diff --git a/.pre-commit-config.yaml b/.pre-commit-config.yaml
index 71e5b333..a9c28dce 100644
--- a/.pre-commit-config.yaml
+++ b/.pre-commit-config.yaml
@@ -24,7 +24,7 @@ repos:
     -   id: add-trailing-comma
         args: [--py36-plus]
 -   repo: https://github.com/asottile/pyupgrade
-    rev: v3.2.0
+    rev: v3.2.1
     hooks:
     -   id: pyupgrade
         args: [--py37-plus]
diff --git a/README.md b/README.md
index 3f2d8530..fc0fc23c 100644
--- a/README.md
+++ b/README.md
@@ -22,7 +22,7 @@ Sample `.pre-commit-config.yaml`:
 
 ```yaml
 -   repo: https://github.com/asottile/pyupgrade
-    rev: v3.2.0
+    rev: v3.2.1
     hooks:
     -   id: pyupgrade
 ```
diff --git a/setup.cfg b/setup.cfg
index eafce00e..9ca4cffc 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,6 +1,6 @@
 [metadata]
 name = pyupgrade
-version = 3.2.0
+version = 3.2.1
 description = A tool to automatically upgrade syntax for newer versions.
 long_description = file: README.md
 long_description_content_type = text/markdown