diff --git a/lib/dalli/protocol.rb b/lib/dalli/protocol.rb
index 1a7bac17..a54d10f6 100644
--- a/lib/dalli/protocol.rb
+++ b/lib/dalli/protocol.rb
@@ -4,5 +4,15 @@ module Dalli
   module Protocol
     # Preserved for backwards compatibility.  Should be removed in 4.0
     NOT_FOUND = ::Dalli::NOT_FOUND
+
+    # Ruby 3.2 raises IO::TimeoutError on blocking reads/writes, but
+    # it is not defined in earlier Ruby versions.
+    require 'timeout'
+    TIMEOUT_ERRORS =
+      if defined?(IO::TimeoutError)
+        [Timeout::Error, IO::TimeoutError]
+      else
+        [Timeout::Error]
+      end
   end
 end
diff --git a/lib/dalli/protocol/base.rb b/lib/dalli/protocol/base.rb
index f5cffb6c..74274f80 100644
--- a/lib/dalli/protocol/base.rb
+++ b/lib/dalli/protocol/base.rb
@@ -106,7 +106,7 @@ def pipeline_next_responses
         end
 
         values
-      rescue SystemCallError, Timeout::Error, EOFError => e
+      rescue SystemCallError, *TIMEOUT_ERRORS, EOFError => e
         @connection_manager.error_on_request!(e)
       end
 
diff --git a/lib/dalli/protocol/connection_manager.rb b/lib/dalli/protocol/connection_manager.rb
index 0f5a01b6..27b514ce 100644
--- a/lib/dalli/protocol/connection_manager.rb
+++ b/lib/dalli/protocol/connection_manager.rb
@@ -150,19 +150,19 @@ def read_line
         data = @sock.gets("\r\n")
         error_on_request!('EOF in read_line') if data.nil?
         data
-      rescue SystemCallError, Timeout::Error, EOFError => e
+      rescue SystemCallError, *TIMEOUT_ERRORS, EOFError => e
         error_on_request!(e)
       end
 
       def read(count)
         @sock.readfull(count)
-      rescue SystemCallError, Timeout::Error, EOFError => e
+      rescue SystemCallError, *TIMEOUT_ERRORS, EOFError => e
         error_on_request!(e)
       end
 
       def write(bytes)
         @sock.write(bytes)
-      rescue SystemCallError, Timeout::Error => e
+      rescue SystemCallError, *TIMEOUT_ERRORS => e
         error_on_request!(e)
       end