diff --git a/requirements.txt b/requirements.txt
index 561bf0f4d5..b4d557f06e 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -9,6 +9,6 @@ pytz==2021.1
 pyserial==3.5
 ifaddr==0.1.7
 platformio==5.1.1
-esptool==2.8
+esptool==3.1
 click==7.1.2
 esphome-dashboard==20210728.0