diff --git a/contrib/build-wine/prepare-wine.sh b/contrib/build-wine/prepare-wine.sh
index 6b7a8dd289c5..4dd644c44aaf 100755
--- a/contrib/build-wine/prepare-wine.sh
+++ b/contrib/build-wine/prepare-wine.sh
@@ -5,9 +5,9 @@ NSIS_FILENAME=nsis-3.08-setup.exe
 NSIS_URL=https://downloads.sourceforge.net/project/nsis/NSIS%203/3.08/$NSIS_FILENAME
 NSIS_SHA256=bbc76be36ecb2fc00d493c91befdaf71654226ad8a4fc4dc338458916bf224d0
 
-PYINSTALLER_REPO="https://github.com/SomberNight/pyinstaller.git"
-PYINSTALLER_COMMIT="80ee4d613ecf75a1226b960a560ee01459e65ddb"
-# ^ tag 4.2, plus a custom commit that fixes cross-compilation with MinGW
+PYINSTALLER_REPO="https://github.com/pyinstaller/pyinstaller.git"
+PYINSTALLER_COMMIT="63438b1842eacd7f081fc53f1f5212bc20b7d02e"
+# ^ latest commit from "v4" branch, somewhat after "4.10" tag
 
 PYTHON_VERSION=3.9.11
 
@@ -99,12 +99,7 @@ info "Building PyInstaller."
     pushd bootloader
     # cross-compile to Windows using host python
     python3 ./waf all CC="${GCC_TRIPLET_HOST}-gcc" \
-                      CFLAGS="-static \
-                              -Wno-dangling-else \
-                              -Wno-error=unused-value \
-                              -Wno-error=implicit-function-declaration \
-                              -Wno-error=int-to-pointer-cast \
-                              -Wno-error=stringop-truncation"
+                      CFLAGS="-static"
     popd
     # sanity check bootloader is there:
     [[ -e "PyInstaller/bootloader/Windows-$PYINST_ARCH/runw.exe" ]] || fail "Could not find runw.exe in target dir!"
diff --git a/contrib/deterministic-build/requirements-build-wine.txt b/contrib/deterministic-build/requirements-build-wine.txt
index 5a411bea103a..8eadf1ad37a8 100644
--- a/contrib/deterministic-build/requirements-build-wine.txt
+++ b/contrib/deterministic-build/requirements-build-wine.txt
@@ -14,9 +14,9 @@ pyinstaller-hooks-contrib==2022.2 \
 pywin32-ctypes==0.2.0 \
     --hash=sha256:24ffc3b341d457d48e8922352130cf2644024a4ff09762a2261fd34c36ee5942 \
     --hash=sha256:9dc2d991b3479cc2df15930958b674a48a227d5361d413827a4cfd0b5876fc98
-setuptools==49.6.0 \
-    --hash=sha256:46bd862894ed22c2edff033c758c2dc026324788d758e96788e8f7c11f4e9707 \
-    --hash=sha256:4dd5bb0a0a0cff77b46ca5dd3a84857ee48c83e8223886b556613c724994073f
+setuptools==60.9.2 \
+    --hash=sha256:80743e57120665fa65665286369a0734bce0e7a629ad36507fb7a4b65e7d2e3b \
+    --hash=sha256:93b1a3037230bf9aa07327b9fc58f527d5f4e22d36705b55d55ba3ece8606ca6
 wheel==0.37.1 \
     --hash=sha256:4bdcd7d840138086126cd09254dc6195fb4fc6f01c050a1d7236f2630db1d22a \
     --hash=sha256:e9a504e793efbca1b8e0e9cb979a249cf4a0a7b5b8c9e8b65a5e39d49529c1c4
\ No newline at end of file
diff --git a/contrib/requirements/requirements-build-wine.txt b/contrib/requirements/requirements-build-wine.txt
index 1d13ad4db365..4e4e0c75d892 100644
--- a/contrib/requirements/requirements-build-wine.txt
+++ b/contrib/requirements/requirements-build-wine.txt
@@ -1,9 +1,9 @@
 pip
-setuptools<50.0.0   # 50.0.0 might break pyinstaller. see https://github.com/pyinstaller/pyinstaller/commit/e9f9d79d6b23c767512156323d0a5d28c6386a57
+setuptools
 wheel
 
 # needed by pyinstaller:
 pefile>=2017.8.1
 altgraph
 pywin32-ctypes>=0.2.0
-pyinstaller-hooks-contrib>=2020.6
+pyinstaller-hooks-contrib>=2020.11