diff --git a/package/libs/wolfssl/Makefile b/package/libs/wolfssl/Makefile
index 55928f144..a51183780 100644
--- a/package/libs/wolfssl/Makefile
+++ b/package/libs/wolfssl/Makefile
@@ -8,12 +8,12 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=wolfssl
-PKG_VERSION:=5.4.0-stable
+PKG_VERSION:=5.3.0-stable
 PKG_RELEASE:=$(AUTORELEASE)
 
 PKG_SOURCE:=$(PKG_NAME)-$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://github.com/wolfSSL/wolfssl/archive/v$(PKG_VERSION)
-PKG_HASH:=dc36cc19dad197253e5c2ecaa490c7eef579ad448706e55d73d79396e814098b
+PKG_HASH:=1a3bb310dc01d3e73d9ad91b6ea8249d081016f8eef4ae8f21d3421f91ef1de9
 
 PKG_FIXUP:=libtool libtool-abiver
 PKG_INSTALL:=1
diff --git a/package/libs/wolfssl/patches/100-disable-hardening-check.patch b/package/libs/wolfssl/patches/100-disable-hardening-check.patch
index d3ad2e27b..7e473b390 100644
--- a/package/libs/wolfssl/patches/100-disable-hardening-check.patch
+++ b/package/libs/wolfssl/patches/100-disable-hardening-check.patch
@@ -1,6 +1,6 @@
 --- a/wolfssl/wolfcrypt/settings.h
 +++ b/wolfssl/wolfcrypt/settings.h
-@@ -2442,7 +2442,7 @@ extern void uITRON4_free(void *p) ;
+@@ -2338,7 +2338,7 @@ extern void uITRON4_free(void *p) ;
  #endif
  
  /* warning for not using harden build options (default with ./configure) */
diff --git a/package/libs/wolfssl/patches/200-ecc-rng.patch b/package/libs/wolfssl/patches/200-ecc-rng.patch
index 2e09e6d27..f1f156a8a 100644
--- a/package/libs/wolfssl/patches/200-ecc-rng.patch
+++ b/package/libs/wolfssl/patches/200-ecc-rng.patch
@@ -11,7 +11,7 @@ RNG regardless of the built settings for wolfssl.
 
 --- a/wolfcrypt/src/ecc.c
 +++ b/wolfcrypt/src/ecc.c
-@@ -12288,21 +12288,21 @@ void wc_ecc_fp_free(void)
+@@ -11655,21 +11655,21 @@ void wc_ecc_fp_free(void)
  
  #endif /* FP_ECC */
  
diff --git a/package/libs/wolfssl/patches/300-AESNI-fix-configure-to-use-minimal-compiler-flags.patch b/package/libs/wolfssl/patches/300-AESNI-fix-configure-to-use-minimal-compiler-flags.patch
new file mode 100644
index 000000000..d65a117d1
--- /dev/null
+++ b/package/libs/wolfssl/patches/300-AESNI-fix-configure-to-use-minimal-compiler-flags.patch
@@ -0,0 +1,44 @@
+From 9ba77300f9f5dea9f53aed00bf6c33d10b7b2fce Mon Sep 17 00:00:00 2001
+From: Sean Parkinson <sean@wolfssl.com>
+Date: Thu, 7 Jul 2022 09:30:48 +1000
+Subject: [PATCH] AESNI: fix configure to use minimal compiler flags
+
+
+diff --git a/configure.ac b/configure.ac
+index df97ac75c..6abb0c744 100644
+--- a/configure.ac
++++ b/configure.ac
+@@ -2142,21 +2142,19 @@ then
+     if test "$ENABLED_AESNI" = "yes" || test "$ENABLED_INTELASM" = "yes"
+     then
+         AM_CFLAGS="$AM_CFLAGS -DWOLFSSL_AESNI"
+-        if test "$GCC" = "yes"
++        if test "$CC" != "icc"
+         then
+-            # clang needs these flags
+-            if test "$CC" = "clang"
+-            then
+-                AM_CFLAGS="$AM_CFLAGS -maes -mpclmul"
+-            else
+-                # GCC needs these flags, icc doesn't
+-                # opt levels greater than 2 may cause problems on systems w/o
+-                # aesni
+-                if test "$CC" != "icc"
+-                then
+-                    AM_CFLAGS="$AM_CFLAGS -maes -msse4 -mpclmul"
+-                fi
+-            fi
++            case $host_os in
++            mingw*)
++                # Windows uses intrinsics for GCM which uses SSE4 instructions.
++                # MSVC has own build files.
++                AM_CFLAGS="$AM_CFLAGS -maes -msse4 -mpclmul"
++                ;;
++            *)
++                # Intrinsics used in AES_set_decrypt_key (TODO: rework)
++                AM_CFLAGS="$AM_CFLAGS -maes"
++                ;;
++            esac
+         fi
+         AS_IF([test "x$ENABLED_AESGCM" != "xno"],[AM_CCASFLAGS="$AM_CCASFLAGS -DHAVE_AESGCM"])
+     fi