diff --git a/VERSION b/VERSION
index 244d28b6ba5..95c724d2776 100644
--- a/VERSION
+++ b/VERSION
@@ -1,3 +1,3 @@
 MYSQL_VERSION_MAJOR=10
 MYSQL_VERSION_MINOR=1
-MYSQL_VERSION_PATCH=31
+MYSQL_VERSION_PATCH=32