diff --git a/libs/freetype/Makefile b/libs/freetype/Makefile
index da9d45fe9..da5606065 100644
--- a/libs/freetype/Makefile
+++ b/libs/freetype/Makefile
@@ -8,12 +8,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=freetype
-PKG_VERSION:=2.5.5
-PKG_RELEASE:=2
+PKG_VERSION:=2.7
+PKG_RELEASE:=1
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.bz2
 PKG_SOURCE_URL:=@SF/freetype
-PKG_MD5SUM:=2a7a314927011d5030903179cf183be0
+PKG_MD5SUM:=be4601619827b7935e1d861745923a68
 
 PKG_LICENSE:=FTL GPL-2.0 MIT ZLIB
 PKG_LICENSE_FILES:=docs/LICENSE.TXT docs/FTL.TXT docs/GPLv2.TXT src/bdf/README src/pcf/README src/gzip/zlib.h