diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index bf7b1f4c..f04d0896 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "0.31.3"
+  ".": "0.32.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index a0ac3f02..75ee42a3 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,6 +5,12 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/)
 and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.html).
 
+## [0.32.0](https://github.com/openlayer-ai/openlayer-python/compare/v0.31.3...v0.32.0) (2026-09-09)
+
+### Features
+
+* **examples:** add Microsoft Agent Framework tracing example ([#667](https://github.com/openlayer-ai/openlayer-python/issues/667)) ([3ba4592](https://github.com/openlayer-ai/openlayer-python/commit/3ba4592fd684c7a3d91c11fe08d7ade2112b32d5))
+
 ## 0.31.3 (2026-08-20)
 
 Full Changelog: [v0.31.2...v0.31.3](https://github.com/openlayer-ai/openlayer-python/compare/v0.31.2...v0.31.3)
diff --git a/pyproject.toml b/pyproject.toml
index 516f8988..4990f3e4 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "openlayer"
-version = "0.31.3"
+version = "0.32.0"
 description = "The official Python library for the openlayer API"
 dynamic = ["readme"]
 license = "Apache-2.0"
diff --git a/src/openlayer/_version.py b/src/openlayer/_version.py
index ee561d3f..34e5ca28 100644
--- a/src/openlayer/_version.py
+++ b/src/openlayer/_version.py
@@ -1,4 +1,4 @@
 # File generated from our OpenAPI spec by Stainless. See CONTRIBUTING.md for details.
 
 __title__ = "openlayer"
-__version__ = "0.31.3"  # x-release-please-version
+__version__ = "0.32.0"  # x-release-please-version