diff --git a/libeasy/Makefile b/libeasy/Makefile
index 45fc12f0c..4f70335d6 100644
--- a/libeasy/Makefile
+++ b/libeasy/Makefile
@@ -5,12 +5,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=libeasy
-PKG_VERSION:=7.3.1
+PKG_VERSION:=7.4.0
 
 LOCAL_DEV=0
 ifneq ($(LOCAL_DEV),1)
 PKG_SOURCE_PROTO:=git
-PKG_SOURCE_VERSION:=5b2dd97e390fd72d65a689e9fb0f6161d972a69b
+PKG_SOURCE_VERSION:=fb217608830e7549d5721fd80100295e07a15dbe
 PKG_SOURCE_URL:=https://dev.iopsys.eu/iopsys/libeasy.git
 PKG_MAINTAINER:=Anjan Chanda <anjan.chanda@iopsys.eu>
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION)_$(PKG_SOURCE_VERSION).tar.xz