diff --git a/README.md b/README.md
index 24ce80e85fb..630c50f0fce 100644
--- a/README.md
+++ b/README.md
@@ -5,7 +5,7 @@ Intel® Neural Compressor
 <h3> An open-source Python library supporting popular model compression techniques on all mainstream deep learning frameworks (TensorFlow, PyTorch, and ONNX Runtime)</h3>
 
 [![python](https://img.shields.io/badge/python-3.8%2B-blue)](https://github.com/intel/neural-compressor)
-[![version](https://img.shields.io/badge/release-3.1.1-green)](https://github.com/intel/neural-compressor/releases)
+[![version](https://img.shields.io/badge/release-3.2-green)](https://github.com/intel/neural-compressor/releases)
 [![license](https://img.shields.io/badge/license-Apache%202-blue)](https://github.com/intel/neural-compressor/blob/master/LICENSE)
 [![coverage](https://img.shields.io/badge/coverage-85%25-green)](https://github.com/intel/neural-compressor)
 [![Downloads](https://static.pepy.tech/personalized-badge/neural-compressor?period=total&units=international_system&left_color=grey&right_color=green&left_text=downloads)](https://pepy.tech/project/neural-compressor)