diff --git a/Makefile b/Makefile
index d3bc69c6d..cf27ca469 100644
--- a/Makefile
+++ b/Makefile
@@ -178,7 +178,7 @@ CONTROLLER_TOOLS_VERSION ?= 0.17.1
 GOLINT_VERSION ?= 1.63.4
 GINKGOLINTER_VERSION ?= 0.18.4
 # ENVTEST_K8S_VERSION refers to the version of kubebuilder assets to be downloaded by envtest binary.
-ENVTEST_K8S_VERSION ?= 1.31.0
+ENVTEST_K8S_VERSION ?= 1.32.0
 
 KUSTOMIZE_INSTALL_SCRIPT ?= "https://raw.githubusercontent.com/kubernetes-sigs/kustomize/master/hack/install_kustomize.sh"
 .PHONY: kustomize