diff --git a/platform/mellanox/mft.mk b/platform/mellanox/mft.mk
index 7dc654381f5a..c3ebdac356e7 100644
--- a/platform/mellanox/mft.mk
+++ b/platform/mellanox/mft.mk
@@ -16,8 +16,8 @@
 #
 # Mellanox SAI
 
-MFT_VERSION = 4.18.0
-MFT_REVISION = 106
+MFT_VERSION = 4.20.0
+MFT_REVISION = 34
 
 export MFT_VERSION MFT_REVISION