diff --git a/CHANGELOG.md b/CHANGELOG.md
index c4199ec6..4c15d101 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,4 @@
-# Release 0.38.0-dev
+# Release 0.38.0
 
 ### New features since last release
 
@@ -33,16 +33,12 @@
 * The IBM quantum devices, ``qiskit.ibmq``, ``qiskit.ibmq.circuit_runner`` and ``qiskit.ibmq.sampler``, have been removed due to deprecations of the IBMProvider and the cloud simulator "ibmq_qasm_simulator".
   [(#550)](https://github.com/PennyLaneAI/pennylane-qiskit/pull/550)
 
-### Deprecations 👋
-
 ### Documentation 📝
 
 * The Pennylane-Qiskit plugin page has been updated to reflect the changes in both the plugin's 
 capabilities and Qiskit.
   [#563](https://github.com/PennyLaneAI/pennylane-qiskit/pull/563)
 
-### Bug fixes 🐛
-
 ### Contributors ✍️
 
 This release contains contributions from (in alphabetical order):
diff --git a/doc/requirements.txt b/doc/requirements.txt
index f625b934..61cfe5be 100644
--- a/doc/requirements.txt
+++ b/doc/requirements.txt
@@ -3,7 +3,7 @@ docutils==0.20.1
 ipykernel==6.29.2
 jinja2==3.1.3
 nbsphinx==0.9.3
-pennylane==0.37
+pennylane==0.38
 pybind11==2.11.1
 pygments==2.17.2
 pygments-github-lexers==0.0.5
diff --git a/pennylane_qiskit/_version.py b/pennylane_qiskit/_version.py
index 5ff6e882..a39770e6 100644
--- a/pennylane_qiskit/_version.py
+++ b/pennylane_qiskit/_version.py
@@ -16,4 +16,4 @@
    Version number (major.minor.patch[-label])
 """
 
-__version__ = "0.38.0-dev"
+__version__ = "0.38.0"
diff --git a/requirements-ci.txt b/requirements-ci.txt
index 5afd1bc4..f24f5379 100644
--- a/requirements-ci.txt
+++ b/requirements-ci.txt
@@ -1,4 +1,4 @@
-pennylane>=0.37
+pennylane>=0.38
 qiskit
 numpy
 sympy==1.12
diff --git a/setup.py b/setup.py
index b8087b84..84f1e1c7 100644
--- a/setup.py
+++ b/setup.py
@@ -26,7 +26,7 @@
     "qiskit-aer",
     "qiskit-ibm-runtime",
     "qiskit-ibm-provider",
-    "pennylane>=0.37",
+    "pennylane>=0.38",
     "numpy",
     "sympy<1.13",
     "networkx>=2.2",