diff --git a/CHANGELOG.md b/CHANGELOG.md
index 38619cfcd..5312ff589 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -183,6 +183,58 @@ GitLab](./docs/admin-guide.md#using-aws-codeconnections-for-bitbucket-github-or-
 
 ---
 
+## v3.2.1
+
+The upcoming v4 release will introduce breaking changes. As always, it is
+recommended to thoroughly review and test the upgrade procedure in a
+non-production environment.
+
+Unfortunately, a few issues popped up in ADF v3.2.0 that block a clean
+installation in a new environment. Making it harder to test the upgrade
+process. This release resolves those issues and includes an updated installer
+for ADF to simplify installation.
+
+We hope this shortens the time required to prepare for the v4 upgrade.
+
+---
+
+### Fixes
+
+* Fix management account config alias through ADF account management (#596) by
+  @sbkok.
+* Fix CodeBuild stage naming bug (#628) by @pozeus, resolves #627.
+* Fix Jinja2 template rendering with autoescape enabled (#690) by @sujay0412.
+* Fix missing deployment_account_id and initial deployment global IAM bootstrap
+  (#686) by @sbkok, resolves #594 and #659.
+* Fix permissions to enable delete default VPC in management account (#699) by
+  @sbkok.
+* Fix tagging of Cross Account Access role in the management account (#700) by
+  @sbkok.
+* Fix CloudFormation cross-region changeset approval (#701) by @sbkok.
+* Fix clean bootstrap of the deployment account (#703) by @sbkok, resolves #696.
+* Bump Jinja2 from 3.1.3 to 3.1.4 (#720 and #721) by @dependabot.
+* Fix account management lambdas in v3.2 (#729) by @sbkok.
+
+---
+
+### Installation enhancements
+
+This release is the first release with the new installation process baked in.
+Please read the [Installation Guide](https://github.com/awslabs/aws-deployment-framework/blob/make/latest/docs/installation-guide.md)
+how to install ADF. In case you are upgrading, please follow [the admin guide
+on updating ADF](https://github.com/awslabs/aws-deployment-framework/blob/make/latest/docs/admin-guide.md#updating-between-versions)
+instead.
+
+Changes baked into this release to support the new installation process:
+
+* New install process (#677) by @sbkok.
+* Install: Add checks to ensure installer dependencies are available (#702) by
+  @sbkok.
+* Install: Add version checks and pre-deploy warnings (#726) by @sbkok.
+* Ensure tox fails at first pytest failure (#686) by @sbkok.
+
+---
+
 ## v3.2.0
 
 __Please note__: this update refactored the account creation and pipeline
diff --git a/src/lambda_codebase/account_processing/requirements.txt b/src/lambda_codebase/account_processing/requirements.txt
index 0d3022cc7..7555f7199 100644
--- a/src/lambda_codebase/account_processing/requirements.txt
+++ b/src/lambda_codebase/account_processing/requirements.txt
@@ -1,3 +1,5 @@
 aws-xray-sdk==2.13.0
+boto3==1.34.80
+botocore==1.34.80
 pyyaml~=6.0.1
 tenacity==8.2.3