diff --git a/Makefile b/Makefile
index 4b586d52a..21ca105b7 100644
--- a/Makefile
+++ b/Makefile
@@ -1,4 +1,4 @@
-VERSION := v1.2.0
+VERSION := v1.2.1
 
 # Name of this service/application
 SERVICE_NAME := redis-operator
diff --git a/README.md b/README.md
index d795caca0..5d6a4d23b 100644
--- a/README.md
+++ b/README.md
@@ -33,7 +33,7 @@ helm install redis-operator redis-operator/redis-operator
 Helm chart only manage the creation of CRD in the first install. In order to update the CRD you will need to apply directly.
 
 ```
-REDIS_OPERATOR_VERSION=v1.2.0
+REDIS_OPERATOR_VERSION=v1.2.1
 kubectl replace -f https://raw.githubusercontent.com/spotahome/redis-operator/${REDIS_OPERATOR_VERSION}/manifests/databases.spotahome.com_redisfailovers.yaml
 ```
 
@@ -45,7 +45,7 @@ helm upgrade redis-operator redis-operator/redis-operator
 To create the operator, you can directly create it with kubectl:
 
 ```
-REDIS_OPERATOR_VERSION=v1.2.0
+REDIS_OPERATOR_VERSION=v1.2.1
 kubectl create -f https://raw.githubusercontent.com/spotahome/redis-operator/${REDIS_OPERATOR_VERSION}/manifests/databases.spotahome.com_redisfailovers.yaml
 kubectl apply -f https://raw.githubusercontent.com/spotahome/redis-operator/${REDIS_OPERATOR_VERSION}/example/operator/all-redis-operator-resources.yaml
 ```
@@ -70,7 +70,7 @@ Finally, you can install the `full` overlay if you want everything this operator
 It's always a good practice to pin the version of the operator in your configuration to make sure you are not surprised by changes on the latest development branch:
 
 ```shell
-kustomize build github.com/spotahome/redis-operator/manifests/kustomize/overlays/default?ref=v1.2.0
+kustomize build github.com/spotahome/redis-operator/manifests/kustomize/overlays/default?ref=v1.2.1
 ```
 
 You can easily create your own config by creating a `kustomization.yaml` file
@@ -98,7 +98,7 @@ Once the operator is deployed inside a Kubernetes cluster, a new API will be acc
 In order to deploy a new redis-failover a [specification](example/redisfailover/basic.yaml) has to be created:
 
 ```
-REDIS_OPERATOR_VERSION=v1.2.0
+REDIS_OPERATOR_VERSION=v1.2.1
 kubectl create -f https://raw.githubusercontent.com/spotahome/redis-operator/${REDIS_OPERATOR_VERSION}/example/redisfailover/basic.yaml
 ```
 
diff --git a/charts/redisoperator/Chart.yaml b/charts/redisoperator/Chart.yaml
index 5ac064e98..f2382af5b 100644
--- a/charts/redisoperator/Chart.yaml
+++ b/charts/redisoperator/Chart.yaml
@@ -1,10 +1,10 @@
 annotations:
   category: Redis Operator
-appVersion: 1.2.0
+appVersion: 1.2.1
 apiVersion: v1
 description: A Helm chart for the Spotahome Redis Operator
 name: redis-operator
-version: 3.2.1
+version: 3.2.2
 home: https://github.com/spotahome/redis-operator
 keywords:
   - "golang"
diff --git a/charts/redisoperator/values.yaml b/charts/redisoperator/values.yaml
index dbc144913..dcacaf38f 100644
--- a/charts/redisoperator/values.yaml
+++ b/charts/redisoperator/values.yaml
@@ -6,7 +6,7 @@
 image:
   repository: quay.io/spotahome/redis-operator
   pullPolicy: IfNotPresent
-  tag: v1.2.0
+  tag: v1.2.1
 
 imageCredentials:
   create: false
diff --git a/manifests/kustomize/components/version/kustomization.yaml b/manifests/kustomize/components/version/kustomization.yaml
index 49eaffc2a..df6fd7fad 100644
--- a/manifests/kustomize/components/version/kustomization.yaml
+++ b/manifests/kustomize/components/version/kustomization.yaml
@@ -3,8 +3,8 @@ kind: Component
 
 labels:
   - pairs:
-      app.kubernetes.io/version: 1.2.0
+      app.kubernetes.io/version: 1.2.1
 
 images:
   - name: quay.io/spotahome/redis-operator
-    newTag: v1.2.0
+    newTag: v1.2.1