diff --git a/AFNetworking.podspec b/AFNetworking.podspec
index d60b2549cd..1e243c5660 100644
--- a/AFNetworking.podspec
+++ b/AFNetworking.podspec
@@ -1,6 +1,6 @@
 Pod::Spec.new do |s|
   s.name     = 'AFNetworking'
-  s.version  = '3.2.0'
+  s.version  = '3.2.1'
   s.license  = 'MIT'
   s.summary  = 'A delightful iOS and OS X networking framework.'
   s.homepage = 'https://github.com/AFNetworking/AFNetworking'
diff --git a/CHANGELOG.md b/CHANGELOG.md
index b9f7df8f7d..4a0548256f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -4,6 +4,28 @@ All notable changes to this project will be documented in this file.
 
 --- 
 
+## [3.2.1](https://github.com/AFNetworking/AFNetworking/releases/tag/3.2.1) (05/04/2018)
+Released on Friday, May 04, 2018. All issues associated with this milestone can be found using this [filter](https://github.com/AFNetworking/AFNetworking/issues?q=milestone%3A3.2.1+is%3Aclosed).
+
+#### Updated
+* Xcode 9.3 Support
+ * Implemented by Jeff Kelley in [#4199](https://github.com/AFNetworking/AFNetworking/pull/4199).
+* Update HTTPBin certificates for April 2018.
+ * Implemented by Jeff Kelley in [#4198](https://github.com/AFNetworking/AFNetworking/pull/4198).
+
+#### Additional Changes
+* Remove conflicting nullable specifier on init
+ * Implemented by Nick Brook and Jeff Kelley in [#4182](https://github.com/AFNetworking/AFNetworking/pull/4182).
+* Use @available if available to silence a warning.
+ * Implemented by Jeff Kelley in [#4138](https://github.com/AFNetworking/AFNetworking/pull/4138).
+* UIImageView+AFNetworking: Prevent stuck state for malformed urlRequest
+ * Implemented by Adam Duflo and aduflo in [#4131](https://github.com/AFNetworking/AFNetworking/pull/4131).
+* add the link for LICENSE
+ * Implemented by Liao Malin in [#4125](https://github.com/AFNetworking/AFNetworking/pull/4125).
+* Fix analyzer warning for upload task creation
+ * Implemented by Jeff Kelley in [#4122](https://github.com/AFNetworking/AFNetworking/pull/4122).
+ 
+
 ## [3.2.0](https://github.com/AFNetworking/AFNetworking/releases/tag/3.2.0) (12/15/2017)
 Released on Friday, December 15, 2017. All issues associated with this milestone can be found using this [filter](https://github.com/AFNetworking/AFNetworking/issues?q=milestone%3A3.2.0+is%3Aclosed).
 
diff --git a/Framework/Info.plist b/Framework/Info.plist
index 197e1ea5ee..3a389bb15d 100644
--- a/Framework/Info.plist
+++ b/Framework/Info.plist
@@ -19,7 +19,7 @@
 	<key>CFBundleSignature</key>
 	<string>????</string>
 	<key>CFBundleVersion</key>
-	<string>3.2.0</string>
+	<string>3.2.1</string>
 	<key>NSPrincipalClass</key>
 	<string></string>
 </dict>