diff --git a/homeassistant/components/velbus/manifest.json b/homeassistant/components/velbus/manifest.json
index 4df9fe32dd9..ff32000d5f0 100644
--- a/homeassistant/components/velbus/manifest.json
+++ b/homeassistant/components/velbus/manifest.json
@@ -3,7 +3,7 @@
   "name": "Velbus",
   "documentation": "https://www.home-assistant.io/components/velbus",
   "requirements": [
-    "python-velbus==2.0.22"
+    "python-velbus==2.0.24"
   ],
   "dependencies": [],
   "codeowners": []
diff --git a/requirements_all.txt b/requirements_all.txt
index 6ab9c8d1d1e..8ba647a64bd 100644
--- a/requirements_all.txt
+++ b/requirements_all.txt
@@ -1390,7 +1390,7 @@ python-telegram-bot==11.1.0
 python-twitch-client==0.6.0
 
 # homeassistant.components.velbus
-python-velbus==2.0.22
+python-velbus==2.0.24
 
 # homeassistant.components.vlc
 python-vlc==1.1.2