diff --git a/Cargo.toml b/Cargo.toml
index 2a17415ef3..8d5f3f3986 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -22,8 +22,8 @@ name = "wasm2obj"
 path = "src/wasm2obj.rs"
 
 [dependencies]
-cranelift-codegen = "0.30.0"
-cranelift-native = "0.30.0"
+cranelift-codegen = "0.32.0"
+cranelift-native = "0.32.0"
 wasmtime-debug = { path = "wasmtime-debug" }
 wasmtime-environ = { path = "wasmtime-environ" }
 wasmtime-runtime = { path = "wasmtime-runtime" }
@@ -36,8 +36,8 @@ wasi-common = { git = "https://github.com/CraneStation/wasi-common" }
 docopt = "1.0.1"
 serde = "1.0.75"
 serde_derive = "1.0.75"
-faerie = "0.9.1"
-target-lexicon = { version = "0.3.0", default-features = false }
+faerie = "0.10.1"
+target-lexicon = { version = "0.4.0", default-features = false }
 pretty_env_logger = "0.3.0"
 file-per-thread-logger = "0.1.1"
 wabt = "0.7"
diff --git a/fuzz/Cargo.toml b/fuzz/Cargo.toml
index ee47be7913..f3f836ff45 100644
--- a/fuzz/Cargo.toml
+++ b/fuzz/Cargo.toml
@@ -11,11 +11,11 @@ cargo-fuzz = true
 [dependencies]
 wasmtime-environ = { path = "../wasmtime-environ" }
 wasmtime-jit = { path = "../wasmtime-jit" }
-cranelift-codegen = "0.30.0"
-cranelift-wasm = "0.30.0"
-cranelift-native = "0.30.0"
+cranelift-codegen = "0.32.0"
+cranelift-wasm = "0.32.0"
+cranelift-native = "0.32.0"
 libfuzzer-sys = { git = "https://github.com/rust-fuzz/libfuzzer-sys.git" }
-wasmparser = { version = "0.29.2", default-features = false }
+wasmparser = { version = "0.32.1", default-features = false }
 binaryen = "0.5.0"
 
 [features]
diff --git a/wasmtime-debug/Cargo.toml b/wasmtime-debug/Cargo.toml
index dc9734fc88..70f11a2515 100644
--- a/wasmtime-debug/Cargo.toml
+++ b/wasmtime-debug/Cargo.toml
@@ -13,13 +13,13 @@ edition = "2018"
 
 [dependencies]
 gimli = "0.17.0"
-wasmparser = { version = "0.29.0" }
-cranelift-codegen = "0.30.0"
-cranelift-entity = "0.30.0"
-cranelift-wasm = "0.30.0"
-faerie = "0.9.1"
+wasmparser = { version = "0.32.1" }
+cranelift-codegen = "0.32.0"
+cranelift-entity = "0.32.0"
+cranelift-wasm = "0.32.0"
+faerie = "0.10.1"
 wasmtime-environ = { path = "../wasmtime-environ", default-features = false }
-target-lexicon = { version = "0.3.0", default-features = false }
+target-lexicon = { version = "0.4.0", default-features = false }
 failure = { version = "0.1.3", default-features = false }
 failure_derive = { version = "0.1.3", default-features = false }
 
diff --git a/wasmtime-debug/src/write_debuginfo.rs b/wasmtime-debug/src/write_debuginfo.rs
index f591936c26..b4d7878995 100644
--- a/wasmtime-debug/src/write_debuginfo.rs
+++ b/wasmtime-debug/src/write_debuginfo.rs
@@ -6,7 +6,7 @@ use gimli::write::{
 };
 use gimli::RunTimeEndian;
 
-use faerie::artifact::Decl;
+use faerie::artifact::{Decl, SectionKind};
 use faerie::*;
 
 struct DebugReloc {
@@ -21,7 +21,7 @@ macro_rules! decl_section {
         $artifact
             .declare_with(
                 SectionId::$section.name(),
-                Decl::debug_section(),
+                Decl::section(SectionKind::Debug),
                 $name.0.writer.into_vec(),
             )
             .unwrap();
diff --git a/wasmtime-environ/Cargo.toml b/wasmtime-environ/Cargo.toml
index e75b179db0..07f87c3073 100644
--- a/wasmtime-environ/Cargo.toml
+++ b/wasmtime-environ/Cargo.toml
@@ -12,9 +12,9 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = "0.30.0"
-cranelift-entity = "0.30.0"
-cranelift-wasm = "0.30.0"
+cranelift-codegen = "0.32.0"
+cranelift-entity = "0.32.0"
+cranelift-wasm = "0.32.0"
 lightbeam = { path = "../lightbeam", optional = true }
 failure = { version = "0.1.3", default-features = false }
 failure_derive = { version = "0.1.3", default-features = false }
diff --git a/wasmtime-environ/src/func_environ.rs b/wasmtime-environ/src/func_environ.rs
index 71c8190cab..7fd3a9b126 100644
--- a/wasmtime-environ/src/func_environ.rs
+++ b/wasmtime-environ/src/func_environ.rs
@@ -346,7 +346,7 @@ impl<'module_environment> cranelift_wasm::FuncEnvironment for FuncEnvironment<'m
         self.target_config
     }
 
