diff --git a/CHANGELOG.md b/CHANGELOG.md
index 7ff15dc..8ba6c90 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,10 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [3.2.2]
+
+- Update dependencies.
+  See [PR 52](https://github.com/libp2p/if-watch/pull/52).
 
 ## [3.2.1]
 
diff --git a/Cargo.toml b/Cargo.toml
index de14e52..00cfe1b 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "if-watch"
-version = "3.2.1"
+version = "3.2.2"
 authors = ["David Craven <david@craven.ch>", "Parity Technologies Limited <admin@parity.io>"]
 edition = "2021"
 keywords = ["asynchronous", "routing"]