diff --git a/packages/hardhat-zksync-upgradable/package.json b/packages/hardhat-zksync-upgradable/package.json
index 9ae48b8e0..06bb3d460 100644
--- a/packages/hardhat-zksync-upgradable/package.json
+++ b/packages/hardhat-zksync-upgradable/package.json
@@ -35,7 +35,7 @@
   "dependencies": {
     "@matterlabs/hardhat-zksync-deploy": "^1.1.0",
     "@matterlabs/hardhat-zksync-solc": "^1.0.3",
-    "@openzeppelin/upgrades-core": "^1.31.0"
+    "@openzeppelin/upgrades-core": "^1.32.2"
   },
   "devDependencies": {
     "@matterlabs/hardhat-zksync-deploy": "^1.1.0",
diff --git a/yarn.lock b/yarn.lock
index 54e65e1ed..cc0e8c850 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -808,7 +808,7 @@
   dependencies:
     "@matterlabs/hardhat-zksync-deploy" "^1.1.0"
     "@matterlabs/hardhat-zksync-solc" "^1.0.3"
-    "@openzeppelin/upgrades-core" "^1.31.0"
+    "@openzeppelin/upgrades-core" "^1.32.2"
 
 "@matterlabs/hardhat-zksync-verify-vyper@link:packages/hardhat-zksync-verify-vyper":
   version "0.0.1-alpha.5"
@@ -1170,10 +1170,10 @@
   resolved "https://registry.yarnpkg.com/@openzeppelin/contracts/-/contracts-4.9.2.tgz#1cb2d5e4d3360141a17dbc45094a8cad6aac16c1"
   integrity sha512-mO+y6JaqXjWeMh9glYVzVu8HYPGknAAnWyxTRhGeckOruyXQMNnlcW6w/Dx9ftLeIQk6N+ZJFuVmTwF7lEIFrg==
 
-"@openzeppelin/upgrades-core@^1.31.0":
-  version "1.31.1"
-  resolved "https://registry.yarnpkg.com/@openzeppelin/upgrades-core/-/upgrades-core-1.31.1.tgz#d4f9ff703c4006d45c02e08819357a4f92860b8b"
-  integrity sha512-BdkTZwvBxgZ9BYYfhOhuivmqZLOZ/bm6mK5eEDZ36I3Fy64a9BDL/NusaDV5XAoGn4La/j9dZSbTtgP/6d8jAQ==
+"@openzeppelin/upgrades-core@^1.32.2":
+  version "1.32.2"
+  resolved "https://registry.yarnpkg.com/@openzeppelin/upgrades-core/-/upgrades-core-1.32.2.tgz#4313bd0a547090a350817cf798af60e0eb0728e8"
+  integrity sha512-EkXriOHZfn6u00Tbq0zUuhHDeTQB9WyAZKZo3UeYdqULb7E3vqxZgxgXmWJwEzAb6E77DvprzQ4gwCAjMV/S4Q==
   dependencies:
     cbor "^9.0.0"
     chalk "^4.1.0"
@@ -5289,12 +5289,7 @@ minimist-options@^4.0.2:
     is-plain-obj "^1.1.0"
     kind-of "^6.0.3"
 
-minimist@^1.2.0, minimist@^1.2.6:
-  version "1.2.6"
-  resolved "https://registry.yarnpkg.com/minimist/-/minimist-1.2.6.tgz#8637a5b759ea0d6e98702cfb3a9283323c93af44"
-  integrity sha512-Jsjnk4bw3YJqYzbdyBiNsPWHPfO++UGG749Cxs6peCu5Xg4nrena6OVxOYxrQTqww0Jmwt+Ref8rggumkTLz9Q==
-
-minimist@^1.2.7:
+minimist@^1.2.0, minimist@^1.2.6, minimist@^1.2.7:
   version "1.2.8"
   resolved "https://registry.yarnpkg.com/minimist/-/minimist-1.2.8.tgz#c1a464e7693302e082a075cee0c057741ac4772c"
   integrity sha512-2yyAR8qBkN3YuheJanUpWC5U3bb5osDywNB8RzDVlDwDHbocAJveqqj1u8+SVD7jkWT4yvsHCpWqqWqAxb0zCA==