diff --git a/docs/release-notes.md b/docs/release-notes.md
index 5f9cce7eb..cd71697d2 100644
--- a/docs/release-notes.md
+++ b/docs/release-notes.md
@@ -3,6 +3,12 @@ hide: navigation
 toc_depth: 2
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+## 0.38.6 (September 22, 2024)
+
+#### Fixed
+
+* Close unclosed `MemoryObjectReceiveStream` in `TestClient` [#2693](https://github.com/encode/starlette/pull/2693).
+
 ## 0.38.5 (September 7, 2024)
 
 #### Fixed
diff --git a/starlette/__init__.py b/starlette/__init__.py
index b997ca922..f2664a769 100644
--- a/starlette/__init__.py
+++ b/starlette/__init__.py
@@ -1 +1 @@
-__version__ = "0.38.5"
+__version__ = "0.38.6"