diff --git a/.gitignore b/.gitignore
index fab7afd..2f767d9 100644
--- a/.gitignore
+++ b/.gitignore
@@ -15,3 +15,4 @@
 /setuptools_scm-3.3.3.tar.gz
 /setuptools_scm-3.5.0.tar.gz
 /setuptools_scm-4.1.2.tar.gz
+/setuptools_scm-5.0.1.tar.gz
diff --git a/python-setuptools_scm.spec b/python-setuptools_scm.spec
index f557738..76ede52 100644
--- a/python-setuptools_scm.spec
+++ b/python-setuptools_scm.spec
@@ -3,8 +3,8 @@
 %global srcname setuptools_scm
 
 Name:           python-%{srcname}
-Version:        4.1.2
-Release:        5%{?dist}
+Version:        5.0.1
+Release:        1%{?dist}
 Summary:        Blessed package to manage your versions by SCM tags
 
 License:        MIT
@@ -29,7 +29,6 @@ BuildRequires:  python%{python3_pkgversion}-setuptools
 %if %{with tests}
 BuildRequires:  python%{python3_pkgversion}-pip
 BuildRequires:  python%{python3_pkgversion}-pytest
-BuildRequires:  python%{python3_pkgversion}-six
 BuildRequires:  python%{python3_pkgversion}-toml
 %endif
 
@@ -60,6 +59,10 @@ PYTHONPATH=%{buildroot}%{python3_sitelib} pytest-3 -v -k 'not test_pip_download'
 %{python3_sitelib}/%{srcname}-*.egg-info/
 
 %changelog
+* Fri Jan 29 2021 Miro Hrončok <mhroncok@redhat.com> - 5.0.1-1
+- Update to 5.0.1
+- Fixes: rhbz#1907070
+
 * Wed Jan 27 2021 Fedora Release Engineering <releng@fedoraproject.org> - 4.1.2-5
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_34_Mass_Rebuild
 
diff --git a/sources b/sources
index ea664e4..5080ad6 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (setuptools_scm-4.1.2.tar.gz) = 3d9d1e0479f00f6159b57f9e5b24e34df035d2009ec50d3779c77b1246aabc6d816f2a2d3e6651791316009e39dfcc8a1b84b779077c39501b9de5740abe6af6
+SHA512 (setuptools_scm-5.0.1.tar.gz) = 055403539a26caeb119f3d6623e7b32ef52ccc11a39757fdd9b265ba191265346be5a062a5926a381ba47bbd1a666ffa632653ee6055050689cc38fe0f90cd0f