diff --git a/jupyterhub/values.yaml b/jupyterhub/values.yaml
index 715cb2b4f8..329237b7a7 100644
--- a/jupyterhub/values.yaml
+++ b/jupyterhub/values.yaml
@@ -274,7 +274,7 @@ proxy:
       # tag is automatically bumped to new patch versions by the
       # watch-dependencies.yaml workflow.
       #
-      tag: "v3.2.0" # ref: https://hub.docker.com/_/traefik?tab=tags
+      tag: "v3.2.1" # ref: https://hub.docker.com/_/traefik?tab=tags
       pullPolicy:
       pullSecrets: []
     hsts: