diff --git a/CMakeLists.txt b/CMakeLists.txt
index 72a375bf47c..4d37ccb7ae2 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -8,7 +8,7 @@ set(CMAKE_POLICY_DEFAULT_CMP0069 NEW)
 # Fluent Bit Version
 set(FLB_VERSION_MAJOR  3)
 set(FLB_VERSION_MINOR  2)
-set(FLB_VERSION_PATCH  0)
+set(FLB_VERSION_PATCH  1)
 set(FLB_VERSION_STR "${FLB_VERSION_MAJOR}.${FLB_VERSION_MINOR}.${FLB_VERSION_PATCH}")
 
 set(CMAKE_POSITION_INDEPENDENT_CODE ON)
diff --git a/fluent-bit-3.2.0.bb b/fluent-bit-3.2.1.bb
similarity index 99%
rename from fluent-bit-3.2.0.bb
rename to fluent-bit-3.2.1.bb
index d9cb59aad6b..17d7149ede8 100644
--- a/fluent-bit-3.2.0.bb
+++ b/fluent-bit-3.2.1.bb
@@ -16,7 +16,7 @@ LIC_FILES_CHKSUM = "file://LICENSE;md5=2ee41112a44fe7014dce33e26468ba93"
 SECTION = "net"
 
 PR = "r0"
-PV = "3.2.0"
+PV = "3.2.1"
 
 SRCREV = "v${PV}"
 SRC_URI = "git://github.com/fluent/fluent-bit.git;nobranch=1"
diff --git a/snap/snapcraft.yaml b/snap/snapcraft.yaml
index c2220ee029d..d76e4901c9e 100644
--- a/snap/snapcraft.yaml
+++ b/snap/snapcraft.yaml
@@ -1,6 +1,6 @@
 name: fluent-bit
 base: core18
-version: '3.2.0'
+version: '3.2.1'
 summary: High performance logs and stream processor
 description: |
   Fluent Bit is a high performance log processor and stream processor for Linux.