diff --git a/gnu/packages/python-web.scm b/gnu/packages/python-web.scm
index 5b5ee7941c..9813894b30 100644
--- a/gnu/packages/python-web.scm
+++ b/gnu/packages/python-web.scm
@@ -2164,13 +2164,13 @@ adapter for use with the Requests library.")
 (define-public python-oauthlib
   (package
     (name "python-oauthlib")
-    (version "3.0.1")
+    (version "3.1.0")
     (source (origin
               (method url-fetch)
               (uri (pypi-uri "oauthlib" version))
               (sha256
                (base32
-                "163jg4a8f7c5ki655grrr47kgljy12wri3qly7ijf64sk1fjrqqc"))))
+                "12gqnabwck30gdlpwm6af3s28qm9p2yc7b1w8s4fk9ncbz1irr5y"))))
     (build-system python-build-system)
     (arguments
      `(#:phases (modify-phases %standard-phases