diff --git a/CHANGES.md b/CHANGES.md
index 4a7db445c2..e49091205e 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,12 @@
+# Synapse 1.138.2 (2025-09-24)
+
+## Internal Changes
+
+- Drop support for Ubuntu 24.10 Oracular Oriole, and add support for Ubuntu 25.04 Plucky Puffin. ([\#18962](https://github.com/element-hq/synapse/issues/18962))
+
+
+
+
 # Synapse 1.138.1 (2025-09-24)
 
 ## Bugfixes
diff --git a/changelog.d/18962.misc b/changelog.d/18962.misc
deleted file mode 100644
index 22f762a37f..0000000000
--- a/changelog.d/18962.misc
+++ /dev/null
@@ -1 +0,0 @@
-Drop support for Ubuntu 24.10 Oracular Oriole, and add support for Ubuntu 25.04 Plucky Puffin.
\ No newline at end of file
diff --git a/debian/changelog b/debian/changelog
index f5403f7b6b..ea15974d63 100644
--- a/debian/changelog
+++ b/debian/changelog
@@ -1,3 +1,9 @@
+matrix-synapse-py3 (1.138.2) stable; urgency=medium
+
+  * New Synapse release 1.138.2.
+
+ -- Synapse Packaging team <packages@matrix.org>  Wed, 24 Sep 2025 12:26:16 +0100
+
 matrix-synapse-py3 (1.138.1) stable; urgency=medium
 
   * New Synapse release 1.138.1.
diff --git a/pyproject.toml b/pyproject.toml
index 7b756bc614..c548a652e9 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -101,7 +101,7 @@ module-name = "synapse.synapse_rust"
 
 [tool.poetry]
 name = "matrix-synapse"
-version = "1.138.1"
+version = "1.138.2"
 description = "Homeserver for the Matrix decentralised comms protocol"
 authors = ["Matrix.org Team and Contributors <packages@matrix.org>"]
 license = "AGPL-3.0-or-later"