diff --git a/README.adoc b/README.adoc
index ce1a681a5c..589c601756 100644
--- a/README.adoc
+++ b/README.adoc
@@ -12,16 +12,16 @@ For samples, documentation, and usage information, please see http://ehcache.org
 
 == Current release
 
-We released 3.1.3 on September 30th 2016.
+We released 3.2.0 on December 12th 2016.
 
-The https://github.com/ehcache/ehcache3/releases/tag/v3.1.3[release notes] contain the links to the artifacts and the documentation to help you get started.
+The https://github.com/ehcache/ehcache3/releases/tag/v3.2.0[release notes] contain the links to the artifacts and the documentation to help you get started.
 
-You should consider upgrading to 3.1.x as it does all 3.0.x does and more with a fully compatible API.
-The only thing to note is that transactional support has been moved to a separate jar.
+You should consider upgrading to 3.2.x as it does all 3.0.x and 3.1.x do and more with a fully compatible API.
+The only thing to note cmopared to 3.0.x is that transactional support has been moved to a separate jar.
 
 == Current development & next release
 
-We are now working on the missing features of the clustering tier of Ehcache 3 which will be included in upcoming 3.2.x releases.
+We are still working on the missing features of the clustering tier of Ehcache 3 which will be included in upcoming releases.
 We may still do 3.1.x release to include all fixes that have been made on it, but this is now less a priority.
 There is no longer any plan for a 3.0.x release.
 
diff --git a/build.gradle b/build.gradle
index b037cd413f..646e02015b 100644
--- a/build.gradle
+++ b/build.gradle
@@ -18,7 +18,7 @@ import org.gradle.internal.jvm.Jvm
 
 ext {
 
-  baseVersion = findProperty('overrideVersion') ?: '3.2.0-SNAPSHOT'
+  baseVersion = findProperty('overrideVersion') ?: '3.2.1-SNAPSHOT'
 
   // Third parties
   offheapVersion = '2.3.2'