diff --git a/CHANGELOG.md b/CHANGELOG.md
index 45a1b77e4..514e13d91 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,4 +1,10 @@
 # Changelog
+# Version 3.54.0 (2023-10-10)
+## Added
+* Add exports v1 deprecation warning
+* Create method in SDK to modify LPO priorities in bulk
+## Removed
+*  Remove backoff library
 # Version 3.53.0 (2023-10-03)
 ## Added
 * Remove LPO deprecation warning and allow greater range of priority values
diff --git a/docs/source/conf.py b/docs/source/conf.py
index 3da330f92..c0f5cc8cb 100644
--- a/docs/source/conf.py
+++ b/docs/source/conf.py
@@ -21,7 +21,7 @@
 copyright = '2021, Labelbox'
 author = 'Labelbox'
 
-release = '3.53.0'
+release = '3.54.0'
 
 # -- General configuration ---------------------------------------------------
 
diff --git a/labelbox/__init__.py b/labelbox/__init__.py
index d0ebefb5a..709950a31 100644
--- a/labelbox/__init__.py
+++ b/labelbox/__init__.py
@@ -1,5 +1,5 @@
 name = "labelbox"
-__version__ = "3.53.0"
+__version__ = "3.54.0"
 
 from labelbox.client import Client
 from labelbox.schema.project import Project