diff --git a/go.mod b/go.mod
index 5ba14e5f..eb763dee 100644
--- a/go.mod
+++ b/go.mod
@@ -4,7 +4,7 @@ go 1.18
 
 require (
 	github.com/cosmos/cosmos-sdk v0.45.8
-	github.com/cosmos/ibc-go/v3 v3.2.0
+	github.com/cosmos/ibc-go/v3 v3.2.1
 	github.com/gogo/protobuf v1.3.3
 	github.com/golang/protobuf v1.5.2
 	github.com/gorilla/mux v1.8.0
diff --git a/go.sum b/go.sum
index 16b6a1a7..9297ea42 100644
--- a/go.sum
+++ b/go.sum
@@ -345,8 +345,8 @@ github.com/cosmos/gorocksdb v1.2.0 h1:d0l3jJG8M4hBouIZq0mDUHZ+zjOx044J3nGRskwTb4
 github.com/cosmos/gorocksdb v1.2.0/go.mod h1:aaKvKItm514hKfNJpUJXnnOWeBnk2GL4+Qw9NHizILw=
 github.com/cosmos/iavl v0.19.1 h1:3gaq9b6SjiB0KBTygRnAvEGml2pQlu1TH8uma5g63Ys=
 github.com/cosmos/iavl v0.19.1/go.mod h1:X9PKD3J0iFxdmgNLa7b2LYWdsGd90ToV5cAONApkEPw=
-github.com/cosmos/ibc-go/v3 v3.2.0 h1:Mh+RWo5FHPMM1Xsrar3uwKufdEGdIp5LDkVk9cYKYYA=
-github.com/cosmos/ibc-go/v3 v3.2.0/go.mod h1:DrDYXJjWNwgv72cK1Il+BegtyGIDXcx+cnJwWGzve6o=
+github.com/cosmos/ibc-go/v3 v3.2.1 h1:cURaZNryZ7J+UrcirDzrGfuDjvfB28Zd1UJupayFdho=
+github.com/cosmos/ibc-go/v3 v3.2.1/go.mod h1:VUWLHw0C3USmTQZnTdkuXXdUdLbW8zsK3lV1Ieposog=
 github.com/cosmos/ledger-cosmos-go v0.11.1 h1:9JIYsGnXP613pb2vPjFeMMjBI5lEDsEaF6oYorTy6J4=
 github.com/cosmos/ledger-cosmos-go v0.11.1/go.mod h1:J8//BsAGTo3OC/vDLjMRFLW6q0WAaXvHnVc7ZmE8iUY=
 github.com/cosmos/ledger-go v0.9.2/go.mod h1:oZJ2hHAZROdlHiwTg4t7kP+GKIIkBT+o6c9QWFanOyI=