diff --git a/target/squashfs/squashfsroot.mk b/target/squashfs/squashfsroot.mk
index c4dc3c0090..18e89772d7 100644
--- a/target/squashfs/squashfsroot.mk
+++ b/target/squashfs/squashfsroot.mk
@@ -3,7 +3,7 @@
 # mksquashfs to build to target squashfs filesystems
 #
 #############################################################
-SQUASHFS_VERSION:=3.0
+SQUASHFS_VERSION:=3.1
 SQUASHFS_DIR:=$(BUILD_DIR)/squashfs$(SQUASHFS_VERSION)
 SQUASHFS_SOURCE:=squashfs$(SQUASHFS_VERSION).tar.gz
 SQUASHFS_SITE:=http://$(BR2_SOURCEFORGE_MIRROR).dl.sourceforge.net/sourceforge/squashfs