-    fn make_table(&mut self, func: &mut ir::Function, index: TableIndex) -> ir::Table {
+    fn make_table(&mut self, func: &mut ir::Function, index: TableIndex) -> WasmResult<ir::Table> {
         let pointer_type = self.pointer_type();
 
         let (ptr, base_offset, current_elements_offset) = {
@@ -394,16 +394,16 @@ impl<'module_environment> cranelift_wasm::FuncEnvironment for FuncEnvironment<'m
             }
         };
 
-        func.create_table(ir::TableData {
+        Ok(func.create_table(ir::TableData {
             base_gv,
             min_size: Uimm64::new(0),
             bound_gv,
             element_size: Uimm64::new(element_size),
             index_type: I32,
-        })
+        }))
     }
 
-    fn make_heap(&mut self, func: &mut ir::Function, index: MemoryIndex) -> ir::Heap {
+    fn make_heap(&mut self, func: &mut ir::Function, index: MemoryIndex) -> WasmResult<ir::Heap> {
         let pointer_type = self.pointer_type();
 
         let (ptr, base_offset, current_length_offset) = {
@@ -473,16 +473,20 @@ impl<'module_environment> cranelift_wasm::FuncEnvironment for FuncEnvironment<'m
             global_type: pointer_type,
             readonly: readonly_base,
         });
-        func.create_heap(ir::HeapData {
+        Ok(func.create_heap(ir::HeapData {
             base: heap_base,
             min_size: 0.into(),
             offset_guard_size,
             style: heap_style,
             index_type: I32,
-        })
+        }))
     }
 
-    fn make_global(&mut self, func: &mut ir::Function, index: GlobalIndex) -> GlobalVariable {
+    fn make_global(
+        &mut self,
+        func: &mut ir::Function,
+        index: GlobalIndex,
+    ) -> WasmResult<GlobalVariable> {
         let pointer_type = self.pointer_type();
 
         let (ptr, offset) = {
@@ -503,28 +507,36 @@ impl<'module_environment> cranelift_wasm::FuncEnvironment for FuncEnvironment<'m
             }
         };
 
-        GlobalVariable::Memory {
+        Ok(GlobalVariable::Memory {
             gv: ptr,
             offset: offset.into(),
             ty: self.module.globals[index].ty,
-        }
+        })
     }
 
-    fn make_indirect_sig(&mut self, func: &mut ir::Function, index: SignatureIndex) -> ir::SigRef {
-        func.import_signature(self.module.signatures[index].clone())
+    fn make_indirect_sig(
+        &mut self,
+        func: &mut ir::Function,
+        index: SignatureIndex,
+    ) -> WasmResult<ir::SigRef> {
+        Ok(func.import_signature(self.module.signatures[index].clone()))
     }
 
-    fn make_direct_func(&mut self, func: &mut ir::Function, index: FuncIndex) -> ir::FuncRef {
+    fn make_direct_func(
+        &mut self,
+        func: &mut ir::Function,
+        index: FuncIndex,
+    ) -> WasmResult<ir::FuncRef> {
         let sigidx = self.module.functions[index];
         let signature = func.import_signature(self.module.signatures[sigidx].clone());
         let name = get_func_name(index);
-        func.import_function(ir::ExtFuncData {
+        Ok(func.import_function(ir::ExtFuncData {
             name,
             signature,
             // We currently allocate all code segments independently, so nothing
             // is colocated.
             colocated: false,
-        })
+        }))
     }
 
     fn translate_call_indirect(
diff --git a/wasmtime-jit/Cargo.toml b/wasmtime-jit/Cargo.toml
index 644aee66f9..c0a1e65c9a 100644
--- a/wasmtime-jit/Cargo.toml
+++ b/wasmtime-jit/Cargo.toml
@@ -12,19 +12,19 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = "0.30.0"
-cranelift-entity = "0.30.0"
-cranelift-wasm = "0.30.0"
-cranelift-frontend = "0.30.0"
+cranelift-codegen = "0.32.0"
+cranelift-entity = "0.32.0"
+cranelift-wasm = "0.32.0"
+cranelift-frontend = "0.32.0"
 wasmtime-environ = { path = "../wasmtime-environ", default-features = false }
 wasmtime-runtime = { path = "../wasmtime-runtime", default-features = false }
 wasmtime-debug = { path = "../wasmtime-debug", default-features = false }
 region = "2.0.0"
 failure = { version = "0.1.3", default-features = false }
 failure_derive = { version = "0.1.3", default-features = false }
-target-lexicon = { version = "0.3.0", default-features = false }
+target-lexicon = { version = "0.4.0", default-features = false }
 hashbrown = { version = "0.1.8", optional = true }
-wasmparser = "0.29.2"
+wasmparser = "0.32.1"
 
