diff --git a/CMakeLists.txt b/CMakeLists.txt
index b97368f..2610359 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -348,7 +348,7 @@
     write_basic_package_version_file(
         "cmake/MbedTLSConfigVersion.cmake"
             COMPATIBILITY SameMajorVersion
-            VERSION 3.1.0)
+            VERSION 3.2.0)
 
     install(
         FILES "${CMAKE_CURRENT_BINARY_DIR}/cmake/MbedTLSConfig.cmake"
diff --git a/doxygen/input/doc_mainpage.h b/doxygen/input/doc_mainpage.h
index 1c2be1a..282e9bf 100644
--- a/doxygen/input/doc_mainpage.h
+++ b/doxygen/input/doc_mainpage.h
@@ -22,7 +22,7 @@
  */
 
 /**
- * @mainpage mbed TLS v3.1.0 source code documentation
+ * @mainpage mbed TLS v3.2.0 source code documentation
  *
  * This documentation describes the internal structure of mbed TLS.  It was
  * automatically generated from specially formatted comment blocks in
diff --git a/doxygen/mbedtls.doxyfile b/doxygen/mbedtls.doxyfile
index 6d104c8..653babc 100644
--- a/doxygen/mbedtls.doxyfile
+++ b/doxygen/mbedtls.doxyfile
@@ -1,4 +1,4 @@
-PROJECT_NAME           = "mbed TLS v3.1.0"
+PROJECT_NAME           = "mbed TLS v3.2.0"
 OUTPUT_DIRECTORY       = ../apidoc/
 FULL_PATH_NAMES        = NO
 OPTIMIZE_OUTPUT_FOR_C  = YES
diff --git a/include/mbedtls/build_info.h b/include/mbedtls/build_info.h
index 3dd944c..75545f2 100644
--- a/include/mbedtls/build_info.h
+++ b/include/mbedtls/build_info.h
@@ -37,7 +37,7 @@
  * Major, Minor, Patchlevel
  */
 #define MBEDTLS_VERSION_MAJOR  3
-#define MBEDTLS_VERSION_MINOR  1
+#define MBEDTLS_VERSION_MINOR  2
 #define MBEDTLS_VERSION_PATCH  0
 
 /**
@@ -45,9 +45,9 @@
  *    MMNNPP00
  *    Major version | Minor version | Patch version
  */
-#define MBEDTLS_VERSION_NUMBER         0x03010000
-#define MBEDTLS_VERSION_STRING         "3.1.0"
-#define MBEDTLS_VERSION_STRING_FULL    "mbed TLS 3.1.0"
+#define MBEDTLS_VERSION_NUMBER         0x03020000
+#define MBEDTLS_VERSION_STRING         "3.2.0"
+#define MBEDTLS_VERSION_STRING_FULL    "mbed TLS 3.2.0"
 
 #if defined(_MSC_VER) && !defined(_CRT_SECURE_NO_DEPRECATE)
 #define _CRT_SECURE_NO_DEPRECATE 1
diff --git a/library/CMakeLists.txt b/library/CMakeLists.txt
index d08de59..d652157 100644
--- a/library/CMakeLists.txt
+++ b/library/CMakeLists.txt
@@ -274,7 +274,7 @@
 if(USE_SHARED_MBEDTLS_LIBRARY)
     set(CMAKE_LIBRARY_PATH ${CMAKE_CURRENT_BINARY_DIR})
     add_library(${mbedcrypto_target} SHARED ${src_crypto})
-    set_target_properties(${mbedcrypto_target} PROPERTIES VERSION 3.1.0 SOVERSION 11)
+    set_target_properties(${mbedcrypto_target} PROPERTIES VERSION 3.2.0 SOVERSION 12)
     target_link_libraries(${mbedcrypto_target} PUBLIC ${libs})
 
     if(TARGET everest)
@@ -282,11 +282,11 @@
     endif()
 
     add_library(${mbedx509_target} SHARED ${src_x509})
-    set_target_properties(${mbedx509_target} PROPERTIES VERSION 3.1.0 SOVERSION 4)
+    set_target_properties(${mbedx509_target} PROPERTIES VERSION 3.2.0 SOVERSION 4)
     target_link_libraries(${mbedx509_target} PUBLIC ${libs} ${mbedcrypto_target})
 
     add_library(${mbedtls_target} SHARED ${src_tls})
-    set_target_properties(${mbedtls_target} PROPERTIES VERSION 3.1.0 SOVERSION 17)
+    set_target_properties(${mbedtls_target} PROPERTIES VERSION 3.2.0 SOVERSION 18)
     target_link_libraries(${mbedtls_target} PUBLIC ${libs} ${mbedx509_target})
 endif(USE_SHARED_MBEDTLS_LIBRARY)
 
diff --git a/library/Makefile b/library/Makefile
index d267e05..f5ff474 100644
--- a/library/Makefile
+++ b/library/Makefile
@@ -47,9 +47,9 @@
 endif
 endif
 
-SOEXT_TLS=so.17
+SOEXT_TLS=so.18
 SOEXT_X509=so.4
-SOEXT_CRYPTO=so.11
+SOEXT_CRYPTO=so.12
 
 # Set AR_DASH= (empty string) to use an ar implementation that does not accept
 # the - prefix for command line options (e.g. llvm-ar)
diff --git a/tests/suites/test_suite_version.data b/tests/suites/test_suite_version.data
index da12382..e4ffded 100644
--- a/tests/suites/test_suite_version.data
+++ b/tests/suites/test_suite_version.data
@@ -1,8 +1,8 @@
 Check compile time library version
-check_compiletime_version:"3.1.0"
+check_compiletime_version:"3.2.0"
 
 Check runtime library version
-check_runtime_version:"3.1.0"
+check_runtime_version:"3.2.0"
 
 Check for MBEDTLS_VERSION_C
 check_feature:"MBEDTLS_VERSION_C":0