diff --git a/NEWS.md b/NEWS.md
index 9dc3057733..af9262dba1 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,3 +1,22 @@
+### Tiled 1.3.2 (22 January 2020)
+
+* Fixed initialization of selected layers (#2719)
+* Fixed stamp action shortcuts not being configurable (#2684)
+* Fixed the tileset view to respect the 'wheel zooms by default' preference
+* Fixed insertion position when using drag-n-drop to rearrange layers
+* Fixed displayed layer data format in Properties
+* Fixed repeating of export when map is saved by a custom command (#2709)
+* Fixed issue when multiple worlds are loaded that use pattern matching
+* Issues view can now be hidden by clicking the status bar counters
+* macOS: Fixed black toolbar when enabling OpenGL rendering (#1839)
+* Windows: Fixed context menus activating first item on release (#2693)
+* Windows installer: Include the 'defoldcollection' plugin (#2677)
+* libtiled: Avoid inheriting Properties from QVariantMap (#2679)
+* docs: Added some notes to Python and JavaScript pages (#2725)
+* Updated Qt from 5.12.5 to 5.12.6
+* Updated Finnish translation (by Tuomas Lähteenmäki and odamite)
+* Updated part of Italian translation (by Katia Piazza)
+
 ### Tiled 1.3.1 (20 November 2019)
 
 * Added reloading of object types when changed externally (by Jacob Coughenour, #2674)
diff --git a/docs/conf.py b/docs/conf.py
index b245e9b7a8..a77b0310ba 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -57,7 +57,7 @@
 # The short X.Y version.
 version = '1.3'
 # The full version, including alpha/beta/rc tags.
-release = '1.3.1'
+release = '1.3.2'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/tiled.pri b/tiled.pri
index c083a9a70f..74186607a3 100644
--- a/tiled.pri
+++ b/tiled.pri
@@ -1,5 +1,5 @@
 # Initialize the version
-isEmpty(TILED_VERSION):TILED_VERSION = "1.3.1"
+isEmpty(TILED_VERSION):TILED_VERSION = "1.3.2"
 
 # See the README file for instructions about setting the install prefix.
 isEmpty(PREFIX):PREFIX = /usr/local
diff --git a/tiled.qbs b/tiled.qbs
index 2abb639e60..96f2d816af 100644
--- a/tiled.qbs
+++ b/tiled.qbs
@@ -7,7 +7,7 @@ Project {
     qbsSearchPaths: "qbs"
     minimumQbsVersion: "1.8"
 
-    property string version: Environment.getEnv("TILED_VERSION") || "1.3.1";
+    property string version: Environment.getEnv("TILED_VERSION") || "1.3.2";
     property bool snapshot: Environment.getEnv("TILED_SNAPSHOT")
     property bool release: Environment.getEnv("TILED_RELEASE")
     property bool installHeaders: false