diff --git a/package/libtool/libtool.hash b/package/libtool/libtool.hash
index 8deaf4fbf6..72281eb465 100644
--- a/package/libtool/libtool.hash
+++ b/package/libtool/libtool.hash
@@ -1,5 +1,5 @@
 # Locally calculated after checking pgp signature
-sha256  7c87a8c2c8c0fc9cd5019e402bed4292462d00a718a7cd5f11218153bf28b26f  libtool-2.4.6.tar.xz
+sha256  f81f5860666b0bc7d84baddefa60d1cb9fa6fceb2398cc3baca6afaa60266675  libtool-2.5.4.tar.xz
 # License files, locally calculated
-sha256  8177f97513213526df2cf6184d8ff986c675afb514d4e68a404010521b880643  COPYING
-sha256  dc626520dcd53a22f727af3ee42c770e56c97a64fe3adb063799d8ab032fe551  libltdl/COPYING.LIB
+sha256  edaef632cbb643e4e7a221717a6c441a4c1a7c918e6e4d56debc3d8739b233f6  COPYING
+sha256  20e50fe7aae3e56378ebf0417d9de904f55a0e61e4df315333e632a4d3555d95  libltdl/COPYING.LIB
diff --git a/package/libtool/libtool.mk b/package/libtool/libtool.mk
index 6342e70a39..ecadc3e696 100644
--- a/package/libtool/libtool.mk
+++ b/package/libtool/libtool.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-LIBTOOL_VERSION = 2.4.6
+LIBTOOL_VERSION = 2.5.4
 LIBTOOL_SOURCE = libtool-$(LIBTOOL_VERSION).tar.xz
 LIBTOOL_SITE = $(BR2_GNU_MIRROR)/libtool
 LIBTOOL_CPE_ID_VENDOR = gnu
@@ -25,7 +25,7 @@ LIBTOOL_LICENSE_FILES = $(LIBTOOL_SUBDIR)/COPYING.LIB
 HOST_LIBTOOL_LICENSE = GPL-2.0+ (libtool), LGPL-2.1+ (libltdl)
 HOST_LIBTOOL_LICENSE_FILES = COPYING $(LIBTOOL_SUBDIR)/COPYING.LIB
 
-HOST_LIBTOOL_CONF_ENV = MAKEINFO=true
+HOST_LIBTOOL_CONF_ENV = HELP2MAN=true MAKEINFO=true
 HOST_LIBTOOL_LIBTOOL_PATCH = NO
 
 # We have a patch that affects libtool.m4, which triggers an autoreconf