diff --git a/README.rst b/README.rst
index d050f5068..fe60603f3 100644
--- a/README.rst
+++ b/README.rst
@@ -44,7 +44,7 @@ Here's a screenshot of the toolbar in action:
 In addition to the built-in panels, a number of third-party panels are
 contributed by the community.
 
-The current stable version of the Debug Toolbar is 3.7.0. It works on
+The current stable version of the Debug Toolbar is 3.8.0. It works on
 Django ≥ 3.2.4.
 
 Documentation, including installation and configuration instructions, is
diff --git a/debug_toolbar/__init__.py b/debug_toolbar/__init__.py
index e9ed74ab1..d5d28881d 100644
--- a/debug_toolbar/__init__.py
+++ b/debug_toolbar/__init__.py
@@ -4,7 +4,7 @@
 
 # Do not use pkg_resources to find the version but set it here directly!
 # see issue #1446
-VERSION = "3.7.0"
+VERSION = "3.8.0"
 
 # Code that discovers files or modules in INSTALLED_APPS imports this module.
 urls = "debug_toolbar.urls", APP_NAME
diff --git a/docs/changes.rst b/docs/changes.rst
index ea413fe7a..1134b8d4c 100644
--- a/docs/changes.rst
+++ b/docs/changes.rst
@@ -4,6 +4,9 @@ Change log
 Pending
 -------
 
+3.8.0 (2022-12-03)
+------------------
+
 * Added protection against division by 0 in timer.js
 * Auto-update History panel for JavaScript ``fetch`` requests.
 * Support `HTMX boosting <https://htmx.org/docs/#boosting/>`__ and
diff --git a/docs/conf.py b/docs/conf.py
index 97bab48c8..fb97af3f9 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -25,7 +25,7 @@
 copyright = copyright.format(datetime.date.today().year)
 
 # The full version, including alpha/beta/rc tags
-release = "3.7.0"
+release = "3.8.0"
 
 
 # -- General configuration ---------------------------------------------------