diff --git a/docs/release-notes/version-3.7.md b/docs/release-notes/version-3.7.md
index fd61218e5..9724c4488 100644
--- a/docs/release-notes/version-3.7.md
+++ b/docs/release-notes/version-3.7.md
@@ -1,5 +1,9 @@
 # NetBox v3.7
 
+## v3.7.5 (FUTURE)
+
+---
+
 ## v3.7.4 (2024-03-13)
 
 ### Enhancements
diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index 007164a6d..e662561ee 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -28,7 +28,7 @@ from netbox.plugins import PluginConfig
 # Environment setup
 #
 
-VERSION = '3.7.4'
+VERSION = '3.7.5-dev'
 
 # Hostname
 HOSTNAME = platform.node()