diff --git a/CHANGELOG.md b/CHANGELOG.md
index 54a5c4a..8ef7a69 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+## 3.2.1 (April 28, 2026)
+
+ * FIX: Install lock misreads missing config parent dir as contention, blocking first-run installs via Homebrew on macOS, fixing #487 and #525 (Gavin Elder <gavin.elder@seqera.io>)
+
 ## 3.2.0 (April 24, 2026)
 
  * NEW FEATURE: Support comments in `.terraform-version` files — lines starting with `#` and inline `#` comments are stripped, fixing #391 and #283 (Mike Peachey <mike.peachey@bjss.com>)
diff --git a/Dockerfile b/Dockerfile
index 994a789..98ec591 100644
--- a/Dockerfile
+++ b/Dockerfile
@@ -6,7 +6,7 @@ RUN apk add --no-cache --purge \
     curl \
     ;
 
-ARG TFENV_VERSION=3.2.0
+ARG TFENV_VERSION=3.2.1
 RUN wget -O /tmp/tfenv.tar.gz "https://github.com/tfutils/tfenv/archive/refs/tags/v${TFENV_VERSION}.tar.gz" \
     && tar -C /tmp -xf /tmp/tfenv.tar.gz \
     && mv "/tmp/tfenv-${TFENV_VERSION}/bin"/* /usr/local/bin/ \