diff --git a/README.md b/README.md
index 4a6671ad814..bc32bb01a0d 100644
--- a/README.md
+++ b/README.md
@@ -56,7 +56,7 @@ Make sure you activated the full features of the tokio crate on Cargo.toml:
 
 ```toml
 [dependencies]
-tokio = { version = "1.32.0", features = ["full"] }
+tokio = { version = "1.32.1", features = ["full"] }
 ```
 Then, on your main.rs:
 
diff --git a/tokio/CHANGELOG.md b/tokio/CHANGELOG.md
index 5fd10187627..882709a34b6 100644
--- a/tokio/CHANGELOG.md
+++ b/tokio/CHANGELOG.md
@@ -1,3 +1,13 @@
+# 1.32.1 (December 19, 2023)
+
+This is a forward part of a change that was backported to 1.25.3.
+
+### Fixed
+
+- io: add budgeting to `tokio::runtime::io::registration::async_io` ([#6221])
+
+[#6221]: https://github.com/tokio-rs/tokio/pull/6221
+
 # 1.32.0 (August 16, 2023)
 
 ### Fixed
diff --git a/tokio/Cargo.toml b/tokio/Cargo.toml
index 19384b75d54..0e50137b7fe 100644
--- a/tokio/Cargo.toml
+++ b/tokio/Cargo.toml
@@ -6,7 +6,7 @@ name = "tokio"
 #   - README.md
 # - Update CHANGELOG.md.
 # - Create "v1.x.y" git tag.
-version = "1.32.0"
+version = "1.32.1"
 edition = "2021"
 rust-version = "1.63"
 authors = ["Tokio Contributors <team@tokio.rs>"]
diff --git a/tokio/README.md b/tokio/README.md
index 4a6671ad814..bc32bb01a0d 100644
--- a/tokio/README.md
+++ b/tokio/README.md
@@ -56,7 +56,7 @@ Make sure you activated the full features of the tokio crate on Cargo.toml:
 
 ```toml
 [dependencies]
-tokio = { version = "1.32.0", features = ["full"] }
+tokio = { version = "1.32.1", features = ["full"] }
 ```
 Then, on your main.rs: