diff --git a/django/__init__.py b/django/__init__.py
index 2da16633d84..c6bda275109 100644
--- a/django/__init__.py
+++ b/django/__init__.py
@@ -1,6 +1,6 @@
 from django.utils.version import get_version
 
-VERSION = (3, 1, 0, 'alpha', 0)
+VERSION = (3, 2, 0, 'alpha', 0)
 
 __version__ = get_version(VERSION)
 
diff --git a/docs/conf.py b/docs/conf.py
index 316408dbf1b..4970e754c78 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -83,7 +83,7 @@ copyright = 'Django Software Foundation and contributors'
 # built documents.
 #
 # The short X.Y version.
-version = '3.1'
+version = '3.2'
 # The full version, including alpha/beta/rc tags.
 try:
     from django import VERSION, get_version
@@ -99,7 +99,7 @@ else:
     release = django_release()
 
 # The "development version" of Django
-django_next_version = '3.1'
+django_next_version = '3.2'
 
 extlinks = {
     'commit': ('https://github.com/django/django/commit/%s', ''),