diff --git a/helm-dependencies.yaml b/helm-dependencies.yaml
index d85485554..78cbc1822 100644
--- a/helm-dependencies.yaml
+++ b/helm-dependencies.yaml
@@ -135,7 +135,7 @@ dependencies:
     version: 0.24.1
     repository: https://helm.releases.hashicorp.com
   - name: velero
-    version: 3.1.6
+    version: 3.2.0
     repository: https://vmware-tanzu.github.io/helm-charts
   - name: victoria-metrics-k8s-stack
     version: 0.14.17