diff --git a/math/py-cvxpy/Makefile b/math/py-cvxpy/Makefile
index 8a2541ce5199..4d4efe071ce1 100644
--- a/math/py-cvxpy/Makefile
+++ b/math/py-cvxpy/Makefile
@@ -1,31 +1,30 @@
 PORTNAME=	cvxpy
-DISTVERSION=	1.3.1
-PORTREVISION=	1
+DISTVERSION=	1.3.2
 CATEGORIES=	math python
 MASTER_SITES=	PYPI
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	Domain-specific language for modeling convex optimization problems
 WWW=		https://www.cvxpy.org/
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
 BUILD_DEPENDS=	${PYNUMPY}
 RUN_DEPENDS=	${PYNUMPY} \
 		${PYTHON_PKGNAMEPREFIX}ecos>=2:math/py-ecos@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}osqp>=0.4.1:math/py-osqp@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}scipy>=1.1.0:science/py-scipy@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}scs>=1.1.6:math/py-scs@${PY_FLAVOR}
 TEST_DEPENDS=	pytest:devel/py-pytest@${PY_FLAVOR}
 
 USES=		python
-USE_PYTHON=	distutils autoplist pytest
+USE_PYTHON=	distutils autoplist pytest # 1 test fails, see https://github.com/cvxpy/cvxpy/issues/2174
 
 TEST_ENV=	${MAKE_ENV} PYTHONPATH=${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}
 
 post-install:
 		${STRIP_CMD} ${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}/_cvxcore*.so
 
 .include <bsd.port.mk>
diff --git a/math/py-cvxpy/distinfo b/math/py-cvxpy/distinfo
index 8f563e8bb08f..c21b2a56a35b 100644
--- a/math/py-cvxpy/distinfo
+++ b/math/py-cvxpy/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1679267673
-SHA256 (cvxpy-1.3.1.tar.gz) = f07bfe93677a755a8554c4fda622ef01e2247ace99b3a78107aa9070e0d0a3cb
-SIZE (cvxpy-1.3.1.tar.gz) = 1326923
+TIMESTAMP = 1688795955
+SHA256 (cvxpy-1.3.2.tar.gz) = 0b685e5040f199f3d703f30f5d22d1f865597623455153d1ddd770245aef0975
+SIZE (cvxpy-1.3.2.tar.gz) = 1330237