diff --git a/CHANGELOG.md b/CHANGELOG.md
index 70b78898..e00b7590 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,17 @@
+## [3.2.7](https://github.com/vuejs/vue-next/compare/v3.2.6...v3.2.7) (2021-09-01)
+
+
+### Bug Fixes
+
+* **compiler-core:** remove no longer necessary withScopeId import in generated code ([935b4e2](https://github.com/vuejs/vue-next/commit/935b4e221041c8ae34c5821d90db90f07e622a9f))
+* **compiler-sfc:** ensure script setup lang=ts output is tree-shakable ([b89ff92](https://github.com/vuejs/vue-next/commit/b89ff9291e70c64f7098cc110161a75eb7c465a4))
+* **compiler:** only generate non-static ref for script setup if the binding exists ([3628991](https://github.com/vuejs/vue-next/commit/362899190666a2d1f9fe23c92e9b6007721ad69f)), closes [#4431](https://github.com/vuejs/vue-next/issues/4431)
+* **ref-transform:** should transform $ref when used with generic arguments ([#4446](https://github.com/vuejs/vue-next/issues/4446)) ([33cf6c8](https://github.com/vuejs/vue-next/commit/33cf6c88664137e8c9d6e75a3b4c5f5cce763c12)), closes [#4442](https://github.com/vuejs/vue-next/issues/4442)
+* **runtime-core:** properly merge unmounted and beforeUnmount options ([#4447](https://github.com/vuejs/vue-next/issues/4447)) ([741d3b3](https://github.com/vuejs/vue-next/commit/741d3b36f21582e682009114961b5cd3146e8dad))
+* **suspense:** misusing DOM Comment element constructor as a vnode type ([#4451](https://github.com/vuejs/vue-next/issues/4451)) ([ef5b731](https://github.com/vuejs/vue-next/commit/ef5b73159d7221c36c25e32f643669d789a33c2c))
+
+
+
 ## [3.2.6](https://github.com/vuejs/vue-next/compare/v3.2.5...v3.2.6) (2021-08-24)
 
 
diff --git a/package.json b/package.json
index 04fec82a..9c642988 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "private": true,
-  "version": "3.2.6",
+  "version": "3.2.7",
   "workspaces": [
     "packages/*"
   ],
diff --git a/packages/compiler-core/package.json b/packages/compiler-core/package.json
index 1de15b50..ae8ad5e1 100644
--- a/packages/compiler-core/package.json
+++ b/packages/compiler-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-core",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/compiler-core",
   "main": "index.js",
   "module": "dist/compiler-core.esm-bundler.js",
@@ -32,7 +32,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/compiler-core#readme",
   "dependencies": {
-    "@vue/shared": "3.2.6",
+    "@vue/shared": "3.2.7",
     "@babel/parser": "^7.15.0",
     "@babel/types": "^7.15.0",
     "estree-walker": "^2.0.2",
diff --git a/packages/compiler-dom/package.json b/packages/compiler-dom/package.json
index 3e1dc7fa..b434477b 100644
--- a/packages/compiler-dom/package.json
+++ b/packages/compiler-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-dom",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/compiler-dom",
   "main": "index.js",
   "module": "dist/compiler-dom.esm-bundler.js",
@@ -37,7 +37,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/compiler-dom#readme",
   "dependencies": {
-    "@vue/shared": "3.2.6",
-    "@vue/compiler-core": "3.2.6"
+    "@vue/shared": "3.2.7",
+    "@vue/compiler-core": "3.2.7"
   }
 }
diff --git a/packages/compiler-sfc/package.json b/packages/compiler-sfc/package.json
index 367b2926..0e331965 100644
--- a/packages/compiler-sfc/package.json
+++ b/packages/compiler-sfc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-sfc",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/compiler-sfc",
   "main": "dist/compiler-sfc.cjs.js",
   "types": "dist/compiler-sfc.d.ts",
@@ -34,11 +34,11 @@
     "@babel/parser": "^7.15.0",
     "@babel/types": "^7.15.0",
     "@types/estree": "^0.0.48",
-    "@vue/compiler-core": "3.2.6",
-    "@vue/compiler-dom": "3.2.6",
-    "@vue/compiler-ssr": "3.2.6",
-    "@vue/ref-transform": "3.2.6",
