diff --git a/security/py-oauthlib/Makefile b/security/py-oauthlib/Makefile
index ffed7a1c7c6e..c225a128e120 100644
--- a/security/py-oauthlib/Makefile
+++ b/security/py-oauthlib/Makefile
@@ -1,5 +1,5 @@
 PORTNAME=	oauthlib
-PORTVERSION=	3.2.0
+PORTVERSION=	3.2.1
 CATEGORIES=	security net python
 MASTER_SITES=	CHEESESHOP
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
diff --git a/security/py-oauthlib/distinfo b/security/py-oauthlib/distinfo
index a21a5bb350f3..3dada96c2f84 100644
--- a/security/py-oauthlib/distinfo
+++ b/security/py-oauthlib/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1647264668
-SHA256 (oauthlib-3.2.0.tar.gz) = 23a8208d75b902797ea29fd31fa80a15ed9dc2c6c16fe73f5d346f83f6fa27a2
-SIZE (oauthlib-3.2.0.tar.gz) = 163829
+TIMESTAMP = 1662826476
+SHA256 (oauthlib-3.2.1.tar.gz) = 1565237372795bf6ee3e5aba5e2a85bd5a65d0e2aa5c628b9a97b7d7a0da3721
+SIZE (oauthlib-3.2.1.tar.gz) = 176109