diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index b0380ac9c..aa3dd9a53 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.3.1
+current_version = 0.3.2
 commit = True
 tag = True
 
diff --git a/aioredis/__init__.py b/aioredis/__init__.py
index b259ad1ce..1cd3df350 100644
--- a/aioredis/__init__.py
+++ b/aioredis/__init__.py
@@ -19,7 +19,7 @@
     )
 
 
-__version__ = '0.3.1'
+__version__ = '0.3.2'
 
 # make pyflakes happy
 (create_connection, RedisConnection,
diff --git a/docs/conf.py b/docs/conf.py
index fccf7c4e8..70f592440 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -69,7 +69,7 @@
 # The short X.Y version.
 version = '0.3'
 # The full version, including alpha/beta/rc tags.
-release = '0.3.1'
+release = '0.3.2'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.