diff --git a/depends/install_webp.sh b/depends/install_webp.sh
index 6394d52be..ead5637ee 100755
--- a/depends/install_webp.sh
+++ b/depends/install_webp.sh
@@ -1,7 +1,7 @@
 #!/bin/bash
 # install webp
 
-archive=libwebp-1.0.1
+archive=libwebp-1.0.2
 
 ./download-and-extract.sh $archive https://raw.githubusercontent.com/python-pillow/pillow-depends/master/$archive.tar.gz
 
diff --git a/winbuild/config.py b/winbuild/config.py
index 8edb7ea1a..3ac78724c 100644
--- a/winbuild/config.py
+++ b/winbuild/config.py
@@ -66,9 +66,9 @@ libs = {
         'version': '8.6.9',
     },
     'webp': {
-        'url': 'http://downloads.webmproject.org/releases/webp/libwebp-1.0.1.tar.gz',
-        'filename': PILLOW_DEPENDS_DIR + 'libwebp-1.0.1.tar.gz',
-        'dir': 'libwebp-1.0.1',
+        'url': 'http://downloads.webmproject.org/releases/webp/libwebp-1.0.2.tar.gz',
+        'filename': PILLOW_DEPENDS_DIR + 'libwebp-1.0.2.tar.gz',
+        'dir': 'libwebp-1.0.2',
     },
     'openjpeg': {
         'url': SF_MIRROR+'/project/openjpeg/openjpeg/2.3.0/openjpeg-2.3.0.tar.gz',