diff --git a/CHANGELOG.md b/CHANGELOG.md
index 10622ab..5222e43 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,9 @@
+## [v3.2.0](https://github.com/DS4SD/docling-ibm-models/releases/tag/v3.2.0) - 2025-01-21
+
+### Feature
+
+* Code equation model ([#71](https://github.com/DS4SD/docling-ibm-models/issues/71)) ([`fa51a6c`](https://github.com/DS4SD/docling-ibm-models/commit/fa51a6c00e6e9f5ff8e392eccb2064970bc8ddc2))
+
 ## [v3.1.2](https://github.com/DS4SD/docling-ibm-models/releases/tag/v3.1.2) - 2025-01-10
 
 ### Fix
diff --git a/pyproject.toml b/pyproject.toml
index d2dd76a..ea4db52 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "docling-ibm-models"
-version = "3.1.2"  # DO NOT EDIT, updated automatically
+version = "3.2.0"  # DO NOT EDIT, updated automatically
 description = "This package contains the AI models used by the Docling PDF conversion package"
 authors = ["Nikos Livathinos <nli@zurich.ibm.com>", "Maxim Lysak <mly@zurich.ibm.com>", "Ahmed Nassar <ahn@zurich.ibm.com>", "Christoph Auer <cau@zurich.ibm.com>", "Michele Dolfi <dol@zurich.ibm.com>", "Peter Staar <taa@zurich.ibm.com>"]
 license = "MIT"