diff --git a/libteam.spec b/libteam.spec
index 1919c38..72b9e16 100644
--- a/libteam.spec
+++ b/libteam.spec
@@ -1,6 +1,6 @@
 Name: libteam
 Version: 1.27
-Release: 4%{?dist}
+Release: 5%{?dist}
 Summary: Library for controlling team network device
 Group: System Environment/Libraries
 License: LGPLv2+
@@ -9,7 +9,7 @@ Source: http://www.libteam.org/files/libteam-%{version}.tar.gz
 BuildRequires: jansson-devel
 BuildRequires: libdaemon-devel
 BuildRequires: libnl3-devel
-BuildRequires: python-devel
+BuildRequires: python2-devel
 BuildRequires: dbus-devel
 BuildRequires: swig
 BuildRequires: doxygen
@@ -149,6 +149,10 @@ python ./setup.py install --root $RPM_BUILD_ROOT -O1
 %{python_sitearch}/*
 
 %changelog
+* Tue Jan 09 2018 Iryna Shcherbina <ishcherb@redhat.com> - 1.27-5
+- Update Python 2 dependency declarations to new packaging standards
+  (See https://fedoraproject.org/wiki/FinalizingFedoraSwitchtoPython3)
+
 * Sat Aug 19 2017 Zbigniew Jędrzejewski-Szmek <zbyszek@in.waw.pl> - 1.27-4
 - Python 2 binary package renamed to python2-libteam
   See https://fedoraproject.org/wiki/FinalizingFedoraSwitchtoPython3