diff --git a/docs/pom.xml b/docs/pom.xml
index b4e38834f..fc94dea21 100644
--- a/docs/pom.xml
+++ b/docs/pom.xml
@@ -7,7 +7,7 @@
 	<parent>
 		<groupId>org.springframework.cloud</groupId>
 		<artifactId>spring-cloud-stream-parent</artifactId>
-		<version>3.2.0-SNAPSHOT</version>
+		<version>3.2.1-SNAPSHOT</version>
 	</parent>
 	<packaging>jar</packaging>
 	<name>spring-cloud-stream-docs</name>
diff --git a/pom.xml b/pom.xml
index 912591e99..9aa9435b0 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,12 +4,12 @@
 	xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
 	<modelVersion>4.0.0</modelVersion>
 	<artifactId>spring-cloud-stream-parent</artifactId>
-	<version>3.2.0-SNAPSHOT</version>
+	<version>3.2.1-SNAPSHOT</version>
 	<packaging>pom</packaging>
 	<parent>
 		<groupId>org.springframework.cloud</groupId>
 		<artifactId>spring-cloud-build</artifactId>
-		<version>3.1.0-SNAPSHOT</version>
+		<version>3.1.0</version>
 		<relativePath />
 	</parent>
 	<scm>
@@ -25,7 +25,7 @@
 		<java.version>1.8</java.version>
 		<reactor.version>2020.0.7</reactor.version>
 		<objenesis.version>2.1</objenesis.version>
-		<spring-cloud-function.version>3.2.0-SNAPSHOT</spring-cloud-function.version>
+		<spring-cloud-function.version>3.2.0</spring-cloud-function.version>
 		<maven-checkstyle-plugin.failsOnError>true</maven-checkstyle-plugin.failsOnError>
 		<maven-checkstyle-plugin.failsOnViolation>true</maven-checkstyle-plugin.failsOnViolation>
 		<maven-checkstyle-plugin.includeTestSourceDirectory>true</maven-checkstyle-plugin.includeTestSourceDirectory>
diff --git a/spring-cloud-stream-binder-test/pom.xml b/spring-cloud-stream-binder-test/pom.xml
index 84104c47f..8e5d70cfe 100644
--- a/spring-cloud-stream-binder-test/pom.xml
+++ b/spring-cloud-stream-binder-test/pom.xml
@@ -13,7 +13,7 @@
 	<parent>
 		<groupId>org.springframework.cloud</groupId>
 		<artifactId>spring-cloud-stream-parent</artifactId>
-		<version>3.2.0-SNAPSHOT</version>
+		<version>3.2.1-SNAPSHOT</version>
 	</parent>
 
 	<dependencies>
diff --git a/spring-cloud-stream-integration-tests/pom.xml b/spring-cloud-stream-integration-tests/pom.xml
index 842793cf4..addc06f02 100644
--- a/spring-cloud-stream-integration-tests/pom.xml
+++ b/spring-cloud-stream-integration-tests/pom.xml
@@ -12,7 +12,7 @@
 	<parent>
 		<groupId>org.springframework.cloud</groupId>
 		<artifactId>spring-cloud-stream-parent</artifactId>
-		<version>3.2.0-SNAPSHOT</version>
+		<version>3.2.1-SNAPSHOT</version>
 	</parent>
 
 	<dependencies>
diff --git a/spring-cloud-stream-test-support-internal/pom.xml b/spring-cloud-stream-test-support-internal/pom.xml
index aeb3ceefa..e3f2259e2 100644
--- a/spring-cloud-stream-test-support-internal/pom.xml
+++ b/spring-cloud-stream-test-support-internal/pom.xml
@@ -6,7 +6,7 @@
 	<parent>
 		<groupId>org.springframework.cloud</groupId>
 		<artifactId>spring-cloud-stream-parent</artifactId>
-		<version>3.2.0-SNAPSHOT</version>
+		<version>3.2.1-SNAPSHOT</version>
 	</parent>
 	<artifactId>spring-cloud-stream-test-support-internal</artifactId>
 	<description>Set of classes and utility code that may assist in testing both
diff --git a/spring-cloud-stream-test-support/pom.xml b/spring-cloud-stream-test-support/pom.xml
index 979d4e103..b5eabddaa 100644
--- a/spring-cloud-stream-test-support/pom.xml
+++ b/spring-cloud-stream-test-support/pom.xml
@@ -6,7 +6,7 @@
 	<parent>
 		<groupId>org.springframework.cloud</groupId>
 		<artifactId>spring-cloud-stream-parent</artifactId>
-		<version>3.2.0-SNAPSHOT</version>
+		<version>3.2.1-SNAPSHOT</version>
 	</parent>
 	<artifactId>spring-cloud-stream-test-support</artifactId>
 	<description>A set of classes to ease testing of Spring Cloud Stream modules.
diff --git a/spring-cloud-stream/pom.xml b/spring-cloud-stream/pom.xml
index f8f6bb803..e890bf6e1 100644
--- a/spring-cloud-stream/pom.xml
+++ b/spring-cloud-stream/pom.xml
@@ -12,7 +12,7 @@
 	<parent>
 		<groupId>org.springframework.cloud</groupId>
 		<artifactId>spring-cloud-stream-parent</artifactId>
-		<version>3.2.0-SNAPSHOT</version>
+		<version>3.2.1-SNAPSHOT</version>
 	</parent>
 
 	<dependencies>