-    "@vue/shared": "3.2.6",
+    "@vue/compiler-core": "3.2.7",
+    "@vue/compiler-dom": "3.2.7",
+    "@vue/compiler-ssr": "3.2.7",
+    "@vue/ref-transform": "3.2.7",
+    "@vue/shared": "3.2.7",
     "consolidate": "^0.16.0",
     "estree-walker": "^2.0.2",
     "hash-sum": "^2.0.0",
diff --git a/packages/compiler-ssr/package.json b/packages/compiler-ssr/package.json
index e51700ee..621a7f84 100644
--- a/packages/compiler-ssr/package.json
+++ b/packages/compiler-ssr/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-ssr",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/compiler-ssr",
   "main": "dist/compiler-ssr.cjs.js",
   "types": "dist/compiler-ssr.d.ts",
@@ -28,7 +28,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/compiler-ssr#readme",
   "dependencies": {
-    "@vue/shared": "3.2.6",
-    "@vue/compiler-dom": "3.2.6"
+    "@vue/shared": "3.2.7",
+    "@vue/compiler-dom": "3.2.7"
   }
 }
diff --git a/packages/reactivity/package.json b/packages/reactivity/package.json
index 93621466..3e4f776d 100644
--- a/packages/reactivity/package.json
+++ b/packages/reactivity/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/reactivity",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/reactivity",
   "main": "index.js",
   "module": "dist/reactivity.esm-bundler.js",
@@ -36,6 +36,6 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/reactivity#readme",
   "dependencies": {
-    "@vue/shared": "3.2.6"
+    "@vue/shared": "3.2.7"
   }
 }
diff --git a/packages/ref-transform/package.json b/packages/ref-transform/package.json
index f73b81a2..91682a8b 100644
--- a/packages/ref-transform/package.json
+++ b/packages/ref-transform/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/ref-transform",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/ref-transform",
   "main": "dist/ref-transform.cjs.js",
   "files": [
@@ -29,8 +29,8 @@
   "homepage": "https://github.com/vuejs/vue-next/tree/dev/packages/ref-transform#readme",
   "dependencies": {
     "@babel/parser": "^7.15.0",
-    "@vue/compiler-core": "3.2.6",
-    "@vue/shared": "3.2.6",
+    "@vue/compiler-core": "3.2.7",
+    "@vue/shared": "3.2.7",
     "estree-walker": "^2.0.2",
     "magic-string": "^0.25.7"
   },
diff --git a/packages/runtime-core/package.json b/packages/runtime-core/package.json
index 4455c817..ab75d934 100644
--- a/packages/runtime-core/package.json
+++ b/packages/runtime-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-core",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/runtime-core",
   "main": "index.js",
   "module": "dist/runtime-core.esm-bundler.js",
@@ -32,7 +32,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/runtime-core#readme",
   "dependencies": {
-    "@vue/shared": "3.2.6",
-    "@vue/reactivity": "3.2.6"
+    "@vue/shared": "3.2.7",
+    "@vue/reactivity": "3.2.7"
   }
 }
diff --git a/packages/runtime-dom/package.json b/packages/runtime-dom/package.json
index 9df881d9..b39c2806 100644
--- a/packages/runtime-dom/package.json
+++ b/packages/runtime-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-dom",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/runtime-dom",
   "main": "index.js",
   "module": "dist/runtime-dom.esm-bundler.js",
@@ -35,8 +35,8 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/runtime-dom#readme",
   "dependencies": {
-    "@vue/shared": "3.2.6",
-    "@vue/runtime-core": "3.2.6",
+    "@vue/shared": "3.2.7",
+    "@vue/runtime-core": "3.2.7",
     "csstype": "^2.6.8"
   }
 }
diff --git a/packages/runtime-test/package.json b/packages/runtime-test/package.json
index de273c53..49cc1535 100644
--- a/packages/runtime-test/package.json
+++ b/packages/runtime-test/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-test",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/runtime-test",
   "private": true,
