diff --git a/v2/cmd/wails/internal/commands/update/update.go b/v2/cmd/wails/internal/commands/update/update.go
new file mode 100644
index 000000000..163784476
--- /dev/null
+++ b/v2/cmd/wails/internal/commands/update/update.go
@@ -0,0 +1,164 @@
+package update
+
+import (
+	"fmt"
+	"io"
+	"log"
+	"os"
+
+	"github.com/wailsapp/wails/v2/internal/shell"
+
+	"github.com/wailsapp/wails/v2/internal/github"
+
+	"github.com/leaanthony/clir"
+	"github.com/wailsapp/wails/v2/pkg/clilogger"
+)
+
+// AddSubcommand adds the `init` command for the Wails application
+func AddSubcommand(app *clir.Cli, w io.Writer, currentVersion string) error {
+
+	command := app.NewSubCommand("update", "Update the Wails CLI")
+	command.LongDescription(`This command allows you to update your version of Wails.`)
+
+	// Setup flags
+	var prereleaseRequired bool
+	command.BoolFlag("pre", "Update to latest Prerelease", &prereleaseRequired)
+
+	var specificVersion string
+	command.StringFlag("version", "Install a specific version (Overrides other flags)", &specificVersion)
+
+	command.Action(func() error {
+
+		// Create logger
+		logger := clilogger.New(w)
+
+		// Print banner
+		app.PrintBanner()
+		logger.Println("Checking for updates...")
+
+		var desiredVersion *github.SemanticVersion
+		var err error
+		var valid bool
+
+		if len(specificVersion) > 0 {
+			// Check if this is a valid version
+			valid, err = github.IsValidTag(specificVersion)
+			if err == nil {
+				if !valid {
+					err = fmt.Errorf("version '%s' is invalid", specificVersion)
+				} else {
+					desiredVersion, err = github.NewSemanticVersion(specificVersion)
+				}
+			}
+		} else {
+			if prereleaseRequired {
+				desiredVersion, err = github.GetLatestPreRelease()
+			} else {
+				desiredVersion, err = github.GetLatestStableRelease()
+			}
+		}
+		if err != nil {
+			return err
+		}
+		fmt.Println()
+
+		fmt.Println("    Current Version : " + currentVersion)
+
+		if len(specificVersion) > 0 {
+			fmt.Printf("    Desired Version : v%s\n", desiredVersion)
+		} else {
+			if prereleaseRequired {
+				fmt.Printf("  Latest Prerelease : v%s\n", desiredVersion)
+			} else {
+				fmt.Printf("     Latest Release : v%s\n", desiredVersion)
+			}
+		}
+
+		return updateToVersion(logger, desiredVersion, len(specificVersion) > 0, currentVersion)
+	})
+
+	return nil
+}
+
+func updateToVersion(logger *clilogger.CLILogger, targetVersion *github.SemanticVersion, force bool, currentVersion string) error {
+
+	var targetVersionString = "v" + targetVersion.String()
+
+	// Early exit
+	if targetVersionString == currentVersion {
+		logger.Println("Looks like you're up to date!")
+		return nil
+	}
+
+	var desiredVersion string
+
+	if !force {
+
+		compareVersion := currentVersion
+
+		currentVersion, err := github.NewSemanticVersion(compareVersion)
+		if err != nil {
+			return err
+		}
+
+		var success bool
+
+		// Release -> Pre-Release = Massage current version to prerelease format
+		if targetVersion.IsPreRelease() && currentVersion.IsRelease() {
+			testVersion, err := github.NewSemanticVersion(compareVersion + "-0")
+			if err != nil {
+				return err
+			}
+			success, _ = targetVersion.IsGreaterThan(testVersion)
+		}
+		// Pre-Release -> Release = Massage target version to prerelease format
+		if targetVersion.IsRelease() && currentVersion.IsPreRelease() {
+			// We are ok with greater than or equal
+			mainversion := currentVersion.MainVersion()
+			targetVersion, err = github.NewSemanticVersion(targetVersion.String())
+			if err != nil {
+				return err
+			}
+			success, _ = targetVersion.IsGreaterThanOrEqual(mainversion)
+		}
+
+		// Release -> Release = Standard check
+		if (targetVersion.IsRelease() && currentVersion.IsRelease()) ||
+			(targetVersion.IsPreRelease() && currentVersion.IsPreRelease()) {
+
+			success, _ = targetVersion.IsGreaterThan(currentVersion)
+		}
+
+		// Compare
+		if !success {
+			logger.Println("Error: The requested version is lower than the current version.")
+			logger.Println("If this is what you really want to do, use `wails update -version %s`", targetVersionString)
+			return nil
+		}
+
+		desiredVersion = "v" + targetVersion.String()
+
+	} else {
+		desiredVersion = "v" + targetVersion.String()
+	}
+
+	fmt.Println()
+	logger.Print("Installing Wails " + desiredVersion + "...")
