diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 80d0aba0f..ebebf4aed 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 7.0.2
+current_version = 7.0.3
 commit = True
 tag = True
 
diff --git a/CHANGELOG.md b/CHANGELOG.md
index f7aaa3613..812e5a303 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## 7.0.3 (2021-01-21)
+
+- dependencies: Set minimum pysaml2 version to v6.5.1 to fix internal XML
+  parser issues around the xs and xsd namespace prefixes declarations
+
+
 ## 7.0.2 (2021-01-20) - Security release for pySAML2 dependency
 
 - Add RegexSubProcessor attribute processor
diff --git a/setup.py b/setup.py
index 27a62a064..ff12945e0 100644
--- a/setup.py
+++ b/setup.py
@@ -6,7 +6,7 @@
 
 setup(
     name='SATOSA',
-    version='7.0.2',
+    version='7.0.3',
     description='Protocol proxy (SAML/OIDC).',
     author='DIRG',
     author_email='satosa-dev@lists.sunet.se',
@@ -16,7 +16,7 @@
     package_dir={'': 'src'},
     install_requires=[
         "pyop >= 3.0.1",
-        "pysaml2 >= 6.5.0",
+        "pysaml2 >= 6.5.1",
         "pycryptodomex",
         "requests",
         "PyYAML",