Can the NuGet 3.2 package cache location be changed

You can override the default nuget package cache folder by an environment variable:

NUGET_PACKAGES

Reference: Manage Global Packages and Cache Folder

Set an environment variable NuGetCachePath with the value of the path where you want the new package cache.

UPDATE: This answer is from 2016 and is no longer relevant for more modern versions of NuGet. As indicated below by @Mohsen the new Environment Variable to set is NUGET_PACKAGES

For nuget 3.0 and above I use the following script to redirect the packages folder to a folder in different drive for example for e:\nuget-cache as folder in another drive

pushd %USERPROFILE%\\

rmdir /Q /S .nuget

IF NOT EXIST e:\\nuget-cache mkdir e:\\nuget-cache

mklink /D .nuget e:\\nuget-cache