diff --git a/package/python-pymodbus/python-pymodbus.hash b/package/python-pymodbus/python-pymodbus.hash
index 8d990d0d5f..b1183fba1e 100644
--- a/package/python-pymodbus/python-pymodbus.hash
+++ b/package/python-pymodbus/python-pymodbus.hash
@@ -1,5 +1,5 @@
 # md5, sha256 from https://pypi.org/pypi/pymodbus/json
-md5  7485a0f834aafb48273c6adb297dff93  pymodbus-3.11.4.tar.gz
-sha256  6910e385cb6b2f983cd457e9ecee2ff580dbb23cf3d84aefec0845e71edd606a  pymodbus-3.11.4.tar.gz
+md5  c120f359fa9a0bba0c450efcb93941e9  pymodbus-3.12.0.tar.gz
+sha256  3fafe85e5d82bb9bcbda14b97a0e69a47dc46be55631e9f988adfaf95140c44b  pymodbus-3.12.0.tar.gz
 # Locally computed sha256 checksums
 sha256  572a4d6fa7541553f70cc6d494fbcbee7eb7d3f2fbd16080d39b20cccda26f0b  LICENSE
diff --git a/package/python-pymodbus/python-pymodbus.mk b/package/python-pymodbus/python-pymodbus.mk
index 1e7df6892a..75c0bdc35a 100644
--- a/package/python-pymodbus/python-pymodbus.mk
+++ b/package/python-pymodbus/python-pymodbus.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_PYMODBUS_VERSION = 3.11.4
+PYTHON_PYMODBUS_VERSION = 3.12.0
 PYTHON_PYMODBUS_SOURCE = pymodbus-$(PYTHON_PYMODBUS_VERSION).tar.gz
-PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/2a/af/bbb716301ab9c60f0702c3cdf72cc0e373286a5648fe16bc4431400489dc
+PYTHON_PYMODBUS_SITE = https://files.pythonhosted.org/packages/41/dc/8db192f3a66032e1bd900eb87b5bbcb539d5118f520372af0cb92ba42499
 PYTHON_PYMODBUS_SETUP_TYPE = setuptools
 PYTHON_PYMODBUS_LICENSE = BSD-3-Clause
 PYTHON_PYMODBUS_LICENSE_FILES = LICENSE