diff --git a/changelog.txt b/changelog.txt
index d879538ea0..2792868397 100644
--- a/changelog.txt
+++ b/changelog.txt
@@ -1,3 +1,18 @@
+- Changelog for v3.2.0-RC3 (2021-05-26):
+  * Update release notes for v3.2.0-RC3
+  * Fix race on podman start --all
+  * Fix race condition in running ls container in a pod
+  * docs: --cert-dir: point to containers-certs.d(5)
+  * Handle hard links in different directories
+  * Improve OCI Runtime error
+  * Handle hard links in remote builds
+  * Podman info add support for status of cgroup controllers
+  * Drop container does not exist on removal to debugf
+  * Downgrade API service routing table logging
+  * add libimage events
+  * docs: generate systemd: XDG_RUNTIME_DIR
+  * Fix problem copying files when container is in host pid namespace
+
 - Changelog for v3.2.0-RC2 (2021-05-20):
   * update c/common
   * Update Cirrus DEST_BRANCH to v3.2
diff --git a/version/version.go b/version/version.go
index 1cbd9e309a..f08c55dc90 100644
--- a/version/version.go
+++ b/version/version.go
@@ -27,7 +27,7 @@ const (
 // NOTE: remember to bump the version at the top
 // of the top-level README.md file when this is
 // bumped.
-var Version = semver.MustParse("3.2.0-dev")
+var Version = semver.MustParse("3.2.0-rc3")
 
 // See https://docs.docker.com/engine/api/v1.40/
 // libpod compat handlers are expected to honor docker API versions