diff --git a/CHANGELOG.md b/CHANGELOG.md
index e6bbd7781..d60cf2f02 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,13 @@
 
 [1]: https://pypi.org/project/google-auth/#history
 
+## [2.32.1](https://github.com/googleapis/google-auth-library-python/compare/v2.32.0...v2.32.1) (2024-07-12)
+
+
+### Bug Fixes
+
+* **metadata:** Enhance retry logic for metadata server access in _metadata.py ([#1545](https://github.com/googleapis/google-auth-library-python/issues/1545)) ([61c2432](https://github.com/googleapis/google-auth-library-python/commit/61c24321e52f6e017eecee211e11260d621c909b))
+
 ## [2.32.0](https://github.com/googleapis/google-auth-library-python/compare/v2.31.0...v2.32.0) (2024-07-08)
 
 
diff --git a/google/auth/version.py b/google/auth/version.py
index 51f7f62ac..59eef2aab 100644
--- a/google/auth/version.py
+++ b/google/auth/version.py
@@ -12,4 +12,4 @@
 # See the License for the specific language governing permissions and
 # limitations under the License.
 
-__version__ = "2.32.0"
+__version__ = "2.32.1"