diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 534c8ff8b..1f73031b8 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "3.1.3"
+  ".": "3.2.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 44e6eba95..a863b9118 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## [3.2.0](https://github.com/microsoft/OpenAPI.NET/compare/v3.1.3...v3.2.0) (2026-01-19)
+
+
+### Features
+
+* hidi validate command now logs warnings ([76a3c0f](https://github.com/microsoft/OpenAPI.NET/commit/76a3c0fe33a6c953263d9d91669b2f1bab562a79))
+* hidi validate command now logs warnings ([62e7d56](https://github.com/microsoft/OpenAPI.NET/commit/62e7d56ac0863875999240d68a2766d2cc2d594c))
+
+
+### Bug Fixes
+
+* discriminator property validation fails any/allOf cases when it shouldn't ([fb6cecc](https://github.com/microsoft/OpenAPI.NET/commit/fb6cecccafd5713bc1eb22e0cf07619cf495ebb5))
+* discriminator property validation fails any/allOf cases when it shouldn't ([a8fb81c](https://github.com/microsoft/OpenAPI.NET/commit/a8fb81cf9524a3f2f721aa808db244434e1cd177))
+
 ## [3.1.3](https://github.com/microsoft/OpenAPI.NET/compare/v3.1.2...v3.1.3) (2026-01-16)
 
 
diff --git a/Directory.Build.props b/Directory.Build.props
index b0681cf72..028c4e6c5 100644
--- a/Directory.Build.props
+++ b/Directory.Build.props
@@ -12,7 +12,7 @@
     <PackageProjectUrl>https://github.com/Microsoft/OpenAPI.NET</PackageProjectUrl>
     <Copyright>© Microsoft Corporation. All rights reserved.</Copyright>
     <PackageTags>OpenAPI .NET</PackageTags>
-    <Version>3.1.3</Version>
+    <Version>3.2.0</Version>
   </PropertyGroup>
   <!-- https://github.com/clairernovotny/DeterministicBuilds#deterministic-builds -->
   <PropertyGroup Condition="'$(TF_BUILD)' == 'true'">