diff --git a/package/fake/squashfs-tools/squashfs-tools.desc b/package/fake/squashfs-tools/squashfs-tools.desc
index b46ae7b81..ec2244383 100644
--- a/package/fake/squashfs-tools/squashfs-tools.desc
+++ b/package/fake/squashfs-tools/squashfs-tools.desc
@@ -37,8 +37,8 @@
 
 [L] GPL
 [S] Stable
-[V] 2.2-r2
+[V] 3.0
 [P] X -X---5---- 104.500
 
-[D] 3832598306 squashfs2.2-r2.tar.gz http://dl.sourceforge.net/squashfs/
+[D] 611656477 squashfs3.0.tar.gz http://dl.sourceforge.net/squashfs/
 
diff --git a/target/livecd/download.txt b/target/livecd/download.txt
index e9cf71912..30c46f762 100644
--- a/target/livecd/download.txt
+++ b/target/livecd/download.txt
@@ -1 +1 @@
-3832598306 squashfs2.2-r2.tar.gz http://dl.sourceforge.net/squashfs/
+611656477 squashfs3.0.tar.gz http://dl.sourceforge.net/squashfs/
diff --git a/target/livecd/pkg_linux.conf b/target/livecd/pkg_linux.conf
index 3542786a5..dd3be3016 100644
--- a/target/livecd/pkg_linux.conf
+++ b/target/livecd/pkg_linux.conf
@@ -5,10 +5,10 @@ echo_status "Customizing for LiveCD Target ..."
 extract_squashfspatch() {
 
 	my_ver=`echo ${vanilla_ver} | sed -e 's,^\(2\.[46]\.[0-9]*\)\(\..*\)$,\1,'`
-	[ "${my_ver:0:3}" == "2.6" ] && my_ver=2.6.13 || my_ver=2.4.31
-	tar --use-compress-program=bzip2 -xOf $base/download/mirror/s/squashfs2.2-r2.tar.bz2 \
-		squashfs2.2-r2/linux-${my_ver}/squashfs2.2-patch > $archdir/squashfs2.2.patch
+	[ "${my_ver:0:3}" == "2.6" ] && my_ver=2.6.15 || my_ver=2.4.32
+	tar --use-compress-program=bzip2 -xOf $base/download/mirror/s/squashfs3.0.tar.bz2 \
+		squashfs3.0/linux-${my_ver}/squashfs3.0-patch > $archdir/squashfs3.0.patch
 }
 
 hook_add prepatch 1 extract_squashfspatch
-var_append patchfiles " " "$archdir/squashfs2.2.patch"
+var_append patchfiles " " "$archdir/squashfs3.0.patch"