diff --git a/package/python-ipython/Config.in b/package/python-ipython/Config.in
index c217efcfd1..87cc3969b0 100644
--- a/package/python-ipython/Config.in
+++ b/package/python-ipython/Config.in
@@ -4,6 +4,7 @@ config BR2_PACKAGE_PYTHON_IPYTHON
 	select BR2_PACKAGE_PYTHON_BACKCALL # runtime
 	select BR2_PACKAGE_PYTHON_DECORATOR # runtime
 	select BR2_PACKAGE_PYTHON_JEDI # runtime
+	select BR2_PACKAGE_PYTHON_MATPLOTLIB_INLINE # runtime
 	select BR2_PACKAGE_PYTHON_PICKLESHARE # runtime
 	select BR2_PACKAGE_PYTHON_PROMPT_TOOLKIT # runtime
 	select BR2_PACKAGE_PYTHON_PYGMENTS  # runtime
diff --git a/package/python-ipython/python-ipython.hash b/package/python-ipython/python-ipython.hash
index f68b3ba78c..33f70885b3 100644
--- a/package/python-ipython/python-ipython.hash
+++ b/package/python-ipython/python-ipython.hash
@@ -1,6 +1,6 @@
 # md5, sha256 from https://pypi.org/pypi/ipython/json
-md5  ac2ff5bad97aa09befdf7f0f27323699  ipython-8.17.2.tar.gz
-sha256  126bb57e1895594bb0d91ea3090bbd39384f6fe87c3d57fd558d0670f50339bb  ipython-8.17.2.tar.gz
+md5  eee726e4cef5fd680110a899b4e5e2cb  ipython-8.20.0.tar.gz
+sha256  2f21bd3fc1d51550c89ee3944ae04bbc7bc79e129ea0937da6e6c68bfdbf117a  ipython-8.20.0.tar.gz
 # Locally computed sha256 checksums
 sha256  341afcbd729887b7046fe7b98fc4f4edff3aed8d38f06eefd9b30670f043df17  COPYING.rst
 sha256  e0e390748ed440ab893ca1f135a88a920aaf5409dbb90a5b427c75c5e51268fb  LICENSE
diff --git a/package/python-ipython/python-ipython.mk b/package/python-ipython/python-ipython.mk
index 1335121688..d3c2c05a05 100644
--- a/package/python-ipython/python-ipython.mk
+++ b/package/python-ipython/python-ipython.mk
@@ -4,9 +4,9 @@
 #
 ################################################################################
 
-PYTHON_IPYTHON_VERSION = 8.17.2
+PYTHON_IPYTHON_VERSION = 8.20.0
 PYTHON_IPYTHON_SOURCE = ipython-$(PYTHON_IPYTHON_VERSION).tar.gz
-PYTHON_IPYTHON_SITE = https://files.pythonhosted.org/packages/a9/e9/c83d1a5756bf44f1802045a54dacc910d3d254c5ec56040993978d8c1b8d
+PYTHON_IPYTHON_SITE = https://files.pythonhosted.org/packages/c5/d1/187474d64bdefcb6804c1a3a1597d9e94f287e71c06f50f7784d56833fb7
 PYTHON_IPYTHON_LICENSE = BSD-3-Clause
 PYTHON_IPYTHON_LICENSE_FILES = COPYING.rst LICENSE
 PYTHON_IPYTHON_CPE_ID_VENDOR = ipython