ab9a4cf94e85c  UNLICENSE
diff --git a/package/mg/mg.mk b/package/mg/mg.mk
index 59f1d1e316..0b5c14d8fc 100644
--- a/package/mg/mg.mk
+++ b/package/mg/mg.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-MG_VERSION = 3.7
+MG_VERSION = 4.0
 MG_SITE = https://github.com/troglobit/mg/releases/download/v$(MG_VERSION)
 MG_LICENSE = Public Domain
 MG_LICENSE_FILES = UNLICENSE