+
+	// Run command in non module directory
+	homeDir, err := os.UserHomeDir()
+	if err != nil {
+		log.Fatal("Cannot find home directory! Please file a bug report!")
+	}
+
+	sout, serr, err := shell.RunCommand(homeDir, "go", "get", "github.com/wailsapp/wails/v2/cmd/wails@"+desiredVersion)
+	if err != nil {
+		logger.Println("Failed.")
+		logger.Println(sout + `\n` + serr)
+		return err
+	}
+	fmt.Println()
+	logger.Println("Wails updated to " + desiredVersion)
+
+	return nil
+}
diff --git a/v2/cmd/wails/main.go b/v2/cmd/wails/main.go
index b989af219..01eee20bf 100644
--- a/v2/cmd/wails/main.go
+++ b/v2/cmd/wails/main.go
@@ -3,6 +3,8 @@ package main
 import (
 	"os"
 
+	"github.com/wailsapp/wails/v2/cmd/wails/internal/commands/update"
+
 	"github.com/leaanthony/clir"
 	"github.com/wailsapp/wails/v2/cmd/wails/internal/commands/build"
 	"github.com/wailsapp/wails/v2/cmd/wails/internal/commands/debug"
@@ -48,6 +50,11 @@ func main() {
 		fatal(err.Error())
 	}
 
+	err = update.AddSubcommand(app, os.Stdout, version)
+	if err != nil {
+		fatal(err.Error())
+	}
+
 	err = app.Run()
 	if err != nil {
 		println("\n\nERROR: " + err.Error())
diff --git a/v2/go.mod b/v2/go.mod
index abe0a62af..9de864dd1 100644
--- a/v2/go.mod
+++ b/v2/go.mod
@@ -3,6 +3,7 @@ module github.com/wailsapp/wails/v2
 go 1.15
 
 require (
+	github.com/Masterminds/semver v1.5.0
 	github.com/davecgh/go-spew v1.1.1
 	github.com/fatih/structtag v1.2.0
 	github.com/fsnotify/fsnotify v1.4.9
diff --git a/v2/go.sum b/v2/go.sum
index 08f80d04b..a68cf8d70 100644
--- a/v2/go.sum
+++ b/v2/go.sum
@@ -1,3 +1,5 @@
+github.com/Masterminds/semver v1.5.0 h1:H65muMkzWKEuNDnfl9d70GUjFniHKHRbFPGBuZ3QEww=
+github.com/Masterminds/semver v1.5.0/go.mod h1:MB6lktGJrhw8PrUyiEoblNEGEQ+RzHPF078ddwwvV3Y=
 github.com/davecgh/go-spew v1.1.0/go.mod h1:J7Y8YcW2NihsgmVo/mv3lAwl/skON4iLHjSsI+c5H38=
 github.com/davecgh/go-spew v1.1.1 h1:vj9j/u1bqnvCEfJOwUhtlOARqs3+rkHYY13jYWTU97c=
 github.com/davecgh/go-spew v1.1.1/go.mod h1:J7Y8YcW2NihsgmVo/mv3lAwl/skON4iLHjSsI+c5H38=
diff --git a/v2/internal/github/github.go b/v2/internal/github/github.go
new file mode 100644
index 000000000..e91b296e1
--- /dev/null
+++ b/v2/internal/github/github.go
@@ -0,0 +1,103 @@
+package github
+
+import (
+	"encoding/json"
+	"fmt"
+	"io/ioutil"
+	"net/http"
+	"sort"
+	"strings"
+)
+
+// GetVersionTags gets the list of tags on the Wails repo
+// It returns a list of sorted tags in descending order
+func GetVersionTags() ([]*SemanticVersion, error) {
+
+	result := []*SemanticVersion{}
+	var err error
+
+	resp, err := http.Get("https://api.github.com/repos/wailsapp/wails/tags")
+	if err != nil {
+		return result, err
+	}
+	body, err := ioutil.ReadAll(resp.Body)
+	if err != nil {
+		return result, err
+	}
+
+	data := []map[string]interface{}{}
+	err = json.Unmarshal(body, &data)
+	if err != nil {
+		return result, err
+	}
+
+	// Convert tag data to Version structs
+	for _, tag := range data {
+		version := tag["name"].(string)
+		if !strings.HasPrefix(version, "v2") {
+			continue
+		}
+		semver, err := NewSemanticVersion(version)
+		if err != nil {
+			return result, err
+		}
+		result = append(result, semver)
+	}
+
+	// Reverse Sort
+	sort.Sort(sort.Reverse(SemverCollection(result)))
+
+	return result, err
+}
+
+// GetLatestStableRelease gets the latest stable release on GitHub
+func GetLatestStableRelease() (result *SemanticVersion, err error) {
+
+	tags, err := GetVersionTags()
+	if err != nil {
+		return nil, err
+	}
+
+	for _, tag := range tags {
+		if tag.IsRelease() {
+			return tag, nil
+		}
+	}
+
+	return nil, fmt.Errorf("no release tag found")
+}
+
+// GetLatestPreRelease gets the latest prerelease on GitHub
+func GetLatestPreRelease() (result *SemanticVersion, err error) {
+
+	tags, err := GetVersionTags()
+	if err != nil {
+		return nil, err
