diff --git a/NEWS b/NEWS
index 5d9c8d240ea..793873fe61e 100644
--- a/NEWS
+++ b/NEWS
@@ -1,6 +1,9 @@
 PHP                                                                        NEWS
 |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
-?? ??? ????, PHP 8.3.1
+?? ??? ????, PHP 8.3.2
+
+
+07 Dec 2023, PHP 8.3.1RC1
 
 - Core:
   . Fixed bug GH-12758 / GH-12768 (Invalid opline in OOM handlers within
diff --git a/Zend/zend.h b/Zend/zend.h
index 7fd41c8dee1..694e419b114 100644
--- a/Zend/zend.h
+++ b/Zend/zend.h
@@ -20,7 +20,7 @@
 #ifndef ZEND_H
 #define ZEND_H
 
-#define ZEND_VERSION "4.3.1-dev"
+#define ZEND_VERSION "4.3.2-dev"
 
 #define ZEND_ENGINE_3
 
diff --git a/configure.ac b/configure.ac
index 749d4b53d8b..500fdaaffe0 100644
--- a/configure.ac
+++ b/configure.ac
@@ -17,7 +17,7 @@ dnl Basic autoconf initialization, generation of config.nice.
 dnl ----------------------------------------------------------------------------
 
 AC_PREREQ([2.68])
-AC_INIT([PHP],[8.3.1-dev],[https://github.com/php/php-src/issues],[php],[https://www.php.net])
+AC_INIT([PHP],[8.3.2-dev],[https://github.com/php/php-src/issues],[php],[https://www.php.net])
 AC_CONFIG_SRCDIR([main/php_version.h])
 AC_CONFIG_AUX_DIR([build])
 AC_PRESERVE_HELP_ORDER
diff --git a/main/php_version.h b/main/php_version.h
index e4f32e1fd52..f6633fe3451 100644
--- a/main/php_version.h
+++ b/main/php_version.h
@@ -2,7 +2,7 @@
 /* edit configure.ac to change version number */
 #define PHP_MAJOR_VERSION 8
 #define PHP_MINOR_VERSION 3
-#define PHP_RELEASE_VERSION 1
+#define PHP_RELEASE_VERSION 2
 #define PHP_EXTRA_VERSION "-dev"
-#define PHP_VERSION "8.3.1-dev"
-#define PHP_VERSION_ID 80301
+#define PHP_VERSION "8.3.2-dev"
+#define PHP_VERSION_ID 80302