diff --git a/archivers/py-lz4/Makefile b/archivers/py-lz4/Makefile
index d36fe7cca919..f4e99761ace1 100644
--- a/archivers/py-lz4/Makefile
+++ b/archivers/py-lz4/Makefile
@@ -1,28 +1,32 @@
 PORTNAME=	lz4
-PORTVERSION=	4.0.2
+PORTVERSION=	4.3.2
 CATEGORIES=	archivers python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	python@FreeBSD.org
 COMMENT=	Python binding for the LZ4 compression library
 WWW=		https://github.com/python-lz4/python-lz4
 
 LICENSE=	BSD3CLAUSE
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	liblz4>=1.7.5:archivers/liblz4 \
 		${PYTHON_PKGNAMEPREFIX}pkgconfig>=0:devel/py-pkgconfig@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}setuptools_scm>0:devel/py-setuptools_scm@${PY_FLAVOR}
 LIB_DEPENDS=	liblz4.so:archivers/liblz4
 TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}psutil>=0:sysutils/py-psutil@${PY_FLAVOR}
 
-USES=		python:3.7+
+USES=		localbase python:3.7+
 USE_PYTHON=	distutils pytest
 
+CONFIGURE_ENV=	PYLZ4_USE_SYSTEM_LZ4=1
+
+post-patch:
+# Clean up bundled libraries
+	@${RM} -r ${WRKSRC}/lz4libs/
+
 post-install:
-	${STRIP_CMD} ${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}/${PORTNAME}/_version*.so \
-		${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}/${PORTNAME}/block/_block*.so \
-		${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}/${PORTNAME}/frame/_frame*.so
+	${FIND} ${STAGEDIR}${PYTHON_SITELIBDIR} -name '*.so' -exec ${STRIP_CMD} {} +
 
 .include <bsd.port.mk>
diff --git a/archivers/py-lz4/distinfo b/archivers/py-lz4/distinfo
index 93d414e87f64..c527357d1314 100644
--- a/archivers/py-lz4/distinfo
+++ b/archivers/py-lz4/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1660576928
-SHA256 (lz4-4.0.2.tar.gz) = 083b7172c2938412ae37c3a090250bfdd9e4a6e855442594f86c3608ed12729b
-SIZE (lz4-4.0.2.tar.gz) = 164309
+TIMESTAMP = 1674590800
+SHA256 (lz4-4.3.2.tar.gz) = e1431d84a9cfb23e6773e72078ce8e65cad6745816d4cbf9ae67da5ea419acda
+SIZE (lz4-4.3.2.tar.gz) = 170869