diff --git a/CHANGELOG.md b/CHANGELOG.md
index 305c26d72d..cc0ce80727 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,34 @@
 Changes
 =======
 
+## 3.8.2, 2020-04-10
+
+### :red_circle: Bug fixes
+
+* Pin `smart_open` version for compatibility with Py2.7
+
+### :warning: Deprecations (will be removed in the next major release)
+
+* Remove
+    - `gensim.models.FastText.load_fasttext_format`: use load_facebook_vectors to load embeddings only (faster, less CPU/memory usage, does not support training continuation) and load_facebook_model to load full model (slower, more CPU/memory intensive, supports training continuation)
+    - `gensim.models.wrappers.fasttext` (obsoleted by the new native `gensim.models.fasttext` implementation)
+    - `gensim.examples`
+    - `gensim.nosy`
+    - `gensim.scripts.word2vec_standalone`
+    - `gensim.scripts.make_wiki_lemma`
+    - `gensim.scripts.make_wiki_online`
+    - `gensim.scripts.make_wiki_online_lemma`
+    - `gensim.scripts.make_wiki_online_nodebug`
+    - `gensim.scripts.make_wiki` (all of these obsoleted by the new native  `gensim.scripts.segment_wiki` implementation)
+    - "deprecated" functions and attributes
+
+* Move
+    - `gensim.scripts.make_wikicorpus` ➡ `gensim.scripts.make_wiki.py`
+    - `gensim.summarization` ➡ `gensim.models.summarization`
+    - `gensim.topic_coherence` ➡ `gensim.models._coherence`
+    - `gensim.utils` ➡ `gensim.utils.utils` (old imports will continue to work)
+    - `gensim.parsing.*` ➡ `gensim.utils.text_utils`
+
 ## 3.8.1, 2019-09-23
 
 ### :red_circle: Bug fixes
diff --git a/docs/src/conf.py b/docs/src/conf.py
index e00a1a6fb9..84d2722c27 100644
--- a/docs/src/conf.py
+++ b/docs/src/conf.py
@@ -57,7 +57,7 @@
 # The short X.Y version.
 version = '3.8'
 # The full version, including alpha/beta/rc tags.
-release = '3.8.1'
+release = '3.8.2'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/setup.py b/setup.py
index 90e8212700..f80bef55eb 100644
--- a/setup.py
+++ b/setup.py
@@ -276,8 +276,8 @@ def finalize_options(self):
     ])
 
 if (3, 0) < sys.version_info < (3, 7):
-    linux_testenv.extend(['nmslib'])    
-    
+    linux_testenv.extend(['nmslib'])
+
 docs_testenv = linux_testenv + distributed_env + [
     'sphinx',
     'sphinxcontrib-napoleon',
@@ -345,9 +345,24 @@ def finalize_options(self):
                   extra_link_args=extra_args)
     )
 
+install_requires = [
+    NUMPY_STR,
+    'scipy >= 1.0.0',
+    'six >= 1.5.0',
+]
+
+#
+# smart_open >= 1.11 is py3+ only.
+# TODO: Remove the pin once we drop py2.7 from gensim too.
+#
+if PY2:
+    install_requires.append('smart_open >= 1.8.1, < 1.11')
+else:
+    install_requires.append('smart_open >= 1.8.1')
+
 setup(
     name='gensim',
-    version='3.8.1',
+    version='3.8.2',
     description='Python framework for fast Vector Space Modelling',
     long_description=LONG_DESCRIPTION,
 
@@ -360,7 +375,7 @@ def finalize_options(self):
 
     url='http://radimrehurek.com/gensim',
     download_url='http://pypi.python.org/pypi/gensim',
-    
+
     license='LGPLv2.1',
 
     keywords='Singular Value Decomposition, SVD, Latent Semantic Indexing, '
@@ -391,12 +406,7 @@ def finalize_options(self):
     setup_requires=[
         NUMPY_STR,
     ],
-    install_requires=[
-        NUMPY_STR,
-        'scipy >= 0.18.1',
-        'six >= 1.5.0',
-        'smart_open >= 1.8.1',
-    ],
+    install_requires=install_requires,
     tests_require=linux_testenv,
     extras_require={
         'distributed': distributed_env,
diff --git a/tox.ini b/tox.ini
index d537b6f983..f30bdc068d 100644
--- a/tox.ini
+++ b/tox.ini
@@ -22,8 +22,7 @@ addopts = -rfxEXs --durations=20 --showlocals --reruns 3 --reruns-delay 1
 [testenv]
 recreate = True
 
-; rackcdn host only for windows wheels (numpy, scipy)
-install_command = python most_recent_pip_install.py --timeout=60 --trusted-host 28daf2247a33ed269873-7b1aad3fab3cc330e1fd9d109892382a.r6.cf2.rackcdn.com --find-links http://28daf2247a33ed269873-7b1aad3fab3cc330e1fd9d109892382a.r6.cf2.rackcdn.com/ {env:TOX_PIP_OPTS:} {opts} {packages}
+install_command = python most_recent_pip_install.py  {env:TOX_PIP_OPTS:} {opts} {packages}
 
 deps =
     pip>=19.1.1
@@ -31,11 +30,11 @@ deps =
     py37: scipy==1.1.0
 
     py27: numpy==1.11.3
-    py27: scipy==0.18.1
+    py27: scipy==1.0.0
     py35: numpy==1.11.3
-    py35: scipy==0.18.1
+    py35: scipy==1.0.0
     py36: numpy==1.11.3
-    py36: scipy==0.18.1
+    py36: scipy==1.0.0
 
     linux: .[test]
     win: .[test-win]