diff --git a/misc/py-litellm/Makefile b/misc/py-litellm/Makefile
index e5b376d26e92..c44e68cc0991 100644
--- a/misc/py-litellm/Makefile
+++ b/misc/py-litellm/Makefile
@@ -1,5 +1,5 @@
 PORTNAME=	litellm
-DISTVERSION=	1.37.9
+DISTVERSION=	1.40.0
 CATEGORIES=	misc python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
@@ -13,7 +13,7 @@ LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}poetry-core>0:devel/py-poetry-core@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}wheel>0:devel/py-wheel@${PY_FLAVOR}
-RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}openai>=1.0.0:misc/py-openai@${PY_FLAVOR} \
+RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}openai>=1.27.0:misc/py-openai@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}python-dotenv>=0.2.0:www/py-python-dotenv@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}tiktoken>=0.4.0:textproc/py-tiktoken@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}importlib-metadata>=6.8.0:devel/py-importlib-metadata@${PY_FLAVOR} \
diff --git a/misc/py-litellm/distinfo b/misc/py-litellm/distinfo
index 89d81731e908..0bfd7f398fcd 100644
--- a/misc/py-litellm/distinfo
+++ b/misc/py-litellm/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1715825830
-SHA256 (litellm-1.37.9.tar.gz) = 2a2fecacde1e3a414b3865c99e5be3b5cffd21433e2648f660116f1ac9333294
-SIZE (litellm-1.37.9.tar.gz) = 4220395
+TIMESTAMP = 1717464600
+SHA256 (litellm-1.40.0.tar.gz) = 12b4c0ad850ede5aebdb2f48e3a8e898efb25df5bc915ff89929ad963cb92f54
+SIZE (litellm-1.40.0.tar.gz) = 4317462