diff --git a/CHANGES.md b/CHANGES.md
index 10eebee10..23f5bef60 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,10 @@
+### Changes between Memfault SDK 0.32.2 and SDK 0.32.1 - Aug 16, 2022
+
+#### :chart_with_upwards_trend: Improvements
+
+- Zephyr port: added a fix for upcoming Zephyr 3.2 compatibility, thanks
+  @nordicjm for the fix!
+
 ### Changes between Memfault SDK 0.32.1 and SDK 0.32.0 - Aug 8, 2022
 
 #### :house: Internal
diff --git a/VERSION b/VERSION
index 9af2c8409..d236a5b72 100644
--- a/VERSION
+++ b/VERSION
@@ -1,2 +1,2 @@
-BUILD ID: 490385
-GIT COMMIT: aeb8e3734
+BUILD ID: 494632
+GIT COMMIT: b2b683510
diff --git a/components/include/memfault/version.h b/components/include/memfault/version.h
index 198519427..95b32cd15 100644
--- a/components/include/memfault/version.h
+++ b/components/include/memfault/version.h
@@ -19,7 +19,7 @@ typedef struct {
   uint8_t patch;
 } sMfltSdkVersion;
 
-#define MEMFAULT_SDK_VERSION   { .major = 0, .minor = 32, .patch = 1 }
+#define MEMFAULT_SDK_VERSION   { .major = 0, .minor = 32, .patch = 2 }
 
 #ifdef __cplusplus
 }
diff --git a/ports/zephyr/common/memfault_logging.c b/ports/zephyr/common/memfault_logging.c
index 596a92ceb..2f685afa9 100644
--- a/ports/zephyr/common/memfault_logging.c
+++ b/ports/zephyr/common/memfault_logging.c
@@ -55,9 +55,16 @@ static void prv_log_panic(struct log_backend const *const backend);
 // -Wincompatible-pointer-types between versions
 static void prv_log_init();
 
+
 // LOG2 was added in Zephyr 2.6:
 // https://github.com/zephyrproject-rtos/zephyr/commit/f1bb20f6b43b8b241e45f3f132f0e7bbfc65401b
-#if MEMFAULT_ZEPHYR_VERSION_GT(2, 5)
+// LOG2 was moved to LOG in Zephyr 3.2
+// https://github.com/zephyrproject-rtos/zephyr/issues/46500
+#if MEMFAULT_ZEPHYR_VERSION_GT(3, 1)
+static void prv_log_process(const struct log_backend *const backend, union log_msg_generic *msg) {
+  log_output_msg_process(&s_log_output_mflt, &msg->log, g_flags);
+}
+#elif MEMFAULT_ZEPHYR_VERSION_GT(2, 5)
 // Additional processing for log2 output
 static void prv_log_process(const struct log_backend *const backend, union log_msg2_generic *msg) {
   log_output_msg2_process(&s_log_output_mflt, &msg->log, g_flags);