diff --git a/configure.ac b/configure.ac
index ed49daa915..e61ab7ba6f 100644
--- a/configure.ac
+++ b/configure.ac
@@ -16,7 +16,7 @@ dnl You should have received a copy of the GNU Lesser General Public
 dnl License along with this library.  If not, see
 dnl <http://www.gnu.org/licenses/>.
 
-AC_INIT([libvirt], [3.1.0], [libvir-list@redhat.com], [], [http://libvirt.org])
+AC_INIT([libvirt], [3.2.0], [libvir-list@redhat.com], [], [http://libvirt.org])
 AC_CONFIG_SRCDIR([src/libvirt.c])
 AC_CONFIG_AUX_DIR([build-aux])
 AC_CONFIG_HEADERS([config.h])
diff --git a/docs/news.xml b/docs/news.xml
index 3cb93c38d6..bb676192f5 100644
--- a/docs/news.xml
+++ b/docs/news.xml
@@ -10,6 +10,14 @@
      and optionally a description where it's explained in more detail -->
 
 <libvirt>
+  <release version="v3.2.0" date="unreleased">
+    <section title="New features">
+    </section>
+    <section title="Improvements">
+    </section>
+    <section title="Bug fixes">
+    </section>
+  </release>
   <release version="v3.1.0" date="2017-03-03">
     <section title="New features">
       <change>