diff --git a/build.gradle.kts b/build.gradle.kts
index d22c54745..5aff6634f 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -12,7 +12,7 @@ fun prop(name: String): String =
         ?: error("Property `$name` is not defined in gradle.properties for environment `$shortPlatformVersion`")
 
 val shortPlatformVersion = prop("shortPlatformVersion")
-val codeVersion = "1.31.0"
+val codeVersion = "1.32.0"
 val pluginVersion = "$codeVersion.$shortPlatformVersion"
 val pluginGroup = "org.move"
 val javaVersion = JavaVersion.VERSION_17
diff --git a/changelog/1.32.0.md b/changelog/1.32.0.md
new file mode 100644
index 000000000..5cbc44c2b
--- /dev/null
+++ b/changelog/1.32.0.md
@@ -0,0 +1,13 @@
+# INTELLIJ MOVE CHANGELOG: 1.32.0
+
+TBD
+
+## Fixes
+
+* Remove bundled `aptos-cli` for MacOS.
+
+* Fix endless loop if project is opened in an invalid Aptos root. 
+
+## Internal
+
+* Drop 2022.3.