diff --git a/misc/py-modelscope/Makefile b/misc/py-modelscope/Makefile
index 6640014087a7..72ffe6cb7240 100644
--- a/misc/py-modelscope/Makefile
+++ b/misc/py-modelscope/Makefile
@@ -1,29 +1,30 @@
 PORTNAME=	modelscope
-PORTVERSION=	1.37.1
+PORTVERSION=	1.38.1
 CATEGORIES=	misc python # machine-learning
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	Model-as-a-Service platform for AI model inference and training
 WWW=		https://www.modelscope.cn/home \
 		https://github.com/modelscope/modelscope
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	${PYTHON_PKGNAMEPREFIX}setuptools>=63.1.0:devel/py-setuptools@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}wheel>0:devel/py-wheel@${PY_FLAVOR}
 RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}filelock>0:sysutils/py-filelock@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}modelscope-hub>=0.0.7:misc/py-modelscope-hub@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}packaging>0:devel/py-packaging@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}requests>=2.25:www/py-requests@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}setuptools>=63.1.0:devel/py-setuptools@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}tqdm>=4.64.0:misc/py-tqdm@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}urllib3>=1.26:net/py-urllib3@${PY_FLAVOR} # from requirements/hub.txt, but there are other requirements files as well
+		${PYTHON_PKGNAMEPREFIX}urllib3>=1.26:net/py-urllib3@${PY_FLAVOR} # from requirements/hub.txt
 
 USES=		python
 USE_PYTHON=	pep517 concurrent autoplist
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/misc/py-modelscope/distinfo b/misc/py-modelscope/distinfo
index 4305fef05909..5ddf641377a7 100644
--- a/misc/py-modelscope/distinfo
+++ b/misc/py-modelscope/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1781832793
-SHA256 (modelscope-1.37.1.tar.gz) = 7d9124970b4e53639bebe89f60473dee7d5a80589bf35bfbef4c839933cdaf93
-SIZE (modelscope-1.37.1.tar.gz) = 4594233
+TIMESTAMP = 1785187735
+SHA256 (modelscope-1.38.1.tar.gz) = a81f3685b1545f52b415d88a763456416aa65170e622f9dcc02eadb3f8e1cfa0
+SIZE (modelscope-1.38.1.tar.gz) = 4542886
diff --git a/misc/py-modelscope/files/patch-pyproject.toml b/misc/py-modelscope/files/patch-pyproject.toml
index 807db916bd87..74ceee6d10d6 100644
--- a/misc/py-modelscope/files/patch-pyproject.toml
+++ b/misc/py-modelscope/files/patch-pyproject.toml
@@ -1,25 +1,38 @@
--- Fix pyproject.toml for compatibility with setuptools 63.1.0:
+-- Fix pyproject.toml for compatibility with the setuptools version available in ports:
 -- - Convert license string to PEP 621 table format.
 -- - Remove license-files property (not supported by setuptools<69).
 -- - Lower setuptools build requirement from >=69 to >=63.1.0.
---- pyproject.toml.orig	2026-05-22 05:56:16 UTC
+-- - Remove [project.scripts] entries because they conflict with the modelscope-hub
+--   dependency, which provides the same CLI scripts.
+--- pyproject.toml.orig	2026-07-06 15:13:12 UTC
 +++ pyproject.toml
 @@ -3,8 +3,7 @@ readme = {file = "README.md", content-type = "text/mar
  dynamic = ["version", "dependencies", "optional-dependencies"]
  description = "ModelScope: bring the notion of Model-as-a-Service to life."
  readme = {file = "README.md", content-type = "text/markdown"}
 -license = "Apache-2.0"
 -license-files = ["LICENSE"]
 +license = {text = "Apache-2.0"}
  authors = [
    {name = "ModelScope team"},
    {email = "contact@modelscope.cn"}
-@@ -28,7 +27,7 @@ ms = "modelscope.cli.cli:run_cmd"
- ms = "modelscope.cli.cli:run_cmd"
+@@ -23,10 +22,6 @@ Homepage = "https://github.com/modelscope/modelscope"
+ [project.urls]
+ Homepage = "https://github.com/modelscope/modelscope"
+ 
+-[project.scripts]
+-modelscope = "modelscope.cli.cli:run_cmd"
+-ms = "modelscope.cli.cli:run_cmd"
+-
+ [project.entry-points."modelscope_hub.cli_plugins"]
+ pipeline = "modelscope.cli.pipeline:PipelineCMD"
+ server = "modelscope.cli.server:ServerCMD"
+@@ -37,7 +32,7 @@ studio = "modelscope.cli.studio:StudioCMD"
+ studio = "modelscope.cli.studio:StudioCMD"
  
  [build-system]
 -requires = ["setuptools>=69", "wheel"]
 +requires = ["setuptools>=63.1.0", "wheel"]
  build-backend = "setuptools.build_meta"
  
  [tool.setuptools]