diff --git a/CHANGELOG.md b/CHANGELOG.md
index 095ece016a219..69ab9e4dda4ab 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,27 @@
 # Upcoming Release
 
+## New Features:
+
+No changes to highlight.
+
+## Bug Fixes:
+
+No changes to highlight.
+
+## Other Changes:
+
 No changes to highlight.
 
+## Breaking Changes:
+
+No changes to highlight.
+
+# 3.32.0
+
+## New Features:
+
+- `Interface.launch()` and `Blocks.launch()` now accept an `app_kwargs` argument to allow customizing the configuration of the underlying FastAPI app, by [@akx](https://github.com/akx) in [PR 4282](https://github.com/gradio-app/gradio/pull/4282)
+
 ## Bug Fixes:
 
 - Fixed Gallery/AnnotatedImage components not respecting GRADIO_DEFAULT_DIR variable by [@freddyaboulton](https://github.com/freddyaboulton) in [PR 4256](https://github.com/gradio-app/gradio/pull/4256)
diff --git a/gradio/version.txt b/gradio/version.txt
index d9351e5882a31..cac6068cfc734 100644
--- a/gradio/version.txt
+++ b/gradio/version.txt
@@ -1 +1 @@
-3.31.0
+3.32.0