diff --git a/bitnami/python/3.8-prod/ol-7/Dockerfile b/bitnami/python/3.8-prod/ol-7/Dockerfile
index 7616e9e59e9a..ead36519b57c 100644
--- a/bitnami/python/3.8-prod/ol-7/Dockerfile
+++ b/bitnami/python/3.8-prod/ol-7/Dockerfile
@@ -1,8 +1,8 @@
-FROM bitnami/python:3.8.0-ol-7-r33 as development
+FROM bitnami/python:3.8.0-ol-7-r34 as development
 
 ######
 
-FROM bitnami/oraclelinux-runtimes:7-r502
+FROM bitnami/oraclelinux-runtimes:7-r503
 LABEL maintainer "Bitnami <containers@bitnami.com>"
 
 # Install required system packages and dependencies
@@ -11,7 +11,7 @@ RUN install_packages bzip2-libs ca-certificates glibc keyutils-libs krb5-libs li
 COPY --from=development /opt/bitnami/python /opt/bitnami/python
 
 ENV BITNAMI_APP_NAME="python" \
-    BITNAMI_IMAGE_VERSION="3.8.0-ol-7-r33-prod" \
+    BITNAMI_IMAGE_VERSION="3.8.0-ol-7-r34-prod" \
     PATH="/opt/bitnami/python/bin:$PATH"
 
 CMD [ "python" ]
diff --git a/bitnami/python/README.md b/bitnami/python/README.md
index 6b80c35e013e..74c9cffbea87 100644
--- a/bitnami/python/README.md
+++ b/bitnami/python/README.md
@@ -48,8 +48,8 @@ $ kubectl apply -f test.yaml
 Learn more about the Bitnami tagging policy and the difference between rolling tags and immutable tags [in our documentation page](https://docs.bitnami.com/containers/how-to/understand-rolling-tags-containers/).
 
 
+* [`3.8-ol-7-prod`, `3.8.0-ol-7-r34-prod` (3.8-prod/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-ol-7-r34-prod/3.8-prod/ol-7/Dockerfile)
 * [`3.8-ol-7`, `3.8.0-ol-7-r34` (3.8/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-ol-7-r34/3.8/ol-7/Dockerfile)
-* [`3.8-ol-7-prod`, `3.8.0-ol-7-r33-prod` (3.8-prod/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-ol-7-r33-prod/3.8-prod/ol-7/Dockerfile)
 * [`3.8-debian-9-prod`, `3.8.0-debian-9-r26-prod`, `3.8-prod`, `3.8.0-prod`, `3.8.0-r26-prod` (3.8-prod/debian-9/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-debian-9-r26-prod/3.8-prod/debian-9/Dockerfile)
 * [`3.8-debian-9`, `3.8.0-debian-9-r25`, `3.8`, `3.8.0`, `3.8.0-r25` (3.8/debian-9/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.8.0-debian-9-r25/3.8/debian-9/Dockerfile)
 * [`3.7-ol-7`, `3.7.5-ol-7-r36` (3.7/ol-7/Dockerfile)](https://github.com/bitnami/bitnami-docker-python/blob/3.7.5-ol-7-r36/3.7/ol-7/Dockerfile)