diff --git a/_service b/_service
index ae798d2..4c974b7 100644
--- a/_service
+++ b/_service
@@ -4,7 +4,7 @@
     <param name="versionformat">@PARENT_TAG@</param>
     <param name="url">https://github.com/matrix-org/synapse.git</param>
     <param name="scm">git</param>
-    <param name="revision">v1.32.0</param>
+    <param name="revision">v1.32.1</param>
     <param name="versionrewrite-pattern">v(.*)</param>
     <param name="versionrewrite-replacement">\1</param>
     <!--
diff --git a/matrix-synapse-1.32.0.obscpio b/matrix-synapse-1.32.0.obscpio
deleted file mode 100644
index 21c5c19..0000000
--- a/matrix-synapse-1.32.0.obscpio
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:d2f05dd9bccf4b46caff458418f11fe055f358eddaddb6d6e8d3a401fbe59241
-size 29988365
diff --git a/matrix-synapse-1.32.1.obscpio b/matrix-synapse-1.32.1.obscpio
new file mode 100644
index 0000000..be655e1
--- /dev/null
+++ b/matrix-synapse-1.32.1.obscpio
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:e5f149a38ad2bdf8a2cf8753bd96057ce6311a7cef635ceb541931385d3e8c68
+size 29991437
diff --git a/matrix-synapse-test.spec b/matrix-synapse-test.spec
index 59f43c9..10ec816 100644
--- a/matrix-synapse-test.spec
+++ b/matrix-synapse-test.spec
@@ -27,7 +27,7 @@
 
 %define         pkgname matrix-synapse
 Name:           %{pkgname}-test
-Version:        1.32.0
+Version:        1.32.1
 Release:        0
 Summary:        Test package for %{pkgname}
 License:        Apache-2.0
diff --git a/matrix-synapse.changes b/matrix-synapse.changes
index b9cc611..a6cdafc 100644
--- a/matrix-synapse.changes
+++ b/matrix-synapse.changes
@@ -1,3 +1,19 @@
+-------------------------------------------------------------------
+Wed Apr 21 14:08:11 UTC 2021 - Marcus Rueckert <mrueckert@suse.de>
+
+- Update to v1.32.1
+
+  This release fixes a regression in Synapse 1.32.0 that caused
+  connected Prometheus instances to become unstable. If you ran
+  Synapse 1.32.0 with Prometheus metrics, first upgrade to Synapse
+  1.32.1 and follow these instructions to clean up any excess
+  writeahead logs.
+
+  - Bugfixes
+    - Fix a regression in Synapse 1.32.0 which caused Synapse to
+      report large numbers of Prometheus time series, potentially
+      overwhelming Prometheus instances. (#9854)
+
 -------------------------------------------------------------------
 Tue Apr 20 17:15:24 UTC 2021 - Marcus Rueckert <mrueckert@suse.de>
 
diff --git a/matrix-synapse.obsinfo b/matrix-synapse.obsinfo
index b287357..28bf66e 100644
--- a/matrix-synapse.obsinfo
+++ b/matrix-synapse.obsinfo
@@ -1,5 +1,5 @@
 name: matrix-synapse
-version: 1.32.0
-mtime: 1618926437
-commit: 438a8594cb5a74478da36fe33ba98d86e2ca00fc
+version: 1.32.1
+mtime: 1619012644
+commit: bdb4c20dc1ed4b5c88ac2889d1a02a32a9dd8a1f
 
diff --git a/matrix-synapse.spec b/matrix-synapse.spec
index 2e7e19b..5414142 100644
--- a/matrix-synapse.spec
+++ b/matrix-synapse.spec
@@ -45,7 +45,7 @@
 %define         pkgname matrix-synapse
 %define         eggname matrix_synapse
 Name:           %{pkgname}
-Version:        1.32.0
+Version:        1.32.1
 Release:        0
 Summary:        Matrix protocol reference homeserver
 License:        Apache-2.0