diff --git a/databases/py-alembic/Makefile b/databases/py-alembic/Makefile
index e9385e992675..959563bb36de 100644
--- a/databases/py-alembic/Makefile
+++ b/databases/py-alembic/Makefile
@@ -1,28 +1,30 @@
 PORTNAME=	alembic
-PORTVERSION=	1.4.3
+PORTVERSION=	1.7.4
 CATEGORIES=	databases python
 MASTER_SITES=	CHEESESHOP
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	bofh@FreeBSD.org
 COMMENT=	Database migration tool for SQLAlchemy
 
 LICENSE=	MIT
+LICENSE_FILE=	${WRKSRC}/LICENSE
 
-RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}dateutil>=0:devel/py-dateutil@${PY_FLAVOR} \
+RUN_DEPENDS=	${PYTHON_PKGNAMEPREFIX}dateutil>0:devel/py-dateutil@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}importlib-metadata>0:devel/py-importlib-metadata@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}importlib-resources>0:devel/py-importlib-resources@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}mako>=0:textproc/py-mako@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}python-editor>=0:devel/py-python-editor@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}sqlalchemy12>=0:databases/py-sqlalchemy12@${PY_FLAVOR}
+		${PYTHON_PKGNAMEPREFIX}sqlalchemy14>=1.3.0:databases/py-sqlalchemy14@${PY_FLAVOR}
 
 TEST_DEPENDS=	${PYTHON_PKGNAMEPREFIX}pytest>0:devel/py-pytest@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}tox>0:devel/py-tox@${PY_FLAVOR}
 
 USES=		python:3.6+
-USE_PYTHON=	distutils autoplist
+USE_PYTHON=	autoplist concurrent distutils
 
 NO_ARCH=	yes
 
 do-test:
 	@cd ${WRKSRC} && ${LOCALBASE}/bin/tox -e ${PY_FLAVOR}
 
 .include <bsd.port.mk>
diff --git a/databases/py-alembic/distinfo b/databases/py-alembic/distinfo
index 4fec524ff11a..0714e08d5293 100644
--- a/databases/py-alembic/distinfo
+++ b/databases/py-alembic/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1601486131
-SHA256 (alembic-1.4.3.tar.gz) = 5334f32314fb2a56d86b4c4dd1ae34b08c03cae4cb888bc699942104d66bc245
-SIZE (alembic-1.4.3.tar.gz) = 1108131
+TIMESTAMP = 1634253048
+SHA256 (alembic-1.7.4.tar.gz) = 9d33f3ff1488c4bfab1e1a6dfebbf085e8a8e1a3e047a43ad29ad1f67f012a1d
+SIZE (alembic-1.7.4.tar.gz) = 1227696