diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index ac2c4b832..859f53742 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -1,6 +1,26 @@
 Changelog
 =========
 
+1.3.2 (2023-01-26)
+------------------
+
+Bug fixes
+
+* Fix: ensure ``DbtGraph.update_node_dependency`` is called for all load methods by @jbandoro in #803
+* Fix: ensure operator ``execute`` method is consistent across all execution base subclasses by @jbandoro in #805
+* Fix custom selector when ``test`` node has no ``depends_on`` values by @tatiana in #814
+* Fix forwarding selectors to test task when using ``TestBehavior.AFTER_ALL`` by @tatiana in #816
+
+Others
+
+* Docs: Remove incorrect docstring from ``DbtLocalBaseOperator`` by @jakob-hvitnov-telia in #797
+* Add more logs to troubleshoot custom selector by @tatiana in #809
+* Fix OpenLineage integration documentation by @tatiana in #810
+* Fix test dependencies after Airflow 2.8 release by @jbandoro and @tatiana in #806
+* Use Airflow constraint file for test environment setup by @jbandoro in #812
+* pre-commit updates in #799, #807
+
+
 1.3.1 (2023-01-10)
 ------------------
 
diff --git a/cosmos/__init__.py b/cosmos/__init__.py
index cdd7e5579..6e841e934 100644
--- a/cosmos/__init__.py
+++ b/cosmos/__init__.py
@@ -5,7 +5,7 @@
 
 Contains dags, task groups, and operators.
 """
-__version__ = "1.3.1"
+__version__ = "1.3.2"
 
 
 from cosmos.airflow.dag import DbtDag