diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index fd6cf21070d2a..a7a7ea1bcad60 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,4 +1,4 @@
 {
-  ".": "3.2.2",
+  ".": "3.2.3",
   "operator": "0.6.1"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0e89d405b71c0..22a4cdf868c3c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## [3.2.3](https://github.com/grafana/loki/compare/v3.2.2...v3.2.3) (2024-12-13)
+
+
+### Bug Fixes
+
+* **deps:** backport update module golang.org/x/crypto to v0.31.0 ([#15395](https://github.com/grafana/loki/issues/15395)) ([a81159e](https://github.com/grafana/loki/commit/a81159e8b373f151a489342f347046f7f730f986))
+
 ## [3.2.2](https://github.com/grafana/loki/compare/v3.2.1...v3.2.2) (2024-12-04)