diff --git a/docs/release-notes/version-3.2.md b/docs/release-notes/version-3.2.md
index 0c56c92f7..408d572c7 100644
--- a/docs/release-notes/version-3.2.md
+++ b/docs/release-notes/version-3.2.md
@@ -1,5 +1,9 @@
 # NetBox v3.2
 
+## v3.2.4 (FUTURE)
+
+---
+
 ## v3.2.3 (2022-05-12)
 
 ### Enhancements
diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index 999e39479..59306b8fa 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 = '3.2.3'
+VERSION = '3.2.4-dev'
 
 # Hostname
 HOSTNAME = platform.node()