diff --git a/databases/py-psycopg2/Makefile b/databases/py-psycopg2/Makefile
index a3c7a1b4f474..f390774fdb93 100644
--- a/databases/py-psycopg2/Makefile
+++ b/databases/py-psycopg2/Makefile
@@ -2,16 +2,17 @@
 # $FreeBSD$
 
 PORTNAME=	psycopg2
-PORTVERSION=	2.6.2
+PORTVERSION=	2.7.1
 CATEGORIES=	databases python
-MASTER_SITES=	http://initd.org/psycopg/tarballs/PSYCOPG-${PORTVERSION:R:S|.|-|}/ \
-		CHEESESHOP
+MASTER_SITES=	CHEESESHOP \
+		http://initd.org/psycopg/tarballs/PSYCOPG-${PORTVERSION:R:S|.|-|}/
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	sunpoet@FreeBSD.org
 COMMENT=	High performance Python adapter for PostgreSQL
 
 LICENSE=	LGPL3
+LICENSE_FILE=	${WRKSRC}/doc/COPYING.LESSER
 
 OPTIONS_DEFINE=	DOCS EXAMPLES
 
diff --git a/databases/py-psycopg2/distinfo b/databases/py-psycopg2/distinfo
index d1565e5fe2b6..bbfb3d61bf84 100644
--- a/databases/py-psycopg2/distinfo
+++ b/databases/py-psycopg2/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1477046087
-SHA256 (psycopg2-2.6.2.tar.gz) = 70490e12ed9c5c818ecd85d185d363335cc8a8cbf7212e3c185431c79ff8c05c
-SIZE (psycopg2-2.6.2.tar.gz) = 376348
+TIMESTAMP = 1492961252
+SHA256 (psycopg2-2.7.1.tar.gz) = 86c9355f5374b008c8479bc00023b295c07d508f7c3b91dbd2e74f8925b1d9c6
+SIZE (psycopg2-2.7.1.tar.gz) = 421034
diff --git a/databases/py-psycopg2/pkg-descr b/databases/py-psycopg2/pkg-descr
index c9ae9c09adbd..c876db6deb37 100644
--- a/databases/py-psycopg2/pkg-descr
+++ b/databases/py-psycopg2/pkg-descr
@@ -12,3 +12,4 @@ makes psycopg very fast in typical client-server applications that create a
 servicing thread every time a client request arrives.
 
 WWW: http://initd.org/psycopg/
+WWW: https://github.com/psycopg/psycopg2