diff --git a/CHANGELOG.md b/CHANGELOG.md
index f75708dd25..33885789ef 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,30 @@
 # Changelog
 
+## 1.27.0
+
+### Various fixes & improvements
+
+- Revert autocomplete hack (#2224) by @sentrivana
+- Add Django template tag for adding sentry tracing information (#2222) by @antonpirker
+- build(deps): bump checkouts/data-schemas from `7fdde87` to `1b85152` (#2218) by @dependabot
+- Allow (some) autocompletion for top-level API (#2213) by @sentrivana
+- Update Flask html meta helper  (#2203) by @antonpirker
+- Take trace id always from propagation context (#2209) by @antonpirker
+- Fix CI (#2220) by @antonpirker
+- feat(loguru): add message format configuration arguments (#2208) by @Gwill
+- Don't overwrite existing aiohttp baggage (#2214) by @sentrivana
+- Set the transaction/span status from an otel span (#2115) by @daniil-konovalenko
+- feat(profiling): Add client reports for profiles (#2207) by @Zylphrex
+- feat(aiohttp): add instrumentation of client requests (#1761) by @md384
+- Fix trace context in event payload (#2205) by @antonpirker
+- Change API doc theme (#2210) by @sentrivana
+- Use new top level api in `trace_propagation_meta` (#2202) by @antonpirker
+- Fix TaskLockedException handling (#2206) by @Zhenay
+- Do not overwrite existing baggage on outgoing requests (#2191) by @sentrivana
+- Support for SQLAlchemy 2.0 (#2200) by @antonpirker
+- build(deps): bump mypy from 1.3.0 to 1.4.1 (#2194) by @dependabot
+- fix: fix propagation of OTEL NonRecordingSpan (#2187) by @hartungstenio
+
 ## 1.26.0
 
 ### Various fixes & improvements
diff --git a/docs/conf.py b/docs/conf.py
index 0420f7f5ef..05bdf0976d 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -30,7 +30,7 @@
 copyright = "2019-{}, Sentry Team and Contributors".format(datetime.now().year)
 author = "Sentry Team and Contributors"
 
-release = "1.26.0"
+release = "1.27.0"
 version = ".".join(release.split(".")[:2])  # The short X.Y version.
 
 
diff --git a/sentry_sdk/consts.py b/sentry_sdk/consts.py
index ed3b2d88ae..7388a3e82b 100644
--- a/sentry_sdk/consts.py
+++ b/sentry_sdk/consts.py
@@ -228,4 +228,4 @@ def _get_default_options():
 del _get_default_options
 
 
-VERSION = "1.26.0"
+VERSION = "1.27.0"
diff --git a/setup.py b/setup.py
index 577e7f08f6..b4ed25be14 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@ def get_file_text(file_name):
 
 setup(
     name="sentry-sdk",
-    version="1.26.0",
+    version="1.27.0",
     author="Sentry Team and Contributors",
     author_email="hello@sentry.io",
     url="https://github.com/getsentry/sentry-python",