diff --git a/ChangeLog b/ChangeLog
index 26a340e5aa1..8e0890dcf2f 100644
--- a/ChangeLog
+++ b/ChangeLog
@@ -1,3 +1,7 @@
+22.3.2
+ - azure: define new attribute for pre-22.3 pickles (#1725)
+ - sources/azure: ensure instance id is always correct (#1727)
+
 22.3.1
  - Fix v2 interface matching when no MAC (LP: #1986551)
  - test: reduce number of network dependencies in flaky test (#1702)
diff --git a/cloudinit/version.py b/cloudinit/version.py
index 83df251ecc3..2585380c0d8 100644
--- a/cloudinit/version.py
+++ b/cloudinit/version.py
@@ -4,7 +4,7 @@
 #
 # This file is part of cloud-init. See LICENSE file for license information.
 
-__VERSION__ = "22.3.1"
+__VERSION__ = "22.3.2"
 _PACKAGED_VERSION = "@@PACKAGED_VERSION@@"
 
 FEATURES = [