   "main": "index.js",
@@ -25,7 +25,7 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/runtime-test#readme",
   "dependencies": {
-    "@vue/shared": "3.2.6",
-    "@vue/runtime-core": "3.2.6"
+    "@vue/shared": "3.2.7",
+    "@vue/runtime-core": "3.2.7"
   }
 }
diff --git a/packages/server-renderer/package.json b/packages/server-renderer/package.json
index a84e8fd7..ffe2af18 100644
--- a/packages/server-renderer/package.json
+++ b/packages/server-renderer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/server-renderer",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "@vue/server-renderer",
   "main": "index.js",
   "module": "dist/server-renderer.esm-bundler.js",
@@ -31,10 +31,10 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/server-renderer#readme",
   "peerDependencies": {
-    "vue": "3.2.6"
+    "vue": "3.2.7"
   },
   "dependencies": {
-    "@vue/shared": "3.2.6",
-    "@vue/compiler-ssr": "3.2.6"
+    "@vue/shared": "3.2.7",
+    "@vue/compiler-ssr": "3.2.7"
   }
 }
diff --git a/packages/sfc-playground/package.json b/packages/sfc-playground/package.json
index c4b16dd4..6650bab6 100644
--- a/packages/sfc-playground/package.json
+++ b/packages/sfc-playground/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/sfc-playground",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "private": true,
   "scripts": {
     "dev": "vite",
diff --git a/packages/shared/package.json b/packages/shared/package.json
index ace2d0a7..febcfbae 100644
--- a/packages/shared/package.json
+++ b/packages/shared/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/shared",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "internal utils shared across @vue packages",
   "main": "index.js",
   "module": "dist/shared.esm-bundler.js",
diff --git a/packages/size-check/package.json b/packages/size-check/package.json
index fb93ce1b..da9611d8 100644
--- a/packages/size-check/package.json
+++ b/packages/size-check/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/size-check",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "private": true,
   "buildOptions": {
     "name": "Vue",
diff --git a/packages/template-explorer/package.json b/packages/template-explorer/package.json
index 8ed4a973..8a526583 100644
--- a/packages/template-explorer/package.json
+++ b/packages/template-explorer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/template-explorer",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "private": true,
   "buildOptions": {
     "formats": [
diff --git a/packages/vue-compat/package.json b/packages/vue-compat/package.json
index 25a6d66b..a19772c2 100644
--- a/packages/vue-compat/package.json
+++ b/packages/vue-compat/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compat",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "Vue 3 compatibility build for Vue 2",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",
@@ -38,6 +38,6 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/vue-compat#readme",
   "peerDependencies": {
-    "vue": "3.2.6"
+    "vue": "3.2.7"
   }
 }
diff --git a/packages/vue/package.json b/packages/vue/package.json
index 784ea486..69d7a55d 100644
--- a/packages/vue/package.json
+++ b/packages/vue/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue",
-  "version": "3.2.6",
+  "version": "3.2.7",
   "description": "The progressive JavaScript framework for buiding modern web UI.",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",
@@ -37,9 +37,9 @@
   },
   "homepage": "https://github.com/vuejs/vue-next/tree/master/packages/vue#readme",
   "dependencies": {
-    "@vue/shared": "3.2.6",
-    "@vue/compiler-dom": "3.2.6",
-    "@vue/runtime-dom": "3.2.6"
+    "@vue/shared": "3.2.7",
+    "@vue/compiler-dom": "3.2.7",
+    "@vue/runtime-dom": "3.2.7"
   },
   "devDependencies": {
     "lodash": "^4.17.15",