diff --git a/CMakeLists.txt b/CMakeLists.txt
index 6fbd7b94c8..3ab2034a1a 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -5,7 +5,7 @@ enable_language(CXX)
 # Set DAGMC version
 set(DAGMC_MAJOR_VERSION 3)
 set(DAGMC_MINOR_VERSION 2)
-set(DAGMC_PATCH_VERSION 2)
+set(DAGMC_PATCH_VERSION 3)
 set(DAGMC_VERSION ${DAGMC_MAJOR_VERSION}.${DAGMC_MINOR_VERSION}.${DAGMC_PATCH_VERSION})
 
 if(MSVC)
diff --git a/doc/CHANGELOG.rst b/doc/CHANGELOG.rst
index 46b49d1fe5..72afe9448b 100644
--- a/doc/CHANGELOG.rst
+++ b/doc/CHANGELOG.rst
@@ -7,6 +7,9 @@ DAGMC Changelog
 Next version
 ====================
 
+v3.2.3
+====================
+
 **Changed:**
 
    * Improvements/corrections to graveyard capabilities (#855)