diff --git a/CHANGES.rst b/CHANGES.rst
index 78f1ad329a..1ba0f341a7 100644
--- a/CHANGES.rst
+++ b/CHANGES.rst
@@ -1,7 +1,7 @@
 Version 2.3.2
 -------------
 
-Unreleased
+Released 2022-05-01
 
 -   Set ``Vary: Cookie`` header when the session is accessed, modified, or refreshed.
 -   Update Werkzeug requirement to >=2.3.3 to apply recent bug fixes.
diff --git a/src/flask/__init__.py b/src/flask/__init__.py
index d0db550d1a..0bef2213bf 100644
--- a/src/flask/__init__.py
+++ b/src/flask/__init__.py
@@ -38,7 +38,7 @@
 from .templating import stream_template as stream_template
 from .templating import stream_template_string as stream_template_string
 
-__version__ = "2.3.2.dev"
+__version__ = "2.3.2"
 
 
 def __getattr__(name):