+	}
+
+	for _, tag := range tags {
+		if tag.IsPreRelease() {
+			return tag, nil
+		}
+	}
+
+	return nil, fmt.Errorf("no prerelease tag found")
+}
+
+// IsValidTag returns true if the given string is a valid tag
+func IsValidTag(tagVersion string) (bool, error) {
+	if tagVersion[0] == 'v' {
+		tagVersion = tagVersion[1:]
+	}
+	tags, err := GetVersionTags()
+	if err != nil {
+		return false, err
+	}
+
+	for _, tag := range tags {
+		if tag.String() == tagVersion {
+			return true, nil
+		}
+	}
+	return false, nil
+}
diff --git a/v2/internal/github/semver.go b/v2/internal/github/semver.go
new file mode 100644
index 000000000..1cf5907fa
--- /dev/null
+++ b/v2/internal/github/semver.go
@@ -0,0 +1,106 @@
+package github
+
+import (
+	"fmt"
+
+	"github.com/Masterminds/semver"
+)
+
+// SemanticVersion is a struct containing a semantic version
+type SemanticVersion struct {
+	Version *semver.Version
+}
+
+// NewSemanticVersion creates a new SemanticVersion object with the given version string
+func NewSemanticVersion(version string) (*SemanticVersion, error) {
+	semverVersion, err := semver.NewVersion(version)
+	if err != nil {
+		return nil, err
+	}
+	return &SemanticVersion{
+		Version: semverVersion,
+	}, nil
+}
+
+// IsRelease returns true if it's a release version
+func (s *SemanticVersion) IsRelease() bool {
+	// Limit to v2
+	if s.Version.Major() != 2 {
+		return false
+	}
+	return len(s.Version.Prerelease()) == 0 && len(s.Version.Metadata()) == 0
+}
+
+// IsPreRelease returns true if it's a prerelease version
+func (s *SemanticVersion) IsPreRelease() bool {
+	// Limit to v1
+	if s.Version.Major() != 2 {
+		return false
+	}
+	return len(s.Version.Prerelease()) > 0
+}
+
+func (s *SemanticVersion) String() string {
+	return s.Version.String()
+}
+
+// IsGreaterThan returns true if this version is greater than the given version
+func (s *SemanticVersion) IsGreaterThan(version *SemanticVersion) (bool, error) {
+	// Set up new constraint
+	constraint, err := semver.NewConstraint("> " + version.Version.String())
+	if err != nil {
+		return false, err
+	}
+
+	// Check if the desired one is greater than the requested on
+	success, msgs := constraint.Validate(s.Version)
+	if !success {
+		return false, msgs[0]
+	}
+	return true, nil
+}
+
+// IsGreaterThanOrEqual returns true if this version is greater than or equal the given version
+func (s *SemanticVersion) IsGreaterThanOrEqual(version *SemanticVersion) (bool, error) {
+	// Set up new constraint
+	constraint, err := semver.NewConstraint(">= " + version.Version.String())
+	if err != nil {
+		return false, err
+	}
+
+	// Check if the desired one is greater than the requested on
+	success, msgs := constraint.Validate(s.Version)
+	if !success {
+		return false, msgs[0]
+	}
+	return true, nil
+}
+
+// MainVersion returns the main version of any version+prerelease+metadata
+// EG: MainVersion("1.2.3-pre") => "1.2.3"
+func (s *SemanticVersion) MainVersion() *SemanticVersion {
+	mainVersion := fmt.Sprintf("%d.%d.%d", s.Version.Major(), s.Version.Minor(), s.Version.Patch())
+	result, _ := NewSemanticVersion(mainVersion)
+	return result
+}
+
+// SemverCollection is a collection of SemanticVersion objects
+type SemverCollection []*SemanticVersion
+
+// Len returns the length of a collection. The number of Version instances
+// on the slice.
+func (c SemverCollection) Len() int {
+	return len(c)
+}
+
+// Less is needed for the sort interface to compare two Version objects on the
+// slice. If checks if one is less than the other.
+func (c SemverCollection) Less(i, j int) bool {
+	return c[i].Version.LessThan(c[j].Version)
+}
+
+// Swap is needed for the sort interface to replace the Version objects
+// at two different positions in the slice.
+func (c SemverCollection) Swap(i, j int) {
+	c[i], c[j] = c[j], c[i]
+}