diff --git a/CHANGELOG.md b/CHANGELOG.md
index d81bc42afcdea..2a7bebd8bc2ad 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -212,6 +212,7 @@
 
 
 
+
 
 
 # Change Logs
@@ -14537,3 +14538,24 @@ Jina is released on every Friday evening. The PyPi package and Docker Image will
 
  - [[```81999e97```](https://github.com/jina-ai/jina/commit/81999e970c0c7f5e6fc1b1584fa1dbe0faa628ab)] __-__ __version__: the next version will be 3.7.3 (*Jina Dev Bot*)
 
+<a name=release-note-3-7-4></a>
+## Release Note (`3.7.4`)
+
+> Release time: 2022-08-03 12:31:57
+
+
+
+🙇 We'd like to thank all contributors for this new release! In particular,
+ Joan Fontanals,  Jina Dev Bot,  🙇
+
+
+### 🐞 Bug fixes
+
+ - [[```4c3d760f```](https://github.com/jina-ai/jina/commit/4c3d760f511da2c8716bd01c2f4566040b8d500e)] __-__ do not send target_executor to Executors (#5041) (*Joan Fontanals*)
+
+### 🍹 Other Improvements
+
+ - [[```a51b42cc```](https://github.com/jina-ai/jina/commit/a51b42cc74a57427282ef5d0f6933b7791a1b3a4)] __-__ update announcement in readme and docs (*Jina Dev Bot*)
+ - [[```ecb95829```](https://github.com/jina-ai/jina/commit/ecb95829f67d594616d5650086cbfaea1c598e97)] __-__ __docs__: update TOC (*Jina Dev Bot*)
+ - [[```286bdce8```](https://github.com/jina-ai/jina/commit/286bdce8b2c3afcb3b65a76c49dd6343bb28e171)] __-__ __version__: the next version will be 3.7.4 (*Jina Dev Bot*)
+
diff --git a/jina/__init__.py b/jina/__init__.py
index 4e38fec5456f3..3b9f731a68b11 100644
--- a/jina/__init__.py
+++ b/jina/__init__.py
@@ -64,7 +64,7 @@ def _warning_on_one_line(message, category, filename, lineno, *args, **kwargs):
 # this is managed by git tag and updated on every release
 # NOTE: this represents the NEXT release version
 
-__version__ = '3.7.4'
+__version__ = '3.7.5'
 
 # do not change this line manually
 # this is managed by proto/build-proto.sh and updated on every execution