diff --git a/pkg/esp32_sdk_lib_phy/Makefile b/pkg/esp32_sdk_lib_phy/Makefile
index 99b3973b09..5e5a9de156 100644
--- a/pkg/esp32_sdk_lib_phy/Makefile
+++ b/pkg/esp32_sdk_lib_phy/Makefile
@@ -1,7 +1,7 @@
 PKG_NAME=esp32_sdk_lib_phy
 PKG_URL=https://github.com/espressif/esp-phy-lib
-# This is a version in the v4.4.1 release branch
-PKG_VERSION=dcbe6085e0215e2ea6a2e43b1106bdb15807f398
+# This is a version in the v5.4 release branch
+PKG_VERSION=f5f852b53c90c2a23bfbd6b9c4897c25f0ae6155
 PKG_LICENSE=Apache-2.0
 
 include $(RIOTBASE)/pkg/pkg.mk