diff --git a/changelog.md b/changelog.md
--- a/changelog.md
+++ b/changelog.md
@@ -1,6 +1,10 @@
 Changelog for the [`directory`][1] package
 ==========================================
 
+## 1.3.2.1 (March 2018)
+
+  * Relax `Win32` version bounds to support 2.7.
+
 ## 1.3.2.0 (January 2018)
 
   * Relax `time` version bounds to support 1.9.
diff --git a/directory.cabal b/directory.cabal
--- a/directory.cabal
+++ b/directory.cabal
@@ -1,5 +1,5 @@
 name:           directory
-version:        1.3.2.0
+version:        1.3.2.1
 -- NOTE: Don't forget to update ./changelog.md
 license:        BSD3
 license-file:   LICENSE
@@ -59,7 +59,7 @@
         time     >= 1.4 && < 1.10,
         filepath >= 1.3 && < 1.5
     if os(windows)
-        build-depends: Win32 >= 2.2.2 && < 2.7
+        build-depends: Win32 >= 2.2.2 && < 2.8
     else
         build-depends: unix >= 2.5.1 && < 2.8