diff --git a/docs/release-notes/version-3.2.md b/docs/release-notes/version-3.2.md
index 9f354dbd6..ddf2ebded 100644
--- a/docs/release-notes/version-3.2.md
+++ b/docs/release-notes/version-3.2.md
@@ -1,5 +1,9 @@
 # NetBox v3.2
 
+## v3.2.1 (FUTURE)
+
+---
+
 ## v3.2.0 (2022-04-05)
 
 !!! warning "Python 3.8 or Later Required"
diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index 1e972df8c..04c0e9c3d 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -26,7 +26,7 @@ django.utils.encoding.force_text = force_str
 # Environment setup
 #
 
-VERSION = '3.2.0'
+VERSION = '3.2.1-dev'
 
 # Hostname
 HOSTNAME = platform.node()