diff --git a/CHANGELOG.md b/CHANGELOG.md
index 08992d771..9a2ee969b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## 0.32.1
+
+**Release date:** 2023-04-03
+
+This prerelease comes with a bug fix in HelmRelease related to the
+`.spec.chart.metadata` field which wasn't truly optional, leading to empty value
+assignment even when it wasn't set.
+
+Fixes:
+- Fix chart metadata by making it truly optional
+  [#665](https://github.com/fluxcd/helm-controller/pull/665)
+
 ## 0.32.0
 
 **Release date:** 2023-03-31
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index b89a97414..103f0f1d0 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -5,4 +5,4 @@ resources:
 images:
   - name: fluxcd/helm-controller
     newName: fluxcd/helm-controller
-    newTag: v0.32.0
+    newTag: v0.32.1
diff --git a/go.mod b/go.mod
index 099a0d6d5..b3a948acd 100644
--- a/go.mod
+++ b/go.mod
@@ -5,7 +5,7 @@ go 1.18
 replace github.com/fluxcd/helm-controller/api => ./api
 
 require (
-	github.com/fluxcd/helm-controller/api v0.32.0
+	github.com/fluxcd/helm-controller/api v0.32.1
 	github.com/fluxcd/pkg/apis/acl v0.1.0
 	github.com/fluxcd/pkg/apis/event v0.4.1
 	github.com/fluxcd/pkg/apis/kustomize v1.0.0