diff --git a/README.md b/README.md
index 72bb8b041c..a6e7cd22c1 100644
--- a/README.md
+++ b/README.md
@@ -98,11 +98,11 @@ Powering infrastructure near you:
 Download from [Maven Central][maven] or depend via Gradle:
 
 ```gradle
-implementation("com.github.ben-manes.caffeine:caffeine:3.1.8")
+implementation("com.github.ben-manes.caffeine:caffeine:3.2.0")
 
 // Optional extensions
-implementation("com.github.ben-manes.caffeine:guava:3.1.8")
-implementation("com.github.ben-manes.caffeine:jcache:3.1.8")
+implementation("com.github.ben-manes.caffeine:guava:3.2.0")
+implementation("com.github.ben-manes.caffeine:jcache:3.2.0")
 ```
 
 For Java 11 or above, use `3.x` otherwise use `2.x`.
diff --git a/build.gradle.kts b/build.gradle.kts
index 3230d671b3..38c5b220c7 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -8,6 +8,6 @@ allprojects {
   version(
     major = 3, // incompatible API changes
     minor = 2, // backwards-compatible additions
-    patch = 0, // backwards-compatible bug fixes
+    patch = 1, // backwards-compatible bug fixes
     releaseBuild = rootProject.hasProperty("release"))
 }
diff --git a/examples/coalescing-bulkloader-reactor/gradle/libs.versions.toml b/examples/coalescing-bulkloader-reactor/gradle/libs.versions.toml
index 299c2ec435..cb23a217b4 100644
--- a/examples/coalescing-bulkloader-reactor/gradle/libs.versions.toml
+++ b/examples/coalescing-bulkloader-reactor/gradle/libs.versions.toml
@@ -1,5 +1,5 @@
 [versions]
-caffeine = "3.1.8"
+caffeine = "3.2.0"
 junit = "5.11.4"
 reactor = "3.7.2"
 truth = "1.4.4"
diff --git a/examples/graal-native/gradle/libs.versions.toml b/examples/graal-native/gradle/libs.versions.toml
index 610926466a..c6f81db169 100644
--- a/examples/graal-native/gradle/libs.versions.toml
+++ b/examples/graal-native/gradle/libs.versions.toml
@@ -1,5 +1,5 @@
 [versions]
-caffeine = "3.1.8"
+caffeine = "3.2.0"
 graal = "0.10.4"
 junit = "5.11.4"
 truth = "1.4.4"
diff --git a/examples/hibernate/gradle/libs.versions.toml b/examples/hibernate/gradle/libs.versions.toml
index f8c181ca81..b223c29ad2 100644
--- a/examples/hibernate/gradle/libs.versions.toml
+++ b/examples/hibernate/gradle/libs.versions.toml
@@ -1,5 +1,5 @@
 [versions]
-caffeine = "3.1.8"
+caffeine = "3.2.0"
 h2 = "2.3.232"
 hibernate = "7.0.0.Beta3"
 junit = "5.11.4"
diff --git a/examples/indexable/gradle/libs.versions.toml b/examples/indexable/gradle/libs.versions.toml
index 4f53e3cc48..efbd314c95 100644
--- a/examples/indexable/gradle/libs.versions.toml
+++ b/examples/indexable/gradle/libs.versions.toml
@@ -1,5 +1,5 @@
 [versions]
-caffeine = "3.1.8"
+caffeine = "3.2.0"
 guava = "33.4.0-jre"
 junit-jupiter = "5.11.4"
 truth = "1.4.4"
diff --git a/examples/resilience-failsafe/gradle/libs.versions.toml b/examples/resilience-failsafe/gradle/libs.versions.toml
index f31b2bb6b7..7ae352b669 100644
--- a/examples/resilience-failsafe/gradle/libs.versions.toml
+++ b/examples/resilience-failsafe/gradle/libs.versions.toml
@@ -1,5 +1,5 @@
 [versions]
-caffeine = "3.1.8"
+caffeine = "3.2.0"
 failsafe = "3.3.2"
 junit = "5.11.4"
 truth = "1.4.4"
diff --git a/examples/write-behind-rxjava/gradle/libs.versions.toml b/examples/write-behind-rxjava/gradle/libs.versions.toml
index 569bfe4b09..c463307eba 100644
--- a/examples/write-behind-rxjava/gradle/libs.versions.toml
+++ b/examples/write-behind-rxjava/gradle/libs.versions.toml
@@ -1,6 +1,6 @@
 [versions]
 awaitility = "4.2.2"
-caffeine = "3.1.8"
+caffeine = "3.2.0"
 junit = "5.11.4"
 rxjava = "3.1.10"
 versions = "0.51.0"
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 8633e74a34..fb6bf9a03d 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -6,7 +6,7 @@ bcel = "6.10.0"
 bnd = "7.1.0"
 bouncycastle-jdk18on = "1.80"
 cache2k = "2.6.1.Final"
-caffeine = "3.1.8"
+caffeine = "3.2.0"
 checkstyle = "10.21.1"
 coherence = "24.09"
 commons-collections4 = "4.5.0-M3"