diff --git a/docs/release-notes.md b/docs/release-notes.md
index 82ada5ebe2..71fbfd05aa 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -2,6 +2,8 @@
 
 ## Latest Changes
 
+## 0.0.49 (2026-11-11)
+
 ### Upgrades
 
 * ⬆️ Add support for Python 3.15 and 3.15t. PR [#2136](https://github.com/fastapi/sqlmodel/pull/2136) by [@tiangolo](https://github.com/tiangolo).
diff --git a/sqlmodel/__init__.py b/sqlmodel/__init__.py
index 4eef6dfa88..87cd7f1730 100644
--- a/sqlmodel/__init__.py
+++ b/sqlmodel/__init__.py
@@ -1,4 +1,4 @@
-__version__ = "0.0.48"
+__version__ = "0.0.49"
 
 # Re-export from Pydantic
 from pydantic import Discriminator as Discriminator