diff --git a/doc/source/release.rst b/doc/source/release.rst
index 0c864d19fd45..0dd4b81c7df9 100644
--- a/doc/source/release.rst
+++ b/doc/source/release.rst
@@ -5,6 +5,7 @@ Release notes
 .. toctree::
     :maxdepth: 2
 
+    2.3.2 <release/2.3.2-notes>
     2.3.1 <release/2.3.1-notes>
     2.3.0 <release/2.3.0-notes>
     2.2.6 <release/2.2.6-notes>
diff --git a/doc/source/release/2.3.2-notes.rst b/doc/source/release/2.3.2-notes.rst
new file mode 100644
index 000000000000..18658508f8fb
--- /dev/null
+++ b/doc/source/release/2.3.2-notes.rst
@@ -0,0 +1,20 @@
+.. currentmodule:: numpy
+
+=========================
+NumPy 2.3.2 Release Notes
+=========================
+
+The NumPy 2.3.2 release is a patch release.
+
+Highlights
+==========
+
+*We'll choose highlights for this release near the end of the release cycle.*
+
+
+.. if release snippets have been incorporated already, uncomment the follow
+   line (leave the `.. include:: directive)
+
+.. **Content from release note snippets in doc/release/upcoming_changes:**
+
+.. include:: notes-towncrier.rst
diff --git a/pavement.py b/pavement.py
index 4a73e415040f..d02d421d3d71 100644
--- a/pavement.py
+++ b/pavement.py
@@ -35,7 +35,7 @@
 #-----------------------------------
 
 # Path to the release notes
-RELEASE_NOTES = 'doc/source/release/2.3.1-notes.rst'
+RELEASE_NOTES = 'doc/source/release/2.3.2-notes.rst'
 
 
 #-------------------------------------------------------
diff --git a/pyproject.toml b/pyproject.toml
index b7c6abcdfa85..c9a60de702a8 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -7,7 +7,7 @@ requires = [
 
 [project]
 name = "numpy"
-version = "2.3.1"
+version = "2.3.2"
 # TODO: add `license-files` once PEP 639 is accepted (see meson-python#88)
 license = {file = "LICENSE.txt"}