diff --git a/CHANGELOG.md b/CHANGELOG.md
index 70f6eeb7d..9d618db48 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,7 +1,7 @@
 # Changelog
 
-## Unreleased
-[Check the diff](https://github.com/elastic/apm-agent-python/compare/v5.0.0...master)
+## v5.1.0 
+[Check the diff](https://github.com/elastic/apm-agent-python/compare/v5.0.0...v5.1.0)
 
 ### Security issues
 
diff --git a/elasticapm/version.py b/elasticapm/version.py
index 4d1d69855..9a4882533 100644
--- a/elasticapm/version.py
+++ b/elasticapm/version.py
@@ -28,5 +28,5 @@
 #  OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE
 #  OF THIS SOFTWARE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
 
-__version__ = (5, 0, 0)
+__version__ = (5, 1, 0)
 VERSION = ".".join(map(str, __version__))