diff --git a/utils/docker-compose/Makefile b/utils/docker-compose/Makefile
index 9954089cc4..3b63347d13 100644
--- a/utils/docker-compose/Makefile
+++ b/utils/docker-compose/Makefile
@@ -1,14 +1,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=compose
-PKG_VERSION:=2.38.2
+PKG_VERSION:=2.39.1
 PKG_RELEASE:=1
 PKG_LICENSE:=Apache-2.0
 PKG_LICENSE_FILES:=LICENSE
 
 PKG_SOURCE:=$(PKG_NAME)-v$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/docker/compose/tar.gz/v${PKG_VERSION}?
-PKG_HASH:=250e087aeb614c762e3cb7c5b0cacb964acfa90f3f1d158942fc06d22d5e1044
+PKG_HASH:=35287aff54d826241fb727b3024b1cb46849770ac8dd166f0702f8aa2b5f7e30
 
 PKG_MAINTAINER:=Javier Marcet <javier@marcet.info>