diff --git a/bom/application/pom.xml b/bom/application/pom.xml
index d67c85aa6ae1d..8037f8a393013 100644
--- a/bom/application/pom.xml
+++ b/bom/application/pom.xml
@@ -89,7 +89,7 @@
         <jboss-metadata-web.version>16.0.0.Final</jboss-metadata-web.version>
         <maven-toolchain.version>3.0-alpha-2</maven-toolchain.version>
         <plexus-component-annotations.version>2.1.0</plexus-component-annotations.version>
-        <graal-sdk.version>22.3.0</graal-sdk.version>
+        <graal-sdk.version>22.3.2</graal-sdk.version>
         <graal-svm.version>${graal-sdk.version}</graal-svm.version>
         <gizmo.version>1.6.1.Final</gizmo.version>
         <jackson-bom.version>2.15.0</jackson-bom.version>
diff --git a/core/deployment/src/main/java/io/quarkus/deployment/pkg/steps/GraalVM.java b/core/deployment/src/main/java/io/quarkus/deployment/pkg/steps/GraalVM.java
index 35977c000ca4f..7ef84c9b0303e 100644
--- a/core/deployment/src/main/java/io/quarkus/deployment/pkg/steps/GraalVM.java
+++ b/core/deployment/src/main/java/io/quarkus/deployment/pkg/steps/GraalVM.java
@@ -132,12 +132,13 @@ public static final class Version implements Comparable<Version> {
         static final Version UNVERSIONED = new Version("Undefined", "snapshot", Distribution.ORACLE);
         static final Version VERSION_21_3 = new Version("GraalVM 21.3", "21.3", Distribution.ORACLE);
         static final Version VERSION_21_3_0 = new Version("GraalVM 21.3.0", "21.3.0", Distribution.ORACLE);
+        public static final Version VERSION_22_3_2 = new Version("GraalVM 22.3.2", "22.3.2", Distribution.ORACLE);
         public static final Version VERSION_22_3_0 = new Version("GraalVM 22.3.0", "22.3.0", Distribution.ORACLE);
         public static final Version VERSION_22_2_0 = new Version("GraalVM 22.2.0", "22.2.0", Distribution.ORACLE);
         public static final Version VERSION_23_0_0 = new Version("GraalVM 23.0.0", "23.0.0", Distribution.ORACLE);
 
         public static final Version MINIMUM = VERSION_22_2_0;
-        public static final Version CURRENT = VERSION_22_3_0;
+        public static final Version CURRENT = VERSION_22_3_2;
         public static final int UNDEFINED = -1;
 
         final String fullVersion;
diff --git a/independent-projects/bootstrap/pom.xml b/independent-projects/bootstrap/pom.xml
index 730366f50975a..190bd5d6e7d37 100644
--- a/independent-projects/bootstrap/pom.xml
+++ b/independent-projects/bootstrap/pom.xml
@@ -71,7 +71,7 @@
         <jboss-logmanager-embedded.version>1.0.11</jboss-logmanager-embedded.version>
         <slf4j-jboss-logmanager.version>1.1.0.Final</slf4j-jboss-logmanager.version>
         <slf4j-api.version>1.7.36</slf4j-api.version>
-        <graal-sdk.version>22.3.0</graal-sdk.version>
+        <graal-sdk.version>22.3.2</graal-sdk.version>
         <plexus-classworlds.version>2.6.0</plexus-classworlds.version> <!-- not actually used but ClassRealm class is referenced from the API used in BootstrapWagonConfigurator -->
         <plexus-cipher.version>1.7</plexus-cipher.version>
         <plexus-utils.version>3.5.1</plexus-utils.version>