diff --git a/platform/mellanox/mft.mk b/platform/mellanox/mft.mk
index 919e6fae9d9a..5e9644b5703c 100644
--- a/platform/mellanox/mft.mk
+++ b/platform/mellanox/mft.mk
@@ -1,7 +1,7 @@
 # Mellanox SAI
 
-MFT_VERSION = 4.16.0
-MFT_REVISION = 105
+MFT_VERSION = 4.17.0
+MFT_REVISION = 106
 
 export MFT_VERSION MFT_REVISION