diff --git a/CHANGELOG.md b/CHANGELOG.md
index cc98984bad6d..0542d61b88d4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## 0.2.32
+
+### Enhancements
+
+- Deprecate the `--isolated` flag in favor of `--no-config` ([#5466](https://github.com/astral-sh/uv/pull/5466))
+- Re-enable `requires-python` narrowing in forks ([#5583](https://github.com/astral-sh/uv/pull/5583))
+
+### Performance
+
+- Skip copying to empty entries in seekable zip ([#5571](https://github.com/astral-sh/uv/pull/5571))
+- Use a consistent buffer size for downloads ([#5569](https://github.com/astral-sh/uv/pull/5569))
+- Use a consistent buffer size when writing out zip files ([#5570](https://github.com/astral-sh/uv/pull/5570))
+
+### Bug fixes
+
+- Avoid setting executable permissions on files we might not own ([#5582](https://github.com/astral-sh/uv/pull/5582))
+- Statically link liblzma ([#5577](https://github.com/astral-sh/uv/pull/5577))
+
 ## 0.2.31
 
 ### Enhancements
diff --git a/Cargo.lock b/Cargo.lock
index 5379c1a93a7a..709fc5c9ce63 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -4432,7 +4432,7 @@ checksum = "81dfa00651efa65069b0b6b651f4aaa31ba9e3c3ce0137aaad053604ee7e0314"
 
 [[package]]
 name = "uv"
-version = "0.2.31"
+version = "0.2.32"
 dependencies = [
  "anstream",
  "anyhow",
@@ -5157,7 +5157,7 @@ dependencies = [
 
 [[package]]
 name = "uv-version"
-version = "0.2.31"
+version = "0.2.32"
 
 [[package]]
 name = "uv-virtualenv"
diff --git a/PREVIEW-CHANGELOG.md b/PREVIEW-CHANGELOG.md
index a13aa1ac90d9..512381e2860d 100644
--- a/PREVIEW-CHANGELOG.md
+++ b/PREVIEW-CHANGELOG.md
@@ -1,5 +1,25 @@
 # Changelog
 
+## 0.2.32
+
+### Preview features
+
+- Implement `uv run --directory` ([#5566](https://github.com/astral-sh/uv/pull/5566))
+- Add `--isolated` support to `uv run` ([#5471](https://github.com/astral-sh/uv/pull/5471))
+- Add `--no-workspace` and `--no-project` in lieu of `--isolated` ([#5465](https://github.com/astral-sh/uv/pull/5465))
+- Add documentation for cache clearing ([#5517](https://github.com/astral-sh/uv/pull/5517))
+- Add forks to lockfile, don't read them yet ([#5480](https://github.com/astral-sh/uv/pull/5480))
+- Add links to documentation footer ([#5616](https://github.com/astral-sh/uv/pull/5616))
+- Error when multiple git references are provided in `uv add` ([#5502](https://github.com/astral-sh/uv/pull/5502))
+- Improvements to the project concept docs ([#5634](https://github.com/astral-sh/uv/pull/5634))
+- List installed tools when no command is provided to `uv tool run` ([#5553](https://github.com/astral-sh/uv/pull/5553))
+- Make `--directory` a global argument ([#5579](https://github.com/astral-sh/uv/pull/5579))
+- Reframe use of `--isolated` in `tool run` ([#5470](https://github.com/astral-sh/uv/pull/5470))
+- Remove `--isolated` usages from the `uv python` API ([#5468](https://github.com/astral-sh/uv/pull/5468))
+- Rename more use of "lock file" to "lockfile" ([#5629](https://github.com/astral-sh/uv/pull/5629))
+- Suppress resolver output by default in `uv run` and `uv tool run` ([#5580](https://github.com/astral-sh/uv/pull/5580))
+- Wrap documentation at 100 characters ([#5635](https://github.com/astral-sh/uv/pull/5635))
+
 ## 0.2.31
 
 ### Preview features
diff --git a/README.md b/README.md
index deee3c735a30..beff288b1c78 100644
--- a/README.md
+++ b/README.md
@@ -53,8 +53,8 @@ curl -LsSf https://astral.sh/uv/install.sh | sh
 powershell -c "irm https://astral.sh/uv/install.ps1 | iex"
 
 # For a specific version.
-curl -LsSf https://astral.sh/uv/0.2.31/install.sh | sh
-powershell -c "irm https://astral.sh/uv/0.2.31/install.ps1 | iex"
+curl -LsSf https://astral.sh/uv/0.2.32/install.sh | sh
+powershell -c "irm https://astral.sh/uv/0.2.32/install.ps1 | iex"
 
 # With pip.
 pip install uv
diff --git a/crates/uv-version/Cargo.toml b/crates/uv-version/Cargo.toml
index 4cefb699e523..6a5ce98984db 100644
--- a/crates/uv-version/Cargo.toml
+++ b/crates/uv-version/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "uv-version"
-version = "0.2.31"
+version = "0.2.32"
 edition = { workspace = true }
 rust-version = { workspace = true }
 homepage = { workspace = true }
diff --git a/crates/uv/Cargo.toml b/crates/uv/Cargo.toml
index b11ffd70bbaf..ef531f7ad957 100644
--- a/crates/uv/Cargo.toml
+++ b/crates/uv/Cargo.toml
@@ -1,6 +1,6 @@
 [package]
 name = "uv"
-version = "0.2.31"
+version = "0.2.32"
 edition = { workspace = true }
 rust-version = { workspace = true }
 homepage = { workspace = true }
diff --git a/docs/guides/integration/pre-commit.md b/docs/guides/integration/pre-commit.md
index c590bead4619..a88535994311 100644
--- a/docs/guides/integration/pre-commit.md
+++ b/docs/guides/integration/pre-commit.md
@@ -8,7 +8,7 @@ To compile requirements via pre-commit, add the following to the `.pre-commit-co
 ```yaml title=".pre-commit-config.yaml"
 - repo: https://github.com/astral-sh/uv-pre-commit
   # uv version.
-  rev: 0.2.31
+  rev: 0.2.32
   hooks:
     # Compile requirements
     - id: pip-compile
@@ -20,7 +20,7 @@ To compile alternative files, modify `args` and `files`:
 ```yaml title=".pre-commit-config.yaml"
 - repo: https://github.com/astral-sh/uv-pre-commit
   # uv version.
-  rev: 0.2.31
+  rev: 0.2.32
   hooks:
     # Compile requirements
     - id: pip-compile
@@ -33,7 +33,7 @@ To run the hook over multiple files at the same time:
 ```yaml title=".pre-commit-config.yaml"
 - repo: https://github.com/astral-sh/uv-pre-commit
   # uv version.
-  rev: 0.2.31
+  rev: 0.2.32
   hooks:
     # Compile requirements
     - id: pip-compile
diff --git a/pyproject.toml b/pyproject.toml
index 727ba72eeacf..29e01f9e8fba 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "maturin"
 
 [project]
 name = "uv"
-version = "0.2.31"
+version = "0.2.32"
 description = "An extremely fast Python package installer and resolver, written in Rust."
 authors = [{ name = "Astral Software Inc.", email = "hey@astral.sh" }]
 requires-python = ">=3.8"