diff --git a/CHANGELOG.md b/CHANGELOG.md
index 66500a1f4..c31128874 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,10 @@
 # CHANGELOG
+## v3.2.1 (2024-10-04)
+
+### Fix
+
+* fixed error when assigning result of an abi_call with inner transactions that return an ABI value ([`e3ef7dd`](https://github.com/algorandfoundation/puya/commit/e3ef7ddaea0ff050aa316b385047a89435e046a6))
+
 ## v3.2.0 (2024-09-24)
 
 ### Feature
diff --git a/pyproject.toml b/pyproject.toml
index 3b1145b21..9111b30b7 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "puyapy"
-version = "3.2.0"
+version = "3.2.1"
 description = "An optimising compiler for Algorand Python"
 authors = ["Algorand Foundation <contact@algorand.foundation>"]
 readme = "README.md"