 [features]
 default = ["std"]
diff --git a/wasmtime-jit/src/context.rs b/wasmtime-jit/src/context.rs
index b017d52a1b..12e710f866 100644
--- a/wasmtime-jit/src/context.rs
+++ b/wasmtime-jit/src/context.rs
@@ -84,6 +84,7 @@ impl Context {
                 enable_reference_types: false,
                 enable_bulk_memory: false,
                 enable_simd: false,
+                enable_multi_value: false,
             },
             mutable_global_imports: true,
         };
diff --git a/wasmtime-obj/Cargo.toml b/wasmtime-obj/Cargo.toml
index d0169e1ff5..bba1f9052c 100644
--- a/wasmtime-obj/Cargo.toml
+++ b/wasmtime-obj/Cargo.toml
@@ -12,8 +12,8 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = "0.30.0"
-cranelift-entity = "0.30.0"
-cranelift-wasm = "0.30.0"
+cranelift-codegen = "0.32.0"
+cranelift-entity = "0.32.0"
+cranelift-wasm = "0.32.0"
 wasmtime-environ = { path = "../wasmtime-environ" }
-faerie = "0.9.1"
+faerie = "0.10.1"
diff --git a/wasmtime-runtime/Cargo.toml b/wasmtime-runtime/Cargo.toml
index 3b2ccc31a3..3e78231066 100644
--- a/wasmtime-runtime/Cargo.toml
+++ b/wasmtime-runtime/Cargo.toml
@@ -12,9 +12,9 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = "0.30.0"
-cranelift-entity = "0.30.0"
-cranelift-wasm = "0.30.0"
+cranelift-codegen = "0.32.0"
+cranelift-entity = "0.32.0"
+cranelift-wasm = "0.32.0"
 wasmtime-environ = { path = "../wasmtime-environ", default-features = false }
 region = "2.0.0"
 lazy_static = "1.2.0"
diff --git a/wasmtime-wasi-c/Cargo.toml b/wasmtime-wasi-c/Cargo.toml
index 3f9683d132..0395e24e9f 100644
--- a/wasmtime-wasi-c/Cargo.toml
+++ b/wasmtime-wasi-c/Cargo.toml
@@ -13,10 +13,10 @@ readme = "README.md"
 wasmtime-runtime = { path = "../wasmtime-runtime" }
 wasmtime-environ = { path = "../wasmtime-environ" }
 wasmtime-jit = { path = "../wasmtime-jit" }
-cranelift-codegen = "0.30.0"
-cranelift-entity = "0.30.0"
-cranelift-wasm = "0.30.0"
-target-lexicon = "0.3.0"
+cranelift-codegen = "0.32.0"
+cranelift-entity = "0.32.0"
+cranelift-wasm = "0.32.0"
+target-lexicon = "0.4.0"
 log = { version = "0.4.6", default-features = false }
 libc = "0.2.50"
 
diff --git a/wasmtime-wasi/Cargo.toml b/wasmtime-wasi/Cargo.toml
index 511dc505bd..48588b1519 100644
--- a/wasmtime-wasi/Cargo.toml
+++ b/wasmtime-wasi/Cargo.toml
@@ -14,10 +14,10 @@ wasmtime-runtime = { path = "../wasmtime-runtime" }
 wasmtime-environ = { path = "../wasmtime-environ" }
 wasmtime-jit = { path = "../wasmtime-jit" }
 wasi-common = { git = "https://github.com/CraneStation/wasi-common" }
-cranelift-codegen = "0.30.0"
-cranelift-entity = "0.30.0"
-cranelift-wasm = "0.30.0"
-target-lexicon = "0.3.0"
+cranelift-codegen = "0.32.0"
+cranelift-entity = "0.32.0"
+cranelift-wasm = "0.32.0"
+target-lexicon = "0.4.0"
 log = { version = "0.4.6", default-features = false }
 
 [badges]
diff --git a/wasmtime-wast/Cargo.toml b/wasmtime-wast/Cargo.toml
index 567785f497..2f12a68c0e 100644
--- a/wasmtime-wast/Cargo.toml
+++ b/wasmtime-wast/Cargo.toml
@@ -12,15 +12,15 @@ readme = "README.md"
 edition = "2018"
 
 [dependencies]
-cranelift-codegen = "0.30.0"
-cranelift-native = "0.30.0"
-cranelift-wasm = "0.30.0"
-cranelift-entity = "0.30.0"
+cranelift-codegen = "0.32.0"
+cranelift-native = "0.32.0"
+cranelift-wasm = "0.32.0"
+cranelift-entity = "0.32.0"
 wasmtime-jit = { path = "../wasmtime-jit" }
 wasmtime-runtime = { path = "../wasmtime-runtime" }
 wasmtime-environ = { path = "../wasmtime-environ" }
 wabt = "0.7"
-target-lexicon = "0.3.0"
+target-lexicon = "0.4.0"
 failure = { version = "0.1.3", default-features = false }
 failure_derive = { version = "0.1.3", default-features = false }