diff --git a/Makefile b/Makefile
index b7e56208..923386bb 100644
--- a/Makefile
+++ b/Makefile
@@ -2,7 +2,9 @@
 # Image URL to use all building/pushing image targets
 IMG ?= controller:latest
 # ENVTEST_K8S_VERSION refers to the version of kubebuilder assets to be downloaded by envtest binary.
-ENVTEST_K8S_VERSION = 1.25.0
+ENVTEST_K8S_VERSION = 1.32.0
+# ENVTEST_VERSION refers to https://github.com/kubernetes-sigs/controller-runtime/tree/main/tools/setup-envtest
+ENVTEST_VERSION = release-0.20
 
 # Get the currently used golang install path (in GOPATH/bin, unless GOBIN is set)
 ifeq (,$(shell go env GOBIN))
@@ -184,7 +186,7 @@ $(GOLINT): $(LOCALBIN)
 .PHONY: envtest
 envtest: $(ENVTEST) ## Download envtest-setup locally if necessary.
 $(ENVTEST): $(LOCALBIN)
-	test -s $(LOCALBIN)/setup-envtest || GOBIN=$(LOCALBIN) go install sigs.k8s.io/controller-runtime/tools/setup-envtest@latest
+	test -s $(LOCALBIN)/setup-envtest || GOBIN=$(LOCALBIN) go install sigs.k8s.io/controller-runtime/tools/setup-envtest@$(ENVTEST_VERSION)
 	ENVTESTDIR=$$($(ENVTEST) use $(ENVTEST_K8S_VERSION) --bin-dir $(LOCALBIN) -p path) ;\
 	chmod -R u+w $$ENVTESTDIR ;\
 	rm -f $(LOCALBIN)/k8s/current ;\