diff --git a/proteus/__init__.py b/proteus/__init__.py
index 57f2c3652f..48cc845805 100644
--- a/proteus/__init__.py
+++ b/proteus/__init__.py
@@ -10,7 +10,7 @@ from decimal import Decimal
 
 import proteus.config
 
-__version__ = "5.8.0"
+__version__ = "5.9.0"
 __all__ = ['Model', 'Wizard', 'Report']
 
 _MODELS = threading.local()