diff --git a/utils/docker-compose/Makefile b/utils/docker-compose/Makefile
index b4927898a..25fed9fdb 100644
--- a/utils/docker-compose/Makefile
+++ b/utils/docker-compose/Makefile
@@ -1,14 +1,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=compose
-PKG_VERSION:=2.2.3
+PKG_VERSION:=2.3.2
 PKG_RELEASE:=$(AUTORELEASE)
 PKG_LICENSE:=Apache-2.0
 PKG_LICENSE_FILES:=LICENSE
 
 PKG_SOURCE:=v$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/docker/compose/tar.gz/v${PKG_VERSION}?
-PKG_HASH:=22210187e73732edd9fc02f122ea61481806c703af7b73d0a7351f2e8ed7c0b8
+PKG_HASH:=11c1ea791698ec04c56d69207cf7b256e11b8dd2b4ae7b21cb5cdf875f5fe00a
 
 PKG_MAINTAINER:=Javier Marcet <javier@marcet.info>