diff --git a/msal/sku.py b/msal/sku.py
index e383e151..2a3172aa 100644
--- a/msal/sku.py
+++ b/msal/sku.py
@@ -2,5 +2,5 @@
 """
 
 # The __init__.py will import this. Not the other way around.
-__version__ = "1.31.1" # When releasing, also check and bump our dependencies's versions if needed
+__version__ = "1.32.0"
 SKU = "MSAL.Python"