diff --git a/.github/ISSUE_TEMPLATE/bug_report.yaml b/.github/ISSUE_TEMPLATE/bug_report.yaml
index a9af9c653..3b87a49e4 100644
--- a/.github/ISSUE_TEMPLATE/bug_report.yaml
+++ b/.github/ISSUE_TEMPLATE/bug_report.yaml
@@ -14,7 +14,7 @@ body:
     attributes:
       label: NetBox version
       description: What version of NetBox are you currently running?
-      placeholder: v3.2.4
+      placeholder: v3.2.5
     validations:
       required: true
   - type: dropdown
diff --git a/.github/ISSUE_TEMPLATE/feature_request.yaml b/.github/ISSUE_TEMPLATE/feature_request.yaml
index 1fff99f1d..1fc0268ab 100644
--- a/.github/ISSUE_TEMPLATE/feature_request.yaml
+++ b/.github/ISSUE_TEMPLATE/feature_request.yaml
@@ -14,7 +14,7 @@ body:
     attributes:
       label: NetBox version
       description: What version of NetBox are you currently running?
-      placeholder: v3.2.4
+      placeholder: v3.2.5
     validations:
       required: true
   - type: dropdown
diff --git a/base_requirements.txt b/base_requirements.txt
index 68fca9851..98d3f78c2 100644
--- a/base_requirements.txt
+++ b/base_requirements.txt
@@ -44,7 +44,8 @@ django-tables2
 
 # User-defined tags for objects
 # https://github.com/alex/django-taggit
-django-taggit
+# Will evaluate v3.0 during NetBox v3.3 beta
+django-taggit>=2.1.0,<3.0
 
 # A Django field for representing time zones
 # https://github.com/mfogel/django-timezone-field/
diff --git a/docs/release-notes/version-3.2.md b/docs/release-notes/version-3.2.md
index a491f4524..bb5182702 100644
--- a/docs/release-notes/version-3.2.md
+++ b/docs/release-notes/version-3.2.md
@@ -1,6 +1,6 @@
 # NetBox v3.2
 
-## v3.2.5 (FUTURE)
+## v3.2.5 (2022-06-20)
 
 ### Enhancements
 
diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index f30dea4d7..f86f3a8f2 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -29,7 +29,7 @@ django.utils.encoding.force_text = force_str
 # Environment setup
 #
 
-VERSION = '3.2.5-dev'
+VERSION = '3.2.5'
 
 # Hostname
 HOSTNAME = platform.node()
diff --git a/requirements.txt b/requirements.txt
index dbe7d70c2..1fdace4f0 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,8 +1,8 @@
 bleach==5.0.0
-Django==4.0.4
-django-cors-headers==3.12.0
-django-debug-toolbar==3.2.4
-django-filter==21.1
+Django==4.0.5
+django-cors-headers==3.13.0
+django-debug-toolbar==3.4.0
+django-filter==22.1
 django-graphiql-debug-toolbar==0.2.0
 django-mptt==0.13.4
 django-pglocks==1.0.4
@@ -19,7 +19,7 @@ gunicorn==20.1.0
 Jinja2==3.1.2
 Markdown==3.3.7
 markdown-include==0.6.0
-mkdocs-material==8.2.16
+mkdocs-material==8.3.6
 mkdocstrings[python-legacy]==0.19.0
 netaddr==0.8.0
 Pillow==9.1.1
@@ -27,7 +27,7 @@ psycopg2-binary==2.9.3
 PyYAML==6.0
 sentry-sdk==1.5.12
 social-auth-app-django==5.0.0
-social-auth-core==4.2.0
+social-auth-core==4.3.0
 svgwrite==1.4.2
 tablib==3.2.1
 tzdata==2022.1