diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index b655a565ad6d..d2a91e5ac1ac 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.131.0"
+  ".": "2.132.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0fcbe0338237..968a50236584 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## [2.132.0](https://github.com/Flagsmith/flagsmith/compare/v2.131.0...v2.132.0) (2024-07-25)
+
+
+### Features
+
+* Improve versioned change requests to handle multiple open CRs for single feature ([#4245](https://github.com/Flagsmith/flagsmith/issues/4245)) ([f1cc8d8](https://github.com/Flagsmith/flagsmith/commit/f1cc8d8409106d5a8feb6dd36cf8e3e4a8c40f0f))
+* Return transient traits explicitly ([#4375](https://github.com/Flagsmith/flagsmith/issues/4375)) ([79b3ae7](https://github.com/Flagsmith/flagsmith/commit/79b3ae7d8fa14658623cd15cfbf4f177256728ff))
+* versioned change request change sets ([#4301](https://github.com/Flagsmith/flagsmith/issues/4301)) ([6f1f212](https://github.com/Flagsmith/flagsmith/commit/6f1f212ebbaf4cde927c33fb1a17d0ab1cbf06c2))
+
+
+### Bug Fixes
+
+* add logic to set segment to lowest priority if not set ([#4381](https://github.com/Flagsmith/flagsmith/issues/4381)) ([a78b284](https://github.com/Flagsmith/flagsmith/commit/a78b284bee634347544acb9b02225d998ad1ef8c))
+* Cannot use an API Key to add users to a group ([#4362](https://github.com/Flagsmith/flagsmith/issues/4362)) ([0390075](https://github.com/Flagsmith/flagsmith/commit/03900751daa5bfe40fdf70415a2d81594413b597))
+* feature segments created with priority 0 are sent to bottom ([#4383](https://github.com/Flagsmith/flagsmith/issues/4383)) ([3f745c5](https://github.com/Flagsmith/flagsmith/commit/3f745c5621ea931d4dba1d24e81a5fc4317f243b))
+* Organisation/Project dropdown not reset after closing ([#4365](https://github.com/Flagsmith/flagsmith/issues/4365)) ([1af5d48](https://github.com/Flagsmith/flagsmith/commit/1af5d489e6db4b662ae1e21a4442ccc3a70f3189))
+* users with `CREATE_FEATURE` permission cannot assign feature users / groups ([#4371](https://github.com/Flagsmith/flagsmith/issues/4371)) ([d0f3704](https://github.com/Flagsmith/flagsmith/commit/d0f370413ff3e6ea219cb6d21384ad7ceb4e079c))
+
 ## [2.131.0](https://github.com/Flagsmith/flagsmith/compare/v2.130.0...v2.131.0) (2024-07-22)
 
 
diff --git a/version.txt b/version.txt
index 9f109bb1dd85..991bdd4c7632 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-2.131.0
+2.132.0