diff --git a/CHANGELOG.md b/CHANGELOG.md
index 883e0fc263..33e653908b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,13 @@
+### 1.3.2 (Next)
+
+#### Features
+
+* Your contribution here.
+
+#### Fixes
+
+* Your contribution here.
+
 ### 1.3.1 (2020/03/11)
 
 #### Features
diff --git a/README.md b/README.md
index 7b9c88b845..004c48b2ca 100644
--- a/README.md
+++ b/README.md
@@ -154,7 +154,9 @@ content negotiation, versioning and much more.
 
 ## Stable Release
 
-You're reading the documentation for the stable release of Grape, **1.3.1**.
+You're reading the documentation for the next release of Grape, which should be **1.3.2**.
+Please read [UPGRADING](UPGRADING.md) when upgrading from a previous version.
+The current stable release is [1.3.1](https://github.com/ruby-grape/grape/blob/v1.3.1/README.md).
 
 ## Project Resources
 
diff --git a/lib/grape/version.rb b/lib/grape/version.rb
index 641165dd11..260d092ab6 100644
--- a/lib/grape/version.rb
+++ b/lib/grape/version.rb
@@ -2,5 +2,5 @@
 
 module Grape
   # The current version of Grape.
-  VERSION = '1.3.1'
+  VERSION = '1.3.2'
 end