diff --git a/CHANGELOG.md b/CHANGELOG.md
index 45e5415e..733f08d2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,13 @@
 # Okta Python SDK Changelog
 
+# 3.2.0
+
+* Replaced the `flatdict` dependency to fix critical configuration delimiter collisions and empty YAML crashes ([https://github.com/okta/okta-sdk-python/issues/417](https://github.com/okta/okta-sdk-python/issues/417), [https://github.com/okta/okta-sdk-python/issues/496](https://github.com/okta/okta-sdk-python/issues/496), [https://github.com/okta/okta-sdk-python/issues/499](https://github.com/okta/okta-sdk-python/issues/499)).
+* Implemented lazy loading for models and APIs to reduce SDK import time from 2 seconds to milliseconds (Issue #476). [https://github.com/okta/okta-sdk-python/issues/476](https://github.com/okta/okta-sdk-python/issues/476)
+* Fixed OAuth 2.0 token requests failing with 400 errors by removing duplicate `client_assertion` parameters ([https://github.com/okta/okta-sdk-python/issues/384](https://github.com/okta/okta-sdk-python/issues/384), [https://github.com/okta/okta-sdk-python/issues/489](https://github.com/okta/okta-sdk-python/issues/489)).
+* Added support for the `MFA_AS_SERVICE` application sign-on mode.
+* Resolved `userBehaviors` validation errors in `get_logs` by adding the new `LogUserBehavior` model.
+
 # 3.1.0
 
 ## OVERVIEW
diff --git a/okta/__init__.py b/okta/__init__.py
index a301df4b..16124f98 100644
--- a/okta/__init__.py
+++ b/okta/__init__.py
@@ -21,7 +21,7 @@
 """  # noqa: E501
 
 
-__version__ = "3.1.0"
+__version__ = "3.2.0"
 
 import importlib as _importlib
 import threading as _threading
diff --git a/openapi/config.yaml b/openapi/config.yaml
index 2fda5b65..1d4a75d2 100644
--- a/openapi/config.yaml
+++ b/openapi/config.yaml
@@ -1,7 +1,7 @@
 templateDir: ./templates
 outputDir: ..
 packageName: okta
-packageVersion: 3.1.0
+packageVersion: 3.2.0
 useOneOfDiscriminatorLookup: true
 files:
   okta/okta_configuration.mustache:
diff --git a/openapi/templates/setup.mustache b/openapi/templates/setup.mustache
index 3b608a99..475d3fbb 100644
--- a/openapi/templates/setup.mustache
+++ b/openapi/templates/setup.mustache
@@ -70,7 +70,7 @@ setup(
         "Topic :: Software Development :: Libraries :: Python Modules",
     ],
     name=NAME,
-    version="3.1.0",
+    version="3.2.0",
     description="Python SDK for the Okta Management API",
     author="Okta, Inc.",
     author_email="developer-community-products@okta.com",
diff --git a/pyproject.toml b/pyproject.toml
index 47039619..78e5b17a 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "okta"
-version = "3.1.0"
+version = "3.2.0"
 description = "Okta Admin Management"
 authors = ["Okta Developer Team <devex-public@okta.com>"]
 license = "Apache-2.0"
diff --git a/setup.py b/setup.py
index 3b608a99..475d3fbb 100644
--- a/setup.py
+++ b/setup.py
@@ -70,7 +70,7 @@ def get_version():
         "Topic :: Software Development :: Libraries :: Python Modules",
     ],
     name=NAME,
-    version="3.1.0",
+    version="3.2.0",
     description="Python SDK for the Okta Management API",
     author="Okta, Inc.",
     author_email="developer-community-products@okta.com",