diff --git a/requirements.txt b/requirements.txt
index 266f61369b..7f3470e467 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -7,7 +7,7 @@ tzlocal==4.0.2    # from time
 tzdata>=2021.1  # from time
 pyserial==3.5
 platformio==5.2.2  # When updating platformio, also update Dockerfile
-esptool==3.1
+esptool==3.2
 click==8.0.3
 esphome-dashboard==20211021.1
 aioesphomeapi==10.0.3