diff --git a/utils/docker-compose/Makefile b/utils/docker-compose/Makefile
index b92fcc1c60..ebb94ef1e2 100644
--- a/utils/docker-compose/Makefile
+++ b/utils/docker-compose/Makefile
@@ -1,14 +1,14 @@
 include $(TOPDIR)/rules.mk
 
 PKG_NAME:=compose
-PKG_VERSION:=2.23.1
+PKG_VERSION:=2.23.2
 PKG_RELEASE:=1
 PKG_LICENSE:=Apache-2.0
 PKG_LICENSE_FILES:=LICENSE
 
 PKG_SOURCE:=v$(PKG_VERSION).tar.gz
 PKG_SOURCE_URL:=https://codeload.github.com/docker/compose/tar.gz/v${PKG_VERSION}?
-PKG_HASH:=9b4fba785b09d6745c35fff440cf5e2ce80bf7216dcb048535a7761dec492d11
+PKG_HASH:=aa50bdca0b7921002cc3556eb42343d2922459ce4ac43bb4bec46e6be2fda07a
 
 PKG_MAINTAINER:=Javier Marcet <javier@marcet.info>