diff --git a/.zenodo.json b/.zenodo.json
index 1f351d41608..bacdb0b4981 100644
--- a/.zenodo.json
+++ b/.zenodo.json
@@ -1,8 +1,8 @@
 {
   "description": "Experiment-independent toolkit for (charged) particle track reconstruction in (high energy) physics experiments implemented in modern C++ ",
   "license": "MPL-2.0",
-  "title": "acts-project/acts: v38.1.0",
-  "version": "v38.1.0",
+  "title": "acts-project/acts: v38.2.0",
+  "version": "v38.2.0",
   "upload_type": "software",
   "creators": [
     {
diff --git a/CITATION.cff b/CITATION.cff
index 44b94ac5b17..20d1d301c6a 100644
--- a/CITATION.cff
+++ b/CITATION.cff
@@ -92,7 +92,7 @@ authors:
 - given-names: Carlo
   family-names: Varni
   affiliation: UC Berkeley
-version: v38.1.0
+version: v38.2.0
 date-released: 2021-07-28
 repository-code: https://github.com/acts-project/acts
 license: MPL-2.0
diff --git a/version_number b/version_number
index 56a5f899ef7..0dc0e7fb1a2 100644
--- a/version_number
+++ b/version_number
@@ -1 +1 @@
-38.1.0
+38.2.0